NOT LISTED FOR SALE

3402 Lower Kula Rd Kula, HI 96790

Estimated Value: $1,458,000 - $1,753,000

3 Beds
1 Bath
2,000 Sq Ft
$818/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $1,775,000 $888 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $10,223/month

34 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Solar Water Heater
  • 2.86 Acre Lot
  • Laundry Room
  • Storage Room

About This Home

As of May 2022

Prime Lower Kula location on 2+ acres with massive views main house, Ohana & 5/8 county water meter. This amazing property is located on Lower Kula Road near Kula Highway with very convenient access to Kula Highway, Pulehu Road, and walking distance to La Provence. The main house sits at the top of the property and was built in the 1940s, and offers spectacular views. It’s a charming 3-bedroom 1 bath with a detached garage. This structure could be replaced or left as is, and the owner collects the rent. The Ohana was built in 2006. This charming 2-bedroom, 1 bathroom, 1,000 square foot ohana features unobstructed West Maui sunset views, vaulted ceilings, granite countertops, stainless steel appliances, and beautiful hardwood flooring throughout. With over 1,000 square feet of covered Ipe wood lanais and carefully thought out use of sliding doors which allows for easy indoor/outdoor living. The ohana office, garage, and storage area offer an additional 1,000 additional square feet. This Ohana truly lives like a 2,000+ SF unit with an office. The leased 20 panel PV system (SunPower) and the solar hot water system keeps are in place and help keep electric expenses low. The gross monthly rent is $5,946, and the property has a 5/8 county water meter. TENANT OCCUPIED DO NOT DISTURB OR DRIVE ON THE PROPERTY. The listing agent is the owner.

Last Agent to Sell the Property

Josef Erlemann

Compass-W License #RS-77630 Listed on: 02/14/2022

Co-Listed By

Diana S Papazian

Papazian Properties LLC License #RB-23882

Last Buyer's Agent

Klaus Simmer

Compass-W License #RB-22924

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 2.86 Acre Lot
  • Property fronts a private road
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • HardiePlank Siding
  • Double Stud Wall

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Storage Room
  • Ocean Views

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Underground Utilities
  • Cesspool
  • Septic Tank
  • Phone Available
  • Cable TV Available
  • TV Antenna

Additional Features

  • Solar Water Heater
  • Agricultural

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Residential
  • District: Kula/Ulupalakua/Kanaio
  • Perm To Adv Upcoming1: Yes
  • Perm To Adv Upcoming2: Yes
  • Roads: Concrete, Graded, Private
  • Type: Sf W/Det Ohana Or Cottage
  • View: Ocean
  • Year Built House: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1940

Interior Features

  • Flooring: Stone/Concrete, Wood
  • Additional Rooms: Laundry Room, Storage Room
  • Bathrooms: 1
  • Bedrooms: 3
  • Included: Range, Refrigerator, Tv Antenna, Tv Cable
  • Living Area Sq Ft: 1000
  • Ohana Bedrooms: 2
  • Ohana Bathrooms: 1.5
  • Ohana Living Area Sq Ft: 1000
  • Price Per Sq Ft: 887.5
  • Total Living Sq Ft: 2000

Exterior Features

  • Construction Data: Single Wall, Wood Frame
  • Covered Lanai Deck Sq Ft House: 90
  • Design And Structure: 1 Story
  • Exterior Finish: Hardie Panel Siding
  • Ohana Construction: Double Wall, Wood Frame
  • Ohana Covered Lanai Deck Sq Ft: 1172
  • Ohana Design: 1 Story
  • Ohana Included: Ceiling Fan, Dishwasher, Dryer, Range, Refrigerator, Solar Water Heating, Tv Antenna, Tv Cable, Washing MacHine
  • Ohana Sub Structures: Concrete Slab, Post And Pier
  • Ohana Year Built: 2006
  • Roofing: Asphalt/Comp Shingle
  • Substructure: Post And Pier
  • Uncovered Lanai Deck SqFt House: 80

Garage/Parking

  • Garage: Yes
  • Number of Car Spaces: 2
  • Garage Parking Sq Ft House: 260
  • Ohana Garage: Yes
  • Ohana Garage Number Of Cars: 2
  • Ohana Garage Parking Sq Ft: 260

Utilities

  • Sewer: Cesspool, Septic Tank
  • Ohana Sewer: Septic Tank
  • Ohana Utilities To Site: County Water, County Water Meter Ins, Telephone, Tv Cable, Underground Electric
  • Utilities To Site: County Water, County Water Meter Ins, Tv Cable, Underground Electricity

Lot Info

  • County Zoning: Agricultural
  • Easements: Driveway
  • General Land Class: Agricultural
  • Land Acres: 2.86
  • Land Sq Ft: 124582
  • Topography: Gentle Slope, Level

Tax Info

  • Taxes Per Month: 367

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
Wiley Christopher James and Wiley Virginia Fabia
Bought by
Wiley Christopher James and Wiley Virginia Fabian
Current Estimated Value
$1,833,549

Purchase Details

Listed on
Feb 14, 2022
Closed on
May 25, 2022
Sold by
Edward Erlemann Josef
Bought by
Wiley Christopher James and Wiley Virginia Fabian
Seller's Agent
Josef Erlemann
Compass-W
Buyer's Agent
Klaus Simmer
Compass-W
List Price
$1,700,000
Sold Price
$1,775,000
Premium/Discount to List
$75,000
4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.22%
Original Mortgage
$700,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2011
Sold by
Erlemann Roopa and Papazian John
Bought by
Erlemann Josef Edward

Purchase Details

Closed on
Nov 30, 2009
Sold by
Janssen Victor and Janssen Heidi Nanette
Bought by
Erlemann Josef Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,750
Interest Rate
4.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 5, 2009
Sold by
Hearl Fred W and Hearl Joanne B
Bought by
County Of Maui

Purchase Details

Closed on
May 17, 2006
Sold by
Hearl Fred W and Hearl Joanne B
Bought by
Janssen Victor and Janssen Heidi Nanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.41%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 20, 2006
Sold by
Hearl Fred W and Hearl Joanne B
Bought by
Hearl Fred W and Hearl Joanne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.41%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 27, 2004
Sold by
Steffes Rex C and Steffes Robert J
Bought by
Hearl Fred W and Hearl Joanne B

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N

Purchase Details

Closed on
Jul 1, 1998
Sold by
Young Oliver and Young Oliver A S
Bought by
Steffes Rex C and Steffes Robert J

Purchase Details

Closed on
Jun 8, 1994
Sold by
Akina Amy Y
Bought by
Akina Amy Y and Amy Y Akina Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Wiley Christopher James -- None Listed On Document
Wiley Christopher James -- None Listed On Document
Wiley Christopher James -- Fidelity National Title
Wiley Christopher James -- Fidelity National Title
Erlemann Josef Edward $1,000 Fntic
Erlemann Josef Edward -- Fntic
County Of Maui -- None Available
Janssen Victor $850,000 Fntic
Hearl Fred W -- None Available
Hearl Fred W -- None Available
Hearl Fred W $715,000 --
Makekau Jeffery N -- --
Steffes Rex C $550,000 --
Akina Amy Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wiley Christopher James $700,000
Previous Owner Erlemann Josef Edward $684,750
Previous Owner Janssen Victor $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $1,775,000 +4.4% $888 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $1,700,000 0.0% $850 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $1,700,000 -- $850 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

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 $8,757 $1,351,700 $667,400 $684,300
2024 $8,757 $1,339,600 $664,500 $675,100
2023 $8,196 $1,293,200 $616,400 $676,800
2022 $4,737 $809,700 $435,400 $374,300
2021 $4,409 $808,100 $452,800 $355,300
2020 $4,445 $814,000 $452,800 $361,200
2019 $4,622 $778,100 $426,700 $351,400
2018 $5,145 $857,500 $461,500 $396,000
2017 $3,588 $0 $0 $0
2016 $3,290 $581,200 $216,200 $365,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 394770

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-3-002-009-0000