classic-chassis Posted February 4, 2011 Share Posted February 4, 2011 Dream house for sale in Chiang Mai. If you've got a bit of extra cash and you're looking for a home this is the best bargain you will find in your life time. Built lovingly by an artist in the middle of the Chiang Mai furniture boom about 8 years ago, with attention to detail second to none. It is now under forced sale due to bankruptcy and divorce. It really is an amazing pad, down sides are it's quite away from the town and maintenance of the property will be quite high. Longkau of Ban Tawai. | Beautiful house for sale in Baan Tawai, half price, urgent sale now just 3.9 million Baht www.longkau.com This sale has not vested financial interest for me what so ever, I'd just like to see the gaff sold instead of the bank taking it away. Contact the seller on the Web-site if you're interested. It really is a steal. Link to comment Share on other sites More sharing options...
InterestedObserver Posted February 4, 2011 Share Posted February 4, 2011 The question thus becomes, who is holding the Chanote and is there an encumbrance on it? Link to comment Share on other sites More sharing options...
classic-chassis Posted February 4, 2011 Author Share Posted February 4, 2011 The answer to your question would be the owner does. They built the house and bought the land outright, the "bankruptcy" (which is probably the wrong term) was of their businesses, and i believe they owe money on business property only. As far as i know the lady needs to sell ASAP to pay off debt to the bank so she can walk away unblemished. They probably didn't technically go bankrupt but all business failed. Link to comment Share on other sites More sharing options...
ESB7 Posted February 5, 2011 Share Posted February 5, 2011 How much would a small plot of land cost in that location....not much I suspect, therefor ask what you could actually build for 3.9 million and then, is it actually such good value??? Link to comment Share on other sites More sharing options...
bifftastic Posted February 5, 2011 Share Posted February 5, 2011 I just had a look on the website, wow, it's beautiful! I'm not gonna buy it, but it does look really nice, if someone were already in the market for a home and had that kind of money, it would definitely be worth a look! Link to comment Share on other sites More sharing options...
dave111223 Posted February 5, 2011 Share Posted February 5, 2011 Pretty fantastic house, especially for that price. Not really my style, but i'm sure it would be someone's prefect house; especially if you enjoy gardening. Nice pictures on the website; good to see someone doing their property justice with the camera. I wonder if the price includes all the furniture and design nic-nacs? I can imagine the house would look quite different with all that stuff stripped out. Link to comment Share on other sites More sharing options...
Thailaw Posted February 5, 2011 Share Posted February 5, 2011 Pretty fantastic house, especially for that price. Not really my style, but i'm sure it would be someone's prefect house; especially if you enjoy gardening. Nice pictures on the website; good to see someone doing their property justice with the camera. I wonder if the price includes all the furniture and design nic-nacs? I can imagine the house would look quite different with all that stuff stripped out. Any idea of the total land area and the total area(s) of the living space? The website provides not a clue.... Link to comment Share on other sites More sharing options...
InterestedObserver Posted February 5, 2011 Share Posted February 5, 2011 (edited) Due diligence needs to be carefully performed since the couple is apparently in financial distress. It is not clear if the property is entirely separate from the "bankrupt" businesses. Personal liability may arise from the failed businesses and/or divorce. But then that's what lawyers are for. Edited February 5, 2011 by InterestedObserver Link to comment Share on other sites More sharing options...
classic-chassis Posted February 5, 2011 Author Share Posted February 5, 2011 (edited) The land size is not too far off a rai i believe. Land prices in that particular village are high, It's the hub of teak furniture in Chiang Mai. It's not a little village in the sticks. Baan Tawai. http://www.ban-tawai.com/attraction.php Yes i think the furniture, or most of it is in with the house. InterestedObserver due diligence should be taken in the purchase of any property, as i wrote earlier "bankruptcy" is probably the wrong term. Edited February 5, 2011 by classic-chassis Link to comment Share on other sites More sharing options...
anonymouse Posted February 5, 2011 Share Posted February 5, 2011 I just had a look on the website, wow, it's beautiful! I'm not gonna buy it, but it does look really nice, if someone were already in the market for a home and had that kind of money, it would definitely be worth a look! The place is a real bargain at that price, a decent sized plot of land as well. Link to comment Share on other sites More sharing options...
janverbeem Posted February 5, 2011 Share Posted February 5, 2011 Strange but Malware bytes blocks access to the Longkau site.<BR sab="353"><BR sab="354"> Link to comment Share on other sites More sharing options...
travelmann Posted February 7, 2011 Share Posted February 7, 2011 Good luck selling it, I think its hideous but then thats just an opinion. Link to comment Share on other sites More sharing options...
FarangBuddha Posted February 8, 2011 Share Posted February 8, 2011 How close is the nearest Starbucks and good Italian resto/pizzeria...if it's more than 5 kilos, forget about it. Also, with all that standing water and ponds around the house, looks like a real malaria and dengue situation to me...maybe that's the real reason they are dumping this house. Link to comment Share on other sites More sharing options...
classic-chassis Posted February 9, 2011 Author Share Posted February 9, 2011 How close is the nearest Starbucks and good Italian resto/pizzeria...if it's more than 5 kilos, forget about it. Also, with all that standing water and ponds around the house, looks like a real malaria and dengue situation to me...maybe that's the real reason they are dumping this house. Forget about it in general of just forget about time wasters? You can presume all you like my friend, that's you prerogative, you're wrong though. Me thinks you're a concrete type of guy with western import food super market on your doorstep, air con 24/7 and don't speak a word of the local language after years of living here, who moans none stop about the "dumb" locals and hot weather. Maybe that's the real reason you post pointless nonsense, i may be wrong though but that's my prerogative. Link to comment Share on other sites More sharing options...
donx Posted February 12, 2011 Share Posted February 12, 2011 I find it a very nice looking house. I'm not in the market, but I sure do like the way it blends in with the environment. Link to comment Share on other sites More sharing options...
sunlife2000 Posted February 14, 2011 Share Posted February 14, 2011 How close is the nearest Starbucks and good Italian resto/pizzeria...if it's more than 5 kilos, forget about it. Also, with all that standing water and ponds around the house, looks like a real malaria and dengue situation to me...maybe that's the real reason they are dumping this house. O dear o dear Link to comment Share on other sites More sharing options...
dragonfly33 Posted February 16, 2011 Share Posted February 16, 2011 I agree that earlier writer is way out line with his criticism. He tells us a lot more about himself than he does about what he is criticizing. If he can't deal with life more than five miles from a Starbucks, one wonders what he is doing in Thailand. However, I suspect I already know. There are lots of people who come here for the cheap standard of living, women, etc., who have spent years in Thailand and speak about a half dozen words of hardly recognizable Thai. The odd thing is that he thinks everyone else is like him. We are not. The thing that is not odd is that he is complaining, because generally people who live in Thailand and can't be five miles from a Starbucks are a rather miserable lot. Anyway, I myself think the house is gorgeous, and an amazingly good deal, and would love to buy it. I have my own coffee grinder. Link to comment Share on other sites More sharing options...
craigt3365 Posted February 21, 2011 Share Posted February 21, 2011 Really beautiful house. It's not for everybody, but a true artist's house. Amazing! Link to comment Share on other sites More sharing options...
ChangMaiSausage Posted February 21, 2011 Share Posted February 21, 2011 Really beautiful house. It's not for everybody, but a true artist's house. Amazing! Nice but imagine not keeping up with the maintenance, watering the plants etc.... full time job keeping it in good condition i.e. thepaintings will fade the plants will die. Still a nice house if you have the time to maintain the upkeep. Link to comment Share on other sites More sharing options...
Velocette Posted February 23, 2011 Share Posted February 23, 2011 Bankruptcy AND divorce . . .double tradgedy, it doesn't get much worse. The effort, time and expense of putting that house together must have been a labour of love and blind faith, creating their own little garden of eden and dream house, heartbreaking for them both, I'm sure. As for the practicalities of selling a property like this, which is such a personal statement regarding design, and I imagine high maintenance with all that timber. One can only hope that they find a suitable bohemian buyer who falls in love with it and has the cash to buy it. Link to comment Share on other sites More sharing options...
Escondido Posted February 25, 2011 Share Posted February 25, 2011 I am strongly thinking about moving to Chiang Mai and looking at various properties. Does anybody here know how much something like this might cost to build? I'm not sure what the average price per sq. m is in the area. Thanks. Link to comment Share on other sites More sharing options...
Livinginexile Posted February 26, 2011 Share Posted February 26, 2011 The land size is not too far off a rai i believe. Land prices in that particular village are high, It's the hub of teak furniture in Chiang Mai. It's not a little village in the sticks. Baan Tawai. http://www.ban-tawai.com/attraction.php Yes i think the furniture, or most of it is in with the house. InterestedObserver due diligence should be taken in the purchase of any property, as i wrote earlier "bankruptcy" is probably the wrong term. Absolutely beautiful! A lot of work and money has gone into creating this home, the owners must be very sad to let it go. If I had a spare 3.9 mill I would definately be interested. Link to comment Share on other sites More sharing options...
FarangBuddha Posted February 26, 2011 Share Posted February 26, 2011 Bankruptcy AND divorce . . .double tradgedy, it doesn't get much worse. One can only hope that they find a suitable bohemian buyer who falls in love with it and has the cash to buy it. All those "bohemian" buyers did their Thailand thing in the 60's and 70's and are now in their 60's, and after going through their own bankruptcies and divorces, are living off old age pensions in the UK and Social Security in the States and are not in the market for properties on the Thailand circuit anymore Link to comment Share on other sites More sharing options...
WAYNEandAEI Posted February 26, 2011 Share Posted February 26, 2011 Bankruptcy AND divorce . . .double tradgedy, it doesn't get much worse. One can only hope that they find a suitable bohemian buyer who falls in love with it and has the cash to buy it. All those "bohemian" buyers did their Thailand thing in the 60's and 70's and are now in their 60's, and after going through their own bankruptcies and divorces, are living off old age pensions in the UK and Social Security in the States and are not in the market for properties on the Thailand circuit anymore Or Not Link to comment Share on other sites More sharing options...
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