1 month on rocket

3135 Lower Kula Rd, Kula, HI, 96790

$4,800,000

2 Bedrooms
1 Bath
1,236 SqFt
$3,884/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
Year Built1959
WaterfrontNone
ViewMountain/Ocean
MLS #403770
Lot Size0.93 Acres
StatusActive
(ACTIVE)

About 3135 Lower Kula Rd

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
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Housing Market Comparison

See how this home compares to others in Kula, HI.

Med. Sold Price

$2.3M

Med. Price/SqFt

$1,401

# of Sold Homes

16

3135 Lower Kula Rd vs Kula

34 DAYS ON ROCKET

$4,800,000

+$2.4M More

$3,884/SqFt

+$2.4K More

KEY TAKEAWAY

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

YEARPROP. TAXASSESSMENT
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

$24K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.4K

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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.

Nearby Schools

school-card-donut-536426
4
/10
  • Kula Elementary School

  • 5000 Kula Hwy

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-536427
8
/10
  • Pukalani Elementary School

  • 2945 Iolani St

  • 4.60 miles

  • Public District Grades PK-5

school-card-donut-536428
4
/10
  • Makawao Elementary School

  • 3542 Baldwin Ave

  • 5.64 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

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.
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Rocket HomesHawaiiMaui CountyKula967903135 Lower Kula Rd

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.

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