The Resort Condominium

5 (1 Review)

Chang Phueak, Mueang Chiang Mai,Chiang Mai

Unit ID: U897336
5% Rental Yield
฿4,500,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
73 SqM Size
Floors
2 Floor
Construction
Aug 2013 Completed

1 Bedroom Condo for sale at The Resort Condominium

This property is a 73 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Resort Condominium project in Chang Phueak, Chiang Mai and was completed in Aug 2013. You can buy this condo for a base price of ฿4,500,000 (฿61,644/SqM) and it is also available for long term rentals starting from ฿20,000 per month.

Luxury Condo with Mountain and Pool Views

Spacious, Modern, Western Style Kitchen, Swimming Pool, Gym and Great Location

Features

BalconyBalcony BathtubBathtub Washing MachineWashing Machine MicrowaveMicrowave

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 73 SqM
Price per SqM ฿61,644
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%.

Foreign 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) Mountain View, Pool 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.
฿2,190/mo
Listed By
Private Owner
Date Listed May 24, 2021
Last Updated 3 months ago
Unit ID U897336

Price Analysis

Great Price
Estimated market value ฿8,176,438
Great
฿5,380,000
Good
Fair
Above
฿5,520,000
Current asking Price: ฿4,500,000 | Advertised rental rate: ฿20,000/mo
This condo is ฿3,676,438 BELOW MARKET (-45%) in the Chiang Mai 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,500,000
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.
฿2,190/mo
Rent
฿20,000/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.
19
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
5%

Project Details

Developer: Quality Condominium
Construction: Completed (Aug 2013)
Floors: 7
Buildings: 1
Units: 74
Project Area: 8,000 SqM
Nearest Landmark Chiang Mai Bus Terminal 1 - 3.4 Km
Location: Chang Phueak, Mueang Chiang Mai, Chiang Mai
The Resort Condominium Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Key card access Key card access

Popular Facilities at The Resort Condominium

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor

Available Units at The Resort Condominium

For Sale 4 For Rent 3
Get notified when new homes are being added to The Resort Condominium

Loan Calculator

Frequently asked questions

No pets are allowed at The Resort Condominium 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 ฿30 per square meter based on the size of indoor area of the property and is ฿2,190 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.
Chiang Mai Bus Terminal 1 is the nearest Bus Terminal from The Resort Condominium and it is 3.4 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 The Resort Condominium 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

Do you own a property at The Resort Condominium ?

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Reviews

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Very quiet and cozy
5 Benjamin 11, United States, 9 months ago
It is a cozy condo with a quiet atmosphere and is suitable for relaxation. From the room, it overlooks the beautiful Doi Suthep view. Just open the balcony to let in the morning breeze and the fresh air. There is a common area for the residents to use, such as a swimming pool, gym, garden, sauna, and ample parking. The building design is also unique, designed every room is not facing each other, which I think is very good for people who love privacy. Besides, there are not many people living here, and most of the residents are foreigners. In addition, the location is the best, not as bustling as Chiang Mai City, which takes only 5 minutes there if the traffic is not jammed. Excellent!

Chiang Mai

Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

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