Overview of Neohaitsu Nakano Sakae (ネオハイツ中野栄)
Neohaitsu Nakano Sakae (ネオハイツ中野栄) is a 36-year-old condominium located at Sendaishi Miyaginoku Nakano 15-1 (仙台市宮城野区中野15-1), Miyagi, Japan. Built in 1990, it comprises 86 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 64 past listings, prices have ranged from 1,180〜2,890万円 (approx. $78,667–$192,667 USD at ¥150/$).
Unit sizes range from 65.3–97.9 sqm (703–1054 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 5LDK (5-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.2万/sqm (approx. $1,279/sqm or $119/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Nakano 15-1 (仙台市宮城野区中野15-1), Miyagi, Japan. It is a 2-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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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