Overview of Raionzumanshon Yamato Daisan (ライオンズマンション大和第３)
Raionzumanshon Yamato Daisan (ライオンズマンション大和第３) is a 39-year-old condominium located at Sendaishi Wakabayashiku Yamatochou 5 Choume 28-5 (仙台市若林区大和町5丁目28-5), Miyagi, Japan. Built in 1987, it comprises 48 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 1,280〜2,590万円 (approx. $85,333–$172,667 USD at ¥150/$).
Unit sizes range from 64.8–97.9 sqm (698–1054 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), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3SDK (3-bedroom w/ dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥26.3万/sqm (approx. $1,751/sqm or $163/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Yamatochou 5 Choume 28-5 (仙台市若林区大和町5丁目28-5), Miyagi, Japan. It is a 9-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 39 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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