Overview of Varoore Mihara Dai 1 Goutou (ヴァローレ三原台１号棟)
Varoore Mihara Dai 1 Goutou (ヴァローレ三原台１号棟) is a 37-year-old condominium located at Sakaishi Minamiku Mihara Dai 2 Choume 6-1 (堺市南区三原台2丁目6-1), Osaka, Japan. Built in 1989, it comprises 90 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukyuukensetsu , Takenakakoumuten (東急建設、竹中工務店).
Pricing & Floor Plans
Based on 6 past listings, prices have ranged from 1,200〜2,390万円 (approx. $80,000–$159,333 USD at ¥150/$).
Unit sizes range from 65.6–86.2 sqm (706–928 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Sakaishi Minamiku Mihara Dai 2 Choume 6-1 (堺市南区三原台2丁目6-1), Osaka, Japan. It is a 13-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 37 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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