Baan Karnkanok 12

5 (1 Review)

Nong Phueng, Saraphi,Chiang Mai

Unit ID: U896818
7% Rental Yield
฿3,700,000 Great Price
Bedroom
3 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
180 SqM Indoor Area
Stairs
2 Storeys
Construction
Aug 2018 Completed

3 Bedroom House for sale at Baan Karnkanok 12

This property is a 180 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Baan Karnkanok 12 project in Nong Phueng, Chiang Mai and was completed in Aug 2018. You can buy this house for a base price of ฿3,700,000 (฿20,556/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Washing MachineWashing Machine

Basic Information

Property Type House (Single Detached)
Storeys 2
Location Nong Phueng, Saraphi, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -2 Km
Indoor Area 180 SqM
Price per SqM ฿20,556
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 56 SqM
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed N/A
Construction Completed (Aug 2018)
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) Unblocked Open View
Unit Type N/A
Parking Spots N/A
Pool Size 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
Private Owner
Date Listed May 20, 2021
Last Updated 5 months ago
Unit ID U896818

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿4,551,334
Great
฿4,310,000
Good
Fair
Above
฿5,100,000
Current asking Price: ฿3,700,000 | Rental estimate: ฿21,500/mo
This house is ฿851,334 BELOW MARKET (-19%) in the Chiang Mai area. It is analyzed against similar houses 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
฿3,700,000
Est. Rent
฿21,500/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.
14
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 3 bedroom houses at Baan Karnkanok 12, and the current sales price.
7%

Project Details

Project Name: Baan Karnkanok 12
Construction: Completed (Aug 2018)
Units: 315
Project Area: 121,470 SqM
Nearest Landmark Promenada Chiang Mai - 2 Km
Location: Nong Phueng, Saraphi, Chiang Mai
Baan Karnkanok 12 Project Details

Project Features

Hotel Managed Hotel Managed
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

Loan Calculator

Frequently asked questions

All kind of pets are allowed at Baan Karnkanok 12 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Promenada Chiang Mai is the nearest Shopping Mall from Baan Karnkanok 12 and it is 2 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Baan Karnkanok 12 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer


 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good atmosphere.
5 Krittiyot J, Thailand, 2 years ago
I have the opportunity to visit the model house. The atmosphere here is shady and has a huge area. I'm okay with the surroundings. Nice house, modern design with three bedrooms and privately gated. The house has some furniture, which looks strong and durable. The clubhouse is large. There is a swimming pool, a fitness center, and children's play areas as well. Personally, the location is very convenient. I can travel to the city in 5 minutes. Next to the project, there are many shops. If you want to go to Chiang Mai International Airport, it only takes about 15 minutes.

Chiang Mai

Nong Phueng

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Baan Karnkanok 12

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