Overview of Shiteihausu Sendai (シティハウス仙台)
Shiteihausu Sendai (シティハウス仙台) is a 23-year-old condominium located at Sendaishi Miyaginoku Tsutsujigaoka 2 Choume 2-75 (仙台市宮城野区榴岡2丁目2-75), Miyagi, Japan. Built in 2003, it comprises 55 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou , Taiheikougyou (東海興業、 太平工業).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 2,780〜5,500万円 (approx. $185,333–$366,667 USD at ¥150/$).
Unit sizes range from 65.6–90.9 sqm (706–978 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥49.6万/sqm (approx. $3,309/sqm or $307/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Tsutsujigaoka 2 Choume 2-75 (仙台市宮城野区榴岡2丁目2-75), 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 23 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 55 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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