Overview of Shouwa Manshon Furukawa Minami (昭和マンション古川南)
Shouwa Manshon Furukawa Minami (昭和マンション古川南) is a 39-year-old condominium located at Oosaki Ichiko Kawa Inaba 3 Choume 6-33 (大崎市古川稲葉3丁目6-33), Miyagi, Japan. Built in 1987, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Kagata Kumi (加賀田組).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 250〜750万円 (approx. $16,667–$50,000 USD at ¥150/$).
Unit sizes range from 55.8–71.8 sqm (601–773 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 4K (4-bedroom w/ kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥7.7万/sqm (approx. $513/sqm or $48/sqft).
Location & Neighborhood
The property is located at Oosaki Ichiko Kawa Inaba 3 Choume 6-33 (大崎市古川稲葉3丁目6-33), Miyagi, Japan. It is a 10-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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.
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