NOT LISTED FOR SALE

1450 Mokulua Dr Kailua, HI 96734

Estimated Value: $3,150,000 - $5,902,176

3 Beds
2 Baths
1,257 Sq Ft
$3,649/Sq Ft Est. Value

Last Sold September 16, 2016

Last sale price $1,920,000 $1,527 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $26,875/month

362 Days on Market

Highlights

  • Ocean Front
  • Parking available for a boat
  • Separate Outdoor Workshop
  • Kailua Intermediate School Rated A-
  • Wood Flooring
  • Building Patio

About This Home

As of September 2016

Never before on the market - classic Lanikai beach home on large level lot with direct private oceanfront for a great price. Swim, kayak, and fish from your own property. Create your dream here or renovate and enjoy the simpler life. Cute older 3 bedroom 2 bath home has a large deck and good floor plan, needs renovation, sold As-Is. Detached art/craft studio or rec room is charming and useful. Unique lot shape is a reverse flag lot with narrow end right on the ocean, with direct views of the Mokuluas. Make this your heritage property!

Last Agent to Sell the Property

Stephanie Gieseler

Drop - 2021 License #RB-16098 Listed on: 08/21/2015

Last Buyer's Agent

Ralph Gray

Hawaii Homes International License #RS-57803

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,600

Year Built

  • Built in 1943

Lot Details

  • 0.27 Acre Lot
  • Ocean Front
  • Property fronts a county road
  • Level Lot
  • Flag Lot
  • Zoning described as 03 - R10 - Residential District

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,257 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ocean Views

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Parking available for a boat

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • Kaohao Elementary School
  • Kailua Middle School
  • Kalaheo High School

Listing and Financial Details

  • Exclusions: Dryer,Other,Refrigerator,Washer,Window Coverings
  • Assessor Parcel Number 1-4-3-003-061-0000

Community Details

Overview

  • Lanikai Community Association
  • Lanikai Subdivision

Amenities

  • Building Patio
  • Community Deck or Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,600

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Architectural Style: Cottage, Detached, Studio
  • Inclusions: Ceiling Fan
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1943
  • CommunityFeatures: Deck/Porch, Patio
  • Road Frontage Type: Oceanfront
  • Road Frontage Type: County Road
  • MLS Status: Closed
  • Subdivision Name: LANIKAI
  • Unit Levels: One
  • Living Area: 1257.0
  • New Construction: No
  • Roof: Asphalt, Shingle
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Vinyl
  • Furnished: Unfurnished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Construction Type: Wood Frame
  • Lot Features: Cleared, Flag Lot, Interior Lot, Level
  • Pool Features: None
  • Property Condition: Average Condition, Repairs Major
  • Topography: Level
  • View: Mountain(s), Ocean, Sunrise
  • View: Yes
  • Disclosures: Seller Disclosure
  • Exclusions: Dryer,Other,Refrigerator,Washer,Window Coverings
  • Other Structures: Workshop

Garage/Parking

  • Parking Features: Boat, Driveway, Three or more Spaces
  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Association/Amenities

  • General Property Information:Association Name: Lanikai Community Association

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Kaohao
  • High School: Kalaheo
  • Middle Or Junior School: Kailua

Lot Info

  • Parcel Number: 1-4-3-003-061-0000
  • Zoning Description: 03 - R10 - Residential District

Tax Info

  • Tax Annual Amount: 9600.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2017
Sold by
Gray Ralph Sutton
Bought by
Gray Ralph Sutton and Gray Catherine Malia
Total Days on Market
362
Current Estimated Value
$4,586,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Aug 21, 2015
Closed on
Sep 12, 2016
Sold by
Nelson Family Limited Partneship 1450
Bought by
Gray Ralph Sutton
Seller's Agent
Stephanie Gieseler
Drop - 2021
Buyer's Agent
Ralph Gray
Hawaii Homes International
List Price
$2,300,000
Sold Price
$1,920,000
Premium/Discount to List
-$380,000
-16.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.50%
Original Mortgage
$1,200,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 1996
Sold by
Nelson Julian Smith and Nelson Evelyn Yap
Bought by
Second Julian & Evelyn Y Nelson Ltd Prtn
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 Buyer Sale Price Title Company
Gray Ralph Sutton -- Accommodation
Gray Ralph Sutton -- Accommodation
Gray Ralph Sutton -- Tg
Gray Ralph Sutton -- Tg
Second Julian & Evelyn Y Nelson Ltd Prtn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Ralph Sutton $1,600,000
Closed Gray Ralph Sutton $1,600,000
Closed Gray Ralph Sutton $240,000
Closed Gray Ralph Sutton $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2016 09/16/16 Sold $1,920,000 -16.5% $1,527 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
08/21/2015 08/21/15 For Sale $2,300,000 -- $1,830 / 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
2024 $13,536 $3,987,400 $2,574,800 $1,412,600
2023 $14,361 $4,303,200 $2,574,800 $1,728,400
2022 $11,904 $3,501,200 $2,574,800 $926,400
2021 $24,280 $2,883,800 $2,032,700 $851,100
2020 $18,910 $2,372,400 $1,978,500 $393,900
2019 $6,978 $2,073,700 $2,005,600 $68,100
2018 $6,808 $2,025,000 $2,005,600 $19,400
2017 $5,357 $1,610,700 $1,482,300 $128,400
2016 $9,601 $1,600,100 $1,438,700 $161,400
2015 $8,369 $1,394,900 $1,177,100 $217,800
2014 -- $1,332,800 $1,133,500 $199,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201511790

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-4-3-003-061-0000