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Walt Flood Realty

MLS #202119912 Listing as of August 15, 2021 Asking Price $495,000.00
Atkinson Towers Unit #1208

SOLD Price: $490,000.00(FS)
October 27, 2021

Asking Price: $495,000.00 (FEE SIMPLE)
3 Bedrooms, or 2 Bedrooms and a Studio & One (1) Bath
Total Area:1,049 Sq. Ft.

General: Address: 419A Atkinson Dr. #1208, HH 96814. Asking Price: $495,000.00.

Type: Condo: High Rise. Condition: Above Average. Furnished: Partial.

Sq.Ft. Infor: 1,049 Interior. Bldg Infor: Beds 3. Bath 1. Year Built: 1959.

Occupant: Vacant. Lease: 6-month minimum. Pets: Not. Parking stall: #28.

Agent: Walter Flood, . Phone: (808) 922-1659 Cel: (808) 783-7684.

Inclusions: Washer, Dryer, Disposal, Water Heater, Refrig. Range/Oven. TV Cable.

Maintenance Fee: $645.00. Parking Stall: $325.00. Taxes: $114.00.

Atkinson Towers was launched back in 1959 as a Co-Operative project. Very similar to the Co-Ops in New York City. You were buying a share of stock, not a real estate property, but the right to "use" the apartment for the next fifty (50) years. More forward to the last ten (10) years of the lease. The Association was able to negotiate a purchase of the "Land" and the "Building" from the Owners (Landlords) at a price of about $25,000.00 - $35,000.00 per unit.

Unfortunately, the parking lot (10,000 sq.ft.) for the 37 stalls was owned by another party (Lloyd Char), and he would not sell. Atkinson Towers AOAO put together a deal to offer the 60 stalls on the Atkinson property in a lottery. Note there are 111 units in the building. To make it attractive for the 40 Owners to give up their stall, you reduce the monthly maintenance fees by $250 to $450. For the Owners who want a parking stall, they must pay $325 per month rent.

For the Sale of unit 1208 (larger end unit), the maintenance fees are $645, plus the rent for stall #28 is $970.00 per month. Caveat: Every five (5) years, the parking rent goes up 5% ($16.25). Note: The Atkinson Towers agreed NOT to raise the rent for the first (five) 5 years. Disclosure: These numbers and dollars are estimates. The actual numbers could be higher or lower. Walter W. Flood, REALTOR

MLS #2018 Listing.

SOLD as of Feruary 2, 2018.

Royal Kuhio Penthouse Unit #3307

Click on the building for multiple pictures.

Asking Price was: $798,000.00 (Fee Simple)
SOLD Price: $775,000.00.

Two (2) Bedrooms, Two (2) Full-Baths, Two (2) Lanai,
Two (2) Parking Stalls, and Two (2) Storage Lockers.

Total Area: 1,494 Sq. Ft.


MLS #201700260 Listing.
Lanikea at Waikiki Unit #3004
SOLD (May 2, 2017)

Sold Price: $1,150,000.00
Two (2) Bedrooms, Two (2) Full-Baths
Total Area: 1,127 Sq. Ft.

The Wailana at Waikiki Condominium.
(MLS #1301939)

Status: SOLD
Sold Price: $770,000.00
Asking Price: $785,000.00
Offered at: Fee Simple
Unit: Penthouse 2003
Bedrooms: 2
Bathrooms: 2
Location: Waikiki
Year Built: 1970
Interior: 1,381 sq. ft.
Open Lanai: 979 sq. ft.
Total Area: 2,360 sq.ft.

Walt Flood in 2017
(Walt Flood, REALTOR® in 2017)

* All information contained herein is obtained from sources deemed reliable, no representation is made as to the accuracy thereof, & it is submitted subject to errors, omissions, changes & withdrawals without notice.

Walt Flood Realty ®
Walt Flood, REALTOR® , DIR, PB
2092 Kuhio Ave, Home Office, Honolulu, HI 96815-2134
Phone (808) 922-1659, (808) 783-7684 •

•License Number: RB 12512

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