Overview of Sakai Oono Shiba Paakuhoomuzu (堺大野芝パークホームズ)
Sakai Oono Shiba Paakuhoomuzu (堺大野芝パークホームズ) is a 33-year-old condominium located at Sakaishi Nakaku Oono Shiba Machi 183-4 (堺市中区大野芝町183-4), Osaka, Japan. Built in 1993, it comprises 34 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 18 past listings, prices have ranged from 990〜2,300万円 (approx. $66,000–$153,333 USD at ¥150/$).
Unit sizes range from 62.2–85.7 sqm (670–922 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.5万/sqm (approx. $1,499/sqm or $139/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Oono Shiba Machi 183-4 (堺市中区大野芝町183-4), Osaka, Japan. It is a 21-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 33 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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