Overview of Shouwa Manshon Ishinomaki Chuuou (昭和マンション石巻中央)
Shouwa Manshon Ishinomaki Chuuou (昭和マンション石巻中央) is a 38-year-old condominium located at Ishinomakishi Fudou Machi 1 Choume 12-1 (石巻市不動町1丁目12-1), Miyagi, Japan. Built in 1988, it comprises 82 units in a Reinforced Concrete (RC) structure. It was constructed by Hishi Chuukou Gyou (菱中興業).
Pricing & Floor Plans
Based on 87 past listings, prices have ranged from 199〜1,090万円 (approx. $13,267–$72,667 USD at ¥150/$).
Unit sizes range from 55.2–77.6 sqm (594–835 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥7.5万/sqm (approx. $497/sqm or $46/sqft).
Location & Neighborhood
The property is located at Ishinomakishi Fudou Machi 1 Choume 12-1 (石巻市不動町1丁目12-1), Miyagi, Japan. It is a 1-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 82 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.
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