Also listed as Commercial-For Sale – MLS#400944. Best Mixed use property in Hawaii with an existing Auto Repair shop and multiple business opportunities, multiple commercial rentals, and multiple residential rentals. Unprecedented rent increases and demand in Maui now due to recent events. Located Upcountry in Lower Kula, Maui, Hawaii, USA at 2500 ft elevation which is known to have one of the best climates and weather in the Whole World. Awesome 360 deg bi-coastal views of the Pacific Ocean below, the West Maui Mountains across the Central Valley, and 10,000 ft high Haleakala Crater behind. Kahului Airport is 25 minutes away. This property is located in the midst of a very affluent area with homes in the $2-15 mil range. Neighbor businesses include a gas station, hardware store and plant nursery, bakery, restaurant, and food cart. This area is growing and needs a lot more business and commercial development for the population. Purchase now at an 8% cap rate with a huge upside development potential in the future. County of Maui master planned for further development with the Highest and Best uses of this property would be mixed use condos, hotel, restaurant, medical center, corporate center, Kula Town Center with values upward of $40 mil. The existing buildings here have a huge roof area which would support extensive PV panels and needed electric vehicle charging infrastructure which will be massively government subsidized in the future. Almost a level acre (.93 ac) and it has a 1" and 5/8" water meter. All utilities to property. A full size fire hydrant is directly in front of the property and another full size hydrant is 50 ft away. Currently has 2 cesspools for waste treatment and future requirements for a septic system or onsite waste treatment station is feasible. This unique property can be subdivided and or CPRd. Not currently part of an HOA. Current zoning is Interim with a change to B-CT (business country town) is planned which allows for further commercial development. This property is for a buyer with a lot of vision who wants to maximize their investment potential. Keep everything and usage the same with no changes and you can expect possible earnings of $400-500K/yr. Step up and move to the next levels of development to realize possible earnings 2-3 times this. You won't find anything better than this property anywhere in the Whole World! Steal it for $4.8 mil. This property has almost sextupled in value in the last 25 years. It will probably do this again in the next 25 years. Owner financing at great terms with $1.8 mil cash down. Subject to prior sale and zoning requirements. Buyer to use due diligence. Hurry, this won't last long! “All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be sign by buyer/s with Purchase Contract."
Property Details
Property Features
Property Information:
Year Built: 1959
Living Area: 1,236 SqFt
Listing Office:
Office Name: Nathalie Mullinix Rlty Universal Inc
Office Phone: (808) 661-4466
Listing Agent: Nathalie C Mullinix RB-17596
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: None
View: Mountain/Ocean
Lot Features
Lot Information:
Lot Size: 0.93 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $4,800,000
Price Per SqFt: $3,884/SqFt
Tax Information:
Annual Amount: $7,684
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
This property is $2.4M more than the Median Sold Price and $2.4K/SqFt more than other homes in Kula, HI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Black Knight 1 - Maui
MLS Number: #403770
Listing Office:
Office Name: Nathalie Mullinix Rlty Universal Inc
Office Phone: (808) 661-4466
Listing Agent: Nathalie C Mullinix RB-17596
The data is deemed reliable but is not guaranteed accurate by the MLS. It has been provided by sources other than the Realtors Association of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumersmay be interested in purchasing.
Copyright, 1995-2024, REALTORS® Association of Maui, Inc. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/22/2024, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,684
$1,267,500
2020
$7,625
$333,100
2019
$7,302
$1,197,300
2018
$7,303
$1,063,700
2017
$7,365
$1,067,900
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$24K
Per Month
Principal & Interest
$23.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Kula Elementary School
5000 Kula Hwy
Distance between this listing and this school1.05 miles
Public District Grades PK-5
8
/10
Pukalani Elementary School
2945 Iolani St
Distance between this listing and this school4.60 miles
Public District Grades PK-5
4
/10
Makawao Elementary School
3542 Baldwin Ave
Distance between this listing and this school5.64 miles
Public District Grades PK-5
Nearby Schools
5
/10
Samuel Enoka Kalama Intermediate School
120 Makani Rd
Distance between this listing and this school5.16 miles
Public District Grades 6-8
3
/10
Lokelani Intermediate School
1401 Liloa Dr
Distance between this listing and this school8.19 miles
Public District Grades 6-8
5
/10
Maui Waena Intermediate School
795 Onehee Ave
Distance between this listing and this school12.32 miles
Public District Grades 6-8
Nearby Schools
4
/10
King Kekaulike High School
121 Kula Hwy
Distance between this listing and this school3.59 miles
Public District Grades 9-12
4
/10
Kihei Charter School
650 Lipoa Pkwy
Distance between this listing and this school7.41 miles
Public Charter Grades KG-12
4
/10
Maui High School
660 Lono Ave
Distance between this listing and this school11.66 miles
The neighbors living near this home have an average income of $85,462. Typical income of Kula, HI residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3135 Lower Kula Rd
What is the listing price of this property?
The listing price of 3135 Lower Kula Rd property is $4,800,000.
What type of property is this?
The property 3135 Lower Kula Rd is a house located in Kula, Hawaii, 96790.
Is this property for sale now?
Active Listing: 3135 Lower Kula Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,684 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 3135 Lower Kula Rd has 2 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 3135 Lower Kula Rd is 1,236 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3135 Lower Kula Rd is 1959.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3135 Lower Kula Rd in Kula, HI and zip code 96790 in the Upcountry neighborhood. This 1,236 square foot home, which was built in 1959, sits on a 0.93 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $4,800,000.
While more than 2 listings in Kula, HI in October 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 9 were sold below. In October 2024 in Kula, HI there were 16.8% more homes for sale than in September 2024.
From Rocket Homes Real Estate and based on county public records data.