03-23-2011, 11:48 AM
There are pieces of land (ag land), that were divided by CPR prior to the moratorium. I know numerous people who have bought it, who have done the CPR's, and my husband I have actually owned two CPR properties.
There was nothing sketchy about it. There was only one water meter, so we needed a sub-meter, but otherwise the properties were completely separate other than an access easement for the driveway to the landlocked parcel -- title, insurance, boundaries, all were clear.
It was a way of subdividing ag land that cannot be subdivided because the class of ag land requires more land. Our first CPR was a 2 acre parcel that was CPR'd into a 2 acre and a 1 acre in an Ag-3 zone.
The second one was only a 10K foot parcel, and the front was small too.
If you were to look at land in North Kohala, you would see CPR's everywhere. Of all the property we looked at up there, probably more than 50% was CPR, and our best friends there had all bought or created CPR property.
I have no idea how much of it there was done in Puna, can't recall looking at any.
As with all situations where you have to share something with another landowner, like a driveway, it is something to take into consideration. I've had five shared driveway situations, and three of them were not CPR, and actually the two that were CPR were entirely amicable -- whereas two where it was an easement but not CPR the neighbors were not good at sharing.
Perhaps people who buy CPR realize that some mutual cooperation is part of the deal, don't know, hate to generalize like that. Just my own experience.
You should have a real estate agent, Dennis. He or she will explain it to you.
btw, I have looked at property with as many as 8 CPR units. Typically it is an even number of units. It is nothing like owning a condo in a complex, because there are no common areas other than any driveway situation, and there are no monthly maintenance fees. Also, the property tax was completely separate, as was the HELCO.
It is only the water company (in North and South Kohala) which will not issue a separate meter for the CPRl
There was nothing sketchy about it. There was only one water meter, so we needed a sub-meter, but otherwise the properties were completely separate other than an access easement for the driveway to the landlocked parcel -- title, insurance, boundaries, all were clear.
It was a way of subdividing ag land that cannot be subdivided because the class of ag land requires more land. Our first CPR was a 2 acre parcel that was CPR'd into a 2 acre and a 1 acre in an Ag-3 zone.
The second one was only a 10K foot parcel, and the front was small too.
If you were to look at land in North Kohala, you would see CPR's everywhere. Of all the property we looked at up there, probably more than 50% was CPR, and our best friends there had all bought or created CPR property.
I have no idea how much of it there was done in Puna, can't recall looking at any.
As with all situations where you have to share something with another landowner, like a driveway, it is something to take into consideration. I've had five shared driveway situations, and three of them were not CPR, and actually the two that were CPR were entirely amicable -- whereas two where it was an easement but not CPR the neighbors were not good at sharing.
Perhaps people who buy CPR realize that some mutual cooperation is part of the deal, don't know, hate to generalize like that. Just my own experience.
You should have a real estate agent, Dennis. He or she will explain it to you.
btw, I have looked at property with as many as 8 CPR units. Typically it is an even number of units. It is nothing like owning a condo in a complex, because there are no common areas other than any driveway situation, and there are no monthly maintenance fees. Also, the property tax was completely separate, as was the HELCO.
It is only the water company (in North and South Kohala) which will not issue a separate meter for the CPRl