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This 15 story high rise building is a block to the Hawaii State Convention Center; across the street from the Ala
Moana Hotel/Condo; behind Yacht Harbor Towers and the YMCA complex; one block to the Ala Moana Shopping Center, Ala Moana Beach Park (Magic Island), Pacific Ocean,
and at the entrance to Waikiki.
The 10th floor apartment has an enclosed Lanai that creates a larger living area. Part of the living room area could be
converted back to a Second Bedroom.
The apartment is partly furnished (appliances) and has new large floor to ceiling glass windows and new carpet and padding.
The enclosed Lanai has tile flooring. Also, there is Washer, Dryer and Dishwasher in the apartment. The apartment has been renovated and is ready to move in.
Atkinson Towers is a secured building, with two elevators, and there is a Maintenance Manager.
The project has a pool (not heated), individual Owners' assigned storage/lockers. Basic cable TV is included in the maintenance fees
(High-Speed Internet is available). No Pets are allowed, with the exception of certified seeing-eye dogs.
For more information about the building, condo documents, pictures, and more go to
www.AtkinsonTowers.org
Frequently Asked Questions:
1. What about the Parking Lot Leasehold?
All the parking stalls are Leasehold and the lease expires on Dec. 31, 2016. There are options on how
to continue offering parking stalls for owners of the condos.
Answer: First: You have to read this doc from the Website:
Parking Lot Disclosure
This doc (5-pages) was written back in 2007, at the time Atkinson Towers was a Co-operative and in the process of being converted to a Condominium.
A. The Corporation made an offer to purchase the 10,500 sq.ft. Lot, but it was not accepted.
The Corporation would continue to pursue the purchase of the Lot, over the next five (5) years, up to Dec. 31, 2016.
If the Corporation were able to purchase the 10,500 sq.ft. Lot all the parking stalls would be "Fee Simple" on the 10,500 sq.ft. Lot
and the 30,919 sq.ft. Lot.
B. The Landlord could/might extent the Master Lease on the 10,500 sq.ft. Lot for another 10-20 years, with an increase of the lease rent. Now at $46.22 fixed for 10 years, to expire in 5 years.
C. If the Corporation is not able to purchase in Fee the parking lot,
or is not able to negotiate a new long-term lease, then the Corporation could build a double deck parking structure
from the EWA end of the 30,919 sq.ft. Lot to the DH end, over the swimming pool (to be removed).
2. Is Atkinson Towers a Cooperative or a Condominium?
80%+ of the units have already been converted to Condominium, but 20 of the units are still known at Co-ops,
so the project is known as ″Mixed-use″ building. Apartment unit #1007 has converted to a Condominium.
3. What about Financing?
At the current time: Credit Unions, Bank of America, Wells Fargo and most of the Mainland Banks/Lenders
WILL NOT write a mortgage on Atkinson Towers, because it's a "Mixed-use" project (Co-ops and Condos).
But, First Hawaiian Bank WILL write a "Portfolio" Loan at 20% - 30% down for Owner Residents, higher for Investors.
There is also a local Mortgage Broker who can write a Loan at 10% down, for a Conventional Loan. Ask the Listing Agent for details.
Note: This communication is provided to you for informational purposes only and should not be relied upon by you.
Walt Flood Realty is not a mortgage lender and so you should contact First Hawaiian Mortgage Company and/or First Hawaiian Bank providing
mortgage product(s) directly to learn more about its mortgage products and your eligibility for such products.
4. Should you preview Atkinson Towers units?
YES, if you are ″cash buyer″, but NOT if you are looking to finance, unless you have received
a ″pre-qualification″ letter from either First Hawaiian Bank, or First Hawaiian Mortgage Company.
5. What was the last sale in Atkinson Towers as a comp?
Unit #907 sold in November 2010 at $ 314,000 - one bedroom, one bath with one parking stall.
6. What is included in the Maintenance Fees?
Building/flood/fire insurance, Maintenance Manager and staff, water, building electric, sewage, elevator maintenance,
waste/trash removable contracts, and basic TV cable. The electricity (HECO) and High-Speed Internet are not included in the Maintenance Fees.
7. Why is the Owner selling this Condo?
The owner/seller is relocating to a retirement home and is motivated to sell this Atkinson Towers
property where he has lived since 1960's.
8. How many Bedrooms?
The MLS shows 1-bedroom, but the 2nd bedroom can be installed (built) in the living room area, with a smaller
entrance hallway.
9. What about Air Conditioning?
It is possible to install A/C, with a portable window unit, with Board approval.
10. Is there anywhere to lock bicycles?
Condo unit #1007 has an assigned storage locker in a storage room, next to the elevators.
It's about 3ftW by 8ftD by 8ftH (approx. 24 sq.ft.). It is lockable and a bike or bikes could be stored in this space.
11. Owner storage is listed as an amenity; where is it and how big is it?
See above. The "assigned" storage locker is NOT conveyed in the deed.
Note: This information is from sources deemed to be reliable, but is not guaranteed
and the Seller or the Seller's Agent and/or the Buyer's Agent are not liable or responsible for any inaccuracies, error and/or omissions.
Generic Purchase Contract.
Twelve pages of the Hawaii Association of Realtors (important to read if you are considering
an Offer to Buy - Purchase Contract © 2009 HAR.) Note: This document can only be used/completed by a Realtor.
House Rules
to read the House Rules, as of March 2006, and other documents.
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