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74-5618 PALANI RD #I1 Kailua-Kona, HI 96740
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Key Details
Sold Price $116,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 515 sqft
Price per Sqft $225
Subdivision Kona Industrial Subdivision
MLS Listing ID 667849
Sold Date 03/07/23
Bedrooms 1
Full Baths 1
Year Built 1969
Annual Tax Amount $1,212
Property Description
This is a leasehold property.
This in-town location has freshly painted walls, doors, trim and kitchen cabinets. Bathroom has a walk-in shower, all solid surface floors throughout, and an elevated screened lanai with an ocean view. The unit comes furnished and is in the heart of Kailua-Kona.
Parking is right in front of the condo in an end oversized location. Complex uses gas stoves and has a building gas on demand hot water heater. The gas is paid for in the maintenance fees so your monthly electric bill will be less then most other condos. When paying cash for the condo, your monthly out-of-pocket currently for lease fees, maintenance fees and investor rate property taxes ($100) is $938 plus insurance, electric and cable/internet..
The laundry is coin operated and located by the pool, it is very nice and well kept.
This is a pet friendly project and the downstairs end unit location lends itself as an easy place for dogs to live. Board approval is required. The nearest grocery store is right next door to this complex and the nearest pharmacy, post office and bank are across the street so a car may not be necessary!
The leasehold term means you only lease the land the condo sits on and someone else owns it that you pay a lease fee to. The land lease expires in 2034 and most likely will not be renewed. The lease fee when calculated is $323 per month, however it is paid every 6 months. In addition there are also association maintenance fees monthly of $515.
Location
State HI
Area North Kona
Building/Complex Name Kona Kai
Zoning CV-10
Interior
Heating None
Cooling None
Flooring Ceramic Tile, Laminate
Exterior
Garage Assigned
Fence Chain Link
Pool Yes
Waterfront N
View Coastline, Ocean Horizon, Sunset
Building
Sewer Sewer-Connected
Water Municipal
Others
Monthly Total Fees $515
Acceptable Financing Cash
Listing Terms Cash
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