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SOLD as of Oct. 16, 2014
Condominium Apartment #1102
Two Bedrooms and one Bathroom
MLS: 201414287
Asking Price: $335,000.00 (FS)
Sold Price: $310,000.00 (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 11th floor apartment has a larger open Lanai.
This apartment has One Master Bedroom, plus a Sitting Room, or an Office, or Second Bedroom. There is One Bathroom.
The apartment is available as fully-furnished (appliances & furniture) and is ready to move-in condition.
There is a Washer and Dryer in the apartment. The rooms have laminate/tile floors and/or wall to wall 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/locker. Parking Stall #80 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 #1102.
Frequntly Asked Questions:
1. Is Atkinson Towers a Cooperative or a Condominium?95%+ of the units have already been converted to Condominium,
but 8 of the units are still known at Co-op, so the project is known as ″Mixed-use″ building. Unit #1102 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 Ocean can be seen from the Lanai or from the Living Room.
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). LENDERS:
Bank of Hawaii and First Hawaiian Bank will write a ″Portfolio″
loan at 20%-30% down for Owner Occupants/Investors.
3.5 VA Financing - NEWThe VA has approved Atknson Towers Inc. for VA Financing,
at 4.75% Fixed for 30 years, with no points and Five percent (5%) Down Payment (Based on Credit Score).
4. NOSeller's Financing (no Agreement of Sale or Purchase Money Mortgage).
5. Future?There is a good chance, over the next 2-3 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 #403 at $285K; Unit #504 at $299K; Unit #1004 at $310K; Unit #1403 at $314K;
Unit #1404 at $310K; Unit #604 at $315K; Unit #807 at $320K; Unit #1605 at $300K; and Unit #1502 at $339K.
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 #1102.
8. What about air conditioning?It is possible to install A/C, with a split system, and/or portable window units, with AOAU approval.
9. Why are the owners selling this condo?The Owners/Sellers, as Investors, want to down-size for retirement.
* 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.
