2 Bedroom Condo for sale at Metro Jomtien Condotel

(1 Review)
Pattaya, Chon Buri, Thailand
Unit ID: U165244
4% Rental Yield
2 Bedrooms
2 Bathrooms
232 SqM Size
30 Floor
Dec 1987 Completed

About This Condo

This property is a 232 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Metro Jomtien Condotel project in Pattaya, Chon Buri and was completed in Dec 1987. You can buy this condo for a base price of ฿13,900,000 (฿59,914/SqM).

Features

BeachfrontBeachfront Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Oct 9, 2019
Updated 3 years ago
Property Type Condo
Floor 30
Bedrooms 2
Size 232 SqM
Price per SqM ฿59,914
Pets Not Allowed
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) Sea View, Mountain View, City View, Pool View, Garden View, Blocked 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.
฿5,800/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U165244

Price Analysis

Great Price
Estimated market value ฿16,497,533
Great
฿14,700,000
Good
Fair
Above
฿17,100,000
Current asking Price: ฿13,900,000 | Rental estimate: ฿43,500/mo
This condo is ฿2,597,533 BELOW MARKET (-16%) in the Pattaya 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

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.
฿5,800/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.
27
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 2 bedroom condos at Metro Jomtien Condotel, and the current sales price.
4%

Project Details

Project Name: Metro Jomtien Condotel
Developer: N/A
Construction: Completed (Dec 1987)
Floors: 44
Buildings: N/A
Units: 552
Project Area: N/A
Nearest Landmark Jomtien Beach South
Location: Pattaya, Pattaya
Metro Jomtien Condotel Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Tennis Court Tennis Court
Reception / Lobby Area Reception / Lobby Area
Outdoor Kids Zone Outdoor Kids Zone
Communal Garden Area Communal Garden Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
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This condo was reserved by another buyer but check out these similar properties

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Get notified when new homes are being added to Metro Jomtien Condotel
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Frequently Asked Questions

No pets are allowed at Metro Jomtien Condotel 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 ฿25 per square meter based on the size of indoor area of the property and is ฿5,800 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.
Jomtien Beach South is the nearest Beach from Metro Jomtien Condotel and it is 0 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 Metro Jomtien Condotel 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
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FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
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FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Luxury high-rise old condo, next to Jomtien Beach with spectacular sea view
Shella Lumley, Turkey, 14 years ago
I inherited it from my mother since her death late last year. And she bought a vacation condo here, size two bedrooms, two bathrooms, then room area should be about 150 sq m. So, the condo and the rooms here are lovely. It's an old condo that was completed over 20 years, but it's still new and well maintained. Getting around is convenient because the front of the condo is on the main road. Minibusses and motorcycle taxis are running through all the time. This neighborhood is near the restaurant. Many convenience stores open 24 hours a day. So, whenever you are hungry, you walk out of the condo. My kids like it very much because there is a very large communal swimming pool to swim in all day, and people are not crowded. As for me, I enjoy tennis courts and the gym because I always like to exercise and take care of myself. For the staff here, they speak sweetly in multiple languages, which I feel warm every time I come back here. But this time, I moved here permanently because I intend to do a new business in Pattaya too.
Pattaya

Neighborhood Overview

Location and Neighborhood

Street View

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