Overview of Raionzumanshon Kokubunchou (ライオンズマンション国分町)
Raionzumanshon Kokubunchou (ライオンズマンション国分町) is a 41-year-old condominium located at Sendaishi Aobaku Kokubunchou 3 Choume 4-15 (仙台市青葉区国分町3丁目4-15), Miyagi, Japan. Built in 1985, it comprises 58 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Toukaikougyou (東海興業).
Pricing & Floor Plans
Based on 65 past listings, prices have ranged from 430〜1,680万円 (approx. $28,667–$112,000 USD at ¥150/$).
Unit sizes range from 19.1–47.5 sqm (206–511 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: ¥26.1万/sqm (approx. $1,737/sqm or $161/sqft).
Location & Neighborhood
The property is located at Sendaishi Aobaku Kokubunchou 3 Choume 4-15 (仙台市青葉区国分町3丁目4-15), 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 41 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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