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    4 Bedroom House for sale at The Esteem
    Ton Pao, San Kamphaeng,Chiang Mai
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    Sale Price
    ฿2,790,000
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    4 Bedroom House for sale at The Esteem
    (1 Review)
    Unit ID: U1421176
    6% Rental Yield
    Ton Pao, San Kamphaeng,Chiang Mai
    ฿2,790,000
    4 Bedrooms
    3
    Bathrooms
    152 SqM
    Indoor Area
    2
    Storeys
    Dec 2015
    Completed
    7
    Sale Price
    ฿2,790,000

    About This House

    This property is a 152 SqM house with 4 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Ton Pao, Chiang Mai and was completed in Dec 2015. You can buy this house for a base price of ฿2,790,000 (฿18,355/SqM).

    Features

    Pool AccessPool Access Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Nov 7, 2024
    Updated 1 month ago
    Property Type House (Single Detached)
    Storeys 2
    Location Ton Pao, Chiang Mai
    Bedrooms 4
    Nearest Landmark Charoen Charoen fresh market -1.5 Km
    Indoor Area 152 SqM
    Price per SqM ฿18,355
    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 200 SqM
    Pets All Kind of Pets Allowed
    House Ownership

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

    Leasehold
    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.

    N/A
    Land Title Deed Chanote
    Construction Completed (Dec 2015)
    Furniture
    Unfurnished
    View(s) Park View, City View, Unblocked Open 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.
    ฿3,000/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1421176

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿2,790,000
    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.
    ฿3,000/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.
    16
    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 The Esteem, and the current sales price.
    6%

    Project Details

    Project Name: The Esteem
    Developer: The Esteem Chiang Mai Co., Ltd.
    Construction: Completed (Dec 2015)
    Units: 108
    Project Area: 96,000 SqM
    Nearest Landmark Charoen Charoen fresh market - 1.5 Km
    Location: Ton Pao, Chiang Mai
    The Esteem Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)

    Available Units at The Esteem

    For Sale 9 For Rent 2
    • All
    • 3 Beds
    • 4 Beds
    • 5 Beds
    Get notified when new homes are being added to The Esteem
    View All (9)

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    Frequently Asked Questions

    All kind of pets are allowed at The Esteem including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is ৳52 per square meter based on the plot size of the property and is ৳10,400 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.
    Charoen Charoen fresh market is the nearest Market from The Esteem and it is 1.5 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 Esteem you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    For 3BR
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿20,000
    1st Installment
    Upon contract signing
    ฿30,000
    2nd Installment
    On handover
    100%
    For 4BR
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿20,000
    1st Installment
    Upon contract signing
    ฿30,000
    2nd Installment
    Down Payment
    5%
    3rd Installment
    On handover
    95%


    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

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    My ideal villa, which is very pleasant
    Mongkon 888, Thailand, 6 years ago
    I trust this project because its structures look strong with high security. Plus, the management team has been professional since I've lived here, and they are all helpful. I'm so impressed. The project is designed in a modern style with complete facilities provided, including the gym, swimming pool, and clubhouse, where I can enjoy all the services here. Overall, staying here is very satisfying, and traveling is also very convenient due to its proximity to tourist attractions and various places in San Kamphaeng.
    Chiang Mai
    Ton Pao

    Neighborhood Overview

    Location and Neighborhood

    Street View

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