Property Q&A in Pearl City>Question Details

Georgia Howt…, Home Buyer in 96782

When does the Leasehold end? When does it renew?8-901B Noelani str. Pearl City 96782

Asked by Georgia Howton, 96782 Fri Feb 12, 2010

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This question is about this property: http://www.trulia.com/property/1080649119-98-901-B-Noelani-S…

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0 votes Thank Flag Link Tue Feb 16, 2010
Hi Georgia,

You will have to get a 15-year loan in order to get financing for this property. I would strongly consider buying the land or fee at the same time at $158,900, if possible.
The lease rent is $462/month until 2017. The maintenance fee is $400/month.
Some other units to consider:
98-1428A Koaheahe St 4
98905B Noelani St 53
98-1399F Nola St 6 (only listed this week).

Please call me if you would like to see any of these or have further questions.


Aloha,
Frank Diaz (RA), MBA, e-PRO
808.723.0900
Web Reference: http://www.hawaiihome.biz/
0 votes Thank Flag Link Fri Feb 12, 2010
Aloha Georgia,

The lease on that property is set to renegotiate on 6/1/2017 and ends as of 6/1/2032. There are some special financing conditions with leasehold properties as well that you should consider when deciding whether it would work for you in the long-run. Please feel free to contact me directly if I can help you with your home search.

Ron Hamic (RA), SFR, CDPE, e-PRO, AHWD, REW
Hawaii Life Real Estate Services LLC | Realtor-Associate

CELL: 808-722-9914 | EMAIL: Hamic@HawaiiLife.com
WEB: http://www.HamicRealty.com | http://www.HawaiiLife.com
0 votes Thank Flag Link Fri Feb 12, 2010
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