3 Bedroom House for sale at M Place

4.33 (1 Review)
Saluang, Mae Rim,Chiang Mai
Unit ID: U59941
฿9,500,000 ฿11,000,000 Great Price
3 Bedrooms
3 Bathrooms
248 SqM Indoor Area
1 Storeys
Oct 2015 Completed

About This House

This property is a 248 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the M Place project in Saluang, Chiang Mai and was completed in Oct 2015. You can buy this house for a base price of ฿9,500,000 (฿38,306/SqM).

Features

Pool AccessPool Access Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen

Basic Information

Property Type House
Storeys 1
Location Saluang, Mae Rim, Chiang Mai
Bedrooms 3
Nearest Landmark Maerim Shooting Range -8 Km
Indoor Area 248 SqM
Price per SqM ฿38,306
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 1,000 SqM
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

Leasehold
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Company
Land Title Deed N/A
Construction Completed (Oct 2015)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Lake View, Mountain View, Park View, Pool View, Garden View
Unit Type N/A
Parking Spots 2
Pool Size 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.
N/A
Listed By
Private Owner
Date Listed Jan 5, 2018
Last Updated 8 months ago
Unit ID U59941

Price Analysis

Great Price
Estimated market value ฿15,727,906
Great
฿20,200,000
Good
Fair
Above
฿22,200,000
Current asking Price: ฿9,500,000
This house is ฿6,227,906 BELOW MARKET (-40%) in the Chiang Mai area. It is analyzed against similar houses 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
฿9,500,000
Rent
฿35,000/mo

Project Details

Project Name: M Place
Developer: N/A
Construction: Completed (Oct 2015)
Units: 11
Project Area: N/A
Nearest Landmark Maerim Shooting Range - 8 Km
Location: Saluang, Mae Rim, Chiang Mai
M Place Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse

Loan Calculator

Frequently Asked Questions

Maerim Shooting Range is the nearest Tourist Attraction from M Place and it is 8 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at M Place you have to follow these steps:

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


 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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

4.3 out of 5 4.33
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet, amazing location
4.3 Verified Visitor, 2 years ago
The view from the pool in this development has literally one of the best views in Thailand...sunsets over the mountains, with horses grazing in the adjacent field...amazing. Nice, quiet community...a lot of European retirees. Good sized, modern villas, looking out to a pond. A little far outside of town, but worth it to be this close to nature. Surrounded by rice paddies and mountains...Thailand doesn't get much prettier than this.
Chiang Mai
Saluang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby M Place

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Pavana Chiang Mai
Location
Saluang, Mae Rim, Chiang Mai
Number of units
40
Sales Prices
฿8.98M - ฿13M
Monthly Rentals
N/A
Year Built
Aug 2001
Completion Status
Completed
Project Name
Baan Chanyawan
Location
Saluang, Mae Rim, Chiang Mai
Number of units
68
Sales Prices
฿599K
Monthly Rentals
N/A
Year Built
Apr 2005
Completion Status
Completed
Location
Saluang, Mae Rim, Chiang Mai
Number of units
284
Sales Prices
฿2.89M - ฿2.98M
▼ -48% underpriced
Monthly Rentals
N/A
Year Built
Apr 2016
Completion Status
Completed
Project Name
Urban Maerim
Location
Saluang, Mae Rim, Chiang Mai
Number of units
34
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฿3.36M - ฿18.3M
▲ 2.7% overpriced
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N/A
Year Built
Dec 2016
Completion Status
Completed
Location
Saluang, Mae Rim, Chiang Mai
Number of units
24
Sales Prices
฿63.8M - ฿140M
▲ 20.3% overpriced
Monthly Rentals
N/A
Year Built
Dec 2010
Completion Status
Completed
Project Name
Impress
Location
Saluang, Mae Rim, Chiang Mai
Number of units
40
Sales Prices
฿12M - ฿23.9M
▼ -28% underpriced
Monthly Rentals
฿54.9K
Year Built
Aug 2017
Completion Status
Completed
Location
Saluang, Mae Rim, Chiang Mai
Number of units
139
Sales Prices
฿6.48M - ฿79.8M
▼ -39% underpriced
Monthly Rentals
฿120K - ฿150K
Year Built
Feb 2006
Completion Status
Completed
Project Name
Malada Maerim
Location
Saluang, Mae Rim, Chiang Mai
Number of units
81
Sales Prices
฿3.67M - ฿11.1M
▲ 1.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2019
Completion Status
Completed
Project Name
Maesa Baan Doi
Location
Saluang, Mae Rim, Chiang Mai
Number of units
N/A
Sales Prices
฿12M
▼ -5% underpriced
Monthly Rentals
N/A
Year Built
Apr 1999
Completion Status
Completed
Location
Saluang, Mae Rim, Chiang Mai
Number of units
104
Sales Prices
฿4.7M - ฿7M
▲ 2.3% overpriced
Monthly Rentals
N/A
Year Built
Dec 2020
Completion Status
Made To Order
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