$530,000
SOLD MAY 4, 2018

229 Paoakalani Ave Unit 2009 Honolulu, HI 96815

Waikiki Neighborhood
1 Bed
1 Bath
546 Sq Ft
$654/mo HOA Fee

Recently Sold

$971 Per Sq Ft

2% Below List Price

50 Days on Market

Highlights

  • Golf Course View
  • Sauna
  • Tennis Courts
  • 49,963 Sq Ft lot
  • Community Pool
  • Meeting Room

About This Home

As of November 2024

Great investment property. Unit is in Aston rental program that generates high occupancy and good rental income. Facing cool side of building and fully furnished unit. Remodeled in 2009 and another upgrading is planned this year. Owner's locker in the unit to store the personal belongings during rental. Convenient location, close to beach and Kapiolani Park.

Last Agent to Sell the Property

Jiro Mizukami

Map Vision Inc. License #RB-16404 Listed on: 02/13/2018

Last Buyer's Agent

Aimee Kim

CENTURY 21 Hawaiian Style License #RB-21060

CENTURY 21 Hawaiian Style

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1979

HOA Fees

  • $654 Monthly HOA Fees

Property Views

  • Golf Course
  • City

Interior Spaces

  • 546 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Covered Parking
  • Unassigned Parking

Schools

  • Jefferson Elementary School
  • Washington Middle School
  • Kaimuki High School

Additional Features

  • Property is in excellent condition
  • Central Air

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 1-2-6-028-011-0185

Community Details

Overview

  • Association fees include common areas, cable TV, electricity, HVAC, hot water, sewer, water
  • Waikiki Sunset Condos
  • Waikiki Subdivision

Amenities

  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Meeting Room
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,380

Year Built

Built in 1979

Lot Details

0

HOA Fees

$654 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Waikiki Sunset
  • Inclusions: AC Central,Cable TV,Disposal,Drapes,Microwave Hood,Microwave,Range/Oven,Refrigerator,Smoke Detector
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1979
  • CommunityFeatures: Barbecue, Conference/Meeting Room, Laundry Facilities, Pool, Sauna, Tennis Court(s), Trash Chute
  • Road Frontage Type: Other
  • SecurityFeatures: Closed Circuit Camera(s), Security Guard
  • Association Amenities: Management
  • MLS Status: Closed
  • Subdivision Name: WAIKIKI
  • Entry Level: 20
  • Unit Levels: One
  • Living Area: 546.0
  • New Construction: No
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Furnished: Furnished
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Construction Type: Double Wall, Concrete
  • Property Condition: Excellent, Updated/Remodeled
  • View: Canal, City, Golf Course, Mountain(s)
  • View: Yes
  • Exclusions: Other

Garage/Parking

  • Parking Features: Covered, One Space, Secured, Unassigned
  • Total Parking Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 654.0

Fee Information

  • Association Fee Includes: Common Areas, Cable TV, Electricity, HVAC, Hot Water, None, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 1-2-6-028-011-0185
  • Zoning Description: X2 - Apartment Precinct

Multi Family

  • Maintenance Expense: 433.39

Tax Info

  • Tax Annual Amount: 1380.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Nov 12, 2024
Sold by
Lee Dong Ik
Bought by
Don Muchow Living Trust and Muchow
Seller's Agent
Mathew Ngo
REMAX Hawaii
Buyer's Agent
Bryn Kaufman
OahuRE.com
List Price
$678,000
Sold Price
$663,000
Premium/Discount to List
-$15,000
-2.21%
Views
4
Current Estimated Value
$658,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,265
Avg. Annual Appreciation
-1.38%
Original Mortgage
$430,950
Outstanding Balance
$428,402
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$227,974

Purchase Details

Closed on
Aug 15, 2019
Sold by
Lee Dong Ik and Kim Soomin
Bought by
Lee Dong Ik

Purchase Details

Listed on
Feb 13, 2018
Closed on
Apr 27, 2018
Sold by
Nihon Builder Co Ltd
Bought by
Lee Dong Ik and Kim Soomin
Seller's Agent
Jiro Mizukami
Map Vision Inc.
Buyer's Agent
Aimee Kim
CENTURY 21 Hawaiian Style
List Price
$540,000
Sold Price
$530,000
Premium/Discount to List
-$10,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.99%

Purchase Details

Listed on
Dec 7, 2015
Closed on
Jun 27, 2016
Sold by
Horiba Kyoko and Kawashima Nobuko
Bought by
Nihon Builder Co Ltd
Seller's Agent
Yuko Takahashi
Map Vision Inc.
Buyer's Agent
Jiro Mizukami
Map Vision Inc.
List Price
$430,000
Sold Price
$390,000
Premium/Discount to List
-$40,000
-9.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.14%

Purchase Details

Closed on
Feb 11, 2008
Sold by
Kaulukukui Thomas K and Yim Patrick K S L
Bought by
Horiba Kyoko and Kawashima Nobuko
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
Deed -- Fidelity National Title
Deed -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $530,000 Fhtc
Warranty Deed $390,000 Or
Warranty Deed $390,000 Or
Limited Warranty Deed $81,800 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $430,950 New Conventional
Closed $430,950 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $663,000 -2.2% $1,214 / Sq Ft
09/09/2024 09/09/24 For Sale $678,000 0.0% $1,242 / Sq Ft
01/12/2022 01/12/22 Rented $2,400 0.0% --
12/13/2021 12/13/21 Under Contract -- -- --
03/04/2020 03/04/20 For Rent $2,400 0.0% --
05/04/2018 05/04/18 Sold $530,000 -1.9% $971 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $540,000 +38.5% $989 / Sq Ft
07/01/2016 07/01/16 Sold $390,000 -9.3% $714 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
12/07/2015 12/07/15 For Sale $430,000 -- $788 / 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 $2,232 $622,400 $79,100 $543,300
2024 $2,232 $637,700 $83,500 $554,200
2023 $1,685 $481,400 $80,900 $400,500
2022 $1,763 $503,600 $79,100 $424,500
2021 $1,748 $499,300 $79,100 $420,200
2020 $1,386 $536,000 $97,000 $439,000
2019 $1,698 $536,300 $80,800 $455,500
2018 $1,698 $485,200 $70,000 $415,200
2017 $1,374 $392,700 $53,900 $338,800
2016 $1,510 $431,400 $44,200 $387,200
2015 $1,561 $446,000 $37,700 $408,300
2014 $1,122 $408,100 $29,600 $378,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201804019

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-6-028-011-0185