Overview of Roorerusukuea Izumi Chuuou C Tou (ローレルスクエア和泉中央Ｃ棟)
Roorerusukuea Izumi Chuuou C Tou (ローレルスクエア和泉中央Ｃ棟) is a 31-year-old condominium located at Izumi Shi Ibuki No 3 Choume 5-13 (和泉市いぶき野3丁目5-13), Osaka, Japan. Built in 1995, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kashima Kensetsu , Kounoike Kumi , Dainippon Doboku , Zenidaka Kumi (鹿島建設、 鴻池組、 大日本土木、 錢高組).
Pricing & Floor Plans
Based on 11 past listings, prices have ranged from 2,280〜3,490万円 (approx. $152,000–$232,667 USD at ¥150/$).
Unit sizes range from 92.9–95.1 sqm (1000–1024 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥33.2万/sqm (approx. $2,214/sqm or $206/sqft).
Location & Neighborhood
The property is located at Izumi Shi Ibuki No 3 Choume 5-13 (和泉市いぶき野3丁目5-13), Osaka, Japan. It is a 4-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 31 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.