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SOLD
MLS: 294942
 
Asking Price: $395,000 Fee Simple
Sold Price: $375,000
Sold Date: 12/12/2018
Type: Land
District: Kawaihau
Street: 6565-C Koolau Rd
Neighborhood: Moloaa & Kaapuna Hui Lands
Style: Vacant
Land Area: 5.89 Acres
Days on Market: 2918
(The Price of the property was lowered by $155,000 on 08/14/2018)
Zoning: O
Roads: Private,Unpaved
Property Taxes: $1,687
Assessed Value: $250,000
Assessed Ratio: 158%
Listing Courtesy: Kauai Tropical Properties, Inc.
Terms Acceptable: 1031 Exchange,Agreement of Sale,Cash,Conventional,PMM,Swap/Trade
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North shore ocean and mountain views, hilltop homesite.

On the north shore this tranquil property is full of potential, place your home on top of the hill and enjoy the expansive views. Being the highest point in the area gives you 360 degree views and a nice trade wind breeze from the ocean. There is a mature mango tree already in place. Moloa\'a is the bread basket of Kauai many small farmers are located in the area. Moloaa Valley Development is a 190 acre project in the process of being developed as an agricultural development, please contact the County of Kauai regarding when permits will be allowed for building on this 5.89 acre property. There is around 1 acre of slightly sloping land the rest appears to be steep and hilly. The association for this development is currently working on completing the subdivision(not CPR) process, currently ownership is represented by a share in the development with plots designated to each shareholder. It will cost around $82,000 to get to the point where you will be able to get a permit to build a home on this lot. The subdivision will need to build a road (this units estimated share of road cost is included in the $82,000 noted above) and meet other requirements required by the county. There is an access and utilities easement for the neighbor going through the top of this property. Note that agricultural structures may be allowed currently check with the County of Kauai. There is currently no water/electric or septic system installed on this lot, the neighbor has a well for water and electric coming off of Koolau Rd. This lot also runs along the Koolau Rd so you may be able to get electric. A well could be installed on this property also. Seller is willing to offer seller financing with a 25% down payment. The title is not insurable by any title company because there is an open application for a CPR on the development.


 
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