Overview of Iisutokyasuru Sendai (イーストキャスル仙台)
Iisutokyasuru Sendai (イーストキャスル仙台) is a 43-year-old condominium located at Sendaishi Miyaginoku Haramachi 2 Choume 4-20 (仙台市宮城野区原町2丁目4-20), Miyagi, Japan. Built in 1983, it comprises 30 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 22 past listings, prices have ranged from 1,170〜2,690万円 (approx. $78,000–$179,333 USD at ¥150/$).
Unit sizes range from 77.8–104.0 sqm (837–1119 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.6万/sqm (approx. $1,637/sqm or $152/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Haramachi 2 Choume 4-20 (仙台市宮城野区原町2丁目4-20), 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 43 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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