Overview of Roiyaruparesu Okino (ロイヤルパレス沖野)
Roiyaruparesu Okino (ロイヤルパレス沖野) is a 32-year-old condominium located at Sendaishi Wakabayashiku Kamiiida 1 Choume 1-6 (仙台市若林区上飯田1丁目1-6), Miyagi, Japan. Built in 1994, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Toyokuni Kensetsu (豊國建設).
Pricing & Floor Plans
Based on 13 past listings, prices have ranged from 680〜1,480万円 (approx. $45,333–$98,667 USD at ¥150/$).
Unit sizes range from 55.7–65.8 sqm (600–708 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥17.3万/sqm (approx. $1,153/sqm or $107/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Kamiiida 1 Choume 1-6 (仙台市若林区上飯田1丁目1-6), Miyagi, Japan. It is a 34-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 32 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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