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    4 Bedroom House for sale at Home In Park
    Nong Khwai, Hang Dong,Chiang Mai
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    Sale Price
    $434,000
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    4 Bedroom House for sale at Home In Park
    (2 Reviews)
    Unit ID: U85759
    6% Rental Yield
    Nong Khwai, Hang Dong,Chiang Mai
    $434,000
    4 Bedrooms
    5
    Bathrooms
    4,252 Sqft
    Indoor Area
    2
    Storeys
    May 2008
    Completed
    56
    Sale Price
    $434,000

    About This House

    This property is a 4,252 Sqft house with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the project in Nong Khwai, Chiang Mai and was completed in May 2008. You can buy this house for a base price of $434,000 ($102/Sqft).

    Executive Home with Pool and Guest House

    What makes Home In Park different than all the other communities is that homes were specifically designed to not be built near to one another so if privacy is important Home In Park is a must see in addition our listed home is comfortably situated on 233sq wah ( approx 10,000 Sq ft) in which we had built an additional 75 Sq meter house that we use as an extention of our main home and is extremely helpful for entertaining our children and their friends. Our home unlike many other communities is on a wide street and near to the community park and tennis court and very convenient to entering and exiting the community. The main home has been designed with two interior kitchens one that is specifically used for cooking and the other for daily use and the purpose is to keep the home cool and away from the heat of cooking , the home also has four bedrooms, three bathrooms, second floor study which can be be also used for an additional bedroom and the first floor has a comfortable large open dining and living room area in addition to an interior laundry room and outside pool. The exterior doors are of stained glass and the screens are the custom pull down type in addition to an outside room that can be used for the house keeper or storage with an additional exterior bathroom. We also had an auxiliary water well pump installed that is used for the lawn sprinkler system in addition to other mechanical improvements that make this home operate well. In addition to the main house the property also has a fully detached auxiliary house complete with its own kitchen, bathroom and laundry area which can be utilized for that special guest in town , rental or as an extension of the main home as we do. Its a well designed and comfortable home and if your in the market for living nice and comfortable similar as back home this will meet and or exceed your needs.

    Features

    Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Maids QuartersMaids Quarters BalconyBalcony Full Western KitchenFull Western Kitchen Fully RenovatedFully Renovated (2019)

    Basic Information

    Date Listed Oct 9, 2019
    Updated 1 year ago
    Property Type House (Single Detached)
    Storeys 2
    Location Nong Khwai, Chiang Mai
    Bedrooms 4
    Nearest Landmark Hang Dong District Municipal Food Market -2.7 Km
    Indoor Area 4,252 Sqft
    Price per Sqft $102
    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 10,032 Sqft
    Pets Not Allowed
    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 (May 2008)
    Furniture
    Unfurnished
    View(s) Garden View
    Unit Type N/A
    Parking Spots 4
    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.
    $41/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U85759

    Investment Opportunity: Charges & Yield

    Sale Price
    $434,000
    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.
    $41/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.
    17
    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.
    6%

    Project Details

    Project Name: Home In Park
    Developer: N/A
    Construction: Completed (May 2008)
    Units: 300
    Project Area: 3,055,142 Sqft
    Nearest Landmark Hang Dong District Municipal Food Market - 2.7 Km
    Location: Nong Khwai, 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 3 For Rent 4
    • All
    • 4 Beds
    Get notified when new homes are being added to Home In Park
    View All (3)

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    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

    Reviews

    5 out of 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
    Michael Joseph, Current Resident, 2 years 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
    Noah Walker, United States, 6 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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