Overview of Raionzugaaden Wakabayashi (ライオンズガーデン若林)
Raionzugaaden Wakabayashi (ライオンズガーデン若林) is a 36-year-old condominium located at Sendaishi Wakabayashiku Wakabayashi 5 Choume 9-5 (仙台市若林区若林5丁目9-5), Miyagi, Japan. Built in 1990, it comprises 74 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nissan Kensetsu (日産建設).
Pricing & Floor Plans
Based on 67 past listings, prices have ranged from 880〜1,990万円 (approx. $58,667–$132,667 USD at ¥150/$).
Unit sizes range from 55.5–91.3 sqm (597–983 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2SDK (2-bedroom w/ dining-kitchen + service room).
Estimated price per sqm: ¥23.2万/sqm (approx. $1,547/sqm or $144/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Wakabayashi 5 Choume 9-5 (仙台市若林区若林5丁目9-5), Miyagi, Japan. It is a 25-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 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 74 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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