Kailua-Kona, HI 96740,74-5618 PALANI RD #I1
Kailua-Kona, HI 96740,74-5618 PALANI RD #I1
Kailua-Kona, HI 96740,74-5618 PALANI RD #I1
13
$116,000
$120,000
3.3%
Est.Price: ?

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1 BD
1 BA
515 SqFt

74-5618 PALANI RD #I1 Kailua-Kona, HI 96740

Est. payment /mo
SOLD DATE : 03/07/2023

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Hawaii Development Group

Hawaii Development Group

+1(808) 466-8442

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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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Listed by Hawaiian Isle Real Estate, LLC

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Hawaii Development Group

Broker | License ID: RB-23349

+1(808) 466-8442

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