KAHANA, MAUI NOELANI 215 YOUR Direct Oceanfront Condo

Transcription

KAHANA, MAUI
NOELANI 215
MBA, REALTOR® (S)
YOUR Direct Oceanfront Condo
Showcasing a direct ocean view , this 1-bedroom,
1-bathroom 2nd floor corner unit property offers 756
square feet of living area. Sold furnished with
exceptions. The Noelani is an intimate 50-unit,
three building low-rise development centrally
located in the heart of Kahana (by “S” turns).
Offering 2 ocean side pools, spa and quick walks to
the beach, the development allows daily vacation
rentals. YOUR time is Now.
Offered at $469,000 fee simple
Multiple Listing #
Bed / Bath
Living Area
Community Size
Association Fee
Property Taxes
Tax Map Key
340098
1/1
756 sq. ft.
1.43 acres
$946
$483 per month
2 – 4 – 3 – 9 – 2 - 46
YOUR Time Is NOW
Notes: This information is deemed reliable but is not guaranteed
RAYMOND S.F. CHIN · MBA, REALTOR® (S) · 866 867 5673 e-fax · Ray@RayChin.com
MAUI ESTATES INTERNATIONAL, LLC · 10 Hoohui Road, Suite #103 Lahaina, MAUI HI 96761
LISTING
INFORMATION
MBA, REALTOR® (S)
#
L Price
1 $7,600,000
1
2
3
4
5
6
7
8
9
Monthly Assn
Fee
Tenure Unit Bds Bths Liv-SF Lnd-Acr $/Liv-SF MLS #
District
Address
Bldg Nm
Kahana
20 HUI ROAD E
-
$0
FS
75 Iliahi way
-
$130
FS
2 $1,250,000 Launiupoko
5
6
5,273
0.48 $1,441 340032
B
2
2
1,008
0.50 $1,240 340070
3 $789,000
Kapalua
100 Ridge Road
Kapalua Ridge
$647
FS
714
1
2
1,125
4 $749,000
$749 000
Kaanapali
106 KAANAPALI SHORES PLACE
Maui Kai
$968
FS
808
1
1
704
1 72 $1,064
1.72
$1 064 340114
5 $749,000
Kahana
4401 Lower Honoapiilani Road
Hololani
$957
FS
B802
2
2
947
1.43
$791 340029
6 $649,900
Kahana
4909 Lower Honoapiilani
Kahana Sunset
$1,100
FS
C6
2
2
952
4.47
$683 340030
7 $649,000
Lahaina
205-4 FRONT STREET
Puamana
$619
FS
205-4
1
2
642
30.00 $1,011 340110
8 $598,000
Kaanapali
110 KAANAPALI SHORES PLACE
Mahana
$896
FS
312
0
1
456
5.01 $1,311 340279
9 $469,000
Kahana
4095 Lower Honoapiilani Road
Noelani
$946
FS
215
1
1
756
1.42
21.80
$701 340147
$620 340098
DEVELOPMENT
OVERVIEW
MBA, REALTOR® (S)
NOELANI 215
Sold furnished with exceptions
Bed / Bath
Living
g Area
Community Size
Association Fee
Property Taxes
Tax Map Key
1/1
756 sq.
q ft.
1.43 acres
$946
$483 per month
2 – 4 – 3 – 9 – 2 - 46
The Noelani is an intimate 50-unit,,
three building low-rise development
centrally located in the heart of
Kahana (by “S” turns). Offering 2
ocean side pools, spa and quick walks
to the beach, the development allows
daily vacation rentals.
Island Location : Honokowai
Property Description : 50 apartments
in three buildings (two 2-story and one
4 story buildings)
4-story
Land Area : 1.43 acres
Location : Beach Front
Long Term Rental : Y
Parking Stalls : 51
Parking
g Stalls Per Apartment
p
:1
Year Bldg. Completed : 1974
Ocean View : yes
On-Site Manager : yes
Owner Occupancy : 15%
Tax Map Key : 2-4-3-9-2
T
Tenure
: Fee
F Simple
Si l
Zoning : A-2"
Pets Allowed : No
RENTAL
HISTORY
MBA, REALTOR® (S)
Noelani 215 - Historical Gross Rental Revenue
Year
2006
2007 *
2008
2009
TOTAL
Gross Revenue $
$58,529
$28,655
$46,877
$31,077
$165,138
Property Management Fee %**
33%
34%
35%
36%
YTD 10/31/09
* 2007: Seller occupied the unit for personal use. Property was also renovated.
** Noelani Rental Association.
Property Management Fee % Calculation = Management Fee / Gross Income
Source: Provided by Seller on 7/14/09 & 10/31/09
To view development website, please visit
http://www.noelani-condo-resort.com/
EXPENSE
HISTORY
MBA, REALTOR® (S)
NOELANI 215
EXPENSES*
Monthly
Annual
Maintenance / AOAO Fees:
$946
$11,355
Real Property Tax:
$468
$5,621
Note
Utilities
Electricity**:
Included in AOAO
Water:
Included in AOAO
Cable:
Included in AOAO
Internet:
Included in AOAO
Phone:
$25
$300
Unit insurance/ Home Warranty***
$0
$0
Grounds / Amenities Maintenance:
TOTAL
Included with the Noelani
property management service
Included in AOAO
$1,415
$17,276
* All expense figures provided by Seller (7/14/09).
UPGRADES &
ASSOCIATION FEE OVERVIEW
MBA, REALTOR® (S)
NOELANI 215
Bed / Bath
Living Area
Communityy Size
Association Fee
Property Taxes
Tax Map Key
1/1
756 sq. ft.
1.43 acres
$483 per month
2 – 4 – 3 – 9 – 2 - 46
SELLER UPGRADES
Seller’s 2007 Renovation included:
• New carpet through out
• New kitchen counters, sink, disposal.
• Upgraded all kitchen utensils, dishes and
glassware
• New furniture
• New ceiling fans
• Black out curtains
• New bathroom counter, sink,
faucet, and lighting
• Custom paint throughout the unit
ASSOCIATION FEE INCLUDES
• Maintenance of common areas
• Maintenance of amenities & common
structures (pools, club house)
• Insurance coverage for the development
• Electricity of common areas & unit
• Water (common areas and specific property)
• Sewage and refuse
• Cable
OWNERS ADDITIONAL EXPENSES
• Internet
• Phone
Ph
• Mortgage Debt
• Real Property Tax
• Property insurance (interior)
• Vacation rental property management
INCOME/EXPENSE
STATEMENTS
MBA, REALTOR® (S)
NOELANI 215
Bed / Bath
Living Area
Community Size
Association Fee
Property Taxes
Tax Map Key
1/1
756 sq. ft.
1.43 acres
$946
$483 per month
2 – 4 – 3 – 9 – 2 - 46
The following documents includes
the detail INCOME/EXPENSE
statements for Noelani 215 from
2006 – 2009 (YTD 10/31/09)
2007: The Seller occupied the
unit quite a bit and it was also
renovated.

KAHANA, MAUI NOELANI 215 YOUR Direct Oceanfront Condo

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