Overview of Kita Yobanchou Shiteihausu (北四番丁シティハウス)
Kita Yobanchou Shiteihausu (北四番丁シティハウス) is a 24-year-old condominium located at Sendaishi Aobaku Kimachidoori 2 Choume 2-5 (仙台市青葉区木町通2丁目2-5), Miyagi, Japan. Built in 2002, it comprises 39 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥42.2万/sqm (approx. $2,811/sqm or $261/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Kimachidoori 2 Choume 2-5 (仙台市青葉区木町通2丁目2-5), Miyagi, Japan. It is a 3-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 24 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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