The Wailana at Waikiki Penthouse #2003.

In Escrow (taking back-up offers)

Penthouse Condo #2003
Two Bedrooms & Two Full-Baths

Asking Price: $785,000.00 (FS)

"NEW"- Portfolio Financing -
10%-20%-30% Down at 15-30 years fixed mortgage

This 24 story high rise building is across the street from the Hilton Hawaiian Village, a block to the Hale Koa Hotel and Fort. DeRussy (US Army), a few blocks to the Hawaii State Convention Center; the Ala Moana Shopping Center, Ala Moana Beach Park (Magic Island), Pacific Ocean, and at the entrance to Waikiki.

The 20th floor Penthouse has a larger living area, two bedrooms and two bathrooms.

The apartment is fully furnished, plus Washer and Dryer, Central Air condition, and has a large floor to ceiling glass sliding doors, to the 979 sq.ft. open Lanai. Plus: Wall to wall hardwood floors throughout the apartment. This Penthouse 2003 is ready to move in.

The Wailana is a secured building, with three elevators, and there is a Resident Manager, and a Security Patrol. The project has a pool (not heated), individual Owners' assigned storage/lockers and parking stalls. Basic cable TV is included in the maintenance fees (High-Speed Internet is available).    Pets are allowed (with restrictions), with the exception of certified seeing-eye dogs.

Note: The parking stalls #257 and #258 are assigned to Penthouse #2003, and they are covered and just a few steps to the front door to the building's entrance to the 2nd floor.

The Wailana restaurant/bar is open 24/7 and serves residents, locals, visitors, and has appeared in Hawaii Five-O a number of times over the years.

Interior Area: 1,381 sq.ft.  /   Open Lanai: 979 sq.ft.  /   Total Area: 2,360 sq.ft.
Maintenance Fee: $967.11.   /   Sub-meter Assessment: $620.44.
Total Monthly Fees/Assessment: $1,587.55 (Assessment to end on/before June 1, 2013).

Real Property Taxes: $130.00 (2012/2013).
Bedrooms: Two  /   Bathrooms: Two  /  Covered Parking Stalls: Two

Frequently Asked Questions:

1. What are the Maintenance Fees? The Maintenance fee for PH #2003 is $802.99 plus $132.26 for the Capital Reserve account, plus $31.86 for the Operating Reserve account, plus $620.44 for the Special Assessment for the electrical sub-meterting (to end on/before June 1, 2013) for a total of $1,587.55/month.

2. Is the Wailana at Waikiki Condo Leasehold or Fee Simple? The project is known as ″Mixed-use″ building, because there are LH and FS units in the condo. Penthouse #2003 is fully Fee Simple.

Please turn-over this page for more FAQ.


3. What about Financing? At the current time: most lenders won't write a FHA, or a VA mortgage, because it's a ″Mixed-use″ project (LH and FS units). But, Bank of Hawaii or First Hawaiian Bank WILL write a ″Portfolio″ Loan at 10% - 20% down for Owner Residents, higher for Investors.

Note: This communication is provided to you for informational purposes only and should not be relied upon by you. Walt Flood Realty is not a mortgage lender and so you should contact First Hawaiian Bank and/or Bank of Hawaiian providing mortgage product(s) directly to learn more about its mortgage products and your eligibility for such products.

4. Should you preview Wailana at Waikiki units? YES, if you are ″Cash Buyer″, but NOT if you are looking to finance, unless you have received a ″pre-qualification″ letter from either First Hawaiian Bank, or Central Pacific Bank, or Bank of Hawaii.

5. What is included in the Maintenance Fees? Building/flood/fire insurance, Resident Manager, Property Management Company, Building Engineer, Operations Supervisor and on-site staff. Hot water, building electric, sewage, elevator maintenance, waste/trash removable contracts, and basic TV cable. The electricity for the condo is included in the Maintenance Fees, but this ends on/before June 1, 2013 when each condo has it's own electric meter.

6. Why is the Owner selling this Penthouse Condo? The Owner/Seller has just moved into a Assisted Living Care - Home - here in Honolulu, afer enjoying living in this Penthouse since 2001.

Note: This information is from sources deemed to be reliable, but is not guaranteed and the Seller or the Seller's Agent and/or the Buyer's Agent are not liable or responsible for any inaccuracies, error and/or omissions.

Your Host: Walter W. Flood, R, PB
Walt Flood Realty ®  * Phone: 808-922-1659 *  Fax: 1-866-912-8984 (Toll Free)
 2092 Kuhio Ave. Honolulu, HI 96815
E-mail: WaltFlood@gmail.com  *  Website: WaltFloodRealty.com/

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