$285,000
SOLD FEB 16, 2022

1280 Kumukoa St Hilo, HI 96720

4 Beds
3 Baths
1,570 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$182 Per Sq Ft

9% Below List Price

22 Days on Market

Highlights

  • Ocean View
  • Attached Garage
  • Level Lot
  • Wood Flooring
  • Stone Wall
  • 3-minute walk to University Heights Park

About This Home

As of August 2024

This is a "project home" which needs major renovation. HOWEVER, CURRENT OWNER HAS COUNTY OF HAWAII BUILDING DEPARTMENT PERMITS IN HAND! Will need to be a cash sale or a renovation loan. Some non-redwood components, including main beam, have termite damage and need replacement. PERMITS include new trusses in great room and replacing the 4th bedroom on the main level with a 2nd bathroom. Blueprints included.

The home is located in the Hilo Opportunity Zone, which offers exclusion from long term capital gains taxes if owned for 10+ years.

Old Hawaii Style Redwood home with ocean views. Great location in the University Heights subdivision 1/4 mile from UH-Hilo. Open ceiling living room with oak floors. 4 bedrooms, 1 full bath on main level with additional full bath in enclosed porch. Additional 500 sf basement with bath adjacent to 2 car garage. Solar Hot Water. Rear yard has mango, ulu, and avocado trees, backs up to 147 acre U H Hilo woods and Imiloa Astronomy Center.

A must see for the buyer looking for a project in the heart of Hilo! This could be a great home for the investor or for the incoming UHH student. Walk to campus in 3 minutes! Home was tented in August, 2019 and is still under warranty. Home has been treated for Ground termites in 2021.

AGAIN: PERMITS ARE IN HAND!

Last Agent to Sell the Property

Donna Duryea

COMPASS Brokerage Phone: 8089874511 License #RS-62459 Listed on: 12/22/2021

Last Buyer's Agent

Rose Delfin

Aloha Sotheby's International Realty Inc. License #RB-19466

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,559

Year Built

  • Built in 1968

Lot Details

  • Property fronts a county road
  • Stone Wall
  • Level Lot
  • Property is zoned RS-10

Parking

  • Attached Garage

Home Design

  • Wood Frame Construction

Interior Spaces

  • 1,570 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Ocean Views
  • Range Hood

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cesspool
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • University Heights Residential Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 3240240920000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,559

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Stone
  • Road Frontage Type: HIS Road/Street
  • Attribution Contact: 8089874511
  • Co List Office Phone: 8083785447
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: UNIVERSITY HEIGHTS RESIDENTIAL SUBDIVISION
  • Unit Levels: Two
  • Living Area: 1570.0
  • Property Attached Yn: Yes
  • Year Built: 1968
  • Tax Year: 2018
  • HIS_PoolYN: No
  • Unit Description: Single Family Home
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 466
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, DSL
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other, Range Hood
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Flooring: Hardwood
  • Total Bathrooms: 3
  • Design: Single Wall, Wood Frame

Exterior Features

  • Topography: Fairly Level
  • View: HIS Sunrise, Ocean
  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3240240920000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2559.0
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Aug 26, 2024
Sold by
Shepard Jesse
Bought by
Engle James Neal and Engle Angela Kuuipo
Seller's Agent
Rose Delfin
Aloha Sotheby's International Realty Inc.
Buyer's Agent
Howard Meguro
Coldwell Banker Island Properties - Hilo
List Price
$680,000
Sold Price
$670,000
Premium/Discount to List
-$10,000
-1.47%
Views
147
Current Estimated Value
$694,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,439
Avg. Annual Appreciation
4.34%
Original Mortgage
$670,000
Outstanding Balance
$665,311
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$31,715

Purchase Details

Listed on
Dec 22, 2021
Closed on
Feb 11, 2022
Sold by
John Warren Jerry and John Ingrid
Bought by
Shepard Jesse
Seller's Agent
Donna Duryea
COMPASS
Buyer's Agent
Rose Delfin
Aloha Sotheby's International Realty Inc.
List Price
$314,000
Sold Price
$285,000
Premium/Discount to List
-$29,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.19%

Purchase Details

Listed on
Apr 13, 2019
Closed on
Sep 12, 2019
Sold by
Yamashiro Carla A
Bought by
Warren Jerry John and Fregeau Ingrid
Seller's Agent
John Nakashima
CG Hawaii Realty Corp.
Buyer's Agent
Donna Duryea
COMPASS
List Price
$288,000
Sold Price
$250,000
Premium/Discount to List
-$38,000
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2002
Sold by
Yamashiro Toshio and Yamashiro Kazue
Bought by
Yamashiro Carla A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title Of Hawaii
Warranty Deed $285,000 First American Title Of Hawaii
Warranty Deed $285,000 First American Title Of Hawaii
Warranty Deed $250,000 Fam
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $670,000 VA
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2024 11/02/24 Off Market $285,000 -- --
09/04/2024 09/04/24 Off Market $670,000 -- --
08/31/2024 08/31/24 Off Market $670,000 -- --
08/29/2024 08/29/24 Sold $670,000 -1.5% $419 / Sq Ft
05/13/2024 05/13/24 For Sale $680,000 +138.6% $425 / Sq Ft
02/16/2022 02/16/22 Sold $285,000 -9.2% $182 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
12/22/2021 12/22/21 For Sale $314,000 +25.6% $200 / Sq Ft
12/17/2019 12/17/19 Off Market $250,000 -- --
09/18/2019 09/18/19 Sold $250,000 -13.2% $260 / Sq Ft
05/19/2019 05/19/19 Pending -- -- --
04/13/2019 04/13/19 For Sale $288,000 -- $300 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $6,538 $610,100 $205,800 $404,300
2024 $6,538 $589,000 $205,500 $383,500
2023 $3,453 $311,100 $193,900 $117,200
2022 $3,390 $305,400 $164,300 $141,100
2021 $3,039 $273,800 $150,800 $123,000
2020 $2,873 $258,800 $141,800 $117,000
2019 $2,806 $252,800 $141,800 $111,000
2018 $2,560 $230,600 $141,800 $88,800
2017 $2,439 $219,700 $134,300 $85,400
2016 $2,116 $210,500 $126,800 $83,700
2015 $75 $135,700 $60,600 $75,100
2014 $75 $131,700 $60,600 $71,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 656967

Hawaii Information Service (MLS Hawaii)

APN: 3-2-4-024-092-0000