"This is a Leasehold property" Newly renovated ground floor unit in the centrally located Hilo Terrace development. Enjoy the convenience of living within walking distance to downtown Hilo in this cute and comfortable 2 bedroom unit. The unit went through renovation a few years ago which included all new carpet and vinyl flooring, formica counter tops, cabinets. Hilo Terrace also features assigned parking, swimming pool and on site laundry facilities. Property is currently leasehold with the Master Lease expiring on 12/31/2028. Lease rent is $93.75 but the Fee is available for $35,060 + closing costs. If fee is not purchased, ownership of unit reverts to the AOAO at the expiration of the Master Lease
"This is a Leasehold property" Newly renovated ground floor unit in the centrally located Hilo Terrace development. Enjoy the convenience of living within walking distance to downtown Hilo in this cute and comfortable 2 bedroom unit. The unit went through renovation a few years ago which included all new carpet and vinyl flooring, formica counter tops, cabinets. Hilo Terrace also features assigned parking, swimming pool and on site laundry facilities. Property is currently leasehold with the Master Lease expiring on 12/31/2028. Lease rent is $93.75 but the Fee is available for $35,060 + closing costs. If fee is not purchased, ownership of unit reverts to the AOAO at the expiration of the Master Lease
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
