Executive Residence 4

3.57 (5 Reviews)

Nong Prue, Pattaya, Chon Buri

Unit ID: U166245
5% Rental Yield
฿4,200,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
82 SqM Size
Floors
6 Floor
Construction
Sep 2010 Completed

1 Bedroom Condo for sale at Executive Residence 4

This property is a 82 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Executive Residence 4 project in Nong Prue, Pattaya and was completed in Sep 2010. You can buy this condo for a base price of ฿4,200,000 (฿51,220/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 82 SqM
Price per SqM ฿51,220
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
Unfurnished
View(s) Sea View, Park 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.
฿2,624/mo
Listed By
Private Owner
Date Listed Jun 7, 2019
Last Updated 2 years ago
Unit ID U166245

Price Analysis

Great Price
Estimated market value ฿7,460,696
Great
฿4,490,000
Good
Fair
Above
฿4,630,000
Current asking Price: ฿4,200,000 | Rental estimate: ฿18,800/mo
This condo is ฿3,260,696 BELOW MARKET (-44%) 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.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿4,200,000
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.
฿2,624/mo
Est. Rent
฿18,800/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.
19
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 1 bedroom condos at Executive Residence 4 , and the current sales price.
5%

Project Details

Project Name: Executive Residence 4
Developer: McInnes Corporation
Construction: Completed (Sep 2010)
Floors: 7
Buildings: 1
Units: 33
Project Area: 1,800 SqM
Nearest Landmark Cozy Beach - 0.7 Km
Location: Nong Prue, Pattaya, Chon Buri
Executive Residence 4 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
BBQ Area BBQ Area
Communal Garden Area Communal Garden Area

Popular Facilities at Executive Residence 4

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Executive Residence 4

For Sale 4 For Rent 1
Get notified when new homes are being added to Executive Residence 4

Loan Calculator

Frequently asked questions

No pets are allowed at Executive Residence 4 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 ฿32 per square meter based on the size of indoor area of the property and is ฿2,624 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.
Cozy Beach is the nearest Beach from Executive Residence 4 and it is 0.7 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 Executive Residence 4 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

3.6 out of 5 3.57
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Ready-to-move-in condo in great location
4.5 Hertha Cost, Canada, 2 years ago
Inexpensive condo considering its price per square meter. The room I stayed in is a spacious one-bedroom unit with full furniture, so it’s ready-to-move-in. There aren’t many units in the project, so the privacy is high and not busy. The pool is not very big, but enough for residents. Also, the condo is not far from Cozy Beach, but not within walking distance. It is only a 5-minute driving.
Prime location in Pattaya
3.3 Juliet Abeita, Mexico, 2 years ago
I have been buying a room in this condo for a long time and stayed for a while on vacation. The room I bought is a 2-bedroom unit. The size of 103 square meters is quite spacious. In terms of the construction, it is of a good standard. There is also a common area to use, including swimming pools, the gym, and car parking spaces. The location is excellent because it is close to Jomtien Beach, Pattaya Beach, Bali Hai Pier, and Walking Street. I will say that this place sells for a price. Someone offered a very good price to buy. Therefore, this project can be bought for speculation.
I think it is suitable for residents who love privacy!!
2.7 Chris Clonts, United Kingdom, 2 years ago
The building is quite old and in an alley that is too quiet. If going to other places, it's quite difficult because no buses are passing through this neighborhood. Here is an interesting condo for you if you like to escape from the hustle and bustle and noisy sounds. Even if the location is a bit dangerous, there is a 7-Eleven near the condo and just a 5-minute walk there. The first we moved in, the room was fully furnished and ready to move in. I think it is suitable for residents who love privacy!!
Great value and relax comfortably
4 Wehada W., Canada, 3 years ago
It is a beautiful condo with a good swimming pool and many leisure corners near the pool. The project location is good and close to Cozy Beach within 2 minutes and non-crowded. Anyway, it is easily accessible everywhere as the location is close to the main road. The project owner and the staff here are helpful. The room I rented was 1 bedroom, a bit old. The building was old and out-of-date, but it is worth investing in as it is close to the beach.
Simple and not crowded
3.3 Odis Clapper, Canada, 3 years ago
A simple condominium that is not luxurious but simple. It offers high privacy in a tranquil atmosphere, suitable for people who do not like the hustle and bustle of Pattaya beach. There is a small number of units. The building is quite old, but the room was spacious with a balcony. There are lifts and private parking for the residents. Located in the Pratumnak area. There is a convenience store nearby, about 5 minutes away from Cozy Beach.

Pattaya

Nong Prue

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