Overview of Asahi Puraza Ekimae Toori (朝日プラザ駅前通)
Asahi Puraza Ekimae Toori (朝日プラザ駅前通) is a 35-year-old condominium located at Shiogama Shi Sakuragaoka 10-25 (塩竈市桜ケ丘10-25), Miyagi, Japan. Built in 1991, it comprises 50 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Itouchuushouji , Nihonkokudokaihatsu (伊藤忠商事、 日本国土開発).
Pricing & Floor Plans
Based on 34 past listings, prices have ranged from 700〜1,850万円 (approx. $46,667–$123,333 USD at ¥150/$).
Unit sizes range from 48.9–106.1 sqm (526–1142 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥20.1万/sqm (approx. $1,341/sqm or $125/sqft).
Location & Neighborhood
The property is located at Shiogama Shi Sakuragaoka 10-25 (塩竈市桜ケ丘10-25), 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 35 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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