Overview of Daiaparesuakosuto Iwanuma 2 (ダイアパレスアコスト岩沼２)
Daiaparesuakosuto Iwanuma 2 (ダイアパレスアコスト岩沼２) is a 31-year-old condominium located at Iwanumashi Sakaemachi 1 Choume 1-15 (岩沼市栄町1丁目1-15), Miyagi, Japan. Built in 1995, it comprises 105 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 37 past listings, prices have ranged from 780〜2,150万円 (approx. $52,000–$143,333 USD at ¥150/$).
Unit sizes range from 55.7–73.3 sqm (600–789 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥24.5万/sqm (approx. $1,633/sqm or $152/sqft).
Location & Neighborhood
The property is located at Iwanumashi Sakaemachi 1 Choume 1-15 (岩沼市栄町1丁目1-15), Miyagi, Japan. It is a 4-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 105 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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