Studio Condo for sale at 103 Condominium 2

(1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U274379
Studio Bedroom
1 Bathroom
24 SqM Size
3 Floor
Dec 1987 Completed

About This Condo

This property is a 24 SqM studio condo with 1 bathroom that is available for sale. It is part of the 103 Condominium 2 project in Suthep, Chiang Mai and was completed in Dec 1987. You can buy this condo for a base price of ฿1,310,000 (฿54,583/SqM).

Budget Studio Condominium in the heart of Nimman Rd.

The unit is 24 sqm. newly renovated studio apartment at 103 Condo 2. The place is fully furnished and fully equipped, perfectly fits for staying and investment. 103 Condominium 2 is located on Nimman 12 Lane, living in a quiet corner in the middle of everything, only 5 mins walk to 7-11, restaurants, food stalls, cafes, coffee shops, bars, coworking spaces.

Features

BalconyBalcony Fully RenovatedFully Renovated Renovated KitchenRenovated Kitchen Renovated BathroomRenovated Bathroom MicrowaveMicrowave TVTV

Basic Information

Date Listed Jan 13, 2020
Updated 3 years ago
Property Type Condo
Floor 3
Bedroom Studio
Size 24 SqM
Price per SqM ฿54,583
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) 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.
N/A
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U274379

Price Analysis

Great Price
Estimated market value ฿2,370,949
Great
฿2,210,000
Good
Fair
Above
฿2,570,000
Current asking Price: ฿1,310,000 | Rental estimate: ฿4,500/mo
This condo is ฿1,060,949 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.
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Investment Opportunity: Charges & Yield

Project Details

Project Name: 103 Condominium 2
Developer: N/A
Construction: Completed (Dec 1987)
Floors: 9
Buildings: N/A
Units: 120
Project Area: N/A
Nearest Landmark Maya Lifestyle Shopping Center - 0.8 Km
Location: Suthep, Chiang Mai
103 Condominium 2 Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
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Frequently Asked Questions

No pets are allowed at 103 Condominium 2 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from 103 Condominium 2 and it is 0.8 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 103 Condominium 2 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 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great project, not far from downtown
Maria Schwarz, Germany, 5 years ago
This building exterior looks pretty old, but the interior is the opposite as it was recently renovated. I stayed in a one-bedroom unit; the space is not large but well-arranged. Shame that there aren't facilities like other condos, such as fitness and swimming pool. However, it's acceptable considering its price. The project is not far from Chiang Mai city and residential area, so there are shops and restaurants nearby, which is so convenient.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby 103 Condominium 2

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
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
฿1.5M - ฿3.49M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.8M - ฿24M
▼ -33% underpriced
Monthly Rentals
฿7.99K - ฿89.9K
Year Built
Dec 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿5.59M - ฿5.99M
▼ -22.5% underpriced
Monthly Rentals
฿22K - ฿23K
Year Built
Nov 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿3.39M - ฿5.29M
Monthly Rentals
฿39.9K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
228
Sales Prices
฿4M
Monthly Rentals
฿14K - ฿15K
Year Built
Apr 2007
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
350
Sales Prices
฿3.6M - ฿12.5M
▼ -0.1% underpriced
Monthly Rentals
฿18K - ฿49.9K
Year Built
Mar 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
฿3.74M - ฿6.77M
▼ -20.7% underpriced
Monthly Rentals
฿20K - ฿21K
Year Built
Jan 2014
Completion Status
Completed
Project Name
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
฿2.89M
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
฿4.29M - ฿17M
▼ -30% underpriced
Monthly Rentals
฿28K
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
109
Sales Prices
฿6.19M
Monthly Rentals
N/A
Year Built
May 2009
Completion Status
Completed
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