Overview of Raionzumanshon Ichibanchou (ライオンズマンション一番町)
Raionzumanshon Ichibanchou (ライオンズマンション一番町) is a 34-year-old condominium located at Sendaishi Aobaku Ichibanchou 1 Choume 12-20 (仙台市青葉区一番町1丁目12-20), Miyagi, Japan. Built in 1992, it comprises 60 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Zenidaka Kumi (銭高組).
Pricing & Floor Plans
Based on 62 past listings, prices have ranged from 600〜2,980万円 (approx. $40,000–$198,667 USD at ¥150/$).
Unit sizes range from 22.1–76.9 sqm (238–828 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1R (Studio), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥36.2万/sqm (approx. $2,415/sqm or $224/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Ichibanchou 1 Choume 12-20 (仙台市青葉区一番町1丁目12-20), Miyagi, Japan. It is a 7-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 34 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 60 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.
Analyze this property's fair price and negotiation room for free at RE:public.