1503 Piihana Rd, Wailuku, Hawaii

$386,400

22,869

Square feet

0.53

Acres

$ 0.00

HOA Fee

About 1503 Piihana Rd

Lister is related to owner. Priced for very fast sale at the 2021 assessed value of $386,400 which will possibly increase this January when the 2022 assessed values are released. Four other lots in Wailuku way smaller in size(7500 SF to 9500 SF) are priced from $41.50 PSF to $70.00 PSF. This lot is priced at only $16.68 PSF. Water meter is in the ground. County sewer, electric right on Piihana road. 23,162 SF of fertile land with the right by county ordinance to draw water from Iao Stream which is a short stroll away. Spectacular West Maui mountain views with ocean views from a second level. The zoning is Project District which could allow up to 5 dwellings on the lot. Zone X no flood zone. This is the biggest lot for the lowest price in Wailuku. There are conditions the developer has to satisfy pursuant to the Project District development. The developer owns 100%/79+ acres of the Project District and has been actively working to satisfy those conditions in order to get a building permit for the 600 unit main development. The main condition is the bridge improvement and Imi Kala road extension which the County of Maui has committed to pay. The buyer should meet with the developer to gain a clear understanding of the time required to get a building permit, which is inevitable, probably 12 months. Because of this inconvenience the Seller is willing to offer the Buyer financing with $225,000 down with the balance of $161,400 due upon the issuance of the building permit; a low interest rate and deferred interest to a qualified buyer is possible. Two large shade trees on the lot. Easy ingress/egress from the Millyard over the bridge. Survey has been done but needs to be re-staked. Price WILL increase if the assessed value increases. If you don't need to build immediately take advantage of this very low price for this big piece of property which is only minutes to the county seat; walk to the Millyard, Post Office and numerous restaurants and services in the immediate area.

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Facts & Features

MLS® # 394303
Price $386,400
Square Footage 22,869
Land Tenure Fee Simple
Acres 0.53
Type Vacant Land
Sub-Type Vacant Land
Status Active
County Tax Records View Records

Community Information

Address 1503 Piihana Rd
Area Wailuku
Subdivision NONE
City Wailuku
State Hawaii
Zip Code 96793

Amenities

Utilities County Water
View Mountain/Ocean
Is Waterfront No
Waterfront None

Exterior

Lot Description Clear, Corner, Level

Additional Information

Date Listed January 10th, 2022
Days on Market 16
Zoning Project District, Urban
Short Sale No
RE / Bank Owned No
Monthly Maintenance Fees 0.00

Listing Details

OfficeeXp Realty

Listing Map

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