NOT LISTED FOR SALE

2005 Homerule St Honolulu, HI 96819

Kalihi-Palama Neighborhood

Estimated Value: $1,777,000 - $2,586,721

-- Bed
-- Bath
6,723 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 23, 2012

Last sale price $1,300,000 $193 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $12,260/month

192 Days on Market

Highlights

  • Coin Laundry
  • Property is in excellent condition
  • Level Lot

About This Home

As of January 2012

Updated apartment building with NO deferred maintenance. 3-story walk up, concrete / masonry building with 10 parking stalls. Extremely unique unit mix with two (2) - 3 bedroom / 2 bath apartment units (approx. 1,000SF each), five (5) - 2 bedroom / 1 bath, and one (1) - 1 bedroom / 1 bath. Building and property is in excellent condition! Income stated is Pro-forma.

Last Agent to Sell the Property

Eleanor Lin

Avalon Realty LLC License #RB-21926 Listed on: 06/15/2011

Last Buyer's Agent

Kaulana Chang

DROP - 2013 License #RS-73530

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot
  • Property is in excellent condition

Interior Spaces

  • 6,723 Sq Ft Home
  • 3-Story Property
  • Dryer

Parking

  • 10 Parking Spaces
  • Covered Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-1-2-008-068-0000

Community Details

Overview

  • 8 Units
  • Kapalama Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $36,000
  • Net Operating Income $84,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1964
  • CommunityFeatures: None
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer
  • MLS Status: Closed
  • Subdivision Name: KAPALAMA
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2011
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Hollow Tile, Concrete
  • Lot Features: Cleared, Level
  • Property Condition: Excellent
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: 1031 Exchange

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 10.0

Utilities

  • Utilities: Sewer Connected
  • Sewer: Connected

Lot Info

  • Parcel Number: 1-1-2-008-068-0000
  • Zoning Description: 42 - I-2 General Industrial Dis

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 84000.0
  • Annual Operating Expense: 36000.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 120000.0

Tax Info

  • Tax Annual Amount: 160296.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2011
Closed on
Jan 17, 2012
Sold by
Lum Ernest Keong Fat and Lum Ezra Litt Je
Bought by
Rko Inc
Seller's Agent
Eleanor Lin
Avalon Realty LLC
Buyer's Agent
Kaulana Chang
DROP - 2013
List Price
$1,425,000
Sold Price
$1,300,000
Premium/Discount to List
-$125,000
-8.77%
Current Estimated Value
$2,147,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,540
Avg. Annual Appreciation
3.81%
Original Mortgage
$1,040,000
Outstanding Balance
$721,577
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$1,437,847

Purchase Details

Closed on
Jan 7, 2010
Sold by
Teruya Naokichi
Bought by
Lum Ernest Keong Fat and Lum Ezra Litt Je

Purchase Details

Closed on
Feb 26, 2002
Sold by
Teruya Tamotsu and Teruya Naokichi
Bought by
Uyehara Shizuno and Aoki Jane Sachiko
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
Rko Inc $1,300,000 Tg
Rko Inc $1,300,000 Tg
Lum Ernest Keong Fat $750,000 Fntic
Uyehara Shizuno -- Island Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rko Inc $1,040,000
Closed Rko Inc $1,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2012 01/23/12 Sold $1,300,000 -8.8% $193 / Sq Ft
12/24/2011 12/24/11 Pending -- -- --
06/15/2011 06/15/11 For Sale $1,425,000 -- $212 / 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 $6,029 $1,724,200 $1,300,000 $424,200
2024 $6,029 $1,722,700 $1,300,000 $422,700
2023 $5,211 $1,710,100 $1,300,000 $410,100
2022 $5,211 $1,488,800 $1,100,000 $388,800
2021 $4,854 $1,386,900 $975,000 $411,900
2020 $4,898 $1,399,400 $950,000 $449,400
2019 $4,628 $1,322,200 $875,000 $447,200
2018 $4,349 $1,242,600 $800,000 $442,600
2017 $4,423 $1,263,700 $750,000 $513,700
2016 $4,254 $1,215,400 $700,000 $515,400
2015 $4,610 $1,317,000 $625,000 $692,000
2014 -- $1,323,900 $640,000 $683,900
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Eleanor Lin

    Avalon Realty LLC

    (808) 587-7770

    1 Total Sale

    Section Image

  • K

    Buyer's Agent in 2012

    Kaulana Chang

    DROP - 2013

    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 1107375

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-2-008-068-0000

Hawaii Honolulu County Honolulu 96819 Kalihi-Palama

2005 Homerule St, Honolulu, HI

This home is located at 2005 Homerule St, Honolulu, HI 96819 since 15 June 2011 and is currently estimated at $2,146,907, approximately $319 per square foot. This property was built in 1964. 2005 Homerule St is a home located in Honolulu County with nearby schools including Pu'uhale Elementary School, King David Kalakaua Middle School, and Gov. Wallace Rider Farrington 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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