Overview of Guriinberu Ishinomaki 2 (グリーンベル石巻２)
Guriinberu Ishinomaki 2 (グリーンベル石巻２) is a 25-year-old condominium located at Ishinomakishi Ekimae Kita Touri 2 Choume 9-15 (石巻市駅前北通り2丁目9-15), Miyagi, Japan. Built in 2001, it comprises 27 units in a Reinforced Concrete (RC) structure. It was constructed by Oomoto Kumi (大本組).
Pricing & Floor Plans
Based on 1 past listings, prices have ranged from 1,550〜1,550万円 (approx. $103,333–$103,333 USD at ¥150/$).
Unit sizes range from 72.1–72.1 sqm (776–776 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Ishinomakishi Ekimae Kita Touri 2 Choume 9-15 (石巻市駅前北通り2丁目9-15), 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 25 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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