Overview of Ekureeru Miyagino 3 (エクレール宮城野３)
Ekureeru Miyagino 3 (エクレール宮城野３) is a 29-year-old condominium located at Sendaishi Miyaginoku Dai Kaji 12-10 (仙台市宮城野区大梶12-10), Miyagi, Japan. Built in 1997, it comprises 67 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥22.4万/sqm (approx. $1,496/sqm or $139/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Dai Kaji 12-10 (仙台市宮城野区大梶12-10), Miyagi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 67 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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