NOT LISTED FOR SALE

15-2733 Welea St Pahoa, HI 96778

Estimated Value: $699,198 - $887,000

0.2 Acre
$3,944,000 Price per Acre
8,712 Sq Ft Lot

Last Sold November 19, 2018

Last sale price $155,000

Est. 409% increase in value since last sale

Current estimated payment $4,436/month

288 Days on Market

About This Lot

As of November 2018

Dramatic price reduction on this stunning oceanfront property that borders a 3.56 acre oceanfront park (owned by the County of Hawaii,"Kahakai Park") gives you unobstructed views that span across the Pacific Ocean to the horizon! Now listed at only $159,000!!!
This Eastern facing property located in the coastal "sunbelt" of Hawaiian Parks Subdivision also boasts magical moon and spectacular sun rises, end to end rainbows and colorful skies and clouds during sunsets. The clear visibility from the cool and gentle trade winds show off the Puna coastline for miles! Sit and watch the ocean life of the green sea turtles, spinner dolphins and seasonal whales swim by as you relax from the elevated bluff of this property.
The convenient location allows a short drive to the growing town of Pahoa Village that offers groceries, restaurants, banks, medical facilities, a Post Office, shops, an Olympic pool, a brand new Sports Park, and a new complex on its way!
This oceanfront neighborhood with many upscale homes and successful vacation rentals has all the convenient amenities including underground utilities, piped water with individual meters, mail delivery service, county-maintained paved roads, TV and internet all with zero Association fees!
This particular lot greets you with mature coconut trees and a few other coastal trees and plants to give you the option of starting with a tropical landscape.
The sale of this property includes an existing house plan drafted by a local architect valued at $7,000. "Hale Lanikai" or "House of Heavenly Sea", is a perfect fit for this parcel that includes multiple levels, a pool and a hot tub. (See the renderings in the photos with this listing). Also included with the sale is a Shoreline survey, a historic preservation review and the wastewater plans that were all completed in 2008-2009. Come build your dream home on your piece of oceanfront paradise and be able to say "lucky I live Hawaii"

Last Agent to Sell the Property

Felicia Frazer-Harms

Coldwell Banker Island Properties - Kona Brokerage Phone: 8089362270 License #RS-66974 Listed on: 01/03/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,126

Lot Details

  • Waterfront
  • Property fronts a county road
  • Street terminates at a dead end
  • Property is zoned A-1A

Property Views

  • Ocean Views

Utilities

  • Private Water Source
  • Septic Tank

Community Details

  • Hawaiian Parks Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 68
  • Assessor Parcel Number 3150630060000

Property Details

Property Type

Land

Est. Annual Taxes

$1,126

Lot Details

0

Listing Details

  • Prop. Type: Land
  • ResoLotFeatures: Dead End, See Remarks
  • Attribution Contact: 8089362270
  • Co List Office Phone: 8089659903
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HAWAIIAN PARKS SUBDIVISION
  • Tax Year: 2017
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Other (remarks)
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Topography: Other (remarks)
  • View: Coastline, Ocean, Ocean Horizon, Other, Sunrise
  • Waterfront: Yes
  • Roads: County

Utilities

  • Sewer: Other, Septic Tank
  • Utilities: Other
  • Water Source: Other, Private

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-1A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3150630060000

Tax Info

  • Tax Annual Amount: 1126.0
  • Tax Block: 68
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2018
Closed on
Nov 8, 2018
Sold by
Schmidt David L and Schmidt Valerie L
Bought by
Koch Sonja and Wessinger Wilhelm Alexander
Seller's Agent
Felicia Frazer-Harms
Coldwell Banker Island Properties - Kona
List Price
$246,000
Sold Price
$155,000
Premium/Discount to List
-$91,000
-36.99%
Current Estimated Value
$788,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$633,800
Avg. Annual Appreciation
26.68%

Purchase Details

Closed on
Nov 17, 2008
Sold by
Aina Aloha Properties Llc
Bought by
Schmidt David L and Schmidt Valerie L

Purchase Details

Closed on
Aug 1, 2006
Sold by
First Title Holding 50005D Llc
Bought by
Aina Aloha Properties Llc

Purchase Details

Closed on
Feb 2, 2005
Sold by
Hoonui Inc
Bought by
First Title Holdings 5005D Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,530
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2004
Sold by
Matsuzaki Mamoru and Matsuzaki Sanae
Bought by
Hoonui Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,530
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1998
Sold by
Kapea Corp
Bought by
Matsuzaki Mamoru and Matsuzaki Sanae

Purchase Details

Closed on
Apr 13, 1998
Sold by
Dolan Lawrence R
Bought by
Kapea Corp
Source: Public Records

Range of Values:

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Average Value
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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
Koch Sonja -- Tg
Schmidt David L $257,500 Fam
Aina Aloha Properties Llc $250,000 Tg
First Title Holdings 5005D Llc $250,000 --
Hoonui Inc $110,000 --
Matsuzaki Mamoru $120,000 Security Title Corporation
Kapea Corp $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner First Title Holdings 5005D Llc $251,530
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2024 10/22/24 Off Market $155,000 -- --
02/17/2019 02/17/19 Off Market $155,000 -- --
11/19/2018 11/19/18 Sold $155,000 -37.0% --
10/18/2018 10/18/18 Pending -- -- --
01/03/2018 01/03/18 For Sale $246,000 -- --
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 $2,858 $649,200 $156,500 $492,700
2024 $2,858 $630,300 $156,500 $473,800
2023 $2,841 $611,900 $156,500 $455,400
2022 $2,592 $541,500 $140,300 $401,200
2021 $1,495 $134,700 $134,700 $0
2020 $1,240 $111,700 $111,700 $0
2019 $1,240 $111,700 $111,700 $0
2018 $1,127 $101,500 $101,500 $0
2017 $1,127 $101,500 $101,500 $0
2016 $1,020 $101,500 $101,500 $0
2015 -- $135,400 $135,400 $0
2014 -- $159,400 $159,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 613024

Hawaii Information Service (MLS Hawaii)

APN: 3-1-5-063-006-0000