Overview of Verubyu Mizuho Daichuuou (ヴェルビュみずほ台中央)
Verubyu Mizuho Daichuuou (ヴェルビュみずほ台中央) is a 29-year-old condominium located at Sendaishi Izumiku Mizuho Dai 11-1 (仙台市泉区みずほ台11-1), Miyagi, Japan. Built in 1997, it comprises 78 units in a Reinforced Concrete (RC) structure. It was constructed by Tekken Kensetsu (鉄建建設).
Pricing & Floor Plans
Based on 60 past listings, prices have ranged from 1,650〜2,980万円 (approx. $110,000–$198,667 USD at ¥150/$).
Unit sizes range from 71.3–95.0 sqm (767–1023 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.4万/sqm (approx. $2,093/sqm or $194/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Mizuho Dai 11-1 (仙台市泉区みずほ台11-1), 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 29 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 78 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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