Unit ID: U1916208
6% Rental Yield
Suthep, Mueang Chiang Mai,Chiang Mai
$107,000
2 Bedrooms
2
Bathrooms
947 Sqft
Size
3
Floor
Dec 2009
Completed

About This Condo

This property is a 947 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Dec 2009. You can buy this condo for a base price of $107,000 ($113/Sqft).

Condo for Sale: Prime Nimman Location 88 SQM.

88 SQM. with Free Parking | Key Card Access Experience the epitome of modern living in this stunning 2-bedroom, 2-bathroom condo. Enjoy a spacious layout, complete with high-end furnishings and appliances, including:

  • King-sized bed and mattress
  • Ample wardrobe space
  • Elegant dressing table
  • Air conditioning
  • Dining table
  • Smart TV with stand
  • Refrigerator
  • Stylish lighting
  • Kitchen sink
  • Home office desk
  • Microwave and electric stove
  • Water heater

Prime Location: Located in the heart of Nimman, this condo is within walking distance of:

  • One Nimman
  • Think Park
  • Kad Ton Payom Market
  • Maharaj Nakorn Chiang Mai Hospital
  • Maya Lifestyle Shopping Center
  • Kad Chiang Doi Market
  • Chiang Mai University
  • Rajamangala University of Technology Lanna

Investment Opportunity: With its prime location near Chiang Mai University and the vibrant Nimman neighborhood, this condo is an ideal investment. Rent to students or short-term travelers through Airbnb and enjoy a steady income stream. 

  • 50/50 split of transfer fees
  • Schedule a viewing today!

Basic Information

Date Listed Aug 23, 2024
Updated 2 months ago
Property Type Condo
Floor 3
Bedrooms 2
Size 947 Sqft
Price per Sqft $113
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

Foreign Quota, 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.
$76/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1916208

Investment Opportunity: Charges & Yield

Sale Price
$107,000
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.
$76/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.
17
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 Hillside 3 Condominium, and the current sales price.
6%

Project Details

Project Name: Hillside 3 Condominium
Developer: N/A
Construction: Completed (Dec 2009)
Floors: 10
Buildings: N/A
Units: 370
Project Area: N/A
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.2 Km
Location: Suthep, Chiang Mai
Hillside 3 Condominium 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
Reception / Lobby Area Reception / Lobby Area

Available Units at Hillside 3 Condominium

For Sale 12 For Rent 6
Get notified when new homes are being added to Hillside 3 Condominium
View All (12)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Hillside 3 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 $1 per square meter based on the size of indoor area of the property and is $76 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.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from Hillside 3 Condominium and it is 0.2 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 Hillside 3 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

Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Amazing location
Emma Lee, China, 5 years ago
This location can be described in a single word: amazing!!! Because it is surrounded by all of the amenities and is easily accessible. There are convenience stores, shops, and famous restaurants nearby. It's not difficult to find something to eat. I didn't expect it to be this comfortable when I first moved here. I only knew it as a well-known area. Unfortunately, the project is an old building. What's more, some equipment deteriorates over time. Residents can access a fitness center, a swimming pool, a garden, and parking. The staff is nice and welcoming. The neighbors are lovely too. I'm no issues with the rented room. The owner renovates a large set, like getting a brand new in the city center. Superb!
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Hillside 3 Condominium

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
79
Sales Prices
$93.2K - $172.65K
▼ -11% underpriced
Monthly Rentals
$575 - $691
Year Built
Nov 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
228
Sales Prices
$54.38K
Monthly Rentals
$403
Year Built
Apr 2007
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
$97.83K - $431.62K
Monthly Rentals
$1.44K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
$51.51K - $100.42K
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
350
Sales Prices
$103.59K - $359.68K
▼ -3.3% underpriced
Monthly Rentals
$518 - $1.44K
Year Built
Mar 2015
Completion Status
Completed
Project Name
103 Condominium 2
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
$45.75K - $77.4K
Monthly Rentals
$129
Year Built
Dec 1987
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
$99.27K - $195.22K
▼ -22.7% underpriced
Monthly Rentals
$374 - $1.29K
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
$77.4K
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
$100.68K - $489.17K
▼ -31.5% underpriced
Monthly Rentals
$806 - $863
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
109
Sales Prices
$89.2K - $178.4K
Monthly Rentals
$432 - $719
Year Built
May 2009
Completion Status
Completed
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