Overview of Minami Sendai Paakumanshon (南仙台パークマンション)
Minami Sendai Paakumanshon (南仙台パークマンション) is a 36-year-old condominium located at Sendaishi Taihakuku Nishinaka Ta 6 Choume 4-10 (仙台市太白区西中田6丁目4-10), Miyagi, Japan. Built in 1990, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 998〜2,490万円 (approx. $66,533–$166,000 USD at ¥150/$).
Unit sizes range from 61.1–86.8 sqm (658–934 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥28.8万/sqm (approx. $1,917/sqm or $178/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Nishinaka Ta 6 Choume 4-10 (仙台市太白区西中田6丁目4-10), Miyagi, Japan. It is a 10-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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