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Just looking online and found a condo at the Sovereign which is across the street from the building we live in. It dropped $20,000 in price back in April.
Good conversations. We have tried to distinguish the different areas. We have neighborhood maps printed out with most of the major condos on them. Such as Downtown/Chinatown, Kakaako, Ala Moana, Waikiki, West Honolulu, Central Honolulu, East Honolulu,....... We also have a small 11 pound dog that will have to be taken into consideration. We know about the quarantine time and getting all of our paperwork done in time for immediate release. We also have a list of pet friendly condos and which accept dogs. That will be a big influence in what building we chose. We have no children, and our dog is like our child. Thanks everyone. I will continue to check back for other comments.
I personally like the condos around the Ala Moana shopping center, especially Nauru Tower and Hawaiki.
Hokua is also very nice though I feel it's overpriced. The Moana Pacific is a bit more affordable. There is
also the Koolani in that area.
You may want to check if there is any pending litigation or special charges required to address issues
in the buildings, as reflected in the high maintenance fees. The fees are also usually determined by the
sq footage so the larger the unit, the higher the monthly maintenance fees.
Thanks, zakenjanei. Seems like in my research that Moana Pacific had some type of plumbing problems with all of the condos. PVC or something like that was leaking. I think that they had a litigation suit. I know that there may be a special assessment with the association fees. We like the location of those condos around Ala Moana Center. Very convenient to walk to and a lot of facilities around there.
The reason the prices at the Moana Pacific seem relatively low compared to other condo's is the litigation - and that litigation makes it hard to get a loan. I've thought about buying there as an investment as you can get decent/premium rent for a unit (another reason loans are hard, the owner occupied percentage is low - people can't sell the unit then rent it out) - the kitchen design/drawers are a real drawback - and the nature of the curved building makes it a challenge to lay out furniture - and some of the floor plans are really awkward - with that said, the higher floors have killer views and the location is very good.
Well, those seem like super tiny units - seems like most are around 1,100 sq ft, that might be impacting the price.
I would love to have 1,100 sq ft - LOL. Our condo is only 488 sq ft - a little more space would be nice.
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