Overview of Neohaitsu Touyama Minami (ネオハイツ遠山南)
Neohaitsu Touyama Minami (ネオハイツ遠山南) is a 32-year-old condominium located at Miyagi Gun Shichigahama Machi Touyama 2 Choume 6-1 (宮城郡七ヶ浜町遠山2丁目6-1), Miyagi, Japan. Built in 1994, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Taiboku Kensetsu (大木建設).
Pricing & Floor Plans
Based on 61 past listings, prices have ranged from 480〜1,350万円 (approx. $32,000–$90,000 USD at ¥150/$).
Unit sizes range from 54.5–75.8 sqm (587–816 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), 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Miyagi Gun Shichigahama Machi Touyama 2 Choume 6-1 (宮城郡七ヶ浜町遠山2丁目6-1), Miyagi, Japan. It is a 2-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 32 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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