Atkinson Towers Condo #1403

Asking Price: $325,000.00 (Fee Simple)

This 15 story high rise building is a block to the Hawaii State Convention Center; across the street from the Ala Moana Hotel; behind Yacht Harbor Towers and the YMCA complex; one block to the Ala Moana Center, Ala Moana Beach Park, Pacific Ocean, and at the entrance to Waikiki.

The 14th floor apartment has an smaller Lanai that creates a larger living area. This apartment has One Bedroom and One Bathroom. A Second Bedroom can be installed in the living area.

The apartment is partly-furnished (appliances) and has been upgraded and renovated. There is a Washer and Dryer in the apartment. The rooms have wood or laminate floors and/or carpets.

Atkinson Towers is a secured building, with two elevators, and there is a Maintenance Manager. The project has a pool (not heated), individual Owners' assigned storage/lockers. Parking Stall #46 is assigned to this unit, with a fixed lease-rent at $46.22 per month, until Dec. 31, 2016. Basic cable TV (high-speed internet is available).  No Pets are allowed.

Frequntly Asked Questions:

1. Is Atkinson Towers a Cooperative or a Condominium? 95%+ of the units have already been converted to Condominium, but 6 of the units are still known at Co-op, so the project is known as ″Mixed-use″ building. Unit #1403 is a Condominium.

2. What about the views? The swimming pool, the Ala Wai Canal, Yacht Harbor and partial views to the ocean can be seen from the Lanai.

3. What about financing? Credit Unions, Bank of America, Wells Fargo and most of the Mainland Banks/Lenders won't write a mortgage on Atkinson Towers, because it's a Mixed-use project (Coops and Condos). NEW - Announcement: Sandalwood Home Loans will write a conventional mortgage with 10% down payment for 30-years fixed (Owner Occupants). Bank of Hawaii, Central Pacific Bank and First Hawaiian Bank will write a ″Portfolio″ loan at 20%-30% down for Owner Occupants/Investors.

4. YES. The Owner/Seller will consider Seller Financing with an Purchase Money Mortgage, with 25% down, for 5 years, at 5% interest, all depending on the credit report and/or a financial statement. This could save the Buyer upwards of $4,000 to $6,000 in points & closing costs.

5. Future? There is a good chance, over the next 3-4 years, all the Co-op stockholders will convert to Condominium, and the building will NOT be a mixed-use project. All the financing will go back to Conventional (FHA, VA, etc.).

6. What have been the sales in Atkinson Towers as comps? Unit #1402 at $270K; Unit #1404 at $310K; Unit #1603 at $295K; Unit #1605 at $300K; and Unit #306 at $348K.

7. What are included in the Maintenance Fees? Building/Flood/Fire insurance, Maintenance Manager and staff, water, electric, sewage, elevator maintenance and waste/trash removable contracts, and basic TV cable. The electricity (HECO) is not included for Unit #1403.

Interior Area: 789 sq.ft. Plus: Open Lanai: 58 sq.ft.: Total 847 sq.ft.
Maintenance Fee: $465.25  /  Other Monthly Fees (Parking Stall Lease Rent): $46.22
Total Monthly Fees/Charges: $511.47
Bedroom: One  /  Bathroom: One  /  Open Parking Stall #46

Your Host: Walt Flood, REALTOR ®
Walt Flood Realty ®  * Cell: 808-783-7684 *  Office: (808) 922-1659
 2092 Kuhio Ave., Home Office, Honolulu, HI 96815
E-mail:  *  Website:

* All information contained herein is obtained from sources deemed reliable, no representation is made as to the accuracy thereof, & it is submitted subject to errors, omissions, changes & withdrawals without notice.