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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. 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.
2. Future?
There is a good chance, over the next 5-7 years, all the Co-op stockholders will convert to Condominium, and
the building will NOT be a ″Mixed-use″ project. The financing could/should go back to Conventional mortgages (FHA, VA, etc).
3. What about financing?
At the current time Credit Unions, Central Pacific Bank, 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, Bank of Hawaii and First Hawaiian Bank WILL write a ″Portfolio″ loan at 20% - 30%
down for Owner Residents, higher for Investors.
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 Bank of Hawaii or First Hawaiian Bank.
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. What about the parking 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. Please ask the Listing Broker
Note: All information contained herein is obtained from sources deemed reliable, no representation is made as
to the accuracy thereof, and it is submitted subject to errors, omissions, changes and withdrawals without notice (8/18/2011).
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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