NOT LISTED FOR SALE

1237 Palolo Ave Honolulu, HI 96816

Palolo Neighborhood

Estimated Value: $1,962,031 - $2,349,000

-- Bed
1 Bath
4,247 Sq Ft
$499/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $1,960,000 $462 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,125/month

127 Days on Market

Highlights

  • City View
  • Property is in very good condition
  • Community Storage Space
  • Ali'iolani Elementary School Rated A-
  • Level Lot
  • 4-minute walk to Pukele Avenue Mini Park

About This Home

As of July 2022

Large 8,073 square feet lot zoned R-5 with a five-unit building in Palolo. Close to McDonald on Waialae Ave. Building has been adequately maintained for its age (Unit #1 has been fully renovated in 2021). Conveniently located near restaurants, supermarkets, schools, public transportation and H-1 Access. Coin operated washer and dryer on site. Ample storage and large open deck. Property to be sold "AS IS".

Last Agent to Sell the Property

Helen Linh On

Dower Realty, Inc. License #RS-50409 Listed on: 02/01/2022

Last Buyer's Agent

Joanna Zheng

Best Island Realty LLC License #RB-22484

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,848

Year Built

  • Built in 1972 | Remodeled in 2021

Lot Details

  • 8,073 Sq Ft Lot
  • Level Lot
  • Property is in very good condition

Property Views

  • City
  • Mountain

Home Design

  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 4,247 Sq Ft Home
  • 2-Story Property
  • Partially Furnished

Parking

  • 6 Parking Spaces
  • Open Parking
  • Assigned Parking

Community Details

  • 5 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,848

Year Built

Built in 1972 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 4247
  • Stories Type: Two
  • Year Built: 1972
  • Year Renovated: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Amenities: Storage
  • Furnished: Partial

Exterior Features

  • Construction Type: Hollow Tile, Single Wall, Slab, Wood Frame
  • Easements: None
  • Flood Zone: Zone X
  • Lot Features: Other
  • Property Condition: Above Average, Average
  • Topography: Level
  • View: City, Mountain

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 6

Utilities

  • Utilities: Overhead Electricity, Public Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 7848.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Zheng Yunhong Gu and Xiang Ming
Bought by
Zheng Estate Trust
Current Estimated Value
$2,119,008

Purchase Details

Listed on
Feb 1, 2022
Closed on
Jul 21, 2022
Sold by
Marilyn M L Sullivan 1997 Family Trust
Bought by
Gu Zheng Yun Hong and Ming Zheng Xiang
Seller's Agent
Helen Linh On
Dower Realty, Inc.
Buyer's Agent
Joanna Zheng
Best Island Realty LLC
List Price
$2,500,000
Sold Price
$1,960,000
Premium/Discount to List
-$540,000
-21.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%
Original Mortgage
$1,380,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2010
Sold by
Sullivan Marilyn M L
Bought by
Sullivan Marilyn M L and Sullivan Family Living Trust

Purchase Details

Closed on
Feb 18, 1999
Sold by
Au Henry Lin Chun and Sullivan Marilyn Mei Lin Au
Bought by
Sullivan Marilyn M L and Marilyn M L Sullivan 1997 Family Trust

Purchase Details

Closed on
May 7, 1998
Sold by
Au Henry Lin Chun and Sullivan Marilyn Mei Lin Au
Bought by
Sullivan Marilyn M L and Marilyn M L Sullivan Family Trust

Purchase Details

Closed on
Oct 9, 1997
Sold by
Au Henry Lin Chun and Sullivan Marilyn Mei Lin Au
Bought by
Sullivan Marilyn M L
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
Zheng Estate Trust -- --
Gu Zheng Yun Hong $1,960,000 First American Title Of Hawaii
Sullivan Marilyn M L -- None Available
Sullivan Marilyn M L -- --
Sullivan Marilyn M L -- --
Sullivan Marilyn M L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gu Zheng Yun Hong $1,380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Off Market $1,960,000 -- --
07/26/2022 07/26/22 Sold $1,960,000 -21.6% $462 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $2,500,000 -- $589 / Sq Ft
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 $8,014 $2,246,400 $2,008,600 $237,800
2024 $8,014 $2,289,800 $2,049,900 $239,900
2023 $8,007 $2,287,800 $2,049,900 $237,900
2022 $8,829 $2,522,600 $2,355,700 $166,900
2021 $7,847 $2,242,000 $2,070,700 $171,300
2020 $7,796 $2,227,500 $2,099,000 $128,500
2019 $6,105 $2,150,900 $2,018,300 $132,600
2018 $6,105 $1,744,300 $1,614,600 $129,700
2017 $5,267 $1,504,800 $1,291,700 $213,100
2016 $4,713 $1,346,600 $1,130,200 $216,400
2015 $4,533 $1,295,000 $1,081,800 $213,200
2014 -- $1,263,300 $1,049,500 $213,800
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    Helen Linh On

    Dower Realty, Inc.

    (808) 227-1818

    3 in this area

    34 Total Sales

    Helen Linh On
    Section Image

  • J

    Buyer's Agent in 2022

    Joanna Zheng

    Best Island Realty LLC

    (808) 728-2686

    5 in this area

    70 Total Sales

    Joanna Zheng
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202201596

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-3-003-034-0000

Hawaii Honolulu County Honolulu 96816 Palolo

1237 Palolo Ave, Honolulu, HI

This home is located at 1237 Palolo Ave, Honolulu, HI 96816 since 01 February 2022 and is currently estimated at $2,119,008, approximately $498 per square foot. This property was built in 1972. 1237 Palolo Ave is a home located in Honolulu County with nearby schools including Ali'iolani Elementary School, William P. Jarrett Middle School, and Kaimuki High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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