Overview of Neogurande Shinko Kawa (ネオグランデ新古川)
Neogurande Shinko Kawa (ネオグランデ新古川) is a 24-year-old condominium located at Oosaki Ichiko Kawa Asahi 1 Choume 14-21 (大崎市古川旭1丁目14-21), Miyagi, Japan. Built in 2002, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Yamato Hausu Kougyou (大和ハウス工業).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 1,100〜1,998万円 (approx. $73,333–$133,200 USD at ¥150/$).
Unit sizes range from 67.1–77.7 sqm (722–836 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.2万/sqm (approx. $1,482/sqm or $138/sqft).
Location & Neighborhood
The property is located at Oosaki Ichiko Kawa Asahi 1 Choume 14-21 (大崎市古川旭1丁目14-21), Miyagi, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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