Overview of Etowaaru Furukawa (エトワール古川)
Etowaaru Furukawa (エトワール古川) is a 29-year-old condominium located at Oosaki Ichiko Kawa Sumomo Sone 38-1 (大崎市古川李埣38-1), Miyagi, Japan. Built in 1997, it comprises 96 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Muramatsu Kumi (村松組).
Pricing & Floor Plans
Based on 63 past listings, prices have ranged from 470〜1,598万円 (approx. $31,333–$106,533 USD at ¥150/$).
Unit sizes range from 63.3–81.0 sqm (681–872 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥11.0万/sqm (approx. $733/sqm or $68/sqft).
Location & Neighborhood
The property is located at Oosaki Ichiko Kawa Sumomo Sone 38-1 (大崎市古川李埣38-1), Miyagi, Japan. It is a 19-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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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.