Overview of Naisuaaban Minami Sendai 1 (ナイスアーバン南仙台１)
Naisuaaban Minami Sendai 1 (ナイスアーバン南仙台１) is a 32-year-old condominium located at Sendaishi Taihakuku Yagyuu 4 Choume 18-1 (仙台市太白区柳生4丁目18-1), Miyagi, Japan. Built in 1994, it comprises 57 units in a Reinforced Concrete (RC) structure. It was constructed by Kounoike Kumi (鴻池組).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 1,080〜2,199万円 (approx. $72,000–$146,600 USD at ¥150/$).
Unit sizes range from 54.7–63.7 sqm (589–686 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥35.2万/sqm (approx. $2,349/sqm or $218/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Yagyuu 4 Choume 18-1 (仙台市太白区柳生4丁目18-1), Miyagi, Japan. It is a 20-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 32 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 57 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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