Overview of Kaori Mitsui Danchi A 2 9 Tou (香里三井団地Ａ２９棟)
Kaori Mitsui Danchi A 2 9 Tou (香里三井団地Ａ２９棟) is a 56-year-old condominium located at Neyagawashi Mitsui Ga Oka 1 Choume 12-29 (寝屋川市三井が丘1丁目12-29), Osaka, Japan. Built in 1970, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Oosakafu Juutaku Kyoukyuu Kousha (大阪府住宅供給公社).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 480〜995万円 (approx. $32,000–$66,333 USD at ¥150/$).
Unit sizes range from 56.6–60.0 sqm (609–646 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3K (3-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Neyagawashi Mitsui Ga Oka 1 Choume 12-29 (寝屋川市三井が丘1丁目12-29), Osaka, Japan. It is a 10-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Seismic standards: Built in 1970, this property predates Japan's 1981 New Seismic Design Standards (新耐震基準). Buildings constructed before June 1981 were built to older earthquake resistance codes. Buyers should consider seismic retrofit status.
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 56 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.
Analyze this property's fair price and negotiation room for free at RE:public.