Overview of Katsura Paakuhausu Higashi Gaiku Rokuban Kan (桂パークハウス東街区六番館)
Katsura Paakuhausu Higashi Gaiku Rokuban Kan (桂パークハウス東街区六番館) is a 28-year-old condominium located at Sendaishi Izumiku Katsura 1 Choume 3-1 (仙台市泉区桂1丁目3-1), Miyagi, Japan. Built in 1998, it comprises 240 units in a Reinforced Concrete (RC) structure. It was constructed by Toukyuukensetsu , Chizaki Kougyou (東急建設、 地崎工業).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 1,580〜2,180万円 (approx. $105,333–$145,333 USD at ¥150/$).
Unit sizes range from 80.0–84.2 sqm (861–906 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen).
Location & Neighborhood
The property is located at Sendaishi Izumiku Katsura 1 Choume 3-1 (仙台市泉区桂1丁目3-1), Miyagi, Japan. It is a 3-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 28 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 240 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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