|Open House - Jan. 5, 2014
Sunday 2:00 - 5:00 pm
Condominium Apartment #403 (Two Bedrooms & One Bathroom)
Asking Price: $295,000.00 (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 Shopping Center, Ala Moana Beach Park (Magic Island), and at the entrance to Waikiki.
The 4th floor apartment has a 116 sq.ft. Lanai that creates a larger living area.
This apartment has 2 Bedrooms, with 1 Bathroom.
The apartment is available as furnished, and has been recently renovated.
There is a Washer and Dryer in the apartment. The rooms have wood 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 #77 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, with the exception of
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 #403 is a Condominium.
2. What about the views?
The swimming pool and the Ala Wai Canal can be seen from the Lanai.
The mountains, surrounding buildings and the Ala Wai Canal been seen from the outside walkway.
3. What about financing?
Credit Unions, Central Pacific Bank, 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) and the parking lot is ″Leasehold″.
But, Bank of Hawaii, First Hawaiian Bank and City Bank will write a ″Portfolio″ loan at 20%-25% down for Owner Residents, and higher for Investors.--
4. What have been the last sales in Atkinson Towers as comps?
Unit #706 at $265K; Unit #507 at $277K; Unit #1404 at $310K; Unit #807 at $320K; and Unit #306 at $348K.
5. What is 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 #403.
6. Why are the Owners selling this condo?
The Owners/Sellers own three (3) units in the building and want to down-size for retirement.
Interior Area: 740 sq.ft. Plus: Open Lanai: 116 sq.ft.: Total 856 sq.ft.
Maintenance Fee: $449.84 / Other Monthly Fees (Parking Stall Lease Rent): $46.22
Total Monthly Fees/Charges: $496.06
Bedrooms: Two / Bathrooms: One / Open Parking Stall #77
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: WaltFloodRealty@gmail.com * Website: WaltFloodRealty.com/