WALT FLOOD REALTY

ATKINSON TOWERS

Condo #1108 (Two Bedrooms, Plus: Studio/Office, & One Bath)

Atkinson Towers in 1961

Asking Price: $475,000.00 (Fee Simple)

Sold Price: $435,000.00 (as of Nov. 28, 2016)

Stunning Ocean, Ala Wai Canal, City and Mountain Views!

1st Picture of 17

     Notice/Update: This will be the first time that a High Floor, End Unit with unobstructed Ocean, Harbor and Canal views, since the sale of unit #1208 at $425K in year 2009.

This 15 story high rise building is a block to the Hawaii State Convention Center; across the street from the Ala Moana Hotel; behind Yacht Harbor Towers and the YMCA complex; one block to the Ala Moana Shopping Center, Ala Moana Beach Park (Magic Island), Pacific Ocean, and at the entrance to Waikiki.

This 11th floor Condo apartment has a large enclosed Lanai. There are Two Bedrooms, a Studio and One Bathroom. Note: The Studio could be a Office, or a third Bedroom (145 sq.ft).

The apartment is partially furnished (appliances). There is a Washer and Dryer in the apartment. The rooms have marble/laminate/tile floors.

Atkinson Towers is a secured building, with two elevators, and there is a Maintenance Manager. The swimming pool is being removed, to create twelve (12) addtional parking stalls. There are Individual Owners' assigned storage/lockers on each floor. Basic cable TV is included in the Maintenance Fees, (high-speed internet is available).   No Pets are allowed, with the exception of certified seeing-eye dogs.


Frequntly Asked Questions:

1. Is Atkinson Towers a Cooperative or a Condominium? 98% of the units have already been converted to Condominium, but four (4) of the units are still known as Co-op, so the project is known as ″Mixed-use″ building. Unit #1108 is a Condominium.

2. What about the Parking Stalls? There are three (3) options:

1. The new Owner submits a Parking Reservation Agreement to be added to the "Wait List", along with a deposit of $325.00. If/when a parking stall is available the Maintenance Fee becomes $811.35 per month including the parking stall.

2. The new Owner may -- prefers to rent a parking stall at Yacht Harbor Towers at $125.00/month. The total of Atkinson Towers MF and YHT parking stall is estimated to be: $611.35/month, starting on January 1, 2017.

3. The new Owner doesn't have a car, or doesn't want a Parking Stall on Atkinson Towers property. The Maintenance Fee will be $486.35 per month, starting on January 1, 2017.

Disclosure: There is no guarantee that parking stalls at Yacht Harbor Towers will be available for long-term and the monthly rent can be increased.

3. What about financing? Credit Unions, Bank of America, Wells Fargo and most of the Mainland Banks/Lenders will NOT write a mortgage on Atkinson Towers, because it's a Mixed-use project (Coops and Condos). NEW - Announcement: Sandalwood Home Loans will write a conventional mortgage with 10%-20% down payment for 30-years fixed (Owner Occupants). Bank of Hawaii, Central Pacific Bank and First Hawaiian Bank will write a ″Portfolio″ Loan at 20%-30% down for Owner Occupants/Investors.

4. What about Seller's financing (Agreement of Sale)? Not available at this time.

5. Future? There is a good chance, over the next 2-3 years, all the Co-op stockholders will convert to Condominium, and the building will NOT be a mixed-use project. All the financing will go back to Conventional (FHA, etc.).

6. What have been the sales in Atkinson Towers as comps? Unit #301 at $300K; Unit #1605 at $330K; Unit #1402 at $335K; Unit #1101 at $362K, Unit #1502 at $399K, Unit #1501 at $420K, and Unit #1201 at $425K.

7. What are included in the Maintenance Fees? Building/Flood/Fire insurance, Maintenance Manager and staff, water, electric, sewage. elevator maintenance and waste/trash removable contracts, and basic TV cable. The electricity (HECO) is paid by the Owner or Tenant for unit #1108.

8. What about air conditioning? It is possible to install A/C, with portable window units, with AOAU approval.

9. Why are the owners selling this condo? The Owners/Sellers, as Investors, want to down-size for retirement.


Interior Area: 1,050 sq.ft, which includes the enclosed Lanai.
Maintenance Fee: $486.35  /  Other Monthly Fees: Parking Stall Rent: $125.00.
Total Monthly Fees/Charges: $611.35 (Year 2017),   /   Plus: Property Taxes: $101.00/month (2016).
Bedrooms: Two  /  Bathrooms: One  /  Covered Parking Stall in Yacht Harbor Towers.

Parking Stalls Disclosure Statement. (PDF Format)   Current information about the Parking Stalls Lottery and the Lease Rent for Fifty (50) years.)

Click here:  How To Buy Unit #1108. Read the step by step on making an offer (Purchase Contract) to buy Condo Unit #1108.

Purchase Contract: Sample as of November 2016.   Fourteen (14) pages of the Hawaii Association of Realtors - Sales Contract (important to read if you are considering an Offer to Buy.)

"AS IS" Condition Addendum: Sample as of November 2016.   One (1) page of the Hawaii Association of Realtors - (important to read if you are considering an Offer to Buy.)

House Rules


House Rules - Plus (40 pages).

Atkinson Towers in 1961, click here to upload multiple pictures of the apartment, building, and the exterior views
Click this image for multiple pictures.

     Click here for  Multiple Picturestaken from inside #1108, a view of the building, views to the Ocean and to Waikiki.


Map to Atkinson Towers

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