The Ark At Karon Hill

5 (1 Review)

Karon, Phuket Town,Phuket

Unit ID: U149176
11% Rental Yield
฿5,108,160 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
55 SqM Size
Floors
5 Floor
Construction
Jul 2014 Completed

Studio Condo for sale at The Ark At Karon Hill

This property is a 55 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Ark At Karon Hill project in Karon, Phuket and was completed in Jul 2014. You can buy this condo for a base price of ฿5,108,160 (฿92,876/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 5
Bedroom Studio
Size 55 SqM
Price per SqM ฿92,876
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
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, Partial Sea 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.
฿3,300/mo
Listed By
Private Owner
Date Listed Dec 11, 2018
Last Updated 1 year ago
Unit ID U149176

Price Analysis

Great Price
Estimated market value ฿7,304,363
Great
฿6,660,000
Good
Fair
Above
฿7,520,000
Current asking Price: ฿5,108,160 | Rental estimate: ฿46,000/mo
This condo is ฿2,196,203 BELOW MARKET (-30%) in the Phuket 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
฿5,108,160
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.
฿3,300/mo
Est. Rent
฿46,000/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.
9
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 studio condos at The Ark At Karon Hill, and the current sales price.
11%

Project Details

Project Name: The Ark At Karon Hill
Developer: N/A
Construction: Completed (Jul 2014)
Floors: 7
Buildings: N/A
Units: 98
Project Area: N/A
Nearest Landmark Karon Beach - 0.6 Km
Location: Karon, Phuket Town, Phuket
The Ark At Karon Hill Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Available Units at The Ark At Karon Hill

For Sale 4 For Rent 2

Loan Calculator

Frequently asked questions

No pets are allowed at The Ark At Karon Hill 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 ฿60 per square meter based on the size of indoor area of the property and is ฿3,300 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Ark At Karon Hill the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Karon Beach is the nearest Beach from The Ark At Karon Hill and it is 0.6 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 The Ark At Karon Hill 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

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
The best spot in Karon Beach!
5 Charlotte Dean, United States, 2 years ago
It was my first time traveling abroad. I stayed in this condo for two months, and it was fantastic. The staff provides excellent service and is extremely polite. The condo also includes excellent amenities such as a swimming pool, fitness center, and parking for residents. My fully furnished one-bedroom unit was very clean and had a large balcony, which was my favorite relaxing corner. Furthermore, the atmosphere here is suitable for relaxation, and it is conveniently located near Karon Beach. It only takes 2 minutes to get there.

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby The Ark At Karon Hill

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