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SOLD
MLS: 635388
Condo: Orchid Manor #225
 
Asking Price: $140,000 Fee Simple
Sold Price: $135,000
Sold Date: 05/29/2020
Type: Condo/Residential Condo
District: South Hilo
Street: 355 Kalanianaole St
Neighborhood: Waiakea
Beds: 0   Baths: 1
Living Area: 496 SF

Pool: Yes
Parking: Unassigned
Amenities: Community Laundry,Elevator,Inventory,Landscaped,Meeting Room,Restroom-Private,Storage Area,Smoke/Heat Detector
Days on Market: 1553
(The Price of the property was lowered by $5,000 on 12/31/2019)
Year Built: 1969
Zoning: V-.75
Roads: Paved
Land Recorded: Regular
Property Taxes: $885
Assessed Value: $75,700
Assessed Ratio: 184.94%
Listing Courtesy: Jade Dream Properties, LLC
Terms Acceptable: 1031 Exchange,Cash,Conventional,VA
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FEE SIMPLE Orchid Manor Renovated Studio on the Hilo side of the Building

Extra large (496 sq ft plus 80 sq ft lanai) studio. Beautifully remodeled 2nd floor unit in a great location on the Hilo side of the building. Freshly painted. New Kitchen cabinets and bathroom vanity. New stainless full size refrigerator, gas stove & Microwave hood. The flooring for the unit is new water resistant laminate wood plank flooring & new durable vinyl plank flooring in the bathroom.

The complex features a secure building, in-ground pool, on-site laundry, Hilo Bay views, Resident Manager, elevator & video security system.

Orchid Manor purchased the Master Lease AND recently the Sandwich Lease (9/30/2019). Fee/Interest in the Master Lease has been purchased for this unit as well as the Sandwich Lease.

Monthly Maintenance Fee of $431.40/mo includes resident manager, electric, water, gas, garbage pick up, and grounds and building maintenance & insurance. Additional monthly fees are $46.29 for cable.

Seller has been paying the roof loan assessment of $81.33 monthly. CURRENT TOTAL MONTHLY FEES FOR THIS UNIT: $559.02. The assessment can be paid in full in escrow to bring the monthly payment to $477.69.

Be sure to see this unit. Orchid Manor is conveniently located in Hilo and is close to the ocean parks and downtown with Farmers Market, groceries, restaurants and shops. Walk to Bay-front, Downtown, Banyan Drive and Liliuokalani Gardens, Coconut Island & beach parks..


 
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