3 Bedroom House for sale at Passorn Pride Mahidol-Charoenmueang

(1 Review)
Ton Pao, San Kamphaeng,Chiang Mai
Unit ID: U68111
8% Rental Yield
3 Bedrooms
2 Bathrooms
121 SqM Indoor Area
2 Storeys
Feb 2015 Completed

About This House

This property is a 121 SqM house with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Passorn Pride Mahidol-Charoenmueang project in Ton Pao, Chiang Mai and was completed in Feb 2015. You can buy this house for a base price of ฿3,600,000 (฿29,752/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Mar 14, 2018
Updated 3 years ago
Property Type House
Storeys 2
Location Ton Pao, Chiang Mai
Bedrooms 3
Nearest Landmark Promenada Chiang Mai -3.2 Km
Indoor Area 121 SqM
Price per SqM ฿29,752
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 152 SqM
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 (Feb 2015)
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 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.
฿760/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U68111

Price Analysis

Good Price
Estimated market value ฿3,598,876
Great
฿3,080,000
Good
Fair
Above
฿4,380,000
Current asking Price: ฿3,600,000 | Rental estimate: ฿25,400/mo
This house is priced at the current market value 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

Sale Price
฿3,600,000
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.
฿760/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.
12
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 Passorn Pride Mahidol-Charoenmueang, and the current sales price.
8%

Project Details

Developer: Pruksa Real Estate
Construction: Completed (Feb 2015)
Units: 151
Project Area: 42,109 SqM
Nearest Landmark Promenada Chiang Mai - 3.2 Km
Location: Ton Pao, Chiang Mai
Passorn Pride Mahidol-Charoenmueang Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Communal Garden Area Communal Garden Area

Popular Facilities at Passorn Pride Mahidol-Charoenmueang

  • Clubhouse
    Ground Floor
  • Communal Garden Area
    Ground Floor

Available Units at Passorn Pride Mahidol-Charoenmueang

For Sale 5 For Rent 1
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Frequently Asked Questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Passorn Pride Mahidol-Charoenmueang.
The common area maintenance fee is ฿5 per square meter based on the plot size of the property and is ฿760 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.
Promenada Chiang Mai is the nearest Shopping Mall from Passorn Pride Mahidol-Charoenmueang and it is 3.2 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 Passorn Pride Mahidol-Charoenmueang 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

4 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A nice village, lovely neighbor, and feeling safe to live
Ongsri S., Thailand, 6 years ago
The house in this project is reasonably priced. My wife and I just moved to Chiang Mai about five months ago. When I came across this project, I really liked it because the atmosphere was peaceful, and the design looks modern. Plus, there is complete furniture in the house which makes my life much easier, and the usable space is generous. Most importantly, it is 10-30 minutes by car to important places, such as Kum Kam Park, hospitals, shopping centers, restaurants, and fresh markets. Overall, I think this place is suitable for us!
Chiang Mai
Ton Pao

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Passorn Pride Mahidol-Charoenmueang

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
169
Sales Prices
฿5.39M
Monthly Rentals
N/A
Year Built
Feb 2015
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
262
Sales Prices
฿3.99M - ฿7.49M
▲ 26% overpriced
Monthly Rentals
฿30K - ฿37K
Year Built
Dec 2008
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
66
Sales Prices
฿3.79M - ฿4.29M
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
Project Name
Sivalai Village 4
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
375
Sales Prices
฿3.1M - ฿5.99M
▼ -11% underpriced
Monthly Rentals
฿27K - ฿30K
Year Built
Dec 2009
Completion Status
Completed
Project Name
The Esteem
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
108
Sales Prices
฿4.98M - ฿8.49M
▼ -18% underpriced
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
Project Name
Baan Charin
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
70
Sales Prices
฿3.9M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Project Name
Pimpichada
Location
San Klang, San Kamphaeng, Chiang Mai
Number of units
65
Sales Prices
฿2.89M - ฿8.88M
▼ -4.2% underpriced
Monthly Rentals
฿25K
Year Built
Feb 2016
Completion Status
Completed
Project Name
The City Connect
Location
San Klang, San Kamphaeng, Chiang Mai
Number of units
20
Sales Prices
฿5.58M
▲ 32% overpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Project Name
Sirin Home 3
Location
San Klang, San Kamphaeng, Chiang Mai
Number of units
119
Sales Prices
฿3.8M
Monthly Rentals
N/A
Year Built
Jun 2010
Completion Status
Completed
Project Name
Baan Na Cheun
Location
San Klang, San Kamphaeng, Chiang Mai
Number of units
84
Sales Prices
฿3.59M
▲ 11.5% overpriced
Monthly Rentals
฿30K
Year Built
Dec 2014
Completion Status
Completed
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