NOT LISTED FOR SALE

72-3000 Kakapa Place Unit C40 Kailua-Kona, HI 96740

Estimated Value: $5,897,000 - $9,334,025

4 Beds
4.5 Baths
2,957 Sq Ft
$2,703/Sq Ft Est. Value

Last Sold May 07, 2013

Last sale price $4,900,000 $1,657 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $48,730/month

307 Days on Market

About This Home

As of May 2013

With gorgeous views of Pu'u Kuili and the deep blue waters of Kakapa Bay, this four bedroom Cottage welcomes you to the perfect Hawaiian getaway. This well-designed, cottage is conveniently located in the heart of Kukio and is just a short walk from the Beach Club, 10-hole short course, and tennis courts. Just off the spacious living room is a covered lanai and large yard complete with a barbeque and lava rock fire feature. The infinity edge swimming pool and spa is set at the front of the property and beckons a refreshing afternoon swim.

Awaken to the soothing sounds of waves hitting the shore from the master suite which offers spectacular ocean views. Relax in the large soaking tub in the master bath or venture to the outdoor shower which is set amongst beautifully landscaped Hawaiian plants.

The flow of energy throughout the cottage is enhanced by tasteful furniture and a well thought-out floor plan. Just off the living room is a large, private guest suite. Guest suites three and four are set on the mauka side of the property and open to tropical landscaping. A comfortable pune bed is expertly placed under a small pai pai off the two mauka guest suites and is the perfect place to relax after enjoying all that Kukio has to offer.

Property owners are extended the opportunity to apply to the Kukio Golf & Beach Club: an oceanfront private club with world class amenities including Tom Fazio designed 18-hole Championship Golf Course and 10-hole short course, two clubhouses with private dining, sports complex, ocean pursuits center, and a comprehensive indoor and outdoor spa. Gatehouse entry with 24-hour manned security. This property is subject to additional Cottage Association fees. There are some personal inventory of furniture items that are excluded from the sale.
A termite inspection report and staking letter has recently been completed and is available upon request.
The Cottage Association monthly fees are $2,681

Last Agent to Sell the Property

Carrie Nicholson

Kohanaiki Realty LLC Brokerage Phone: 8088969749 License #RB-19302 Listed on: 06/04/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,647

Year Built

  • Built in 2003

Lot Details

  • Property fronts a private road
  • Property is zoned PD

Parking

  • Covered Parking

Home Design

  • 2,957 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Underground Utilities
  • Private Water Source
  • Private Sewer

Community Details

  • Kikaua Point Cottages Community
  • Kukio Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3720190220010

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,647

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Attribution Contact: 8088969749
  • Co List Office Phone: 8083254040
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KUKIO
  • Living Area: 2957.0
  • Property Attached Yn: No
  • Year Built: 2003
  • Tax Year: 2011
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 4

Exterior Features

  • Waterfront: No
  • Roads: Paved, Private

Garage/Parking

  • Parking Features: Covered

Utilities

  • Cooling: Cash
  • Utilities: Electricity Available, Sewer Connected, Underground Utilities
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Project: KIKAUA POINT COTTAGES

Lot Info

  • Zoning: PD
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3720190220010
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 44647.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2012
Closed on
Apr 26, 2013
Sold by
Pataye John and Preiss Helga
Bought by
Coslet Jonathan J and Rosner Jeanne L
Seller's Agent
Carrie Nicholson
Kohanaiki Realty LLC
List Price
$6,300,000
Sold Price
$4,900,000
Premium/Discount to List
-$1,400,000
-22.22%
Current Estimated Value
$7,603,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,703,561
Avg. Annual Appreciation
3.02%

Purchase Details

Closed on
May 25, 2012
Sold by
Kukio C-40 Cottage Llc
Bought by
Pataye John and Preiss Helga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 2005
Sold by
Wb Kukio Resorts Llc
Bought by
Kukio C 40 Cottage Llc
Source: Public Records

Range of Values:

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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
Coslet Jonathan J $4,900,000 Title Guaranty Escrow Svcs I
Pataye John -- Title Guaranty Escrow Svcs I
Kukio C 40 Cottage Llc $5,504,371 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pataye John $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2013 05/07/13 Sold $4,900,000 -22.2% $1,657 / Sq Ft
04/07/2013 04/07/13 Pending -- -- --
06/04/2012 06/04/12 For Sale $6,300,000 -- $2,131 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $85,199 $8,154,500 $1,720,900 $6,433,600
2024 $85,199 $7,282,000 $1,537,700 $5,744,300
2023 $85,199 $7,282,000 $1,537,700 $5,744,300
2022 $70,908 $6,060,500 $1,337,100 $4,723,400
2021 $65,177 $5,570,700 $1,210,300 $4,360,400
2020 $61,123 $5,224,200 $1,152,700 $4,071,500
2019 $61,123 $5,224,200 $1,152,700 $4,071,500
2018 $65,691 $5,614,600 $1,152,700 $4,461,900
2017 $55,272 $4,724,100 $1,152,700 $3,571,400
2016 $55,206 $5,088,100 $1,152,700 $3,935,400
2015 $44,647 $4,574,300 $1,152,700 $3,421,600
2014 $44,647 $4,410,200 $1,152,700 $3,257,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 255050

Hawaii Information Service (MLS Hawaii)

APN: 3-7-2-019-022-0010