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Monday, February 11, 2013

A remodeled condo at Kukui Plaza

Yesterday’s first open house at this one-bedroom condo in Kukui Plaza was so popular, realtor Jolie Yu didn’t even have a chance to take a breather.

It’s easy to see why. The 615-square-foot unit was completely remodeled (except the bathtub). The kitchen features marble countertops, a SubZero refrigerator and a professional Viking stove. Oak laminate flooring was installed throughout the living and bedroom areas, along with new double doors that screen off the bedroom for privacy.

I love how the bathroom has a small dressing area with facing double-sized closets, and how the rest of the space is partitioned off with a glass block wall.

“The renovation is very classy and tasteful,” says Yu, of Coldwell Banker Pacific Properties. “It’s rare to find a unit at this level in Kukui Plaza, or even in town.”

The location can’t be beat if you work downtown. It garners a 92 on Walkscore.com making it a “walker’s paradise,” close to shopping, restaurants and entertainment.

The apartment is leasehold, but it’s fee available, meaning if you pay approximately $25,000, you can get out of the lease. However, you should be aware that this condo has something called a sandwich lease as well.

Basically, there's a master lease which will expire in 2048, which has no lease rent, and if you pay the extra fee, you’re out of that lease. However, the sandwich lease would remain and you'd have to pay $12.56 a year until 2048, when it expires.

It’s something to think about, but it shouldn’t deter you from considering a property like this.

The maintenance fee is low, $355 a month, and it won’t necessarily increase too quickly. In an effort to keep costs down, last year Kukui Plaza installed a photovoltaic system on top of the 32-story mixed-use complex.

If you’d like to see it for yourself, there will be a broker’s open house (open to the public) on Wednesday from 10 a.m. to 12 p.m. and an open house on Sunday, Feb. 17, from 2 to 5 p.m. Click here for details.

Money talk: $346,000 leasehold (fee available)
Contact: Jolie Yu, Coldwell Banker Pacific Properties, 808-286-5698, joliey@cbpacific.com
MLS#: 1301438

Posted on Monday, February 11, 2013 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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