NOT LISTED FOR SALE

Estimated Value: $1,274,000 - $2,674,725

3 Beds
2 Baths
3,884 Sq Ft
$508/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $1,750,000 $451 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,347/month

110 Days on Market

Highlights

  • Level Lot
  • Pauoa Elementary School Rated A-
  • 1-Story Property

About This Home

As of January 2016

This is a unique and rare property with a separate 3-bed, 2.5-bath hollow tiled house/yard together with a 2-story six(6) 2 bedroom 1 bath hollow tiled apartment building for a total of 7 separate units. Property comes with carport(2 pkgs) for the house and 6 other stalls for the apt bldg. This is an amazing opportunity to live in a nice house in town and have fair rental income(long term tenants with under market rents)from the apartments. The property is located in super convenient Pauoa Valley w/easy access to freeway, stores, schools. Separate electric(7) and water meters(7 amazing meters), separate washer hook-ups for each unit. Current income is respectable(about 3.5% CAP base on under market rents)with mostly month to month leases except 1 unit.

Last Agent to Sell the Property

Judy Hwang

REMAX Hawaii License #RB-20447 Listed on: 08/28/2015

REMAX Hawaii

Co-Listed By

Jim Mao

REMAX Hawaii License #RB-16952

Last Buyer's Agent

Thomas Won

Real Estate 90 License #RB-14399

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,578

Year Built

  • Built in 1964

Lot Details

  • 9,485 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,884 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Open Parking
  • Assigned Parking

Schools

  • Pauoa Elementary School
  • Kawananakoa Middle School
  • Roosevelt High School

Community Details

  • 7 Units
  • Pauoa Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1-2-2-008-029-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,578

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Co List Office Mls Id: ADVG
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1964
  • CommunityFeatures: None
  • Co List Office Phone: (808) 738-3600
  • MLS Status: Closed
  • Subdivision Name: PAUOA VALLEY
  • Unit Levels: One, Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Concrete, Single Wall, Wood Frame
  • Lot Features: Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned, Covered, Open
  • Total Parking Spaces: 8.0
  • Open Parking: Yes

Utilities

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

Schools

  • Elementary School: Pauoa
  • High School: Roosevelt
  • Middle Or Junior School: Kawananakoa

Lot Info

  • Parcel Number: 1-2-2-008-029-0000
  • Zoning Description: 07 - R-3.5 Residential District

Multi Family

  • Number Of Units Total: 7
  • Total Actual Rent: 7450.0

Tax Info

  • Tax Annual Amount: 5578.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Jan 8, 2016
Sold by
Assc Llc
Bought by
Lam Jon Darvey and Martin Gregory John
Seller's Agent
Judy Hwang
REMAX Hawaii
Buyer's Agent
Thomas Won
Real Estate 90
List Price
$1,980,000
Sold Price
$1,750,000
Premium/Discount to List
-$230,000
-11.62%
Current Estimated Value
$2,151,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,991
Avg. Annual Appreciation
1.26%
Original Mortgage
$1,100,000
Outstanding Balance
$882,458
Interest Rate
3.9%
Mortgage Type
Unknown
Estimated Equity
$1,090,973

Purchase Details

Closed on
Dec 28, 2007
Sold by
Choy Stephen S D and Winchester Adrienne M C
Bought by
Assc Llc

Purchase Details

Closed on
Oct 30, 2007
Sold by
Choy Ruth
Bought by
Choy Stephen S D and Winchester Adrienne M C

Purchase Details

Closed on
Oct 14, 1994
Sold by
Choy Mabel Y Y
Bought by
Choy Mabel Y Y and Frank Mun Chong Choy Trust
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
Lam Jon Darvey $1,750,000 Fam
Lam Jon Darvey $1,750,000 Fam
Assc Llc $1,000 Accommodation
Choy Stephen S D -- None Available
Choy Mabel Y Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Jon Darvey $1,100,000
Closed Lam Jon Darvey $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $1,750,000 -11.6% $451 / Sq Ft
12/16/2015 12/16/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $1,980,000 -- $510 / 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 $6,774 $1,939,900 $1,625,900 $314,000
2024 $6,774 $1,935,300 $1,625,900 $309,400
2023 $6,287 $1,931,500 $1,625,900 $305,600
2022 $6,287 $1,796,400 $1,505,500 $290,900
2021 $5,794 $1,655,300 $1,354,900 $300,400
2020 $6,136 $1,753,000 $1,430,200 $322,800
2019 $5,757 $1,644,900 $1,317,300 $327,600
2018 $5,752 $1,643,400 $1,323,200 $320,200
2017 $5,485 $1,567,100 $1,246,300 $320,800
2016 $5,157 $1,473,500 $1,261,500 $212,000
2015 $5,578 $1,593,800 $1,327,900 $265,900
2014 -- $1,540,700 $1,280,500 $260,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201516248

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-2-008-029-0000