NOT LISTED FOR SALE

Estimated Value: $1,121,897 - $1,514,000

4 Beds
2 Baths
2,363 Sq Ft
$588/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $1,150,000 $487 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,678/month

91 Days on Market

Highlights

  • Level Lot
  • 1-Story Property
  • 4-minute walk to McCully District Park

About This Home

As of June 2020

Prime location, convenient to all in town amenities and perfect for investors. Each unit separately metered for electricity, with one water meter for the property. Currently some units rented below market. Expected market monthly income is $4,000 - $4,500. Monthly tax assessment is based on 2018 assessment.

Last Agent to Sell the Property

Guy Merola

Drop - 2024 License #RS-74723 Listed on: 02/12/2020

Last Buyer's Agent

Brian Chua

Five Star Realty, Inc. License #RB-21314

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,240

Year Built

  • Built in 1941

Lot Details

  • 3,800 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,363 Sq Ft Home
  • 1-Story Property
  • Washer

Parking

  • 3 Parking Spaces
  • Unassigned Parking

Schools

  • Lunalilo Elementary School
  • Washington Middle School
  • Mckinley High School

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-2-3-031-047-0000

Community Details

Overview

  • 5 Units
  • Mccully Subdivision

Building Details

  • Operating Expense $10,513
  • Net Operating Income $25,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,240

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1941
  • CommunityFeatures: None
  • NAV29_Unit_1_Appliances: Washer
  • MLS Status: Closed
  • Subdivision Name: MCCULLY
  • Unit Levels: One, Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 1

Exterior Features

  • Construction Type: Double Wall, Hollow Tile, Masonry, Concrete, Single Wall, Stucco, Wood Frame
  • Lot Features: Cleared, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Unassigned
  • Total Parking Spaces: 3.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Schools

  • Elementary School: Lunalilo
  • High School: Mckinley
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-2-3-031-047-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 25058.0
  • Annual Operating Expense: 10513.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 2925.0

Tax Info

  • Tax Annual Amount: 3240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jun 27, 2020
Sold by
Chua Brian and Dong Christina
Bought by
Hdc Group Llc
Seller's Agent
Guy Merola
Drop - 2024
Buyer's Agent
Brian Chua
Five Star Realty, Inc.
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Current Estimated Value
$1,388,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,474
Avg. Annual Appreciation
3.58%
Original Mortgage
$825,000
Outstanding Balance
$731,299
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$657,175

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jun 8, 2020
Sold by
Cabacungan Frank L and Illuzzi Marla A
Bought by
Chua Brian and Dong Christina
Seller's Agent
Guy Merola
Drop - 2024
Buyer's Agent
Brian Chua
Five Star Realty, Inc.
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$731,299
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$657,175

Purchase Details

Closed on
Jan 25, 2019
Sold by
Cabacungan Frank L and Illuzzi Marla A
Bought by
Sarmiento Lillian

Purchase Details

Closed on
Aug 26, 2011
Sold by
Cabacungan Darryl J and Illuzzi Marla A
Bought by
Cabacungan Darryl J and Illuzzi Marla A

Purchase Details

Closed on
Jul 27, 1992
Sold by
Lattore Cabacungan Frank and Salba Cabacungan Anasita
Bought by
Lattore Cabacungan Frank and Salba Cabacungan Anasita
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
Hdc Group Llc -- None Available
Hdc Group Llc -- None Available
Chua Brian $1,150,000 Fam
Sarmiento Lillian -- None Available
Sarmiento Lillian -- None Available
Cabacungan Darryl J -- None Available
Cabacungan Darryl J -- None Available
Lattore Cabacungan Frank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chua Brian $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2020 06/12/20 Sold $1,150,000 -8.0% $487 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $1,250,000 -- $529 / 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 $4,051 $1,155,500 $1,004,500 $151,000
2024 $4,051 $1,157,300 $1,004,500 $152,800
2023 $4,040 $1,154,300 $1,004,500 $149,800
2022 $3,603 $1,029,400 $902,000 $127,400
2021 $3,479 $994,000 $861,000 $133,000
2020 $3,492 $997,800 $861,000 $136,800
2019 $3,271 $999,300 $861,000 $138,300
2017 $3,261 $931,800 $758,500 $173,300
2016 $3,052 $872,100 $697,000 $175,100
2015 $3,033 $866,600 $682,000 $184,600
2014 $2,570 $844,400 $660,000 $184,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202002995

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-031-047-0000