Overview of Daiaparesu Izumichuuou Sanchoume (ダイアパレス泉中央三丁目)
Daiaparesu Izumichuuou Sanchoume (ダイアパレス泉中央三丁目) is a 28-year-old condominium located at Sendaishi Izumiku Izumichuuou 3 Choume 5-4 (仙台市泉区泉中央3丁目5-4), Miyagi, Japan. Built in 1998, it comprises 18 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 27 past listings, prices have ranged from 1,980〜3,699万円 (approx. $132,000–$246,600 USD at ¥150/$).
Unit sizes range from 62.8–75.0 sqm (676–807 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: ¥44.0万/sqm (approx. $2,931/sqm or $272/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Izumichuuou 3 Choume 5-4 (仙台市泉区泉中央3丁目5-4), 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.
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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