Condominium Apartment #403
Two Bedrooms & One Bathroom
Sold Price: $285,000.00 (FS)
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), Pacific Ocean,
and at the entrance to Waikiki.
The 4th floor apartment has an Lanai that creates a larger living area.
This apartment has 2 Bedrooms, with 1 Bathroom. Each room has its own closet and private door.
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
certified seeing-eye dogs.
Click here for
Multiple Pictures of the building and from inside the apartment #403.
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 and First Hawaiian Bank will write a ″Portfolio″ loan at 20%-30% down for Owner Residents, and higher for Investors.--
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.).
5. 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.
6. 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 #601.
7. What about air conditioning?
It is possible to install A/C, with a split system, and/or portable window units, with AOAU approval.
8. 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
Google Hybrid Map to Atkinson Towers
Your Host: Walt Flood, REALTOR ®
Walt Flood Realty ® * Cell: 808-783-76856 *
Office: (808) 922-1659
2092 Kuhio Ave., Home Office, Honolulu, HI 96815
E-mail: WaltFloodRealty@gmail.com * Website: WaltFloodRealty.com/