Akoko is the next development being built in West O‘ahu’s newest master-planned community at Ho’opili. Selling Now — Akoko has released new Market-priced Townhomes and Affordable Flats to purchase.
Ho’opili will offer residents 3 rail stops, 5 DOE public schools, including 3 elementary, 1 middle, and 1 high school, 7 recreation centers and 3 million square feet of shopping and dining options.
How Much Are the Homes in Akoko?
Market-priced Townhomes start at $559,000 fee simple with monthly maintenance fees from $386.82 to $411.52. There is also an additional monthly master association fee of $59.00. The projected move in dates are spring/summer 2018. Features include open kitchen layout, Range/Oven, Range Hood, Dishwasher, Refrigerator and Washer/Dryer, Stainless Steel Kitchen Sinks, Mini Blinds, plus much more.
(Market Townhomes Available Now to Purchase)
Affordable Flats start at $340,000 fee simple with a monthly maintenance fee of $214.48 to $273.10. There is also an additional master association fee of $59.00 monthly. The projected move in date is summer 2018. Features include open kitchen layout, Range/Oven, Range Hood, Dishwasher, Refrigerator and Washer/Dryer, Stainless Steel Kitchen Sinks, Mini Blinds, plus much more.
(Affordable Flats Available Now to Purchase)
(Affordable Flats Available Now to Purchase)
(Affordable Flats Available Now to Purchase)
Something to Note
The affordable flats require homeowners to live in the flats as their primary residence for 10 years. Typically, homeowners are not allowed to rent or sell their property for the first 10 years of residence. Once the 10 years are up, homeowners can sell or rent the property for market price. This could be a huge profit for homeowners if the prices continue to rise in Hawaii. In order to qualify for the affordable townhomes and flats, there are income limits by family size, one cannot currently own a home and has to be a resident.
Affordable Application
If you are interested in purchasing an Affordable Flat, a pre-approval letter is required by a lender of your choice. If you use D.R. Horton’s in-house lender, they offer $6000 towards closing costs. The affordable homes application will need to be completed and the owner affidavit will need to be notarized. Once all documents are filled out, notarized and gathered, we will visit the sales office to select your home. A $1,000 earnest money deposit will be collected to secure your home.
Receive the Latest Updates
Would you like to be an insider client? An insider client will be the first to know about Hoopili’s new releases, projects, dates, prices, etc. These homes are selling fast and they are held by lottery. You will need a realtor working for you that has the inside scoop to help you secure a home.
More Information
If you want to become an insider client on Hoopili, or want more information on Akoko, the affordable housing application, floor plans and prices, please contact me at 808.439.1077 or fawnbertram@hawaiilife.com. I will walk you through the home buying process and you’ll be a new homeowner in no time. I look forward to hearing from you.
Until next time, live with Aloha!
DIANNA
May 6, 2018
Hello,
Question about the affordable home application, and buying process for these homes. A friend has just moved into the first phase of houses and let me know that another phase would soon be opening. Would appreciate any information you could email to me.
Mahalo, Dianna M.