Overview of Roiyaruparesu Izumichuuou Gaadensukuuea (ロイヤルパレス泉中央ガーデンスクウェア)
Roiyaruparesu Izumichuuou Gaadensukuuea (ロイヤルパレス泉中央ガーデンスクウェア) is a 28-year-old condominium located at Sendaishi Izumiku Shimei Saka 35-1 (仙台市泉区市名坂35-1), Miyagi, Japan. Built in 1998, it comprises 20 units in a Reinforced Concrete (RC) structure. It was constructed by Toyokuni Kensetsu (豊國建設).
Pricing & Floor Plans
Based on 5 past listings, prices have ranged from 1,700〜2,480万円 (approx. $113,333–$165,333 USD at ¥150/$).
Unit sizes range from 70.0–86.1 sqm (753–927 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.0万/sqm (approx. $1,599/sqm or $149/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Shimei Saka 35-1 (仙台市泉区市名坂35-1), Miyagi, Japan. It is a 8-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 28 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.
Analyze this property's fair price and negotiation room for free at RE:public.