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848 Kamalu Rd Kapaa
Property

4 Bd  4 Ba  3,112 sf  1.8 ac

94 days

$999K  Great Deal

Escrow

Asking$999K
Assessed$1.07M
Market$1.48M
  1. HI
  2. Kauai
  3. East Side
  4. Wailua

848 Kamalu Rd Kapaa HI 96746

This property has a pending offer.A contingent listing means a seller has accepted an offer from a buyer. In some cases, the seller will accept backup offers.

Developers dream: existing 3,112 sq ft home and 1 additional homesite in a park-like setting adjacent to Sleeping Giant Half Acres of approximately 1.75 acres. This listing references an offering of a Co-Tenant (undivided) interest in parcel 4-4-4-11-2 see MLS 642381) consisting of approximately 1.75 acres, the 4BD 3,112 sq ft existing home, and one additional vacant building right for a second home. A land division process may result in the undivided interest becoming a divided, fee simple, deeded property with an independent TMK.

Electric and water service (1 meter) is in place for this property; however, a rerouting of utility service conduits may be installed by the developer or a rerouting of the waterline may be needed at Buyer expense as part of the 2nd meter install.

Ossipoff style home featuring an open floor plan with distinct Hawaiian style features. The home will require extensive renovation but is a diamond in the rough. There is a porte-cochere that greets Guests and protects the front entrance to the home. There are buffed cement floors and high ceilings throughout and classic mid-century bi-fold and pocket doors original to the home. The fireplace is a common Ossipoff feature. There are four bedrooms (functionally five) and an Office off the front door. Every bedroom and the Office has it's own bathroom, four in total. The 140 square foot Master Suite and Bath are spacious for their day. The original Servant's Quarters are situated off the Kitchen and have a 160 square foot deck - this would make an excellent In-Law Unit or Guest suite. The home was built in 1949 and is in its original condition. A new aluminum shake shingle roof was installed in 2014 and the home has a full 5 bedroom Septic system installed in June 2004. Termite was done in August 2020. Survey/staking done in August. See attached Addenda. 2020. All Buyers must provide Listor with a Pre-Qualification Letter or Proof of funds.

Financial

Status
for sale
Market Value
$1,477,208
Asking Price
$999,000
Assessed Value
$1,072,800
Year Assessed
2021
Terms
1031 Exchange, Cash, Conventional
Property Taxes
$462/mo
Parcel #
440110020000

Land

Tenure
Fee Simple
Frontage
None, Road/Street
Lot Number
135-
Lot Description
Grassy, Other (remarks), Wooded
Land Sqft
76,230
Elevation
No data
Latitude
22.06457667
Longitude
-159.36249401
Subdivision
KAPAA HOMESTEADS 2ND SERIES
Topography
Fairly Level, Gentle Slope
Roads
County, Paved
Zoning
R-2 - Residential District
Flood Zone
X
  • Zones beginning with “A” or “V” are high risk. There is at least a 1 in 4 chance of flooding during a 30-year mortgage.
  • Zones beginning with “B”, “C” or “X” are moderate-risk flood zones. The risk of flooding is reduced, but not completely removed.
  • Zones beginning with “D” have undetermined flood hazards or unstudied areas.
Easements
Electric, Water
Recordation
Land Court

Building

Property Type
House
Beds
4
Baths
4
Living Area
3,112 sf
Year Built
1949
Design
Double Wall, Single Wall/Dbl Board, Stone
Waste Water
Septic
Water
Municipal, Meter Installed
Power
Overhead
Trash Disposal
County-Charge

Parking

Vehicle Storage
Covered

Amenities

Flooring
Concrete
Inclusions
Drapes, None
Internet
Cable, Wireless
Features
Enclosed Lanai
Telephone
Cable, Cell, Land Line
TV
Satellite, Cable
Fireplace
Wood Burning

MLS Data

MLS #
645845
Days on Market
94
Est. Commission
$24,975
Listing Agent
Donald Pixler RB-20416
Brokerage
No data
Source
Hawaii Information Service
Listing Date
2021-01-07