Overview of Famirieeru Miyagino Higashikan (ファミリエール宮城野東館)
Famirieeru Miyagino Higashikan (ファミリエール宮城野東館) is a 31-year-old condominium located at Sendaishi Miyaginoku Dai Kaji 16-25 (仙台市宮城野区大梶16-25), Miyagi, Japan. Built in 1995, it comprises 60 units in a Reinforced Concrete (RC) structure. It was constructed by Andou Kensetsu (安藤建設).
Pricing & Floor Plans
Based on 26 past listings, prices have ranged from 1,020〜2,399万円 (approx. $68,000–$159,933 USD at ¥150/$).
Unit sizes range from 66.8–70.3 sqm (719–757 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).
Estimated price per sqm: ¥25.8万/sqm (approx. $1,718/sqm or $160/sqft).
Location & Neighborhood
The property is located at Sendaishi Miyaginoku Dai Kaji 16-25 (仙台市宮城野区大梶16-25), Miyagi, Japan. It is a 11-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
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 60 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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