Overview of Gurankooto Yamatechou (グランコート山手町)
Gurankooto Yamatechou (グランコート山手町) is a 29-year-old condominium located at Sendaishi Aobaku Yamatechou 27-11 (仙台市青葉区山手町27-11), Miyagi, Japan. Built in 1997, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Daihoukensetsu (大豊建設).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,260〜1,999万円 (approx. $84,000–$133,267 USD at ¥150/$).
Unit sizes range from 68.0–68.0 sqm (732–732 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥25.0万/sqm (approx. $1,667/sqm or $155/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Yamatechou 27-11 (仙台市青葉区山手町27-11), Miyagi, Japan. It is a 5-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 29 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.
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