4 Bedroom House for sale at Home In Park

5 (2 Reviews)
Nong Khwai, Hang Dong,Chiang Mai
Unit ID: U255079
7% Rental Yield
฿8,000,000 Great Price
4 Bedrooms
4 Bathrooms
247 SqM Indoor Area
2 Storeys
May 2008 Completed

About This House

This property is a 247 SqM house with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the Home In Park project in Nong Khwai, Chiang Mai and was completed in May 2008. You can buy this house for a base price of ฿8,000,000 (฿32,389/SqM).

Features

Private GardenPrivate Garden Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included Outdoor SalaOutdoor Sala BathtubBathtub

Basic Information

Property Type House
Storeys 2
Location Nong Khwai, Hang Dong, Chiang Mai
Bedrooms 4
Nearest Landmark Hang Dong District Municipal Food Market -2.7 Km
Indoor Area 247 SqM
Price per SqM ฿32,389
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 1,192 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 Chanote
Construction Completed (May 2008)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Mountain View, Park View, Garden View
Unit Type N/A
Parking Spots 2
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 Dec 2, 2019
Last Updated 2 years ago
Unit ID U255079

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿11,847,064
Great
฿6,050,000
Good
Fair
Above
฿14,500,000
Current asking Price: ฿8,000,000 | Rental estimate: ฿47,600/mo
This house is ฿3,847,064 BELOW MARKET (-32%) 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
฿8,000,000
Est. Rent
฿47,600/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 4 bedroom houses at Home In Park, and the current sales price.
7%

Project Details

Project Name: Home In Park
Developer: N/A
Construction: Completed (May 2008)
Units: 300
Project Area: 283,832 SqM
Nearest Landmark Hang Dong District Municipal Food Market - 2.7 Km
Location: Nong Khwai, Hang Dong, Chiang Mai
Home In Park Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security

Available Units at Home In Park

For Sale 7 For Rent 1
Get notified when new homes are being added to Home In Park

Loan Calculator

Frequently Asked Questions

All kind of pets are allowed at Home In Park including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
Hang Dong District Municipal Food Market is the nearest Market from Home In Park and it is 2.7 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 Home In Park 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
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Home In Park A Must See If Looking To Make C.M. Your Home
5 Michael Joseph, Current Resident, 3 months ago
To help others who are making a decision to relocate to Chiang Mai or looking to upgrade to a larger hom certainly look at the community of Home In Park and drive thru in the day and evening time because what you will observe unlike other communities are children playing in addition to the adults strolling. Home In Park is a farang friendly community which will have you and your family feel comfortable and at home in addition that nearby are many farang friendly restaurants, shopping and schools. This current home for sale is on a wide street with welcoming neighbor's and conveniently located up the block from the main office, tennis court, fittness room and community pool. The home had been upgraded to western standards so mechanically it will give you many years of service and all top quality materials had been used. In addition a separate 75 sq meter auxiliary home was built with it's own bathroom, kitchen and laundry area which can be used as an extension of the main home for guests, children and or an office and it was designed with a architectural full sized interior bricks which sets it apart from all the others and another feature is that it can be metered separately if needed for the electric. The home has it's own auxiliary well water in addition to the community water and the entire property was designed to easily navigate and maintain. This home is priced well for a potential buyer and is offering more than any of the others and is in one of the most desirable communities so we welcome any questions that you may have.
Family's home in Thailand
5 Noah Walker, United States, 4 years ago
Since I moved to Thailand, this house has become a family home. I've been renting it for about 8 years. It's a two-story home with four bedrooms. The house is spacious with a small front lawn. I really like the atmosphere here. It's shady and peaceful. I can wake up in the morning to fully breathe in the fresh air. The project also has a large common area with a swimming pool, a tennis court, and a clubhouse. As for the location, it is very convenient. Not very central, but easy to travel. The neighborhood has many international schools. Driving to Kad Farang takes less than 10 minutes.
Chiang Mai
Nong Khwai

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Number of units
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