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74-5618 Palani Rd

Kailua-Kona, HI 96740
  • $167,500
  • STATUS: Active
  • ON SITE: 5 days
  • MLS #: 652400
New On Site 5 Days Ago
UPDATED: 59 min ago
$167,500
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 616
    SQFT
  • $272
    $/SQFT
Type:
Condo
Built:
1969
Area:

School Ratings & Info

Description

This is a leasehold property. The Kona Kai Complex allows for Full-time living, second homes, and short-term vacation rentals. Comparable 2 bedroom units are currently renting for approximately $225 per night short term, $1,950 per month long term unfurnished, and $2,250 long term furnished. All rents are subject to the owner's discretion and Hawaii County does require a permit for short-term rentals. Please confirm any rental prices you may consider with your on-island property manager.Many chose to live here full time as it is central to all Kona has to offer, features a peaceful lanai to enjoy throughout the day, and has a pool and BBQ area to enjoy right on the property if a walk to the beach seems too much effort.This remodeled unit is convenient with just a few stairs to your front door and assigned parking very near your front door. The lanai and main bedroom have pool and distant Blue Pacific Ocean views. Because this is a leasehold property, most sales are cash. Financing would need to be short term of less than 10 years.Leasehold rent is set until 2029. Renegotiation is 2029 with the current lease expiring at the end of 2034. The lease rent is billed semi-annually at $2,340 which is $390 per month and is paid to the Queen Liliuokalani Trust and is separate from the AOAO dues. AOAO dues are billed monthly and include water, hot water, propane for cooking, rubbish removal, landscaping, insurance on the buildings, common area electric and pool maintenance.This unit has 1 assigned parking space #A-7.

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© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties. Data last updated: 2021-07-28T02:34:21.43.
hawaii.corcoranpacific.com/homes/119561658
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74-5618 Palani Rd Kailua-Kona, HI 96740

  • Price: $167,500
  • Status: Active
  • Updated: 59 min ago
  • MLS #: 652400
2
Beds
1
Baths
0
½ Baths
N/A
Acres
616
SQFT
$272
$/SQFT
1969
Built
Neighborhood:
Kona Industrial Subdivision
Area:
North Kona
Property Description
This is a leasehold property. The Kona Kai Complex allows for Full-time living, second homes, and short-term vacation rentals. Comparable 2 bedroom units are currently renting for approximately $225 per night short term, $1,950 per month long term unfurnished, and $2,250 long term furnished. All rents are subject to the owner's discretion and Hawaii County does require a permit for short-term rentals. Please confirm any rental prices you may consider with your on-island property manager.Many chose to live here full time as it is central to all Kona has to offer, features a peaceful lanai to enjoy throughout the day, and has a pool and BBQ area to enjoy right on the property if a walk to the beach seems too much effort.This remodeled unit is convenient with just a few stairs to your front door and assigned parking very near your front door. The lanai and main bedroom have pool and distant Blue Pacific Ocean views. Because this is a leasehold property, most sales are cash. Financing would need to be short term of less than 10 years.Leasehold rent is set until 2029. Renegotiation is 2029 with the current lease expiring at the end of 2034. The lease rent is billed semi-annually at $2,340 which is $390 per month and is paid to the Queen Liliuokalani Trust and is separate from the AOAO dues. AOAO dues are billed monthly and include water, hot water, propane for cooking, rubbish removal, landscaping, insurance on the buildings, common area electric and pool maintenance.This unit has 1 assigned parking space #A-7.
Exterior Features

Land Tenure Leasehold Ocean Front N Pool N Roads Paved Unit Description End UnitGround UnitSingle Level

Interior Features

Appliances MicrowaveRefrigeratorRange/Oven Floors Vinyl Heating Cooling Air ConditioningWindow/Wall Units Washer Dryer Coin Window Coverings Blinds

Property Features

Assessed Value 84200 Assessment Year 2021 Building Units A7 Distressed Standard Sale Lava Zone 4 Monthly Association Fees 0.00 Oceanfront Unit N Power Overhead Project Name Kona Kai Property Type Condo Sewer Sewer-Connected Solid Waste Disposal Included With Maintenance Fees Tax Key 374010036 Taxes 1058.00 Terms 1031 ExchangeCash Total Monthly Fees 613.38 Vehicle Parking Assigned Water County Zoning Cv-10

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Hawaii Real Estate Group Llc.


© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Pacific Properties. Data last updated: 2021-07-28T02:34:21.43.
 
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Corcoran Pacific Properties
4211 Waialae Ave.
Honolulu HI, 96816