NOT LISTED FOR SALE

Estimated Value: $2,322,000 - $2,594,000

17 Beds
6 Baths
4,857 Sq Ft
$510/Sq Ft Est. Value

Last Sold July 11, 2023

Last sale price $2,425,000 $499 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $13,783/month

117 Days on Market

Highlights

  • 15,000 Sq Ft lot
  • Garden View
  • Property is in very good condition
  • Ali'iolani Elementary School Rated A-
  • Central Air
  • Lot Sloped Down

About This Home

As of July 2023

Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15,000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor). Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters. Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income. Three generations of the same family have enjoyed ownership the past 78 years.

Last Agent to Sell the Property

Sue Young

Sue Young License #RB-07817 Listed on: 03/16/2023

Last Buyer's Agent

Joshua Nelson

Harcourts Island Real Estate License #RS-70194

Harcourts Island Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,306

Year Built

  • Built in 1931 | Remodeled in 2020

Lot Details

  • 0.34 Acre Lot
  • Lot Sloped Down
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 4,857 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Garden Views

Parking

  • 17 Parking Spaces
  • Covered Parking
  • Open Parking
  • Assigned Parking

Utilities

  • Central Air
  • Gas Available
  • Sewer Tap Fee
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 14 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,306

Year Built

Built in 1931 | Remodeled in 2020

Lot Details

0

Listing Details

  • PropertyFrontage: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 4857
  • Stories Type: One, Two
  • Year Built: 1931
  • Year Renovated: 2020
  • Attribution Contact: (808) 946-1145
  • Special Features: None
  • Stories: 1

Interior Features

  • Amenities: A/C, Storage
  • Furnished: Partial

Exterior Features

  • Construction Type: Single Wall, Slab, Wood Frame
  • Easements: None
  • Flood Zone: Zone X
  • Lot Features: Clear
  • Property Condition: Above Average
  • Topography: Down Slope, Gentle Slope
  • View: Garden

Garage/Parking

  • Parking Features: Assigned, Covered, Open
  • Total Parking Spaces: 17

Utilities

  • Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 8306.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jun 26, 2023
Sold by
Marjorie K Folk Trust and Walter W Y Chung Revocable Living Trust
Bought by
Copley Llc
Seller's Agent
Sue Young
Sue Young
Buyer's Agent
Joshua Nelson
Harcourts Island Real Estate
List Price
$2,700,000
Sold Price
$2,425,000
Premium/Discount to List
-$275,000
-10.19%
Current Estimated Value
$2,478,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,893
Avg. Annual Appreciation
0.96%
Original Mortgage
$1,700,000
Outstanding Balance
$1,657,764
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$821,130

Purchase Details

Closed on
Mar 29, 2023
Sold by
Walter W Y Chung Revocable Living Trust
Bought by
Marjorie K Folk Trust and Walter W Y Chung Revocable Living Trust

Purchase Details

Closed on
Mar 29, 2012
Sold by
Folk Marjorie K
Bought by
Folk Marjorie K
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
Copley Llc -- Fam
Marjorie K Folk Trust -- None Listed On Document
Folk Marjorie K -- None Available
Folk Marjorie K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Copley Llc $1,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2023 07/13/23 Off Market $2,425,000 -- --
07/11/2023 07/11/23 Sold $2,425,000 -10.2% $499 / Sq Ft
03/16/2023 03/16/23 For Sale $2,700,000 0.0% $556 / Sq Ft
10/27/2021 10/27/21 Rented $680 0.0% --
10/27/2021 10/27/21 For Rent $680 -- --
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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 $9,692 $2,673,300 $1,875,000 $798,300
2024 $9,692 $2,769,200 $1,828,100 $941,100
2023 $7,666 $2,190,400 $1,950,000 $240,400
2022 $8,306 $2,373,200 $1,750,000 $623,200
2021 $8,192 $2,340,500 $1,600,000 $740,500
2020 $6,891 $1,968,800 $1,560,000 $408,800
2019 $6,450 $1,842,800 $1,540,000 $302,800
2018 $6,305 $1,801,400 $1,480,000 $321,400
2017 $5,989 $1,711,100 $1,552,500 $158,600
2016 $6,344 $1,812,500 $1,552,500 $260,000
2015 $5,607 $1,602,100 $1,462,500 $139,600
2014 -- $1,464,100 $1,372,500 $91,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202306339

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-2-001-036-0000