Overview of Raionzumanshon Odawara Kou Chou (ライオンズマンション小田原広丁)
Raionzumanshon Odawara Kou Chou (ライオンズマンション小田原広丁) is a 41-year-old condominium located at Sendaishi Miyaginoku Odawara 1 Choume 5-15 (仙台市宮城野区小田原1丁目5-15), Miyagi, Japan. Built in 1985, it comprises 26 units in a Reinforced Concrete (RC) structure. It was constructed by Satou Kougyou (佐藤工業).
Pricing & Floor Plans
Based on 23 past listings, prices have ranged from 1,190〜2,198万円 (approx. $79,333–$146,533 USD at ¥150/$).
Unit sizes range from 58.3–69.9 sqm (628–752 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: ¥27.6万/sqm (approx. $1,839/sqm or $171/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Odawara 1 Choume 5-15 (仙台市宮城野区小田原1丁目5-15), Miyagi, Japan. It is a 15-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 41 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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