2 Bedroom Condo for sale at Serene Lake North 1

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Mae Hia, Mueang Chiang Mai,Chiang Mai
Unit ID: U61194
2 Bedrooms
1 Bathroom
50 SqM Size
5 Floor
Jan 2013 Completed

About This Condo

This property is a 50 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the Serene Lake North 1 project in Mae Hia, Chiang Mai and was completed in Jan 2013. You can buy this condo for a base price of ฿3,500,000 (฿70,000/SqM).

Features

Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Jan 15, 2018
Updated 3 years ago
Property Type Condo
Floor 5
Bedrooms 2
Size 50 SqM
Price per SqM ฿70,000
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%.

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) Mountain 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.
฿3,000/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U61194

Price Analysis

Great Price
Estimated market value ฿4,552,000
Great
฿3,280,000
Good
Fair
Above
฿3,590,000
Current asking Price: ฿3,500,000 | Rental estimate: ฿15,000/mo
This condo is ฿1,052,000 BELOW MARKET (-23%) 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.
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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.
฿3,000/mo

Project Details

Project Name: Serene Lake North 1
Developer: Land and Houses
Construction: Completed (Jan 2013)
Floors: 7
Buildings: N/A
Units: 69
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 2.5 Km
Location: Mae Hia, Chiang Mai
Serene Lake North 1 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Tennis Court Tennis Court
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Frequently Asked Questions

No pets are allowed at Serene Lake North 1 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 for properties at Serene Lake North 1 is a fixed amount of ฿3,000. This amount 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 International Airport is the nearest Airport from Serene Lake North 1 and it is 2.5 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 Serene Lake North 1 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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Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Price Rating : Fair Price

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Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

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