Overview of Raionzumanshon Aramachi Daini (ライオンズマンション荒町第２)
Raionzumanshon Aramachi Daini (ライオンズマンション荒町第２) is a 35-year-old condominium located at Sendaishi Wakabayashiku Aramachi 26 (仙台市若林区荒町26), Miyagi, Japan. Built in 1991, it comprises 38 units in a Reinforced Concrete (RC) structure. It was constructed by Taiboku Kensetsu (大木建設).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 480〜3,980万円 (approx. $32,000–$265,333 USD at ¥150/$).
Unit sizes range from 27.7–146.3 sqm (298–1575 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), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥16.1万/sqm (approx. $1,073/sqm or $100/sqft).
Location & Neighborhood
The property is located at Sendaishi Wakabayashiku Aramachi 26 (仙台市若林区荒町26), Miyagi, Japan. It is a 8-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 35 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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