Overview of Raionzumanshon Aobadoori (ライオンズマンション青葉通)
Raionzumanshon Aobadoori (ライオンズマンション青葉通) is a 43-year-old condominium located at Sendaishi Aobaku Oomachi 2 Choume 3-5 (仙台市青葉区大町2丁目3-5), Miyagi, Japan. Built in 1983, it comprises 60 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kokune Kensetsu (古久根建設).
Pricing & Floor Plans
Based on 73 past listings, prices have ranged from 415〜2,650万円 (approx. $27,667–$176,667 USD at ¥150/$).
Unit sizes range from 21.1–70.2 sqm (227–756 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 1SSLDK (1-bedroom w/ living-dining-kitchen + service room), 1R (Studio).
Estimated price per sqm: ¥27.3万/sqm (approx. $1,817/sqm or $169/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Oomachi 2 Choume 3-5 (仙台市青葉区大町2丁目3-5), 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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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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