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SOLD
MLS: 669210
 
Asking Price: $99,000 Fee Simple
Sold Price: $95,000
Sold Date: 09/18/2023
Type: Land
District: South Hilo
Street: 2582 Ainaola Dr
Neighborhood: Ainaola Heights Subdivision
Style: Vacant
Land Area: 7,500 SF
Days on Market: 365
Year Built: 0
Easements: Cable,Electric,Other (remarks)
Zoning: A-3A
Roads: County,Paved
Property Taxes: $616
Assessed Value: $55,500
Assessed Ratio: 178.38%
Listing Courtesy: eXp Realty
Terms Acceptable: 1031 Exchange,Cash
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Cooler Climate Waikakea Uka Parcel in Ainaola Heights Subdivision

Take a drive by this affordable residential lot in Waiakea Uka where you will enjoy a cooler climate that gives you a welcome reprieve from the heat of the lowlands. Just minutes from shopping, schools, businesses, dining, entertainment, and the hub of Hilo Town.

Though this property is designated flood zone A, the DPW (Department of Public Works) has determined, in writing, that there will be no flood restrictions on construction and the lowest height on the property is 10 feet above the BFE (Base Flood Elevation).

Seller will convey the 2010 Flood Study by Paul Nash which establishes the Base Flood Elevation at 1,115’. The Flood Elevation Certificate and the K-1 Survey performed by Dan Berg have already been shared with Bryce Harada at the County. Bryce confirms that the minimum elevation on the lot is 1125’, ten feet above the BFE of 1115’. A Post-Construction Elevation Certificate would not be required since Dan Berg's survey information confirms the proposed dwelling location is entirely above the flood study’s BFE.

Slab construction is fine for your home on this lot.

Buyer should consider applying with FEMA to have the Flood Zone Designation removed (seller does not assure that will be approved) to remove flood insurance requirements. Those requirements will still apply unless that designation can be amended.


 
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