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SOLD
MLS: 611729
 
Asking Price: $1,279,000 Fee Simple
Sold Price: $1,250,000
Sold Date: 11/29/2018
Type: Residential
District: South Hilo
Street: 28-1197 Old Mamalahoa Hwy
Beds: 5   Baths: 3 Full / 2 Half
Living Area: 3,537 SF
Land Area: 5.53 Acres
Parking: None,Other (remarks)
Amenities: Ceilings-9\'+,Sprinkler System-Exterior,Exterior Lighting,Landscaped,Office,Storage Area,Smoke/Heat Detector
Days on Market: 2361
(The Price of the property was lowered by $116,000 on 08/27/2018)
Year Built: 2005
Zoning: RS-10
Roads: County,Paved
Land Recorded: Regular
Property Taxes: $4,959
Assessed Value: $926,400
Assessed Ratio: 138.06%
Listing Courtesy: Clark Realty Corp. - Hilo Orchid Isle
Terms Acceptable: 1031 Exchange,Cash,Conventional,FHA,USDA-Rural Dev
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Hawaiian farm with breathtaking ocean views.

Opportunity, Opportunity, Opportunity! Beautiful One-of-a-Kind Property with so many possibilities on 5.53 acres with breath taking ocean views. This home was built with tropical living in mind, with a lanai that wraps around most of the 2nd story and equal lanai space on the main floor. Living area alone is 3,537-sf PLUS a 3,584-sf warehouse with 4 garage doors offering endless uses....mega storage, workshop. And to add to its value, this property is Zoned RS-10.
There are a total of FIVE (5)-master bedrooms and 2-1/2 baths, including 2 master bedrooms and a large family/recreational room upstairs with a spacious lanai to take in the ocean views!
A spacious chef’s delight kitchen with custom African mahogany and eucalyptus cabinets, corian counter tops, 2 dish washers, cook top and microwave/oven combination. This kitchen, dining and living space are perfect for those who love to entertain large parties or intimate gatherings.
A PhotoVoltaic system with 132 panels (X 280 watts)=36,980 watts utilizing state of the art technology system and has a 20-yr PhotoVoltaic FIT metering (transferable) contract with HELCO at approximately $1,000./mo income from 1/1/13 to 12/31/2032. 75 additional PV panels for house use on NET metering, making your electric bill minimal. In total:$500,000 owner investment in state of the art PV systems. There is also a 3rd backup PV system that provides for uninterrupted service in case of power failure.
The property also has 6 enclosed plastic catchment tanks for a total of 16,000-gal.
The owners also installed two 1-1/2” pipe in the brand new concrete driveway, in preparation for County water connection.
Tear-drop designed landscaping with electrical and plumbing installed for lighting & sprinkler.
Banana orchard PLUS a variety of citrus, rambutan, durian & much more.
A primary residence or a Bed and Breakfast, shown by appointment only!


 
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