Overview of Famiiyu Izumisano Ni Ban Kan (ふぁみーゆ泉佐野弐番館)
Famiiyu Izumisano Ni Ban Kan (ふぁみーゆ泉佐野弐番館) is a 34-year-old condominium located at Izumisano Ichibi Ne No 4091 (泉佐野市日根野4091), Osaka, Japan. Built in 1992, it comprises 131 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Fuji Juuken (富士住建).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,250〜2,780万円 (approx. $83,333–$185,333 USD at ¥150/$).
Unit sizes range from 62.5–98.4 sqm (673–1059 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥29.8万/sqm (approx. $1,987/sqm or $185/sqft).
Location & Neighborhood
The property is located at Izumisano Ichibi Ne No 4091 (泉佐野市日根野4091), Osaka, Japan. It is a 3-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 131 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.
Analyze this property's fair price and negotiation room for free at RE:public.