NOT LISTED FOR SALE

1041 Palolo Place Makawao, HI 96768

Estimated Value: $1,097,000 - $1,440,597

4 Beds
2 Baths
1,764 Sq Ft
$694/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $615,000 $349 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $6,736/month

56 Days on Market

About This Home

As of December 2018

Superior value. Ideally located. This updated 4-bedroom, 2-bath home offers the cool breezes of upcountry living just a few blocks from Makawao shops, restaurants, schools, and more. Safely located in a peaceful cul-de-sac, this low maintenance yard provides several fruit producing trees and gardens (Papaya, Starfruit, Mango, Tangelo, Lemon, Turmeric, Lavender, and more...). The floor plan includes a laundry room, living room, and family room that provides plenty of space to spread out when needed. The private master suite with vaulted ceilings and loft area is tucked away from the other bedrooms. A flexible floor plan indeed. Tile/wood flooring and granite countertops help keep things clean, while 16-owned photo-voltaic panels, solar hot water, whole-house fan, double pane windows and doors make this property energy efficient (already installed - saves $money). Off-street parking for 3+ vehicles includes an electric vehicle charging station. With fresh paint inside and out, this home is clean and ready for you to move in. Check out the Matterport 3D tour to see for yourself. Then call your favorite Realtor® before it's gone! Ask your Realtor® for the "Feature Sheet" with additional details!

Last Agent to Sell the Property

Michael Bush

Maui Island Properties License #RB-22556 Listed on: 08/31/2018

Last Buyer's Agent

Marceline Burgess

Maui Ohana Real Estate LLC License #RB-23494

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1981

Lot Details

  • 6,451

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Mountain Views
  • 6,451 Sq Ft Lot

Home Details

Home Type

Single Family

Est. Annual Taxes

$820

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Residential
  • District: Makawao/Olinda/Haliimaile
  • Type: Single Family
  • View: Mountain
  • Year Built House: 1981
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1981
  • Year Renovated: 2010

Interior Features

  • Bathrooms: 2
  • Bedrooms: 4
  • Living Area Sq Ft: 1764

Lot Info

  • Land Acres: 0.1481
  • Land Sq Ft: 6451

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Dec 8, 2018
Sold by
Xu Fong John K and Xu Fong Ling
Bought by
Nelson James Allen and Keatley Emilee Rose
Seller's Agent
Michael Bush
Maui Island Properties
Buyer's Agent
Marceline Burgess
Maui Ohana Real Estate LLC
List Price
$665,000
Sold Price
$615,000
Premium/Discount to List
-$50,000
-7.52%
Current Estimated Value
$1,223,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,899
Avg. Annual Appreciation
9.51%
Original Mortgage
$615,000
Interest Rate
4.8%
Mortgage Type
VA

Purchase Details

Closed on
Nov 23, 2012
Sold by
Fong Jon K and Xu Ling
Bought by
Fong Jon K and Fong Ling Xu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2007
Sold by
Fong Jon K
Bought by
Fong Jon K and Xu Ling

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N

Purchase Details

Closed on
Oct 26, 2000
Sold by
Tam Anna
Bought by
Fong Jon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
7.89%

Purchase Details

Closed on
Aug 8, 2000
Sold by
Tam Anthony A and Tam Anna
Bought by
Tam Anna
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nelson James Allen $615,000 Fidelity National Title & Es
Fong Jon K -- None Available
Fong Jon K -- Accommodation
Makekau Jeffery N -- --
Fong Jon K $170,000 --
Tam Anna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson James Allen $608,885
Closed Nelson James Allen $613,600
Closed Nelson James Allen $617,200
Closed Nelson James Allen $615,000
Previous Owner Fong Jon K $60,000
Previous Owner Fong Jon K $220,500
Previous Owner Fong Jon K $225,000
Previous Owner Fong Jon K $70,000
Previous Owner Fong Jon K $129,000
Previous Owner Fong Jon K $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2018 12/14/18 Sold $615,000 -4.7% $349 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
10/18/2018 10/18/18 Price Changed $645,000 -3.0% $366 / Sq Ft
08/31/2018 08/31/18 For Sale $665,000 -- $377 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $820 $937,400 $651,800 $285,600
2024 $820 $755,800 $482,300 $273,500
2023 $782 $711,700 $436,700 $275,000
2022 $975 $687,400 $436,700 $250,700
2021 $896 $637,400 $423,600 $213,800
2020 $1,044 $615,900 $397,600 $218,300
2019 $1,089 $575,500 $358,500 $217,000
2018 $982 $544,600 $286,800 $257,800
2017 $909 $0 $0 $0
2016 $805 $498,100 $260,700 $237,400
2015 $199 $449,100 $234,600 $214,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 379749

Maui MLS (REALTORS® Association of Maui)

APN: 2-2-4-007-115-0000