The property for sale is on a 9.27 acre parcel inside a gated farm community, the bigger parcel owned in a partnership (Hui) with 3 other land owners all having separate clear title (Quitclaim)deeds, recorded by the Bureau of Conveyances. (All land is Zoned Ag.)
The water meter also owned in partnership it has private meters off one main one and property has water storage tanks.
5.44% interest in 9.72 acres (is exactly 0.5 acre)
This 1/2 acre property is off the grid with a solar electricity system and a new propane refrigerator, range oven and Paloma hot water heater.
One generally uses a 4 Wheel Drive Vehicle to access the property.
The 2 structures on the property are both unpermitted:
One is a 500 SF farm dwelling cottage (referred to as the Main cottage) and the ohana like unit is a one room, 168 SF of living space.
Both have outdoor (yet covered) flush toilets and uncovered shower.
There is no standard equity in this property, however seller financing could be arranged. No appraisal will be done. There is the equity in the various owners privately held property interests and also the entire property held in common.
A Co-tenancy Agreement that is currently being revised is required to be signed by the new owner, to join into the land (hui) partnership. Before one submits an offer to buy this 5% interest one is required to read the entire proposed changes co-tenancy agreement and ask questions before prodeeding into escrow and calling a meeting with other land owners in preparation for the transfer of property interest to a new buyer.
If a termite inspection is required then it will be paid for by buyer, seller will assist in this matter.
This agriculturally zoned country lot is located at an elevation of about 1100 ft up on the slopes of Haleakala and has amazing unobstructed views of the oceans, with no other houses in front of the sweeping ocean views of both house stuctures.
Area: Kula/Ulupalakua/Kanio
Size of Property - .50 (1/2 acre)
(2 ½ miles past Ulupalakua Ranch Office, south-east towards Kanio)
Partially fenced
Peace & serenity w/ unbelievable unobstructable ocean views! Half acre of Hui Land with a farm dwelling and ohana like unit being sold strictly in an "as Is" condition. Cash buyers only or seller will consider Financing with minimum of 50% downpayment to a potential qualified buyer.
The main cottage is currently being rented on month to month basis for $1,000. The Ohana like unit would be an additional monthly rental income of approximately $500 or could be used as a caretakers unit as it is being used for now.
Serious potential buyers will be screened, shown the property and given a copy of the proposed changes of the original Co-Tenancy agreement and should review carefully this document as well as all of the information at http://www.oocities.org/uluproperty/index.html prior to setting up an appointment to view the property.
Price just lowered from $350,000 to only:
$300,000!!!
Approximately total living space 668 sq. ft.
(Main House and Ohana like Unit together)
3 bedrooms including the ohana like unit - 2 flush toilets and two outdoor showers.
Schools: Kula Elementary, Middle School
Samuel E Kalama Intermidiate High school
King Kekaulike High
Satellite TV available
Telephone Service Available
(Currently 2 lines available and one is hooked up and only one line is being used now.)
Solar Electric System (5 Solar Panels on roof)
Cesspool Sewer System
Lot size: 21,780 sq ft (.5 acre)
Year main cottage built 1988 - Ohana Unit completed in 2002 (needs minor completion work)
4 storage large spaces w/ additional possible basement.
Washing Machine
Vinyl Floors in Main house
(Ohana - carpet &/or wood)
Propane heated hot water
Propane range/oven
Propane refrigerator
Public water supply (private property sub-meter from main hui meter to Water Tank #3)
Single family Property
TMK: 2-2-1-4-105
List Price: $300,000 FS MLS Listing # 307934
3 Bedrooms, 2 outdoor uncovered showers, 2 outdoor yet covered flush toilets
Total Living area w/ohana like unit: 668 SF
Lanai: 280 SF Downstairs
View: Unobstructed Ocean views
Year built/Remodeled: 1988/2002
Topography: Steep Slope, Irregular
Showing: 24 hour notice required currently as there is a tenant
Ohana Data: 168 SF Lanai: 320 SF
Construction: Wood (Treated Lumber)
Additional rooms:
Sink wash room/outdoor room for flush toilet
Address: 801 Kanaio-Kalama Park Road
Land Parcel 105 (Driveway 3) Section D
Kula, HI 96790
Year built: 1988, Two story Ohana 2002 Two story
Public water supply.
Property now listed with:
Gregory P Smith -
(808) 280-1414 and
Ken Smith - (808) 280-4115
Coldwell Banker Island Prop. (M) - (808) 572-7277
Fax (808) 572-2419
Big Island
representing Realtor:
Kevin E. Lewis,
REALTOR® ABR® CFP®
www.BigIslandAgent.com
hiloagent@yahoo.com
Hilo Brokers, Ltd.,
Office: 808) 969-9400
Fax:(808) 969-3989
Toll Free: (877) 545-0306
