Overview of Itoopia Senboku Fukai (イトーピア泉北深井)
Itoopia Senboku Fukai (イトーピア泉北深井) is a 35-year-old condominium located at Sakaishi Nakaku Fukai Shimizuchou 1421-6 (堺市中区深井清水町1421-6), Osaka, Japan. Built in 1991, it comprises 66 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 40 past listings, prices have ranged from 1,180〜2,938万円 (approx. $78,667–$195,867 USD at ¥150/$).
Unit sizes range from 69.4–95.4 sqm (747–1027 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.5万/sqm (approx. $1,703/sqm or $158/sqft).
Location & Neighborhood
The property is located at Sakaishi Nakaku Fukai Shimizuchou 1421-6 (堺市中区深井清水町1421-6), Osaka, Japan. It is a 12-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 35 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 66 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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