NOT LISTED FOR SALE

216 Iolani Ave Honolulu, HI 96813

Nuuanu-Punchbowl Neighborhood

Estimated Value: $1,027,000 - $3,165,000

21 Beds
7 Baths
4,488 Sq Ft
$448/Sq Ft Est. Value

Last Sold February 12, 2016

Last sale price $1,930,000 $430 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,277/month

177 Days on Market

Highlights

  • City View
  • Terraced Lot
  • 2-minute walk to Kamamalu Neighborhood Park
  • President Theodore Roosevelt High School Rated A
  • 1-Story Property

About This Home

As of February 2016

Seven (7) - 2 bedroom / 1 bath homes on over 10,000 SF of A-1 (Apartment) zoned land! Each home comes with an assigned carport! Perfect property for redevelopment, CPR, and / or long term hold for cashflow. Highly desirable location with easy access to downtown Honolulu! Good upside potential to raise rents. Several units have been updated with improvements and property has been recently painted.

Last Agent to Sell the Property

Jared Ikeda

Apartment Advisors LLC License #RB-19914 Listed on: 07/20/2015

Last Buyer's Agent

Marc Kumai

Ivy K Realty, LLC License #RB-18403

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,808

Year Built

  • Built in 1930

Lot Details

  • 10,486 Sq Ft Lot
  • Terraced Lot

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 4,488 Sq Ft Home
  • 1-Story Property
  • City Views

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Covered Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity, gas
  • Assessor Parcel Number 1-2-2-003-020-0000

Community Details

Overview

  • 7 Units
  • Punchbowl Area Subdivision

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,808

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1930
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Closed
  • Subdivision Name: PUNCHBOWL AREA
  • Unit Levels: One
  • Roof: Asphalt, Shingle
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 1

Exterior Features

  • Construction Type: Single Wall
  • Lot Features: Cleared, Other
  • Property Condition: Average Condition
  • Topography: Terraced
  • View: City
  • View: Yes
  • Disclosures: 1031 Exchange

Garage/Parking

  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 7.0

Utilities

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

Lot Info

  • Parcel Number: 1-2-2-003-020-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 7
  • Net Operating Income: 1.0
  • Annual Operating Expense: 1.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas
  • Total Actual Rent: 1.0

Tax Info

  • Tax Annual Amount: 5808.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Feb 10, 2016
Sold by
To Diane Man Ying
Bought by
Rainbow Financial Corporation
Seller's Agent
Jared Ikeda
Apartment Advisors LLC
Buyer's Agent
Marc Kumai
Ivy K Realty, LLC
List Price
$2,155,000
Sold Price
$1,930,000
Premium/Discount to List
-$225,000
-10.44%
Current Estimated Value
$2,010,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,392
Avg. Annual Appreciation
0.23%

Purchase Details

Listed on
Oct 24, 2013
Closed on
Dec 13, 2013
Sold by
Yamashita Family Limited Partnership
Bought by
To Diane Man Ying
Seller's Agent
Abe Lee
Century 21 iProperties Hawaii
Buyer's Agent
Jared Ikeda
Apartment Advisors LLC
List Price
$1,490,000
Sold Price
$1,400,000
Premium/Discount to List
-$90,000
-6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%
Original Mortgage
$700,000
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1994
Sold by
Yamashita Paul Toshio and Yamashita Paul T
Bought by
Yamashita Paul Toshio and Yamashita Paul T
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
Rainbow Financial Corporation $1,930,000 Tg
Rainbow Financial Corporation $1,930,000 Tg
To Diane Man Ying $1,400,000 Het
To Diane Man Ying $1,400,000 Het
Yamashita Paul Toshio -- --
Yamashita Paul Toshio -- --
Yamashita Pearl Nobuko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner To Diane Man Ying $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2016 02/12/16 Sold $1,930,000 -10.4% $430 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
07/20/2015 07/20/15 For Sale $2,155,000 +53.9% $480 / Sq Ft
12/27/2013 12/27/13 Sold $1,400,000 -6.0% $312 / Sq Ft
11/27/2013 11/27/13 Pending -- -- --
10/24/2013 10/24/13 For Sale $1,490,000 -- $332 / 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 $7,924 $2,259,100 $1,968,700 $290,400
2024 $7,924 $2,264,000 $1,968,700 $295,300
2023 $7,875 $2,250,000 $1,968,700 $281,300
2022 $7,302 $2,086,200 $1,822,900 $263,300
2021 $6,715 $1,918,500 $1,640,600 $277,900
2020 $7,046 $2,013,100 $1,731,800 $281,300
2019 $6,590 $1,882,900 $1,595,000 $287,900
2018 $6,680 $1,908,600 $1,625,300 $283,300
2017 $6,524 $1,863,900 $1,531,000 $332,900
2016 $6,021 $1,720,400 $1,468,000 $252,400
2015 $6,098 $1,742,200 $1,468,000 $274,200
2014 -- $1,660,700 $1,415,600 $245,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jared Ikeda

    Apartment Advisors LLC

    (808) 664-3296

    8 Total Sales

    Jared Ikeda
    Section Image
  • Marc Kumai

    Buyer's Agent in 2016

    Marc Kumai

    Ivy K Realty, LLC

    (808) 548-8737

    4 in this area

    142 Total Sales

    Marc Kumai
    Section Image
  • Abe Lee

    Seller's Agent in 2013

    Abe Lee

    Century 21 iProperties Hawaii

    (808) 216-4999

    3 in this area

    66 Total Sales

    Abe Lee
    Section Image

  • S

    Seller Co-Listing Agent in 2013

    Scott Yamashita

    Scott International RE LLC

    (808) 791-1020

    13 Total Sales

    Scott Yamashita
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201512035

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-2-003-020-0000

Hawaii Honolulu County Honolulu 96813 Nuuanu-Punchbowl

216 Iolani Ave, Honolulu, HI

This home is located at 216 Iolani Ave, Honolulu, HI 96813 since 20 July 2015 and is currently estimated at $2,010,392, approximately $447 per square foot. This property was built in 1930. 216 Iolani Ave is a home located in Honolulu County with nearby schools including Royal Elementary School, Prince David Kawananakoa Middle School, and President Theodore Roosevelt 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.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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