Overview of Naisuaaban Minami Sendai 3 (ナイスアーバン南仙台３)
Naisuaaban Minami Sendai 3 (ナイスアーバン南仙台３) is a 31-year-old condominium located at Sendaishi Taihakuku Yagyuu 4 Choume 3-13 (仙台市太白区柳生4丁目3-13), Miyagi, Japan. Built in 1995, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Chizaki Kougyou (地崎工業).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥34.5万/sqm (approx. $2,302/sqm or $214/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Yagyuu 4 Choume 3-13 (仙台市太白区柳生4丁目3-13), Miyagi, Japan. It is a 18-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 31 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.
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