Overview of Rekkusuhaimu Izumichuuou (レックスハイム泉中央)
Rekkusuhaimu Izumichuuou (レックスハイム泉中央) is a 28-year-old condominium located at Sendaishi Izumiku Izumichuuou 1 Choume 2-8 (仙台市泉区泉中央1丁目2-8), Miyagi, Japan. Built in 1998, it comprises 46 units in a Reinforced Concrete (RC) structure. It was constructed by Nippon Kensetsu (日本建設).
Pricing & Floor Plans
Based on 35 past listings, prices have ranged from 1,900〜3,480万円 (approx. $126,667–$232,000 USD at ¥150/$).
Unit sizes range from 68.6–85.1 sqm (738–916 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-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: ¥34.7万/sqm (approx. $2,314/sqm or $215/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Izumichuuou 1 Choume 2-8 (仙台市泉区泉中央1丁目2-8), Miyagi, Japan. It is a 4-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 28 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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