Overview of Roiyaruparesu Izumichuuou (ロイヤルパレス泉中央)
Roiyaruparesu Izumichuuou (ロイヤルパレス泉中央) is a 33-year-old condominium located at Sendaishi Izumiku Izumichuuou 3 Choume 3-4 (仙台市泉区泉中央3丁目3-4), Miyagi, Japan. Built in 1993, it comprises 26 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kyouritsu Kensetsu (共立建設).
Pricing & Floor Plans
Based on 30 past listings, prices have ranged from 1,380〜2,599万円 (approx. $92,000–$173,267 USD at ¥150/$).
Unit sizes range from 58.9–66.4 sqm (634–715 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥32.5万/sqm (approx. $2,165/sqm or $201/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Izumichuuou 3 Choume 3-4 (仙台市泉区泉中央3丁目3-4), Miyagi, Japan. It is a 8-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 33 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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