| List Price $450,000 Fee Simple ❤ |
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 tapoffer.net |
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|  mazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing. |  What will it cost to Buy?
What will it cost to own?
Home Affordability Calculator |  Instant Offer | |
| MLS | Public |  | | Condo/Townhouse | Condo | Property Type
Sub Type | | 300 Wai Nani Way | 300 Wai Nani Wy |  | | Liliuokalani Gardens Apt II2412 | Liliuokalani Gardens At Waikiki 2412 | | | Honolulu HI 96815 | Honolulu Hawaii 96815 | | | Metro Waikiki | Waikiki | | | Jefferson | Jefferson Elem |  | | Washington | Washington Int | | | Kaimuki | Kaimuki High | | | Kaimuki-McKinley-Roosevelt | Complex | | Public Schools | Rank | | na | Haseko Dev Inc
Haseko Dev Inc |  Builder | | MLS 202400403 | TMK 1-2-6-28-49-370 | Property ID | | 2 | 2 |  Bedrooms | | 2 | 2 |  Full Baths | | 0 | 0 | Half Baths | | 2 | 2 | Total baths | | 0 | | Rooms | | 0 | 1 |  Parking | | 944 | 944 |  Interior sf | | 0 | |  Lanai sf | | 944 | | Total sf | | $450,000 1/15/2024 | | Original list | | Active 444 DOM | | Status | |
$450,000
| |  List price | | Fee Simple | Leasehold | Tenure | | No | | Fractional | | 1984 | 1984
1984 | Year built | | na | | Conversion | | 0 na | | Remodeled | | 28 % | Biennial Reg, § 6. | Owner Occupancy | $ 0
$ 0
$ 0
$ 0
Includes:
None
AC Central
Cable TV
Hot Water
Internet Service
Sewer
Water
NONE | | AOAO fee
AOAO other
Maint fee
AOAO total fees | | 18 | 23 | Floor | Garden
Marina/Canal | |  View | | Land Court | | Recorded | | Apartment Precinct | APART | Zoning | | Zone - AE | Flood Map
Tsunami Map | Flood | | na | | Restrictions | | Excellent | | Condition | Bedroom on 1st Level
Central AC
Even# Unit
Full Bath on 1st Floor
Single Level | | Features | | Other | | Flooring | AC Central
Cable TV
Dishwasher
Range/Oven
Refrigerator
Smoke Detector | | Inclusions | | na | | Exclusions | Key
Keyed Elevator
Security Patrol
Video | Guard
Locked Lobby
Resident Manager
Enter phone | Security | BBQ
Club House
Community Laundry
CNDAP
Fire Sprinkler
Meeting Room
Pool
Recreation Area
Resident Manager
Security Guard
Tennis Court
Trash Chute
Walking/Jogging Path
Whirlpool | | Amenities | | na | | Frontage | | High-Rise 7+ Stories | Condo
25 Stories
385 Units | Architecture | | na | | Model | | Liliuokalani Plaza | Skyscraper | Above Ground
Concrete | | Materials | | 21+ | | StoriesType | Call Listor
Disclosure Stmt
See Remarks | | Disclosures | | NA | | Parking stall ID | | | | | | | | 0 | 1518 | Public Report | None
Garage
Guest
Other
Secured Entry
Street | | Parking | | 3 | Guest parking | | 4 | Passenger 4
Freight 0 | Elevators | | na | | AOAO Name | | na | | AOAO Ph | | Touchstone | Touchstone Properties Ltd | Management Co Name | | (808) 566-4100 | | Management Co Ph | | na | | Buyer Financing | | na | 1st Mortgagor | | 0 | 1st Mortgage | | na | 2nd Mortgagor | | 0 | 2nd Mortgage | | No/na | | Foreclosure/Case# | | 2024 | 2020 | Property tax year | | $ 192,100 | $ 173,600 | Land assessed | | $ 516,300 | $ 465,800 | Building assessed | | $ 0 | $ 0 | Home owner exemption | | $ 708,400 | $ 639,400 | Total assessed RPAD | | $ 0 | $ 186 | Tax per month rates | | 0 | | Total rent | | | Building Permits | At Closing
Negotiable | | Possession | | None | | Special | Cash
Conventional | | Financing
Affordability
Apply Online
PDF application | | Partial | | Furnished | | No | | New development | Estimated summary Buyer closing statement
calculated at list price | | x Price | Total | Buyer Share | | | 0.375% | 1,688 | 40.0% | 675 | + ALTA Insurance | | 0.314% | 1,415 | 50.0% | 707 | + Escrow Fee | | | | | 350 | + Condo Transfer | | 0% | 3103 | | 1,732 | = Sub-total | | | | | (2,768) | = Sub-Total | | 450,000 | | | 450,000 | + Price | | | | | 447,232 | = Est Cost to Buy* | | * Excluding loan fees, pro-rations, special and sundry fees. Escrow companies and lenders also calculate estimated closing costs for you. |
| | Monthly | Cost to own estimate: | | $ 0 | Real Property Tax | | $ 0 | Association Fee | | $ 901 | Lease Rent | | $ 901 | Cost to own
(ex Mortgage, Ins & Elec) | | 1/15/2024 | | Active | | na | | Price change | | na | | Continue to show | | na | | Pending | | na | | Temp withdrawn | | na | | Back on market | | na | | Withdrawn | | na | | Off market | | 1/15/2024 | | Status change | | na | | Advertise | | na | | Auction | | Compass | Listing Firm | | tom.presler@compass.com | | Listing Participant | | 1/15/2024 | | Photos uploaded | | 1/15/2024 | | Supplement Mod |
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© is provided by
Hawaii Home + Commercial LLC
Affiliated Companies: ·
Robin Charles Glass (R), MBA, eng.
Principal Broker, Managing Member
Ph: (808) 358-1774
Email: glassr@hawaiihome.cc
Administrator, Managing Member
Ph: (808) 372-9136
Email: mamiglass@gmail.com
MLS and Public Records Databases synchronized every 15 minutes. Includes information from the Multiple Listing Service of HiCentral MLS, Ltd. IDX information is provided exclusively for consumers` personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the information is deemed reliable but not guaranteed. © 2020 by HiCentral MLS, Ltd.
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