1 Bedroom Condo for sale at Modiz Ratchada 32

4.67 (1 Review)
Chomphon, Chatuchak,Bangkok
Unit ID: U154747
5% Rental Yield
฿3,390,000 Great Price
1 Bedroom
1 Bathroom
34.62 SqM Size
5 Floor
Apr 2019 Completed

About This Condo

This property is a 34.62 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Modiz Ratchada 32 project in Chomphon, Bangkok and was completed in Apr 2019. You can buy this condo for a base price of ฿3,390,000 (฿97,920/SqM).

Features

BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Property Type Condo
Floor 5
Bedroom 1
Size 34.62 SqM
Price per SqM ฿97,920
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Thai Quota
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Golf Course View, City View
Unit Type N/A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,558/mo
Listed By
Private Owner
Date Listed Mar 2, 2019
Last Updated 2 years ago
Unit ID U154747

Price Analysis

Good Price
Estimated market value ฿3,486,814
Great
฿2,630,000
Good
Fair
Above
฿3,940,000
Current asking Price: ฿3,390,000 | Rental estimate: ฿14,200/mo
This condo is ฿96,814 BELOW MARKET (-3%) in the Bangkok area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿3,390,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,558/mo
Est. Rent
฿14,200/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
20
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Modiz Ratchada 32, and the current sales price.
5%

Project Details

Project Name: Modiz Ratchada 32
Developer: N/A
Construction: Completed (Apr 2019)
Floors: 8
Buildings: N/A
Units: 191
Project Area: N/A
Nearest Landmark Lat Phrao MRT - 1 Km
Location: Chomphon, Chatuchak, Bangkok
Modiz Ratchada 32 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Modiz Ratchada 32

For Sale 3 For Rent 1
Get notified when new homes are being added to Modiz Ratchada 32

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Frequently Asked Questions

No pets are allowed at Modiz Ratchada 32 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿1,558 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Modiz Ratchada 32 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Lat Phrao MRT is the nearest MRT Station from Modiz Ratchada 32 and it is 1 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Modiz Ratchada 32 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The new condo in a great location
4.7 Marcos R., Germany, 2 years ago
It is a luxury condo in the Ratchada area, close to many Skytrain lines, as you can choose based on your conveniences, but I recommend choosing Ratchayothin BTS Station as the destination station. Besides that, it is close to several well-known shopping malls that make my life much easier. Moreover, the project is contemporary, furnished with high-quality furniture, and equipped with a Home Automation system. There are 3 types of rooms to choose from according to lifestyles. I live alone, but I want a separate working room, so I bought a 1 bedroom Plus unit. There are numerous facilities, such as the swimming pool, lounge, fitness center, garden, pavilion, and other facilities. I believe it is well worth the price you pay.
Bangkok
Chomphon

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Modiz Ratchada 32

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Completion Status
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Chomphon, Chatuchak, Bangkok
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฿14.5K - ฿19K
Year Built
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Completed
Location
Chomphon, Chatuchak, Bangkok
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Completed
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Chomphon, Chatuchak, Bangkok
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Completed
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Number of units
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Monthly Rentals
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Completion Status
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