NOT LISTED FOR SALE

The Watermark 1551 Ala Wai Blvd Unit 3401 Honolulu, HI 96815

Waikiki Neighborhood

Estimated Value: $1,211,000 - $2,531,000

2 Beds
2 Baths
1,196 Sq Ft
$1,169/mo HOA Fee

Last Sold April 15, 2016

Last sale price $1,550,000 $1,296 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,418/month

49 Days on Market

Highlights

  • Ocean View
  • Heated Pool
  • Sauna
  • Fitness Center
  • Gated Community
  • End Unit

About This Home

As of April 2016

Immaculate, high floor, preferred corner end unit in an award wining condominium boasting resort-like amenities, service and finishes. Excellent floor-plan features separation of bedrooms, ocean and mountain views from every room including kitchen and guest bathroom. Unit sold fully furnished with designer furniture. Building is pet friendly too, must see to appreciate!

Last Agent to Sell the Property

Ken Treichler

Real Select International LLC License #RB-24056 Listed on: 01/27/2016

Last Buyer's Agent

George Krischke

Hawaii Living LLC License #RB-18610

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,552

Year Built

  • Built in 2008

Lot Details

  • End Unit
  • Property is in excellent condition

HOA Fees

  • $1,169 Monthly HOA Fees

Property Views

  • City
  • Garden

Home Design

  • Entry on the 34th floor

Interior Spaces

  • 1,196 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Assigned Parking

Additional Features

  • Heated Pool
  • Central Air

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 1-2-6-011-001-0173

Community Details

Overview

  • Association fees include cable TV, hot water, ground maintenance, maintenance structure, sewer, water
  • The Watermark Condos
  • Waikiki Subdivision

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch
  • Sauna
  • Trash Chute
  • Meeting Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Spa
  • Recreational Area

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Secure Elevator
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,552

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,169 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: The Watermark
  • Inclusions: AC Central,Blinds,Cable TV,Dishwasher,Disposal,Dryer,Microwave,Other,Range Hood,Range/Oven,Refrigerator,Smoke Detector,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 2008
  • CommunityFeatures: Barbecue, Conference/Meeting Room, Deck/Porch, Fitness, Other, Patio, Pool, Recreation Area, Sauna, Storage Facilities, Trash Chute, Gated
  • Road Frontage Type: Other
  • SecurityFeatures: Closed Circuit Camera(s), Elevator Secured, Gated Community, Security Guard
  • Association Amenities: Management
  • Pets Allowed: Call
  • MLS Status: Closed
  • Subdivision Name: WAIKIKI
  • Entry Level: 34
  • Unit Levels: One
  • Living Area: 1196.0
  • New Construction: No
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Flooring: Laminate, Marble
  • Furnished: Furnished
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Masonry, Concrete, Stucco
  • Lot Features: Private
  • Pool Features: Heated
  • Property Condition: Excellent
  • View: Canal, Coastline, City, Garden, Mountain(s), Ocean, Sunset, Sunrise
  • View: Yes
  • Disclosures: Seller Disclosure
  • Exclusions: Other
  • Common Walls: End Unit

Garage/Parking

  • Parking Features: Assigned, Covered, Garage, Two Spaces
  • Total Parking Spaces: 2.0
  • Attached Garage: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 1169.0

Fee Information

  • Association Fee Includes: Cable TV, Hot Water, Maintenance Grounds, Maintenance Structure, Sewer, Water

Lot Info

  • Parcel Number: 1-2-6-011-001-0173
  • Zoning Description: X2 - Apartment Precinct

Multi Family

  • Maintenance Expense: 1169.0

Tax Info

  • Tax Annual Amount: 9552.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2016
Closed on
Apr 11, 2016
Sold by
Miyazawa Rie
Bought by
Falvey Raymond P and Falvey Barbara D
Seller's Agent
Ken Treichler
Real Select International LLC
Buyer's Agent
George Krischke
Hawaii Living LLC
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Current Estimated Value
$1,658,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,890
Avg. Annual Appreciation
0.72%
Original Mortgage
$1,000,000
Outstanding Balance
$772,664
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$886,226

Purchase Details

Closed on
Feb 9, 2011
Sold by
Stimmler George Loren
Bought by
Nakatsu Rie and Miyazawa Mitsuko

Purchase Details

Closed on
Jun 5, 2009
Sold by
Stimmler George Loren and Munakata Junji
Bought by
Stimmler George Loren and George Loren Stimmler Revocable Trust
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
Falvey Raymond P $1,550,000 Tg
Falvey Raymond P $1,550,000 Tg
Nakatsu Rie $1,295,000 Tg
Stimmler George Loren -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falvey Raymond P $1,000,000
Closed Falvey Raymond P $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2016 04/15/16 Sold $1,550,000 -3.1% $1,296 / Sq Ft
03/16/2016 03/16/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $1,600,000 -- $1,338 / 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 $5,338 $1,452,300 $240,100 $1,212,200
2024 $5,338 $1,685,200 $240,100 $1,445,100
2023 $4,096 $1,586,100 $236,800 $1,349,300
2022 $4,096 $1,310,400 $230,200 $1,080,200
2021 $3,962 $1,271,900 $230,200 $1,041,700
2020 $3,842 $1,197,600 $217,100 $980,500
2019 $4,625 $1,401,400 $210,500 $1,190,900
2018 $4,948 $1,493,700 $207,200 $1,286,500
2017 $4,961 $1,497,300 $197,300 $1,300,000
2016 $9,368 $1,561,300 $180,900 $1,380,400
2015 $9,553 $1,592,200 $164,500 $1,427,700
2014 $3,414 $1,325,500 $128,200 $1,197,300
Source: Public Records

Agents Affiliated with this Home

  • Ken Treichler

    Seller's Agent in 2016

    Ken Treichler

    Real Select International LLC

    (808) 382-1977

    8 in this area

    42 Total Sales

    Ken Treichler
    Section Image
  • George Krischke

    Buyer's Agent in 2016

    George Krischke

    Hawaii Living LLC

    (808) 372-6184

    91 in this area

    118 Total Sales

    George Krischke
    Section Image
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About The Watermark

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201601324

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-011-001-0173

Hawaii Honolulu County Honolulu 96815 Waikiki

1551 Ala Wai Blvd Unit 3401, Honolulu, HI

This home is located at 1551 Ala Wai Blvd Unit 3401, Honolulu, HI 96815 since 27 January 2016 and is currently estimated at $1,658,890, approximately $1,387 per square foot. This property was built in 2008. 1551 Ala Wai Blvd Unit 3401 is a home located in Honolulu County with nearby schools including President Thomas Jefferson Elementary School, President George Washington 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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