0000NOADDRESS MALAIHI ROAD, Wailuku, HI 96793

$895,000
List Price
$895,000
Days on Market
28
MLS#
391543
Status
ACTIVE
Neighborhood
Upper Malaihi Road
Land Tenure
Fee Simple
Land Area
1,524,600
Type
Land
Foreclosure
Yes

Property Description

ON THE MAP IN PINK THE KONOIKI PORTION IS NOT INCLUDED IN THE SALE AS IT BELONGS TO LOT 29. THIS IS BROKEN TITLE PROPERTY. THERE IS CURRENTLY NO TMK. THE COUNTY WATER LINE ENDS AT THE TOP OF MALAIHI ROAD SO COUNTY WATER IS AVAILABLE. CATCHMENT IS THE WAY TO GO. 57" A YEAR OF RAIN IN THIS VALLEY. THERE ARE APPROX 20-27 DIFFERENT PARCELS INSIDE LOT 30 BUT AT THIS TIME THEY CANNOT BE SOLD OFF INDIVIDUALLY. SEE ASSOC. DOCS. THE NORTH WAIEHU STREAM MEANDERS IN AND OUT OF THE PROPERTY. THERE ARE OCEAN VIEWS BUT WE DON'T KNOW WHERE YET. THE BOUNDARIES ON THE WEST SIDE HAVE BEEN RECENTLY SURVEYED FOR LOT 29. THIS IS A RISK AND REWARD OPPORTUNITY. THE 2011 BANKRUPTCY APPRAISAL WAS $1,847,000. CASH SALE ONLY. NO TITLE INSURANCE. BUYER WILL NEED TO HIRE A TOP TITLE ATTORNEY TO INITIATE A QUIET TITLE ACTION WHICH WILL BE EXPENSIVE. LENDER OWNED. POSSIBLE SELLER FINANCING WITH A BIG DOWN-PAYMENT. THIS PROPERTY IS ONLY FOR A BUYER WHO IS FAMILIAR WITH BROKEN TITLE. THERE IS NOTHING PREVENTING SOMEONE FROM BUILDING ON BROKEN TITLE PROPERTY OR FARMING IT. THIS IS A LOT OF LAND FOR THE MONEY. 48 HOURS REQUIRED TO SHOW. PROOF OF FUNDS BEFORE ANY SHOWING. ALLOW 1.5 HOURS TO VIEW THE PROPERTY.

Additional Information

Tmk
23203017030180000
View
Ocean

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Calculator source: Real Geeks

Listing courtesy of eXp Realty.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. 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. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.