74-5618 Palani Road, Unit I8
74-5618 Palani Road, Unit I8
Kailua-Kona, HI 96740
$110,000
Last Sold Price
1
Beds
1
Bath
515 Sq. Ft.
$214 / Sq. Ft.
515
Sq. Ft.
$214
per Sq. Ft.
Sold 9/17/21
Sold 9/17/21
Description
This is a Leasehold property. Located in Kona Kai, just a short walk to the crystal blue waters of Kailua Bay and the shops and restaurants that line Ali’i Drive, this second-floor ocean-view condo has everything you need to enjoy the Hawaii lifestyle. Well laid-out kitchen and dining area lead into a comfortable living room with sliding doors out to the ocean-view lanai. From the lanai, there is a beautiful view of the south Kona coastline, and you are sure to enjoy many famous Kona sunsets. Updated...This is a Leasehold property. Located in Kona Kai, just a short walk to the crystal blue waters of Kailua Bay and the shops and restaurants that line Ali’i Drive, this second-floor ocean-view condo has everything you need to enjoy the Hawaii lifestyle. Well laid-out kitchen and dining area lead into a comfortable living room with sliding doors out to the ocean-view lanai. From the lanai, there is a beautiful view of the south Kona coastline, and you are sure to enjoy many famous Kona sunsets. Updated restroom and spacious bedroom with a large closet and ocean-view. Nicely landscaped with bananas, heliconia, royal poinciana, Ti, Palms and other tropical ornamentals, the grounds will be enjoyed by owners and visitors alike and the complex is approved for Short Term Vacation Rentals with permit. This unit does not currently have a permit in place, please contact planning department for more information on the process for obtaining a STVR permit. Shared amenities include a pool, BBQ area, coin laundry and mailboxes. This unit comes with a conveniently located assigned parking space adjacent to the entrance. This is a leasehold property, and a cash-only sale. The lease will renegotiate in 2029, and runs through 2034. Annual lease rent $3,900, two payments of $1,950 due semi-annually.
- Listed by Amber Rich • License #RS-84119 • Iokua Real Estate, Inc. - Hilo
Property Details for 74-5618 Palani Road, Unit I8
Subdivision
KONA INDUSTRIAL SUBDIVISION
ZoningCV-10
ViewCoastline, Ocean, Ocean Horizon, Sunset
Land TenureLeasehold
Location
Listing Courtesy of Iokua Real Estate, Inc. - Hilo, Amber Rich, License #RS-84119
Sold By Corcoran Pacific Properties, Jenni Lee, License #RS-69239
Add your commute
LISTING UPDATED: 09/17/2021 10:06 AM
Property Details for 74-5618 Palani Road, Unit I8
| Status | Sold |
|---|---|
| MLS # | 652362 |
| Days on Market | 12 |
| Taxes | $995 / year |
| HOA Fees | $509 / month |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Condo / Attached |
| Year Built | 1969 |
| County | Hawaii County |
Location
Listing Courtesy of Iokua Real Estate, Inc. - Hilo, Amber Rich, License #RS-84119
Sold By Corcoran Pacific Properties, Jenni Lee, License #RS-69239
Add your commute
Building Information for 74-5618 Palani Road, Unit I8
Building/Complex74-5618 Palani RdFloor-Stories-Residences-Pet Policy-Year Built1969
Payment Calculator
$1,192 per month
30 year fixed, 7.25% Interest
Principal and Interest
$600
Property Taxes
$83
HOA Dues
$509
The Payment Calculator is for illustrative purposes only.
Property Information for 74-5618 Palani Road, Unit I8
Summary
Location and General Information
- Subdivision Abbreviated Name: KONA INDUSTRIAL
- Latitude: 19.64397454
- Location: Kona Kai #I8
- Longitude: -155.99599075
- Oceanfront Parcel: N
- Street: PALANI RD
- Street Address Full: 74-5618 PALANI RD #I8 KAILUA-KONA HI 96740
- Street Number: 74-5618
- City: KAILUA-KONA
- District: North Kona
- Zip Code: 96740
Taxes and HOA Information
- Fees-Association (Monthly): $0
- Fees-Association (Yearly): $0
- Exempt Amount: $0
- Tax Year: 2020
- Taxes (Annual): $995.00
- Taxkey: 3-7-4-10-36-63
- Taxkey9: 374010036
Parking
- Vehicle Storage/Parking: Assigned
Property
Lot Information
- Roads: None
- Agriculture Dedicated: No
- Year Built Maximum: 1969
- Year Built Minimum: 1969
- Interior Area (Total): 515.0
- Land Area: 0.0
- Flood Zone: X
- Lava Zone: 4
Property and Assessments
- Special Assessment: No
- Special Assessment Amount (Monthly): $0
- Disclosure Form: Yes
- Assessed Value: $79,200
- Assessment Year: 2021
- Project: Kona Kai
- Property Type: Condo
- Public Report Number: 1132
- Photos: 15
Utilities
- Power: Overhead
- Wastewater: Sewer-Connected
- Water: County
- Solid Waste Disposal (Trash): Included with Maintenance Fees
Interior and Exterior Features
Exterior Features
- Pool: Y
- Pool Type: In Ground, Outdoor, Shared
Interior Features
- Features: BBQ/Cooking Pit
- Washer/Dryer: Coin, Shared
- Appliances: Refrigerator, Range/Oven, Range Hood
- Bathrooms (Total): 1
- Baths 1/2 (Total): 0
- Baths 1/4 (Total): 0
- Baths 3/4 (Total): 0
- Baths Full (Total): 1
- Bedrooms (Total): 1
- Floor Covering: Carpet, Vinyl
- Heating/Cooling: Window/Wall units
Multi Family
Multi-Family Information
- Bldg Units: I8
Agent
Sale and Listing
- Sold Terms: CASH
- Ownership: CPR
- Media Changed: 07-22-2021
- MLS: 4.0
- Terms Acceptable: Cash
- Leasehold Expires When: 2034
- Listor Name: Amber Rich
- Days on Market: 12
- First Photo Sequence: 19
- Sub-agency offered?: No
- Subtype of Listing: Attached
- Remarks - Public: This is a Leasehold property. Located in Kona Kai, just a short walk to the crystal blue waters of Kailua Bay and the shops and restaurants that line Ali’i Drive, this second-floor ocean-view condo has everything you need to enjoy the Hawaii lifestyle. Well laid-out kitchen and dining area lead into a comfortable living room with sliding doors out to the ocean-view lanai. From the lanai, there is a beautiful view of the south Kona coastline, and you are sure to enjoy many famous Kona sunsets. Updated restroom and spacious bedroom with a large closet and ocean-view.<br><br>Nicely landscaped with bananas, heliconia, royal poinciana, Ti, Palms and other tropical ornamentals, the grounds will be enjoyed by owners and visitors alike and the complex is approved for Short Term Vacation Rentals with permit. This unit does not currently have a permit in place, please contact planning department for more information on the process for obtaining a STVR permit. <br><br>Shared amenities include a pool, BBQ area, coin laundry and mailboxes. This unit comes with a conveniently located assigned parking space adjacent to the entrance.<br><br>This is a leasehold property, and a cash-only sale. The lease will renegotiate in 2029, and runs through 2034. Annual lease rent $3,900, two payments of $1,950 due semi-annually.
- REversion: 600
- Sale Type: Standard Sale
- DZS: 374
Showing and Remarks
- Showing Instructions: Mechanical Lock Box, Other (remarks), Overnight Notice, Call Listor
Property History for 74-5618 Palani Road, Unit I8
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 74-5618 Palani Road, Unit I8
Taxable ValueLand$17,500Additions$99,400Total$116,900
Tax Record2023$1,436 ($120 / month)
Home Facts
Beds1Baths1Total Finished SqFt515 SqFtAbove Grade Finished SqFt515 SqFtStories1StyleCondominiumYear Built1969Zoning3M - VILLAGECountyHAWAIIAPN3-7-4-010-036-0063
Schools near 74-5618 Palani Road, Unit I8
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Kealakehe Elementary School PublicPK to 5 | ||
Kealakehe Intermediate School Public6 to 8 | ||
Kealakehe High School Public9 to 12 | ||
Innovations - Public Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Iokua Real Estate, Inc. - Hilo, Amber Rich, License #RS-84119