Overview of Raionzumanshon Wakabayashi (ライオンズマンション若林)
Raionzumanshon Wakabayashi (ライオンズマンション若林) is a 38-year-old condominium located at Sendaishi Wakabayashiku Wakabayashi 1 Choume 13-1 (仙台市若林区若林1丁目13-1), Miyagi, Japan. Built in 1988, it comprises 27 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi (松村組).
Pricing & Floor Plans
Based on 41 past listings, prices have ranged from 850〜2,390万円 (approx. $56,667–$159,333 USD at ¥150/$).
Unit sizes range from 49.5–77.8 sqm (533–837 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥27.6万/sqm (approx. $1,838/sqm or $171/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Wakabayashi 1 Choume 13-1 (仙台市若林区若林1丁目13-1), Miyagi, Japan. It is a 11-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 38 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.
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