NOT LISTED FOR SALE

2550 Lower Kula Rd Kula, HI 96790

Estimated Value: $1,719,428 - $1,845,000

2 Beds
2 Baths
1,007 Sq Ft
$1,770/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $1,125,000 $1,117 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $9,580/month

26 Days on Market

Highlights

  • 7.78 Acre Lot
  • Eat-In Kitchen
  • Tile Flooring
  • Mountain View
  • Agricultural
  • 1-Story Property

About This Home

As of October 2020

From mauka to makai, breathtaking views surround you at this rare 7.78 acre Kula property. Offering the quintessential Upcountry view, from the morning sun peeking over Haleakala to stunning evening sunsets spanning island and ocean views from Kahoolawe to the West Maui Mountains, over to the North Shore and beyond—there is beauty in every direction. Located at an ideal elevation, cool mornings and evenings are balanced with perfectly temperate days. This 2-bedroom, 2-bathroom single-level home has a spacious covered lanai and an attached two car garage. The parcel is on a 5/8” water meter and boasts flat to gently sloped terrain with lots of useable land. Conveniently located in the heart of Kula, the local hardware store, gas station, post office, fire station, great restaurants and schools are all nearby. The staging items such as furniture, artwork, plants and the like portrayed in these photos and/or videos have been created by computer generated image technology and used for illustration purposes only. No real, actual or physical staging items are included in this sale. This is the opportunity you have been waiting for to start your Upcountry Maui life! Contact your favorite Realtor to schedule a showing today.

Last Agent to Sell the Property

Maeghan Pocock

Island Sotheby's International Realty(M) License #RB-23792 Listed on: 08/26/2020

Island Sotheby's International Realty(M)

Last Buyer's Agent

John Papazian

Haiku Properties License #RB-08589

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 7.78 Acre Lot
  • Property fronts a county road
  • Level Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 1,007 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Farming

  • Agricultural

Utilities

  • Underground Utilities
  • Septic Tank
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 2230620340000

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Ada Enhanced Access: 1 Level
  • Class: Residential
  • District: Kula/Ulupalakua/Kanaio
  • Perm To Adv Upcoming1: Yes
  • Perm To Adv Upcoming2: Yes
  • Roads: County
  • Type: Single Family
  • View: Mountain/Ocean
  • Year Built House: 2004
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2004

Interior Features

  • Flooring: Tile
  • Additional Rooms: Eat-In Kitchen/Nook
  • Bathrooms: 2
  • Bedrooms: 2
  • Included: Auto Garage Door Opener, Ceiling Fan(s), Dishwasher, Disposal, Dryer, Microwave, Washing MacHine
  • Living Area Sq Ft: 1007
  • Price Per Sq Ft: 1117.18
  • Total Living Sq Ft: 1007

Exterior Features

  • Construction Data: Wood Frame
  • Covered Lanai Deck Sq Ft House: 390
  • Design And Structure: 1 Story
  • Exterior Finish: Stucco
  • Roofing: Asphalt/Comp Shingle
  • Substructure: Concrete Slab

Garage/Parking

  • Garage: Yes
  • Number of Car Spaces: 2
  • Garage Parking Sq Ft House: 528

Utilities

  • Sewer: Septic Tank
  • Utilities To Site: County Water, Underground Electricity

Lot Info

  • Assessed Improvement Value: 280300
  • Assessed Land Value: 936400
  • Easements: Electricity, Telephone, Water
  • General Land Class: Agricultural
  • Land Acres: 7.78
  • Land Recorded: Regular
  • Land Sq Ft: 338897
  • State Zoning: Rural
  • Topography: Gentle Slope, Level

Tax Info

  • Tax Database Id: 1
  • Taxes Per Month: 573
  • Assessor Parcel Number: 2230620340000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 7, 2020
Sold by
Nrz Reo X Llc
Bought by
Ainakula Associates Llc
Seller's Agent
Maeghan Pocock
Island Sotheby's International Realty(M)
Buyer's Agent
John Papazian
Haiku Properties
List Price
$1,050,000
Sold Price
$1,125,000
Premium/Discount to List
$75,000
7.14%
Current Estimated Value
$1,782,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$657,214
Avg. Annual Appreciation
9.10%

Purchase Details

Closed on
May 19, 2020
Sold by
Us Bank Na
Bought by
Nrz Reo X Llc

Purchase Details

Closed on
Feb 12, 2020
Sold by
Haywood Guy
Bought by
Us Bank National Association and Nrz Pass Through Trust X

Purchase Details

Closed on
Nov 18, 2003
Sold by
Bush Modene Neely
Bought by
Ream Errol Jefferson and Medeiros Alfred Carreira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.89%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ainakula Associates Llc $1,125,000 Fhtc
Nrz Reo X Llc $1,000 Fhtc
Us Bank National Association $2,335,728 None Available
Ream Errol Jefferson $750,000 --
Makekau Jeffery N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ream Errol Jefferson $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $1,125,000 +7.1% $1,117 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $1,050,000 -- $1,043 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,787 $1,579,800 $1,240,200 $339,600
2024 $3,764 $1,357,300 $1,033,500 $323,800
2023 $3,764 $1,352,800 $1,028,500 $324,300
2022 $7,941 $1,261,400 $967,100 $294,300
2021 $6,849 $1,211,400 $936,400 $275,000
2020 $6,881 $1,216,700 $936,400 $280,300
2019 $6,529 $1,099,100 $826,800 $272,300
2018 $7,697 $1,282,800 $998,300 $284,500
2017 $7,412 $0 $0 $0
2016 $5,850 $1,033,500 $771,700 $261,800
2015 -- $1,166,800 $930,600 $236,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 388338

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-3-062-034-0000