Overview of Medekamanshon Katsura (メデカマンション桂)
Medekamanshon Katsura (メデカマンション桂) is a 24-year-old condominium located at Sendaishi Izumiku Katsura 1 Choume 17-7 (仙台市泉区桂1丁目17-7), Miyagi, Japan. Built in 2002, it comprises 121 units in a Reinforced Concrete (RC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 59 past listings, prices have ranged from 350〜1,300万円 (approx. $23,333–$86,667 USD at ¥150/$).
Unit sizes range from 49.8–57.8 sqm (536–622 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥9.7万/sqm (approx. $647/sqm or $60/sqft).
Location & Neighborhood
The property is located at Sendaishi Izumiku Katsura 1 Choume 17-7 (仙台市泉区桂1丁目17-7), 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 24 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 121 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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