Best condo deal near Ala Moana Shopping Center ? (Makaha, Makaha Valley: for sale, real estate)

[Goldwing]

What's the Best condo deal near Ala Moana Shopping Center for around 150K ?

Thanks

[manoagirl]

Originally Posted by Goldwing

What's the Best condo deal near Ala Moana Shopping Center for around 150K ?

Thanks

The median price of a condominium on Oahu is $329900. Best to stay on the mainland.

[Goldwing]

Originally Posted by manoagirl

The median price of a condominium on Oahu is $329900. Best to stay on the mainland.

Stay on the mainland? great advice buddy

[kaimuki]

Originally Posted by Goldwing

Stay on the mainland? great advice buddy

It would be very difficult to find a condo anywhere on Oahu for 150K. In fact, many condos around Ala Moana sell for considerably more than the current median price. So, sorry, I can't help you.

[Goldwing]

Going over Craiglist I found more then the ones below, I guess It's better to believe in my own research then assumptions.

$145000 1BR 1B WAIKIKI Condo (WAIKIKI-Tradewinds Hotel Inc Building)
$179000 Beautifully Remodeled Unit For Sale - (Waikiki) img <<real estate - by broker
$128000 Large Ocean view studio - (Makaha) pic <<real estate - by broker
$128000 Makaha Valley Towers studio - lowest priced - pic <<real estate - by broker

[cynmkolohe]

Just to clarify...Makaha is not near Ala Moana. Whole different vibe and a long commute to town...

[hotzcatz]

Some of the condos are on leased land so they are not as expensive since the lease could be coming up soon for the entire building. If they can't negotiate a decent new lease amount your monthly maintenance fees will go completely out of sight. If they can't negotiate a new lease at all, then the building may be torn down. Caveat emptor.

[manoagirl]

WAIKIKI, Tradewinds Hotel Inc. $145000 (Leasehold) ... Across the street from Ilikai Hotel and Ala Wai Boat Harbor

For this reason, leasehold properties tend to sell for less than “fee simple” properties, because the ownership in fee simple properties never ends. Better to pay more money if you can afford it. A lower price is not alway a deal. Also limitations on financing. For reasons that should be fairly obvious, a bank is not going to give you a thirty-year mortgage on a property whose lease expires in 20 years.“what happens when the lease expires”???. The worst-case scenario is the leasehold owner will end up with nothing.