Overview of Aaku Furukawa (アーク古川)
Aaku Furukawa (アーク古川) is a 34-year-old condominium located at Oosaki Ichiko Kawanaka Sato 4 Choume 1-15 (大崎市古川中里4丁目1-15), Miyagi, Japan. Built in 1992, it comprises 64 units in a Reinforced Concrete (RC) structure. It was constructed by Heiya Kumi (平野組).
Pricing & Floor Plans
Based on 69 past listings, prices have ranged from 315〜860万円 (approx. $21,000–$57,333 USD at ¥150/$).
Unit sizes range from 64.0–68.3 sqm (689–735 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥8.6万/sqm (approx. $575/sqm or $53/sqft).
Location & Neighborhood
The property is located at Oosaki Ichiko Kawanaka Sato 4 Choume 1-15 (大崎市古川中里4丁目1-15), Miyagi, Japan. It is a 17-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 64 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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