Overview of Peruru Ishinomaki Nanchuu Sato (ペルル石巻南中里)
Peruru Ishinomaki Nanchuu Sato (ペルル石巻南中里) is a 28-year-old condominium located at Ishinomakishi Nanchuu Sato 1 Choume 9-23 (石巻市南中里1丁目9-23), Miyagi, Japan. Built in 1998, it comprises 54 units in a Reinforced Concrete (RC) structure. It was constructed by Kabu Ki Kensetsu (株木建設).
Pricing & Floor Plans
Based on 16 past listings, prices have ranged from 980〜1,580万円 (approx. $65,333–$105,333 USD at ¥150/$).
Unit sizes range from 58.5–74.0 sqm (630–797 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥16.4万/sqm (approx. $1,094/sqm or $102/sqft).
Location & Neighborhood
The property is located at Ishinomakishi Nanchuu Sato 1 Choume 9-23 (石巻市南中里1丁目9-23), Miyagi, Japan. It is a 8-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 54 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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