Overview of Daiaparesu Wakabayashi (ダイアパレス若林)
Daiaparesu Wakabayashi (ダイアパレス若林) is a 30-year-old condominium located at Sendaishi Wakabayashiku Toomizuka 1 Choume 20-20 (仙台市若林区遠見塚1丁目20-20), Miyagi, Japan. Built in 1996, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,280〜2,680万円 (approx. $85,333–$178,667 USD at ¥150/$).
Unit sizes range from 66.1–90.5 sqm (711–974 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.3万/sqm (approx. $2,019/sqm or $188/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Toomizuka 1 Choume 20-20 (仙台市若林区遠見塚1丁目20-20), Miyagi, Japan. It is a 6-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 30 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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