Hawaii Living

Kona Kai #M3 (Kona)

74-5618 PALANI RD #M3, Kona

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Description
Great opportunity for inexpensive living or use for vacation or long term rental. This condo has recently been completely remodeled — from top to bottom. Some of the major improvements include:
Screened in lanai adds living space and air flow.
All new appliances.
Granite counters in kitchen and bath.
Nicely modernized bath.
Pella double glazed windows throughout.
Double glazed sliding door to lanai.
Ceramic tile in living area. Engineered wood in bedroom.
Dining nook in kitchen with storage under seats.

Other facts for this complex:
HOA fees include gas for the range and also heats the water.
Amenities include a nice swimming pool, a charcoal grill, and picnic tables.
There is a shared laundry on site, with washers and dryers. It is coin operated.
Parking lots have recently been resurfaced and striped.
The complex has an on-site manager.
New management company for this complex has made huge progress in maintenance.
There was a special assessment to pay for that work, and the seller has paid that in full.
This is a leasehold property. The lease expires in 2034. The lease rent will be re-negotiated in 2029.

Financial details:
This must be a cash deal. No mortgages.
The monthly fees are a total of $508.04 which includes $50.92 to build the reserves to the required level.
The lease rent is paid twice a year, at $982.46 every six months. That works out to $163.74 per month, or $1,964.88 per year.
Past Activity
  • Aug 20, 2019 Sold for $220,000
  • Jul 19, 2019 Under Contract
  • Jul 01, 2019 Listed at $129,999
  • Apr 10, 2018 Sold for $75,000
  • Mar 15, 2018 Under Contract
  • Mar 01, 2018 Listed at $79,900
More Details
  • HOA Fees / ft²: $0.95
  • Price / ft²: $140
  • Zoning: CV-10
  • View: Garden
  • Amenities: Disposal, Dryer, HIS Microwave Hood, Range, Refrigerator, Washer
  • TMK: 3740100360090
  • Tax Assessed Value: $39,800
  • Courtesy: Clark Realty - Kona
  • MLS: 615666
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 06, 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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New 10 hours ago Leasehold
$140,000
Kona Kai #I2
1 Bd | 1 Ba
515 ft²
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Leasehold
$149,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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Leasehold
$159,000
Kona Kai #J2
2 Bds | 1 Ba
624 ft²
Description
Great opportunity for inexpensive living or use for vacation or long term rental. This condo has recently been completely remodeled — from top to bottom. Some of the major improvements include:
Screened in lanai adds living space and air flow.
All new appliances.
Granite counters in kitchen and bath.
Nicely modernized bath.
Pella double glazed windows throughout.
Double glazed sliding door to lanai.
Ceramic tile in living area. Engineered wood in bedroom.
Dining nook in kitchen with storage under seats.

Other facts for this complex:
HOA fees include gas for the range and also heats the water.
Amenities include a nice swimming pool, a charcoal grill, and picnic tables.
There is a shared laundry on site, with washers and dryers. It is coin operated.
Parking lots have recently been resurfaced and striped.
The complex has an on-site manager.
New management company for this complex has made huge progress in maintenance.
There was a special assessment to pay for that work, and the seller has paid that in full.
This is a leasehold property. The lease expires in 2034. The lease rent will be re-negotiated in 2029.

Financial details:
This must be a cash deal. No mortgages.
The monthly fees are a total of $508.04 which includes $50.92 to build the reserves to the required level.
The lease rent is paid twice a year, at $982.46 every six months. That works out to $163.74 per month, or $1,964.88 per year.
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 06, 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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New 10 hours ago Leasehold
$140,000
Kona Kai #I2
1 Bd | 1 Ba
515 ft²
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Leasehold
$149,500
Kona Kai #K4
1 Bd | 1 Ba
535 ft²
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Leasehold
$159,000
Kona Kai #J2
2 Bds | 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.