Overview of Raionzumanshon Aobadoori Daini (ライオンズマンション青葉通第２)
Raionzumanshon Aobadoori Daini (ライオンズマンション青葉通第２) is a 39-year-old condominium located at Sendaishi Aobaku Oomachi 1 Choume 2-17 (仙台市青葉区大町1丁目2-17), Miyagi, Japan. Built in 1987, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kounoike Kumi , Kokune Kensetsu (鴻池組、 古久根建設).
Pricing & Floor Plans
Based on 73 past listings, prices have ranged from 350〜1,280万円 (approx. $23,333–$85,333 USD at ¥150/$).
Unit sizes range from 19.3–53.5 sqm (208–576 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 1K (1-bedroom w/ kitchen), 1R (Studio), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥21.8万/sqm (approx. $1,451/sqm or $135/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Oomachi 1 Choume 2-17 (仙台市青葉区大町1丁目2-17), Miyagi, Japan. It is a 5-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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 58 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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