Overview of Neohaitsu Nagamachi (ネオハイツ長町)
Neohaitsu Nagamachi (ネオハイツ長町) is a 35-year-old condominium located at Sendaishi Taihakuku Nagamachi 4 Choume 4-24 (仙台市太白区長町4丁目4-24), Miyagi, Japan. Built in 1991, it comprises 32 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,050〜2,390万円 (approx. $70,000–$159,333 USD at ¥150/$).
Unit sizes range from 48.2–70.3 sqm (519–757 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.6万/sqm (approx. $1,503/sqm or $140/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Nagamachi 4 Choume 4-24 (仙台市太白区長町4丁目4-24), Miyagi, Japan. It is a 5-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 35 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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