4141 LEI O PAPA RD #6 $264,000
- 3 Beds
- 3 Baths
- 1,761 sq. ft.
- Condo/Townhouse
- MLS# 665534
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Property Details
Enjoy Affordable Fractional Ownership - Deeded fee simple ownership for Interval OCTOBER 15 to DECEMBER 14 every year. Can be paid off free and clear for similar amount as down payment on a similar condo. Located in Princeville's prestigious gated community of the Villas of Kamali'i, you will enjoy panoramic mountain views, heated swimming pool, spa and barbecue area, not to mention being minutes from some of the most beautiful beaches in the world. A 2021 Honda Pilot SUV, seating 8, is included in the ownership and the garage plus dedicated outdoor parking area makes for convenient ease of use. This beautifully furnished turnkey townhouse style condo sits overlooking the Makai Golf Course with great views and cool trade winds. While most units are surrounded by other buildings or busy roads, the entire side fronting the golf course gives a spacious, open feeling for this home. The upstairs bedroom even has mountain views. All costs for operating the condo are equally shared by the six fractional interval owners and include all utilities, internet, phone, TV, homeowners association dues, taxes, insurance, vehicle costs, and a reserve allowance for replacement of furniture, appliances, and vehicle. Cost savings from not having to rent a vehicle for 2 months each year compensate for a large part of each owner's total annual costs. For 2023 each owner's annual operating cost is billed quarterly at $1,500 plus a $200 reserve allowance. This cost comes out to approx. $113 per night which should be contrasted to vacation rentals of similar units of $500+ (plus taxes and fees) per night. This unit cannot be used as a vacation rental.
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General Features
- Land Tenure Fee Simple
- Subdivision PRINCEVILLE
- Location VILLAS OF KAMALII #6
- Bldg Units 6
- Oceanfront Parcel N
- Pool N
- Interior Area Total 1,761
- Full Bathrooms 3
- Three-Qtr Bathrooms 0
- Half Bathrooms 0
- One-Qtr Bathrooms 0
- Year Built 2002
- Taxes Annual $8,762
- Fees-Total (Monthly) $916
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Building Features
- Floor Covering Ceramic Tile
- Appliances Disposal, Dishwasher, Microwave, Refrigerator, Range/Oven
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Property Features
- Land Area 0
- Roads Private, Paved
- Parking Description Covered, Attached
- Solid Waste Disposal Trash Included with Maintenance Fees
- Power Underground
- Water Private
- Wastewater Septic
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Neighborhood
96722 (PRINCEVILLE) Demographics
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Property History
| Date | Price |
|---|---|
| -- | New Value: $264,000 |
| 10/9/2023 8:48:42 AM | New Value: Contingent |
| 9/28/2022 11:49:00 AM | New Value: $264,000 |
Payment Calculator
** Assumes 7.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.