Overview of Raionzumanshon Kimachi (ライオンズマンション木町)
Raionzumanshon Kimachi (ライオンズマンション木町) is a 29-year-old condominium located at Sendaishi Aobaku Kimachi 2-7 (仙台市青葉区木町2-7), Miyagi, Japan. Built in 1997, it comprises 42 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Takenakakoumuten (竹中工務店).
Pricing & Floor Plans
Based on 7 past listings, prices have ranged from 1,980〜3,480万円 (approx. $132,000–$232,000 USD at ¥150/$).
Unit sizes range from 59.2–96.5 sqm (637–1039 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥40.9万/sqm (approx. $2,727/sqm or $253/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Kimachi 2-7 (仙台市青葉区木町2-7), Miyagi, Japan. It is a 14-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 29 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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