15-1361 AUINA ST PAHOA HI 96778

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For Sale: great Deal

Asking Price

$95,000

$66/sf

$18k/ac

Smart Price

$420,724

$292/sf

$79k/ac

Assessed Value

$366,200

$254/sf

$69k/ac

THIS IS A LEASEHOLD PROPERTY- with 17 years left on renewable lease!
Located in the Keonepoko Iki Farm Lot subdivision, Pahoa Agricultural Park this 5.34 acres property has a 3 bedroom, one bath home (1,440 sf) with office space on a cement slab.
There are 4 greenhouses totaling 3,960 sf, (20' x 132'), a packing shed with loading dock (42' x 94' = 3,948 sf).
There is more covered area in front of the 4 greenhouse that totals 2,640 sf (20' x 134') and a stand alone greenhouse in the front section of the property that totals 2,016 sf (96'x 21").
There are also 2 smaller greenhouses that need new plastic.

Great neighbors on a dead end street with minimal traffic. Property has both electric and county water.
Look for paperclip to download a one page information sheet for requirements. for further information, be see below.

LEASE INFORMATION:
Term of Lease: 55 years
Effective date of original lease: 5/1/1982
Expiration date: 4/30/2037
Rent reopening date: 5/1/2022
Annual lease rent up to 5/1/2022: $880.00 per year
Semi-annual lease rent payment due dates: 5/1 and 11/1
Semi-annual lease rent: $440.00 every 6 months
Additional rent: 1.5% of the gross sales


ANY BUYER MUST BE QUALIFIED VIA STATE OF HAWAII DEPT OF AGRICULTURE (HDOA.HAWAII.GOV) AS A "BONAFIDE FARMER" AND BE ABLE TO SHOW AVAILABLE RESOURCES, AS WELL AS COMPLETE A DEPT OF AGRICULTURE APPLICATION. INTERESTED BUYERS SHOULD GO TO THE WEBSITE TO REVIEW QUALIFICATIONS UNDER "ADMIN RULES". CLICK ON CHAPTER 153, AGRICUTURAL PARK PROGRAM RULES. TO ASSUME THIS STATE OF HAWAII LEASE, BUYER MUST BE A 3 YEAR HAWAII RESIDENT AND HAVE AT LEAST 2 YEARS OF AGRICULTURE EXPERIENCE OR A BS IN AGRICULTURE!
http://hdoa.hawaii.gov/wp-content/uploads/2012/12/AR-153.pdf

The Basics
Status
For Sale
Property Type
House
Beds
3
Baths
1
Living Area
1,440 sf
Lot Size
5.3 acres
Days on Market
205
Land Tenure
Leasehold
Financial
Tax Assessed Value
$366,200
Year Assessed
2020
Terms Acceptable
Cash
Property Taxes
$244/mo
Lease Fees
$880/mo
Parcel #
151160430000
Amenities
Flooring
Carpet
Inclusions
Washing Machine, Refrigerator, Range/Oven
Features
Greenhouse
Fence or Wall
Rock/Stone
Land
Lot Number
16
Lot Description
Clear, Grassy
Land Sqft
232,393
Elevation
175 ft
Latitude
19.50809004
Longitude
-154.95341308
Subdivision
PAHOA AGRICULTURAL PARK
Topography
Fairly Level
Roads
Paved
Zoning
A-5A - Agricultural, 5 acres
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.
Lava Zone
Zone 2 - Areas adjacent to and downslope of zone 1. 15-25% of zone 2 has been covered by lava since 1800, and 25-75% has been covered within the past 750 years. Relative hazard within zone 2 decreases gradually as one moves away from zone 1.
Leasehold Expires
2037
Land Use
Agricultural
Building
Property Type
House
Beds
3
Baths
1
Year Built
1989
Waste Water
Cesspool
Water
Municipal
Power
Overhead
Rent Expire
2037
Parking
Vehicle Storage
Covered
MLS Data
MLS #
638273
Listing Agent
Glenn Swanson RS-74817
Brokerage
Hilo Bay Realty LLC
Source
Hawaii Information Service
Listing Date
2020-04-02
Other
Contact Agent