The Masterpiece Scenery Hill

4.28 (3 Reviews)

Nam Phrae, Hang Dong,Chiang Mai

Unit ID: U645772
Sold Great Price
Bedroom
3 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
170 SqM Indoor Area
Stairs
2 Storeys
Construction
Aug 2017 Completed

3 Bedroom House for sale at The Masterpiece Scenery Hill

This property is a 170 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the The Masterpiece Scenery Hill project in Nam Phrae, Chiang Mai and was completed in Aug 2017. You can buy this house for a base price of ฿6,200,000 (฿36,471/SqM).

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type House
Storeys 2
Location Nam Phrae, Hang Dong, Chiang Mai
Bedrooms 3
Nearest Landmark Hang Dong District Municipal Food Market -2.3 Km
Indoor Area 170 SqM
Price per SqM ฿36,471
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 208 SqM
House Ownership

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

Thai Ownership, Company
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, Company
Land Title Deed N/A
Construction Completed (Aug 2017)
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) Garden View
Unit Type MP4
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.
฿832/mo
Listed By
Developer
Date Listed Dec 9, 2020
Last Updated 9 months ago
Unit ID U645772

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿8,734,583
Great
฿4,410,000
Good
Fair
Above
฿6,990,000
Current asking Price: ฿6,200,000
This house is ฿2,534,583 BELOW MARKET (-29%) 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.
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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.
฿832/mo

Project Details

Construction: Completed (Aug 2017)
Units: 257
Project Area: 151,385 SqM
Nearest Landmark Hang Dong District Municipal Food Market - 2.3 Km
Location: Nam Phrae, Hang Dong, Chiang Mai
The Masterpiece Scenery Hill 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
Communal Garden Area Communal Garden Area

Popular Facilities at The Masterpiece Scenery Hill

  • Communal Pool
    Ground Floor
  • Outdoor Kids Zone
    Ground Floor
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
1st Installment
Upon contract signing
10%
2nd Installment
On handover
90%

Frequently asked questions

All kind of pets are allowed at The Masterpiece Scenery Hill including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿4 per square meter based on the plot size of the property and is ฿832 for this house. 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.
Hang Dong District Municipal Food Market is the nearest Market from The Masterpiece Scenery Hill and it is 2.3 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 The Masterpiece Scenery Hill you have to follow these steps:

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

Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
1st Installment
Upon contract signing
10%
2nd Installment
On handover
90%

 

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

4.3 out of 5 4.28
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
I'm happy with the place.
5 Josh G., United States, 2 years ago
I love the atmosphere of this village because it's calm and private. My house has 3 bedrooms with a spacious living area. It didn't come with a furniture package, a small garden but big enough for my dog. The project is on the main road, so it's quite convenient to travel. You don't need to worry about noise pollution because the traffic is not hectic. I'm happy with the place.
The village is in the Hang Dong area, a spacious area and has a clubhouse.
3.5 Christopher Brooks, Germany, 2 years ago
I have been married to my wife for 2 years and moved here because of her hometown. She chose this neighborhood because it was quiet and recommended by friends. At first, I didn't like it here because I thought it was too far from the city. The house project here is located in Hang Dong district. If going to the city, it will take quite a long time. After a while, I became used to it. Moreover, there are many convenience stores. The common area has a swimming pool and a clubhouse as well. The villa that we live in is a 2-story house with 3 bedrooms, spacious and well designed come with 2 car parking spaces !!
Quiet and comfortable, amid nature
4.3 Bunthita D., Thailand, 3 years ago
It is a housing project that has a very peaceful and private environment suitable for relaxing, living, or as a vacation home. The project surrounding area is very shady and pleasant. My family and I love the project location very much. It’s calm, shady, amidst nature in the Hang Dong area. Also, a lot of space around the house can raise pets. The house interior is decorated to give warmth with a classic Thai style that is perfectly designed. The facilities are also complete, and the kitchen is suitable for the home. The Masterpiece Project Scenery Hill is quality and private project development. The neighbors are also cute, and it is ideal for my family.

Chiang Mai

Nam Phrae

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