NOT LISTED FOR SALE

41 Apali Way Kula, HI 96790

Estimated Value: $2,166,472

25.2 Acres
$85,981 Price per Acre
1,097,581 Sq Ft Lot

Last Sold May 18, 2021

Last sale price $1,600,000 $1 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $12,289/month

2 Days on Market

About This Lot

As of May 2021

This lot is an endless meadow with breathtaking bi-coastal views and Haleakala crater views from a comfortable 1100 ft elevation. It is situated in the most private section of the subdivision sharing a boundary with just one other lot. There are two recently built, high-quality warehouses on concrete pads. Water Assoc. dues: $1,263/quarter HOA dues: $920/quarter

Last Agent to Sell the Property

Diana S Papazian

Papazian Properties LLC License #RB-23882 Listed on: 03/26/2021

Co-Listed By

John Papazian

Haiku Properties License #RB-08589

Last Buyer's Agent

Diana S Papazian

Papazian Properties LLC License #RB-23882 Listed on: 03/26/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,403

Lot Details

  • 25.2

Additional Features

  • 25.2 Acre Lot
  • Mountain Views
  • Private Water Source

Property Details

Property Type

Land

Est. Annual Taxes

$11,403

Lot Details

0

Listing Details

  • Class: Vacant Land
  • District: Kula/Ulupalakua/Kanaio
  • Type: Vacant Land
  • View: Mountain/Ocean
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 1.46

Utilities

  • Water To Site: Private Water

Lot Info

  • Land Acres: 25.196992
  • Land Sq Ft: 1097581

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2024
Sold by
Brewer Michael and Brewer Ann
Bought by
Sunset Farm Llc
Current Estimated Value
$2,166,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Outstanding Balance
$1,340,877
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$825,595

Purchase Details

Listed on
Mar 26, 2021
Closed on
May 5, 2021
Sold by
Sokhi Rana P and Sokhi Jaswinder
Bought by
Brewer Michael and Brewer Ann
Seller's Agent
Diana S Papazian
Papazian Properties LLC
Buyer's Agent
Diana S Papazian
Papazian Properties LLC
List Price
$1,675,000
Sold Price
$1,600,000
Premium/Discount to List
-$75,000
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Jan 13, 2021
Sold by
Linchpin Hawaii Llc
Bought by
Sokhi Rana P and Sokhi Jaswinder

Purchase Details

Listed on
Jul 3, 2018
Closed on
Jun 27, 2019
Sold by
Sokhi Rana P and Sokhi Jaswinder
Bought by
Linchpin Hawaii Llc
Seller's Agent
John Papazian
Haiku Properties
Buyer's Agent
General Public
General Public
List Price
$1,999,999
Sold Price
$1,350,000
Premium/Discount to List
-$649,999
-32.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$850,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 23, 2015
Sold by
Fader Kenneth and Oswald Stephen C
Bought by
Sokhi Living Trust

Purchase Details

Closed on
Apr 18, 2011
Sold by
Sabin Robert W
Bought by
Papazian John H and Gerbaulet Claudia S

Purchase Details

Closed on
Apr 21, 2010
Sold by
Sabin Robert W
Bought by
Sabin Robert W and The Robert W Sabin Trust
Source: Public Records

Range of Values:

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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
Sunset Farm Llc -- Fnt
Brewer Michael $1,600,000 Fnt
Sokhi Rana P $350,000 Fnt
Linchpin Hawaii Llc -- Fnt
Sokhi Living Trust $999,000 Fntic
Papazian John H $1,000 Accommodation
Sabin Robert W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunset Farm Llc $1,365,000
Previous Owner Linchpin Hawaii Llc $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2021 05/18/21 Sold $1,600,000 -4.5% $1 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $1,675,000 +24.1% $2 / Sq Ft
07/05/2019 07/05/19 Sold $1,350,000 -9.8% $1 / Sq Ft View Prior Sale
06/06/2019 06/06/19 Pending -- -- --
04/18/2019 04/18/19 Price Changed $1,496,000 -25.2% $1 / Sq Ft
07/03/2018 07/03/18 For Sale $1,999,999 -- $2 / 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 $11,403 $2,340,100 $2,340,100 --
2024 $11,403 $1,986,600 $1,986,600 --
2023 $9,408 $1,639,100 $1,639,100 $0
2022 $6,217 $1,083,100 $1,083,100 $0
2021 $350 $5,200 $5,200 $0
2020 $200 $5,200 $5,200 $0
2019 $400 $5,200 $5,200 $0
2018 $400 $5,200 $5,200 $0
2017 $400 $0 $0 $0
2016 $3 $5,200 $5,200 $0
2015 -- $5,200 $5,200 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Diana S Papazian

    Papazian Properties LLC

    (808) 283-0480

    11 in this area

    29 Total Sales

    Diana S Papazian
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    John Papazian

    Haiku Properties

    Section Image

  • A

    Buyer Co-Listing Agent in 2021

    Alyssa Sved-Cole

    Coldwell Banker Island Prop-Ku

  • G

    Buyer's Agent in 2019

    General Public

    General Public

See All Agents

Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 390886

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-3-068-013-0000

Hawaii Maui County Kula 96790

41 Apali Way, Kula, HI

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