Overview of Raifupuraza Tagajou (ライフプラザ多賀城)
Raifupuraza Tagajou (ライフプラザ多賀城) is a 31-year-old condominium located at Tagajoushi Machi Mae 3 Choume 2-6 (多賀城市町前3丁目2-6), Miyagi, Japan. Built in 1995, it comprises 68 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toda Kensetsu (戸田建設).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 920〜2,090万円 (approx. $61,333–$139,333 USD at ¥150/$).
Unit sizes range from 64.5–72.7 sqm (694–783 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥14.2万/sqm (approx. $945/sqm or $88/sqft).
Location & Neighborhood
The property is located at Tagajoushi Machi Mae 3 Choume 2-6 (多賀城市町前3丁目2-6), 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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 68 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.
Analyze this property's fair price and negotiation room for free at RE:public.