Overview of Gurankooto Wakabayashi (グランコート若林)
Gurankooto Wakabayashi (グランコート若林) is a 31-year-old condominium located at Sendaishi Wakabayashiku Wakabayashi 5 Choume 4-58 (仙台市若林区若林5丁目4-58), Miyagi, Japan. Built in 1995, it comprises 63 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 960〜2,480万円 (approx. $64,000–$165,333 USD at ¥150/$).
Unit sizes range from 62.5–84.4 sqm (673–908 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), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥30.9万/sqm (approx. $2,058/sqm or $191/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Wakabayashi 5 Choume 4-58 (仙台市若林区若林5丁目4-58), Miyagi, Japan. It is a 10-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 63 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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