$95,000
$99,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
2582 AINAOLA DR Hilo, HI 96720
7,500 Sqft Lot
Key Details
Sold Price $95,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Ainaola Heights Subdivision
MLS Listing ID 669210
Sold Date 09/18/23
Annual Tax Amount $616
Lot Size 7,500 Sqft
Property Description
Take a drive by this affordable residential lot in Waiakea Uka where you will enjoy a cooler climate that gives you a welcome reprieve from the heat of the lowlands. Just minutes from shopping, schools, businesses, dining, entertainment, and the hub of Hilo Town.
Though this property is designated flood zone A, the DPW (Department of Public Works) has determined, in writing, that there will be no flood restrictions on construction and the lowest height on the property is 10 feet above the BFE (Base Flood Elevation).
Seller will convey the 2010 Flood Study by Paul Nash which establishes the Base Flood Elevation at 1,115’. The Flood Elevation Certificate and the K-1 Survey performed by Dan Berg have already been shared with Bryce Harada at the County. Bryce confirms that the minimum elevation on the lot is 1125’, ten feet above the BFE of 1115’. A Post-Construction Elevation Certificate would not be required since Dan Berg's survey information confirms the proposed dwelling location is entirely above the flood study’s BFE.
Slab construction is fine for your home on this lot.
Buyer should consider applying with FEMA to have the Flood Zone Designation removed (seller does not assure that will be approved) to remove flood insurance requirements. Those requirements will still apply unless that designation can be amended.
Location
State HI
Area South Hilo
Zoning A-3A
Exterior
Pool No
Waterfront N
Building
Lot Description Grassy
Sewer Septic
Water Catchment
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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