SOLD (as of May 28, 2014)
One Bedroom and one Bathroom
Asking Price: $325,000.00 (FS)
Sold Price: $314,000.00 (FS)
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.
The 14th floor apartment has an smaller Lanai that creates a larger living area.
This apartment has One Bedroom, with One Bathroom. A Second Bedroom can be re-installed in the same space as it was years ago.
The apartment is available as partly-furnished (appliances) and has been upgraded and renovated.
There is a Washer and Dryer in the apartment. The rooms have wood or laminate floors and/or wall to wall carpets.
Atkinson Towers is a secured building, with two elevators, and there is a Maintenance Manager.
The project has a pool (not heated), individual Owners' assigned storage/lockers. Parking Stall #46 is assigned to this unit, with a fixed lease-rent
at $46.22 per month, until Dec. 31, 2016. Basic cable TV (high-speed internet is available). No Pets are allowed, with the exception of
certified seeing-eye dogs.
Click here for
Multiple Pictures of the building and from inside the apartment #1403.
Frequntly Asked Questions:
1. Is Atkinson Towers a Cooperative or a Condominium?
95%+ of the units have already been converted to Condominium,
but 6 of the units are still known at Co-op, so the project is known as ″Mixed-use″ building. Unit #1403 is a Condominium.
2. What about the views?
The swimming pool and the Ala Wai Canal can be seen from the Lanai.
The mountains, surrounding buildings and the Ocean can be seen from the Lanai or from the Living Room.
3. What about financing?
Credit Unions, Bank of America, Wells Fargo
and most of the Mainland Banks/Lenders won't 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% 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.
The Owner/Seller will consider Seller Financing with an Purchase Money Mortgage, with 25% down,
for 5 years, at 5% interest only payments, depending on the credit report/score and/or a financial statement.
This could save the Buyer upwards of $4,000 to $6,000 in points and closing costs.
There is a good chance, over the next 3-4 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, VA, etc.).
6. What have been the sales in Atkinson Towers as comps?
Unit #1402 at $270K; Unit #1404 at $310K; Unit #1603 at $295K; Unit #1605 at $300K; and Unit #306 at $348K.
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 not included for Unit #1403.
8. What about air conditioning?
It is possible to install A/C, with a split system, and/or 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.
Generic Purchase Contract.
Fourteen pages of the Hawaii Association of Realtors (important to read if you are considering
an Offer to Buy - Purchase Contract © 2013 HAR.) Note: This document can only be used/completed by a REALTOR.
The Atkinson Towers House Rules (40-Pages), as of October 21, 2013 and other documents.
PublicReport Developer's Public Report (Parking) as of April 10, 2007 - 2 Pages.
Developer'sPublicReport Developer's Public Report for Condominium Conversion as of April 10, 2007 - 65 Pages.
Hand Book Repair and Renovation Rules and Regulation - 26 Pages as of Year 2012.
Interior Area: 789 sq.ft. Plus: Open Lanai: 58 sq.ft.: Total 856 sq.ft.
Maintenance Fee: $465.25 / Other Monthly Fees (Parking Stall Lease Rent): $46.22
Total Monthly Fees/Charges: $511.47
Bedrooms: One / Bathrooms:
One / Open Parking Stall #46
Google Hybrid Map to Atkinson Towers
Your Host: Walt Flood, REALTOR ®
Walt Flood Realty ® * Cell: 808-783-76856 *
Office: (808) 922-1659
2092 Kuhio Ave., Home Office, Honolulu, HI 96815
E-mail: WaltFloodRealty@gmail.com * Website: WaltFloodRealty.com/