Overview of Raionzugaaden Izumichuuou (ライオンズガーデン泉中央)
Raionzugaaden Izumichuuou (ライオンズガーデン泉中央) is a 30-year-old condominium located at Sendaishi Izumiku Uetani Kari 3 Choume 15-1 (仙台市泉区上谷刈3丁目15-1), Miyagi, Japan. Built in 1996, it comprises 154 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Matsumura Kumi , Kumagaigumi (松村組、 熊谷組).
Pricing & Floor Plans
Based on 56 past listings, prices have ranged from 1,580〜3,180万円 (approx. $105,333–$212,000 USD at ¥150/$).
Unit sizes range from 59.9–97.7 sqm (645–1052 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥31.6万/sqm (approx. $2,104/sqm or $195/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Uetani Kari 3 Choume 15-1 (仙台市泉区上谷刈3丁目15-1), Miyagi, Japan. It is a 16-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 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 154 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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