Hawaii Living

Kona Kai #D2 (Kona)

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74-5618 PALANI RD #D2, Kona

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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.
Past Activity
  • Jul 20, 2024 Off Market
  • May 24, 2023 Sold for $135,000
  • May 02, 2023 Under Contract
  • Mar 23, 2023 Listed at $139,000
  • Jun 01, 2021 Sold for $98,500
  • Mar 30, 2021 Under Contract
  • Mar 15, 2021 Listed at $97,500
  • Jul 03, 2017 Sold for $50,000
  • Jun 06, 2017 Under Contract
  • May 21, 2017 Listed at $55,000
More Details
  • HOA Fees / ft²: $1
  • Price / ft²: $216
  • Zoning: CV-10
  • View: HIS Sunset
  • Security Features: None, Smoke Detector(s)
  • Amenities: Dryer, Range, Range Hood, Refrigerator, Washer
  • TMK: 3740100360026
  • Tax Assessed Value: $107,400
  • Courtesy: Hawaiian Isle Real Estate, LLC
  • MLS: 667850
Good to Know
Note: This page displays all condos for sale in Kona Kai.
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 22, 2024.
Other Kona Kai Listings
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Leasehold
$139,000
Kona Kai #C6
1 Bd | 1 Ba
480 ft²
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Leasehold
$129,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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Leasehold
$164,900
Kona Kai #A2
2 Bds | 1 Ba
616 ft²
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Leasehold
$167,000
Kona Kai #D8
1 Bd | 1 Ba
624 ft²
Other Big Island Condos
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Hilo Terrace #235
2 Bds | 1 Ba
695 ft²
  • Sold 5/24/23 at $135,000
    (List Price: $139,000)
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.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 22, 2024.
    Note: This page displays all condos for sale in Kona Kai.
    Other Kona Kai Listings
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    Leasehold
    $139,000
    Kona Kai #C6
    1 Bd | 1 Ba
    480 ft²
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    Leasehold
    $129,500
    Kona Kai #K4
    1 Bd | 1 Ba
    535 ft²
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    Leasehold
    $164,900
    Kona Kai #A2
    2 Bds | 1 Ba
    616 ft²
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    Leasehold
    $167,000
    Kona Kai #D8
    1 Bd | 1 Ba
    624 ft²
     
    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.
    Learn about property tax rates.