$1,500,000
SOLD DEC 16, 2022

2107 Kaiwiki Rd Hilo, HI 96720

7 Beds
5 Baths
5,638 Sq Ft
0.58 Acres

Recently Sold

$266 Per Sq Ft

50% Above List Price

82 Days on Market

Highlights

  • Ocean View
  • Attached Garage
  • Grass Covered Lot
  • Double Oven
  • Level Lot

About This Home

As of December 2022

Attention medical professionals and anyone that wants or needs to live near downtown Hilo

***THIS IS ABSOLUTLY THE BEST DEAL ON A HOME IN HAWAII***

Within 4 miles of downtown Hilo and stunning views of the ocean from every floor in this three-story home.
5634 sq ft that can be 3 or 4 separate units. Think positive cash flow or renting out some units and living for free
Plus you are walking into over $500k in equity (move in ready, but could use some updating)
Home is priced at $177/sq ft and Hilo homes typically sell for $400+ per sq/ft

Lower units:
2-bedroom 1 bath with full kitchen
1 bedroom 1 bath with kitchenette
Common area between units for laundry area
Separate driveway and parking for these two units

2nd story is the main living area with giant living room, great room, kitchen with pantry, 3 bedrooms, 1 bathroom, large laundry room and direct access to the 2 car garage

3rd story can either be a separate 1 bedroom 1 bath or the master penthouse suite. The third floor has a master bedroom with loft area reading nook. Also has a separate kitchenette and area for dining and living. Plus deck space with views of the ocean and all of the Hilo area. Mater bathroom is very elegant and spacious. Nice sized walk-in closet.

Plenty of decking so grab a glass of wine and unwind while taking in the beautiful ocean vistas at a nice cooler elevation.

Because of tenants, showings are every Sunday from 12-2pm.

Last Agent to Sell the Property

Everell Thayer

Bizwala Brokerage Phone: 8083718304 License #RS-78771 Listed on: 09/09/2022

Last Buyer's Agent

Everell Thayer

Bizwala Brokerage Phone: 8083718304 License #RS-78771 Listed on: 09/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,445

Year Built

  • Built in 2008

Lot Details

  • Property fronts a county road
  • Level Lot
  • Cleared Lot
  • Grass Covered Lot

Parking

  • Attached Garage

Property Views

  • Ocean
  • Bay

Home Design

  • 5,638 Sq Ft Home

Kitchen

  • Double Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Cesspool

Community Details

  • Kaiwiki Homesteads I & Ii Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 3260100310000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,445

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • ResoLotFeatures: Cleared, Grassy
  • Attribution Contact: 8083718304
  • Co List Office Phone: 8083391313
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: KAIWIKI HOMESTEADS I & II
  • Living Area: 5638.0
  • Year Built: 2008
  • Tax Year: 2022
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Double Oven, Electric Cooktop, Refrigerator
  • Total Bedrooms: 7
  • Full Bathrooms: 5
  • Total Bathrooms: 5

Exterior Features

  • Topography: Fairly Level
  • View: Bay, HIS Sunrise, Ocean, Ocean Horizon
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-5A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260100310000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6445.0
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 13, 2022
Sold by
Thayer Everell Robert
Bought by
Nut House Storage Llc
Seller's Agent
Everell Thayer
Bizwala
Buyer's Agent
Everell Thayer
Bizwala
List Price
$999,900
Sold Price
$1,500,000
Premium/Discount to List
$500,100
50.02%
Current Estimated Value
$2,026,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,669
Avg. Annual Appreciation
12.22%

Purchase Details

Listed on
Sep 9, 2022
Closed on
Oct 24, 2022
Sold by
Sadamoto Craig M
Bought by
Sadamoto Craig M
Seller's Agent
Everell Thayer
Bizwala
Buyer's Agent
Everell Thayer
Bizwala
List Price
$999,900
Sold Price
$1,500,000
Premium/Discount to List
$500,100
50.02%

Purchase Details

Closed on
Jul 27, 2021
Sold by
Austin Masayuki Mayeda Living Trust
Bought by
Quicken Loans Inc

Purchase Details

Closed on
Mar 7, 2016
Sold by
Mayeda Austin Masayuki
Bought by
Mayeda Austin Masayuki and The Austin Masayuki Mayeda Living Trust

Purchase Details

Closed on
Aug 10, 2005
Sold by
R K Builders Inc
Bought by
Mayeda Austin Masayuki

Purchase Details

Closed on
Apr 2, 2004
Sold by
Martins John
Bought by
R K Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2001
Sold by
Martins Alice C
Bought by
Martins John

Purchase Details

Closed on
Jul 10, 2000
Sold by
Vierra Alice M
Bought by
Martins John
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Title Guaranty & Escrow Servic
Commissioners Deed -- First American Title Of Hawaii
Foreclosure Deed -- Tmlf Hawaii Lllc
Foreclosure Deed -- Tmlf Hawaii Lllc
Interfamily Deed Transfer -- Attorney
Warranty Deed $29,000 Tg
Warranty Deed $120,000 --
Interfamily Deed Transfer -- --
Warranty Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $618,075 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $90,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Off Market $1,500,000 -- --
12/16/2022 12/16/22 Sold $1,500,000 +50.0% $266 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $999,900 -- $177 / Sq Ft
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 $17,214 $1,626,600 $174,900 $1,451,700
2024 $17,214 $1,550,800 $159,000 $1,391,800
2023 $7,889 $1,432,800 $138,300 $1,294,500
2022 $6,445 $1,168,000 $103,600 $1,064,400
2021 $6,236 $1,134,000 $103,600 $1,030,400
2020 $6,033 $1,101,000 $103,600 $997,400
2019 $5,836 $1,068,900 $103,600 $965,300
2018 $5,644 $1,037,800 $103,600 $934,200
2017 $5,459 $1,007,600 $103,600 $904,000
2016 $5,279 $978,300 $103,600 $874,700
2015 $3,251 $949,800 $103,600 $846,200
2014 $3,251 $725,700 $103,600 $622,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 665166

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-010-031-0000