NOT LISTED FOR SALE

2202 Waiola St Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $1,088,000 - $1,353,000

4 Beds
5 Baths
1,962 Sq Ft
$621/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $1,105,000 $563 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,675/month

137 Days on Market

About This Home

As of September 2023

$200,000+ price reduction!!! Seller says sell! Get it before it's gone. Good income property, pro-forma rent-roll is $72,000/yr ($6,000/mo) with 5.5% cap rate on gross income. Property also qualifies for Bill 7 development! 2 houses, total of 4 units. Front house features 3 units (two 1-bedrooms, one 2-bedroom) plus a garage that has been converted to a very nice 3rd bedroom. Back house has a 1-bedroom unit. Individually metered, Separate laundry facilities and yard. Excellent and convenient location! Across from the famous Waiola Shave Ice, near Old Stadium Park, University of Hawaii, library, restaurants, schools, bus line, and supermarkets. Must see, won't last long! Please see supplements for Bill 7 initial budgetary numbers and past rent roll. Buyer to do their own due diligence. Non-conforming, number of bedrooms does not match tax record. *One or more photos have been "enhanced."

Last Agent to Sell the Property

Stephanie Chan

Locations LLC License #RB-19292 Listed on: 04/24/2023

Last Buyer's Agent

Tony Wang

Pacific Image Properties License #RS-71744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,864

Year Built

  • Built in 1965

Lot Details

  • 4,029 Sq Ft Lot
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 1,962 Sq Ft Home
  • 2-Story Property

Parking

  • 3 Parking Spaces
  • Open Parking

Schools

  • Lunalilo Elementary School
  • Washington Middle School
  • Kaimuki High School

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,864

Year Built

Built in 1965

Lot Details

4,029 Sq Ft Lot

Listing Details

  • LandTenure: FS - Fee Simple
  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 1962
  • Stories Type: One, Two
  • Year Built: 1965
  • Attribution Contact: (808) 735-4200
  • Special Features: None
  • Stories: 1

Interior Features

  • Amenities: None

Exterior Features

  • Construction Type: Hollow Tile, Single Wall, Slab, Wood Frame
  • Easements: None
  • Flood Zone: Zone AO
  • Lot Features: Clear
  • Property Condition: Average
  • Topography: Level
  • View: None

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 3

Utilities

  • Utilities: Overhead Electricity, Public Water
  • Sewer: Connected

Schools

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

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3864.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Aug 29, 2023
Sold by
Sasakawa Yoshihiro
Bought by
Tu Dan
Seller's Agent
Stephanie Chan
Locations LLC
Buyer's Agent
Tony Wang
Pacific Image Properties
List Price
$1,290,000
Sold Price
$1,105,000
Premium/Discount to List
-$185,000
-14.34%
Current Estimated Value
$1,217,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,514
Avg. Annual Appreciation
3.92%

Purchase Details

Listed on
Jun 6, 2014
Closed on
Mar 25, 2015
Sold by
Le Thai Anh Kiet and Le Emmy Thi
Bought by
Sasakawa Yoshihiro
Seller's Agent
Stephanie Chan
Locations LLC
Buyer's Agent
Arnold Brady
Drop - 2019
List Price
$895,000
Sold Price
$790,000
Premium/Discount to List
-$105,000
-11.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%

Purchase Details

Closed on
Sep 30, 2011
Sold by
Shimokawa David Minoru and Shimokawa Elsie Akemi
Bought by
Le Thai Anh Kiet and Le Emmy Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,600
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2010
Sold by
Shimokawa David Minoru and Shimokawa Elsie Akemi
Bought by
Shimokawa David M and Shimokawa Elsie A

Purchase Details

Closed on
Feb 9, 2004
Sold by
Shimokawa David Minoru
Bought by
Shimokawa David Minoru and Shimokawa Elsie Akemi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tu Dan -- Premier Title
Sasakawa Yoshihiro $790,000 Premier Title
Sasakawa Yoshihiro $790,000 Premier Title
Le Thai Anh Kiet $635,000 Old Republic
Shimokawa David M $194,875 None Available
Shimokawa David Minoru -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Le Thai Anh Kiet $360,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2023 09/09/23 Off Market $1,105,000 -- --
09/08/2023 09/08/23 Sold $1,105,000 +1.6% $563 / Sq Ft
07/20/2023 07/20/23 Price Changed $1,088,000 -15.7% $555 / Sq Ft
04/24/2023 04/24/23 For Sale $1,290,000 +63.3% $657 / Sq Ft
03/30/2015 03/30/15 Sold $790,000 -11.7% $403 / Sq Ft View Prior Sale
02/28/2015 02/28/15 Pending -- -- --
06/06/2014 06/06/14 For Sale $895,000 -- $456 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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 $4,085 $1,165,300 $1,025,800 $139,500
2024 $4,085 $1,167,200 $1,025,800 $141,400
2023 $3,957 $1,130,600 $995,200 $135,400
2022 $3,863 $1,103,600 $974,000 $129,600
2021 $3,875 $1,107,200 $974,000 $133,200
2020 $3,894 $1,112,700 $974,000 $138,700
2019 $3,607 $1,030,600 $892,800 $137,800
2018 $3,088 $882,200 $746,400 $135,800
2017 $3,066 $876,100 $708,100 $168,000
2016 $2,655 $758,600 $649,300 $109,300
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Chan

    Seller's Agent in 2023

    Stephanie Chan

    Locations LLC

    (808) 735-4200

    9 in this area

    192 Total Sales

    Stephanie Chan
    Section Image
  • Tony Wang

    Buyer's Agent in 2023

    Tony Wang

    Pacific Image Properties

    (808) 386-5548

    5 in this area

    68 Total Sales

    Tony Wang
    Section Image

  • A

    Buyer's Agent in 2015

    Arnold Brady

    Drop - 2019

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202309635

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-007-019-0000

Hawaii Honolulu County Honolulu 96826 McCully-Mō'ili'ili

2202 Waiola St, Honolulu, HI

Not Listed for Sale

MultiFamily

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