NOT LISTED FOR SALE

228 Iwalani St Hilo, HI 96720

Estimated Value: $578,000 - $660,000

4 Beds
2 Baths
1,768 Sq Ft
$354/Sq Ft Est. Value

Last Sold August 21, 2024

Last sale price $590,000 $334 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,816/month

155 Days on Market

Highlights

  • Ocean View
  • Attached Garage
  • Carpet
  • Waiakea High School Rated A
  • Gentle Sloping Lot

About This Home

As of August 2024

MOTIVATED SELLER! PRICE JUST REDUCED TO $599,000! ENDLESS POSSIBILITIES ABOUND FOR THIS MULTI-GENERATIONAL PROPERTY! AMAZING CENTRAL HILO LOCATION ON IWALANI STREET!

PLEASE CLICK ON THE MUST SEE VIRTUAL TOUR!

These types of generational properties rarely become available. This large 4 bedroom, 2 bath home with multiple family rooms, a wet bar, enclosed shed, and covered outside patio, boasts approximately 2,552sf under roof! The original 3 bedroom 1 bath home consists of 800sf, with an attached carport of 400sf. A permitted family room, rumpus room, and wet bar of 616sf was added on the same level as the original home, and a permitted 1 bedroom, 1 bath of 352sf was added on the second story above this addition. Total interior living area is 1,768sf. But there's more.

The original 3 bedroom, 1 bath home, and the 1 bedroom, 1 bath addition can be used as one large home, or partitioned-off to create separate living spaces. Both have their own individual entrances. Covered outside patio houses the central laundry area, and even has an old-style outside toilet and shower, perfect for cleaning up after working in the yard, or a day at the beach! There's also a large cement courtyard area to use as you wish. Behind the carport you will find an enclosed storage shed of 148sf, which could be utilized as storage, or a home office, or explore the many possibilities given your lifestyle needs...you decide!

The original home has beautiful solid wood floors in the living room, tile in the kitchen, and carpet in the bedrooms. 1 bedroom, 1 bath addition on the second floor has amazing Hilo town, ocean, and Mauna Kea views! The 15,150sf property is landscaped and well-manicured! Long paved driveway and additional parking spaces for visiting family and guests.

This beautiful property is awaiting for you to call it...home!

Last Agent to Sell the Property

Darren Ah Chong

Ah Chong Realty, LLC Brokerage Phone: 8089368002 License #RB-20333 Listed on: 03/04/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,340

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 202 x 75
  • Property fronts a county road
  • Block Wall Fence
  • Chain Link Fence
  • Gentle Sloping Lot
  • Property is zoned RS-15

Parking

  • Attached Garage

Property Views

  • Ocean
  • Coastline
  • Mountain

Interior Spaces

  • 1,768 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cesspool
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Waiakea Homesteads 3Rd Series Subdivision

Listing and Financial Details

  • Tax Lot 59
  • Assessor Parcel Number 3240151020000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,340

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Block, Chain Link
  • ResoLotFeatures: See Remarks
  • Road Frontage Type: HIS Road/Street
  • Attribution Contact: 8089368002
  • Co List Office Phone: 8087478600
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: WAIAKEA HOMESTEADS 3RD SERIES
  • Living Area: 1768.0
  • Property Attached Yn: No
  • Year Built: 1964
  • Tax Year: 2023
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 148
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, Satellite
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Flooring: Carpet
  • Total Bathrooms: 2

Exterior Features

  • Topography: Gentle Slope
  • View: HIS Coastline, HIS Sunrise, Mountain(s), Ocean Horizon
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • Lot Dimensions: 202 x 75
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3240151020000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5340.21
  • Tax Lot: 59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Aug 13, 2024
Sold by
Hall Charles Leialoha and Hall Janice
Bought by
Mangapit-Libed Family Trust and Mangapit
Seller's Agent
Darren Ah Chong
Ah Chong Realty, LLC
List Price
$639,000
Sold Price
$590,000
Premium/Discount to List
-$49,000
-7.67%
Views
121
Current Estimated Value
$626,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,561
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Aug 24, 2006
Sold by
Hall Charles Leialoha and Hall Janice
Bought by
Hall Charles Leialoha and Hall Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.76%
Mortgage Type
Stand Alone Second
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
Mangapit-Libed Family Trust -- Tge
Hall Charles Leialoha -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Charles Leialoha $245,000
Previous Owner Hall Charles Leialoha $73,000
Previous Owner Hall Charles Leialoha $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2024 08/24/24 Off Market $590,000 -- --
08/21/2024 08/21/24 Sold $590,000 -1.5% $334 / Sq Ft
07/02/2024 07/02/24 Price Changed $599,000 -1.8% $339 / Sq Ft
06/18/2024 06/18/24 Price Changed $610,000 -4.5% $345 / Sq Ft
05/23/2024 05/23/24 Off Market $639,000 -- --
05/21/2024 05/21/24 Price Changed $639,000 0.0% $361 / Sq Ft
05/21/2024 05/21/24 For Sale $639,000 -3.0% $361 / Sq Ft
04/23/2024 04/23/24 Off Market $659,000 -- --
04/23/2024 04/23/24 Price Changed $659,000 0.0% $373 / Sq Ft
04/23/2024 04/23/24 For Sale $659,000 -4.4% $373 / Sq Ft
03/04/2024 03/04/24 For Sale $689,000 -- $390 / 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 $5,730 $552,600 $240,400 $312,200
2024 $5,730 $516,200 $218,100 $298,100
2023 $5,340 $481,100 $203,900 $277,200
2022 $4,995 $450,000 $172,800 $277,200
2021 $859 $274,600 $73,100 $201,500
2020 $820 $266,600 $73,100 $193,500
2019 $1,027 $258,800 $73,100 $185,700
2018 $990 $251,300 $73,100 $178,200
2017 $954 $244,000 $73,100 $170,900
2016 $919 $236,900 $73,100 $163,800
2015 $685 $230,000 $73,100 $156,900
2014 $685 $223,300 $73,100 $150,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 708085

Hawaii Information Service (MLS Hawaii)

APN: 3-2-4-015-102-0000