Overview of Shiiaimanshon Kawaramachi (シーアイマンション河原町)
Shiiaimanshon Kawaramachi (シーアイマンション河原町) is a 40-year-old condominium located at Sendaishi Wakabayashiku Kawaramachi 1 Choume 3-6 (仙台市若林区河原町1丁目3-6), Miyagi, Japan. Built in 1986, it comprises 50 units in a Reinforced Concrete (RC) structure. It was constructed by Asanuma Kumi (浅沼組).
Pricing & Floor Plans
Based on 24 past listings, prices have ranged from 730〜3,480万円 (approx. $48,667–$232,000 USD at ¥150/$).
Unit sizes range from 50.0–109.8 sqm (538–1182 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), 2DK (2-bedroom w/ dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.0万/sqm (approx. $1,598/sqm or $148/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Kawaramachi 1 Choume 3-6 (仙台市若林区河原町1丁目3-6), 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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 50 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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