Overview of Neohaitsu Takasago Eki Higashi (ネオハイツ高砂駅東)
Neohaitsu Takasago Eki Higashi (ネオハイツ高砂駅東) is a 38-year-old condominium located at Sendaishi Miyaginoku Fuku Shitsu 2 Choume 8-11 (仙台市宮城野区福室2丁目8-11), Miyagi, Japan. Built in 1988, it comprises 113 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Asanuma Kumi , Sumitomokensetsu (浅沼組、 住友建設).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 950〜2,299万円 (approx. $63,333–$153,267 USD at ¥150/$).
Unit sizes range from 62.0–84.3 sqm (667–907 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Fuku Shitsu 2 Choume 8-11 (仙台市宮城野区福室2丁目8-11), Miyagi, Japan. It is a 3-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 38 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 113 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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