Overview of Koopu Nomura Nagamachi Minami (コープ野村長町南)
Koopu Nomura Nagamachi Minami (コープ野村長町南) is a 40-year-old condominium located at Sendaishi Taihakuku Kano 3 Choume 14-10 (仙台市太白区鹿野3丁目14-10), Miyagi, Japan. Built in 1986, it comprises 55 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥32.5万/sqm (approx. $2,167/sqm or $201/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Kano 3 Choume 14-10 (仙台市太白区鹿野3丁目14-10), Miyagi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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.