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SOLD
MLS: 296081
 
Asking Price: $390,000 Leasehold
Sold Price: $375,000
Sold Date: 12/13/2017
Type: Residential
District: South Kona
Street: 84-1100 Bruner Rd
Neighborhood: Honaunau
Beds: 3   Baths: 3 Full / 1 Half
Living Area: 2,894 SF
Land Area: 6.6 Acres
Parking: Covered,Attached,Detached
Amenities: Ceilings-9\'+,ADA Accessible,Ceiling-Vaulted,Exterior Lighting,Landscaped,Office,Storage Area
Days on Market: 2879
(The Price of the property was lowered by $109,500 on 04/21/2017)
Year Built: 1954
Zoning: A-5A
Roads: Private,Paved
Land Recorded: Regular
Property Taxes: $320
Assessed Value: $380,700
Assessed Ratio: 102.44%
Listing Courtesy:
Terms Acceptable: 1031 Exchange,Cash,Conventional
Google Map   County Records
 
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6.6 Acre productive Coffee Farm with Gorgeous Kealakekua Bay Views.

NEW 35 YEAR KSBE LEASE NOW IN PLACE WITH LOWER ANNUAL LEASE PAYMENTS.

Well maintained and very productive 6.6 acre leasehold coffee farm ideally located at an elevation of approximately 1350\'. Gracing the upper end of the property and with the most magnificent view of Kealakekua Bay is a recently updated and renovated 2 bedroom 2.5 bath access friendly single story main house with 2,062 square feet of living area together with nearby parking and storage barns. A cute one bedroom one bath caretaker\'s quarters is located at the northern end of the property, while a small worker quarters is located at at the lower end of the property.

Notable Farm Features:-
* Approximately 3,500 Arabica coffee trees.
* Coffee cherry production 2014—-31,886 lbs and 2015—-26,976 lbs.
* Gentle to moderate sloping terrain.
* Bruner Road passes through the lower half of the property and borders the farm on the eastern side.
* Served by county water via waterline from a neighboring property by recorded agreement.
* Two redwood tanks provide approximately 10,000 gallons of water storage capacity.

Notable Building Features:-
Main House:-
* Remodeled and reconfigured in 2008.
* A 213 square foot lanai added in 2008.
* New roof in 2013.
Other:-
A 1bd/1ba caretaker cottage with a living area of 832 sq ft.
Barn with parking and storage area in excess of 3,000 sq ft.
3,000 sq ft metal shed with cement floor.

The Seller was informed on 9/18/2016 that the Lessor, Kamehameha Schools/Bishop Estate has issued a new 35 year lease. Details to follow when available.
The current annual cost breakdown of the lease is:-
5.5 productive acres @ $182/acre——-$1,001
2 dwellings @$605/dwelling——————$1,210
Total———————————————————$2,211


 
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