Seller's Agent in 2017
Sue Brown
Sue Brown Realty and Associates
(808) 334-1022
46 in this area
176 Total Sales
Estimated Value: $745,635 - $911,000
NEW 35 YEAR KSBE LEASE NOW IN PLACE WITH LOWER ANNUAL LEASE PAYMENTS.
Well maintained and very productive 6.6 acre leasehold coffee farm ideally located at an elevation of approximately 1350'. Gracing the upper end of the property and with the most magnificent view of Kealakekua Bay is a recently updated and renovated 2 bedroom 2.5 bath access friendly single story main house with 2,062 square feet of living area together with nearby parking and storage barns. A cute one bedroom one bath caretaker's quarters is located at the northern end of the property, while a small worker quarters is located at at the lower end of the property.
Notable Farm Features:-
* Approximately 3,500 Arabica coffee trees.
* Coffee cherry production 2014—-31,886 lbs and 2015—-26,976 lbs.
* Gentle to moderate sloping terrain.
* Bruner Road passes through the lower half of the property and borders the farm on the eastern side.
* Served by county water via waterline from a neighboring property by recorded agreement.
* Two redwood tanks provide approximately 10,000 gallons of water storage capacity.
Notable Building Features:-
Main House:-
* Remodeled and reconfigured in 2008.
* A 213 square foot lanai added in 2008.
* New roof in 2013.
Other:-
A 1bd/1ba caretaker cottage with a living area of 832 sq ft.
Barn with parking and storage area in excess of 3,000 sq ft.
3,000 sq ft metal shed with cement floor.
The Seller was informed on 9/18/2016 that the Lessor, Kamehameha Schools/Bishop Estate has issued a new 35 year lease. Details to follow when available.
The current annual cost breakdown of the lease is:-
5.5 productive acres @ $182/acre——-$1,001
2 dwellings @$605/dwelling——————$1,210
Total———————————————————$2,211
Last Agent to Sell the Property
Sue Brown Realty and Associates Brokerage Phone: 8089367588 License #RB-20413 Listed on: 06/02/2016
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/14/2018 03/14/18 | Off Market | $375,000 | -- | -- |
| 12/13/2017 12/13/17 | Sold | $375,000 | -24.9% | $130 / Sq Ft |
| 06/29/2017 06/29/17 | Pending | -- | -- | -- |
| 06/02/2016 06/02/16 | For Sale | $499,500 | -- | $173 / Sq Ft |
| 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 | $2,356 | $603,500 | $22,100 | $581,400 |
| 2024 | $2,356 | $585,900 | $22,100 | $563,800 |
| 2023 | $3,330 | $546,200 | $21,800 | $524,400 |
| 2022 | $3,611 | $546,200 | $21,800 | $524,400 |
| 2021 | $4,400 | $470,600 | $20,900 | $449,700 |
| 2020 | $4,296 | $459,500 | $21,500 | $438,000 |
| 2018 | $3,763 | $402,500 | $19,400 | $383,100 |
| 2017 | $3,697 | $395,400 | $19,400 | $376,000 |
| 2016 | $3,521 | $380,700 | $20,300 | $360,400 |
| 2015 | -- | $34,600 | $20,300 | $14,300 |
| 2014 | -- | $34,600 | $20,300 | $14,300 |
Seller's Agent in 2017
Sue Brown
Sue Brown Realty and Associates
(808) 334-1022
46 in this area
176 Total Sales
A
Buyer's Agent in 2017
Arnold Rabin
A Real Estate Concern of Hawaii Inc.
(808) 987-1817
17 in this area
25 Total Sales
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 296081
APN: 3-8-4-004-026-0000