Koa Lagoon #404 Estimation of Value as of 1/7/2021
Based on the comparable sales and activity in the overall market based on the sales in Koa Lagoon. I would estimate the market Value of Koa Lagoon #404 a 2 bedroom 2 bath Condominium unit in Kihei Maui Hawaii to be: $1,025,000 See attached supporting documentation along with the property Title report. This year has been an interesting year in all real estate markets. Two of the sales used to provide this estimate were under contract pre-covid and were in renovated condition. A 1 bedroom was also used and value adjusted based on square footage. There was also an unrenovated unit that was 2 floors lower that was also used. This unit was put under contract Mid Covid pandemic and shows a softening in the market, It my estimation the softening is temporary adjustments to value have been made accordingly. Thomas Tezak Broker Owner Wailea Realty + Windermere Real Estate 808-280-2055
The Shops at Wailea, 3750 Wailea Alanui B-16, Wailea, Maui, Hawaii, 96753
LISTING COUNT: DAYS ON MARKET: TOTAL HIGH LOW AVG MED 4 152 31 110 128
LIST PRICE:
HIGH $1,195,000
LOW $648,000
AVERAGE $918,250
MEDIAN $915,000
TOTAL PRICE $3,673,000
SOLD PRICE: $1,175,000 $628,000 $898,125 $894,750 $3,592,500 Class=CO AND Off Market Date=03/01/2020-01/07/2021 AND Complex=Koa Lagoon AND Bds=1-2 AND Status=SLDACT,PO,CNTRL,CNTXL,CNTPNDS,PNDNS SPREADSHEET Status
Building Name
District
Unit
Sold Price List Price Monthly Bds Maint Fee
Bths Liv-SFPrice Per SQFT
SOLD SOLD SOLD
Koa Lagoon Koa Lagoon Koa Lagoon
Kihei Kihei Kihei
505 204 604
$628,000 $648,000 $656.08 $714,500 $780,000 $888.14 $1,075,000 $1,050,000 $930.00
1 2 2
1.00 2.00 2.00
647 976 965
SOLD
Koa Lagoon
Kihei
107
$1,175,000 $1,195,000 $913.00
2
2.00
979
View
$970.63 Ocean $732.07 Ocean $1,113.99 Mountain/Oce an $1,200.20 Ocean
Days MLS # On Market
Closing Date
112 145 31
388023 388029 386090
11/25/2020 12/28/2020 3/16/2020
152
385640
6/10/2020
This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
Property Features
Comparable
Comparable
Comparable
Comparable
MLS #
388023
388029
386090
385640
Status
SOLD
SOLD
SOLD
SOLD
Building Name
Koa Lagoon
Koa Lagoon
Koa Lagoon
Koa Lagoon
Unit
505
204
604
107
Beds
1
2
2
2
Baths
1.00
2.00
2.00
2.00
Disclaimer This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
Class=CO AND Off Market Date=03/01/2020-01/07/2021 AND Complex=Koa Lagoon AND Bds=1-2 AND Status=SLDACT,PO,CNTRL,CNTXL,CNTPNDS,PNDNS
CMA Summary Report Condominium Summary Statistics Low
Average
Median
LP:$1,195,000
High
$648,000
$918,250
$915,000
SP:$1,175,000
$628,000
$898,125
$894,750
Condominium - Sold
Number of Properties: 4
Num
Bldg Nm
Unit
Bds
Close Date
Liv-SF
DOM LP
LP/Liv-SF
SP
SP/Liv-SF
1
Koa Lagoon
505
1
11/25/2020
647
112
$648,000
$1,001.55
$628,000
$970.63
2
Koa Lagoon
204
2
12/28/2020
976
145
$780,000
$799.18
$714,500
$732.07
3
Koa Lagoon
604
2
3/16/2020
965
31
$1,050,000
$1,088.08
$1,075,000
$1,113.99
4
Koa Lagoon
107
2
6/10/2020
979
152
$1,195,000
$1,220.63
$1,175,000
$1,200.20
Avg
1
891
110
$918,250
$1,027.36
$898,125
$1,004.22
Min
1
647
31
$648,000
$799.18
$628,000
$732.07
Max
2
979
152
$1,195,000 $1,220.63
$1,175,000 $1,200.20
Med
2
970
128
$915,000
$894,750
$1,044.82
$1,042.31
Date: 02/12/2021 Condominium - Realtors Association of Maui Customer Photo Gallery ____________________________________________________________________________________________________________________________ Video/Virtual Tour 3D Tour
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------MLS #: 388023 SOLD Building Name: Koa Lagoon List Price: $648,000 Address: 800 S Kihei Rd Unit: 505 Waterfront Unit: Yes Land Tenure: Fee Simple Bedrooms/Baths: 1 / 1.00 TMK: 2 - 3 - 9 - 001 - 013 - 0033 Original Price: $648,000 Living Area Square Feet: 647 District: Kihei Potential Short Sale: No REO: No Covered Lanai/Deck: 170 Land SF/Acres: 44431 / 1.0200 Listing Date: 8/5/2020 DOM: 112 Uncov Lanai/Deck: Maintenance Fee $/Mo : $656.08 Fee Price: $ Floor Level: 5 Year Built: 1980 Special Assessment $: Sold Price: $628,000 Central A/C: N Property Taxes $/Mo: $579.58 Short Sale: N Concessions: N Pool: ING Tax Year Ending: 2020 Contract Date: 9/5/2020 View: Ocean Tax Exemption: $ Closing Date: 11/25/2020 WaterFront: OceanFront Leasehold Rent $/Mo: Sold Terms: Conventional Pets Allowed: No Listing: Exclusive Right to Sell Short Term Rental Allowed: Yes Listed by: Maui Luxury Real Estate LLC Source Shrt Trm Rntl Info: Condo Book THE oceanfront 1 bedroom, 1 bathroom South Maui condo YOU have been waiting for is NOW available. Enjoy panoramic ocean views, picturesque sunsets and frolicking whales in season from the comfort of your large, covered lanai with upgraded tile. Offered fully furnished and turnkey, including mango wood dining table, sofa sleeper and updated A/C. Conveniently located close to popular Ulalani's shave ice, a farmer's market for fresh fruits and vegetables and numerous amenities. Don't miss out on this rare opportunity to call Koa Lagoon 505 your own!
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________ Cell: 808-280-2055 Tom Tezak RB-21167 Wailea Realty+WindermereRE (W) - 808-879-1991 tom@tomtezak.com Fax: 808-879-6481 ____________________________________________________________________________________________________________________________ This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
Date: 02/12/2021 Condominium - Realtors Association of Maui Customer Photo Gallery ____________________________________________________________________________________________________________________________ Video/Virtual Tour
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------MLS #: 388029 SOLD Building Name: Koa Lagoon List Price: $780,000 Address: 800 S Kihei Rd Unit: 204 Waterfront Unit: Yes Land Tenure: Fee Simple Bedrooms/Baths: 2 / 2.00 TMK: 2 - 3 - 9 - 001 - 013 - 0011 Original Price: $780,000 Living Area Square Feet: 976 District: Kihei Potential Short Sale: No REO: No Covered Lanai/Deck: 170 Land SF/Acres: 44431 / 1.0200 Listing Date: 8/5/2020 DOM: 145 Uncov Lanai/Deck: Maintenance Fee $/Mo : $888.14 Fee Price: $ Floor Level: 2 Year Built: 1977 Special Assessment $: Sold Price: $714,500 Central A/C: N Property Taxes $/Mo: $672.56 Short Sale: N Concessions: N Pool: ING Tax Year Ending: 2021 Contract Date: 10/10/20 View: Ocean Tax Exemption: $ Closing Date: 12/28/2020 WaterFront: OceanFront Leasehold Rent $/Mo: Sold Terms: Cash Pets Allowed: No Listing: Exclusive Right to Sell Short Term Rental Allowed: Yes Listed by: Bello Realty Inc Source Shrt Trm Rntl Info: Owner With incomparable 180 degree views from Kahoolawe to West Maui mountains and beyond from the spacious lanai, presenting a rare 2 bedroom 2 bath direct oceanfront condo in a small 42 unit complex in north Kihei. Imagine yourself enjoying beach strolls, whale watching, sunsets and more. Easy access to all parts of the island from this location. Koa Lagoon resort complex includes a large pool with cabana & watercraft storage. This unit will appreciate being refreshed and now is the perfect time to get started! Contact your Realtor today to schedule an in person showing.
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________ Cell: 808-280-2055 Tom Tezak RB-21167 Wailea Realty+WindermereRE (W) - 808-879-1991 tom@tomtezak.com Fax: 808-879-6481 ____________________________________________________________________________________________________________________________ This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
Date: 02/12/2021 Condominium - Realtors Association of Maui Customer Photo Gallery ____________________________________________________________________________________________________________________________ Video/Virtual Tour 3D Tour
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------MLS #: 386090 SOLD Building Name: Koa Lagoon List Price: $1,050,000 Address: 800 S Kihei Rd Unit: 604 Waterfront Unit: Yes Land Tenure: Fee Simple Bedrooms/Baths: 2 / 2.00 TMK: 2 - 3 - 9 - 001 - 013 - 0039 Original Price: $1,050,000 Living Area Square Feet: 965 District: Kihei Potential Short Sale: No REO: No Covered Lanai/Deck: Land SF/Acres: 44431 / 1.0200 Listing Date: 2/14/2020 DOM: 31 Uncov Lanai/Deck: Maintenance Fee $/Mo : $930.00 Fee Price: $ Floor Level: 6 Year Built: 1980 Special Assessment $: Sold Price: $1,075,000 Central A/C: n Property Taxes $/Mo: $333.69 Short Sale: N Concessions: N Pool: ING Tax Year Ending: 2019 Contract Date: 2/21/202 View: Mountain/Ocean Tax Exemption: $ Closing Date: 3/16/2020 WaterFront: OceanFront Leasehold Rent $/Mo: Sold Terms: Cash Pets Allowed: Listing: Exclusive Right to Sell Short Term Rental Allowed: Yes Listed by: Maui Luxury Real Estate LLC Source Shrt Trm Rntl Info: Here it is ~ THE oceanfront 2 bedroom, 2 bathroom condo YOU have been waiting for! Prime center location of the penthouse row at the popular Koa Lagoon! Enjoy picturesque sunsets and frolicking whales in season from the comfort of your double lanai. Additional features include A/C in the living room and both bedrooms, a skylight and sunshades, Sub-Zero refrigerator/freezer and Decor microwave/electric oven. Pride of ownership throughout this fully furnished, vacation rentable gem. Don't miss out on this rare opportunity to call Koa Lagoon 604 your own!
____________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________ Cell: 808-280-2055 Tom Tezak RB-21167 Wailea Realty+WindermereRE (W) - 808-879-1991 tom@tomtezak.com Fax: 808-879-6481 ____________________________________________________________________________________________________________________________ This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
Date: 02/12/2021 Condominium - Realtors Association of Maui Customer Photo Gallery ____________________________________________________________________________________________________________________________ Video/Virtual Tour
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------MLS #: 385640 SOLD Building Name: Koa Lagoon List Price: $1,195,000 Address: 800 S Kihei Rd Unit: 107 Waterfront Unit: Yes Land Tenure: Fee Simple Bedrooms/Baths: 2 / 2.00 TMK: 2 - 3 - 9 - 001 - 013 - 0007 Original Price: $1,195,000 Living Area Square Feet: 979 District: Kihei Potential Short Sale: No REO: No Covered Lanai/Deck: Land SF/Acres: 44431 / 1.0200 Listing Date: 1/10/2020 DOM: 152 Uncov Lanai/Deck: 170 Maintenance Fee $/Mo : $913.00 Fee Price: $ Floor Level: 1 Year Built: 1977 Special Assessment $: Sold Price: $1,175,000 Central A/C: N Property Taxes $/Mo: $467.92 Short Sale: N Concessions: N Pool: ING Tax Year Ending: Contract Date: 2/13/202 View: Ocean Tax Exemption: $ Closing Date: 6/10/2020 WaterFront: OceanFront Leasehold Rent $/Mo: Sold Terms: 1031 Exchange Pets Allowed: No Listing: Exclusive Right to Sell Short Term Rental Allowed: Yes Listed by: Wailea Realty+WindermereRE Source Shrt Trm Rntl Info: Resident/Property Manager Absolute Ocean front At Koa Lagoon! Enjoy 180 degree panoramic ocean views from this ground floor unit with large grassy lawn and lush sandy beach in front. Every inch of this unit has been remodeled to enhance the views and beachy lifestyle you will embrace at every turn. Slate Tile flooring throughout, Granite countertops and custom cabinetry are featured in this designer unit . Two bedrooms and two full baths are in this end unit that is a highly popular vacation rental. Large lanai and tons of glass allows nightly evening shows of sunsets and seasonal whale watching. This unit is truly one of a kind and not to be missed.
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____________________________________________________________________________________________________________________________ Cell: 808-280-2055 Tom Tezak RB-21167 Wailea Realty+WindermereRE (W) - 808-879-1991 tom@tomtezak.com Fax: 808-879-6481 ____________________________________________________________________________________________________________________________ This information is believed to be accurate. It has been provided by sources other than the REALTORS® Association of Maui, Inc. 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. Copyright REALTORS® Association of Maui, Inc. All Rights Reserved. Featured properties may or may not be listed by the office/agent presenting this brochure.
TOM’S CREDENTIALS Owner partner of Wailea Realty Corp. the oldest company in the Wailea Makena area. Top producer for Wailea Realty Corp. in 2012, 2013, 2014, 2015, 2016, 2017 , 2018 & 2019 Over 28 years experience selling Real Estate Certified Luxury Home Marketing Specialist “CLMHS” Certified Negotiating Expert “CNE” Certified Vacation Home Specialist Member “National Association of Realtors” Certified “ Luxury Property” Specialist Who’s Who in Luxury Real Estate/Board of Regents I have sold over $700 Million dollars in Maui Real Estate I had over $95 Million dollars in closed sales in 2018 and 2019. Wailea Realty Corp is the oldest company in Wailea, established in 1972. I specialize in South Maui Real Estate sales of extraordinary homes and condominiums, with over 90% of mysales in South Maui, Makena & Wailea Selected as one of the “Top 100 Realtors” in Hawaii by Hawaii Business Magazine 12 times Received Top 3% in Sales on Maui 2018 & 2019 Areas of Expertise: Makena Wailea Oceanfront (Island-Wide) Ranked in top 1% of all Agents Worldwide Consistently in the top 10 of all Maui Agents for the past 17 years. Co Author of Best Selling Book “ The Essential Guide to Buying and Selling Luxury Real Estate” Host of the Podcast” Selling the Dream” for Resort and 2nd Home Agents
Experience doesn’t cost more, but inexperience can!
The Shops at Wailea, 3750 Wailea Alanui B-16, Wailea, Maui, Hawaii, 96753