Overview of Raionzumanshon Miyagino (ライオンズマンション宮城野)
Raionzumanshon Miyagino (ライオンズマンション宮城野) is a 38-year-old condominium located at Sendaishi Miyaginoku Miyagino 3 Choume 6-15 (仙台市宮城野区宮城野3丁目6-15), Miyagi, Japan. Built in 1988, it comprises 96 units in a Reinforced Concrete (RC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 52 past listings, prices have ranged from 600〜2,590万円 (approx. $40,000–$172,667 USD at ¥150/$).
Unit sizes range from 50.0–84.2 sqm (538–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥30.1万/sqm (approx. $2,008/sqm or $187/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Miyagino 3 Choume 6-15 (仙台市宮城野区宮城野3丁目6-15), Miyagi, Japan. It is a 5-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 96 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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