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74-5618 PALANI RD #D2 Kailua-Kona, HI 96740
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Key Details
Sold Price $135,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 624 sqft
Price per Sqft $216
Subdivision Kona Industrial Subdivision
MLS Listing ID 667850
Sold Date 05/24/23
Bedrooms 2
Full Baths 1
Year Built 1969
Annual Tax Amount $1,319
Property Description
This is a leasehold property.
Price reduction! This in-town location has freshly painted walls, doors, trim and kitchen cabinets. Bathroom has a walk-in shower and the condo comes furnished and is in the heart of Kailua-Kona.
Parking is close to the condo. 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 ($109) is $1,112 plus insurance, electric and cable/internet.
The laundry is coin operated and located by the pool and mailboxes, it is very nice and well kept.
This is a pet friendly project for one pet with board approval. 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 may not be renewed. The lease fee when calculated is $372 per month, however it is paid every 6 months. In addition there are also association maintenance fees monthly of $622.
Home inspection and sellers disclosure are available. The association does their own termite treatment so not TIR provided.
Location
State HI
Area North Kona
Building/Complex Name Kona Kai
Zoning CV-10
Interior
Heating None
Cooling None
Flooring Carpet
Exterior
Garage Assigned
Pool Yes
Waterfront N
View Sunset
Building
Lot Description None
Sewer Sewer-Connected
Water County
Others
Monthly Total Fees $622
Acceptable Financing Cash
Listing Terms Cash
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