NOT LISTED FOR SALE

248 Kahoa St Hilo, HI 96720

Estimated Value: $1,882,000

4 Beds
4.5 Baths
3,005 Sq Ft
$626/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $1,750,000 $582 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,998/month

523 Days on Market

Highlights

  • Beach Front
  • Waterfall on Lot
  • Wood Flooring
  • Ocean View
  • Wooded Lot
  • 4-minute walk to Honolii Beach Park

About This Home

As of June 2018

Located in Honolii on the Big Island of Hawaii and practically next door to the famous Honolii Surf Park, this is undeniably a one of a kind property and represents authentic old Hawaii at its best. Seller is a large property owner in Hawaii and very obviously understood the value and uniqueness of this home when he purchased. There are very few Hawaii properties still left like this and seller is looking for a kindred soul to pass this to. The stream front and simultaneously oceanfront, 9.02-acre estate includes 3 parcels. Located near one of the best surfing spots in all of Hawaii, one side of the 9 ac. is the open ocean and then bordered by the Honoli'i Stream w/native jungle and waterfalls which are on the property. Access to the estate is totally private. The home and property is perfect as a primary residence or as an additional home or income producing vacation rental. Built in 1935 and well maintained, the 4 bedroom, 4.5 bath property is extremely private and is currently an income producing vacation rental. Big picture windows look to the ocean and the Honoli'i Stream and across to the jungle w/no neighbors in sight. There is a small caretaker’s cottage on the property. You can enjoy seeing the surfers, canoes, body boarders, swimmers and stand up paddlers up close from your front lawn. Seasonal Humpback whales visit this area annually. The property is gated, private, and includes a very rare access ramp for launching into the river. If you are a “just add water” family or, perhaps a current or future investor in Hawaii, you will embrace this opportunity immediately once you understand the rarity of the offering. Walk from your front porch to the expanse of lawn and out into your huge yard. From there you can get into the river or the ocean by swimming, boat, kayak, surf board or stand up paddle board. Paddle or swim out to the waves and surf while looking back at your friends and family waving from the front porch of the immense lawn area.

Last Agent to Sell the Property

Rebecca Hirsch-Keliihoomalu

COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 11/15/2016

COMPASS

Last Buyer's Agent

Rebecca Hirsch-Keliihoomalu

COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 11/15/2016

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,094

Year Built

  • Built in 1935

Lot Details

  • Home fronts a stream
  • Beach Front
  • River Front
  • Property fronts a county road
  • Stone Wall
  • Landscaped
  • Level Lot
  • Wooded Lot
  • Property is zoned A-20A

Parking

  • Attached Garage

Property Views

  • Ocean
  • Coastline
  • Bay
  • River
  • Canyon
  • Forest

Interior Spaces

  • 3,005 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • High Ceiling

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Private Water Source
  • Cesspool
  • Private Sewer
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Waterfall on Lot
  • Farm Land Preservation

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 3260120230000

Community Details

Overview

  • Honolii Beach Park Community
  • Kikala Papaa Subdivision

Recreation

  • Recreational Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,094

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Business Type: Other
  • ResoCommunityFeatures: See Remarks
  • Reso Fencing: Stone
  • Road Frontage Type: HIS Almost Oceanfront, HIS Preservation, HIS Rocky Beach, HIS Sandy Beach, Other, River, Stream/Canal
  • ResoLotFeatures: Landscaped, See Remarks, Wooded
  • Road Frontage Type: HIS Road/Street, Other
  • ResoSecurityFeatures: See Remarks
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: KIKALA - PAPAA
  • Reso Interior Features: Built-in Features, High Ceilings, See Remarks, Wet Bar
  • Unit Levels: Two
  • Living Area: 3005.0
  • Property Attached Yn: No
  • Year Built: 1935
  • Tax Year: 2012
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 300
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, Satellite, Wireless
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Stories: 2
  • Design: Single Wall

Exterior Features

  • Topography: Fairly Level,Gentle Slope,Other (remarks),Steep Slope
  • View: Bay, Canyon, Forest, HIS Coastline, HIS Sunrise, HIS Waterfall, Ocean, Ocean Horizon, Other, River
  • Waterfront: No
  • Exterior Features: Recreation Area, See Remarks
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Cable Available, Natural Gas Available, Other, Phone Available
  • Water Source: Other, Private

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Project: Honolii Beach Park

Lot Info

  • Zoning: A-20A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260120230000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6093.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2023
Sold by
Handler Dan
Bought by
Honolii House Llc
Current Estimated Value
$1,882,000

Purchase Details

Closed on
Sep 25, 2020
Sold by
Olson Edmund Clarence and Edmund C Olson Trust No 2
Bought by
Honolii Llc

Purchase Details

Closed on
Sep 21, 2020
Sold by
Honolii Llc
Bought by
Handler Daniel

Purchase Details

Listed on
Nov 15, 2016
Closed on
Jun 12, 2018
Sold by
Olson Edmund C and Edmund C Olson Trust No 2
Bought by
Honolii Llc
Seller's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
Buyer's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
List Price
$1,888,000
Sold Price
$1,750,000
Premium/Discount to List
-$138,000
-7.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.97%
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 12, 2007
Sold by
Fujiyama Kenneth and Harlow Lee
Bought by
Olson Edmund C and Edmund C Olson Trust #2

Purchase Details

Closed on
Feb 28, 2007
Sold by
Ballard Charles Arthur and Ballard Kathryn Joy
Bought by
Fujiyama Kenneth and Harlow Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 3, 2002
Sold by
Revoca Lutkenhouse Pauline R J
Bought by
Ballard Charles Arthur and Ballard Kathryn Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Honolii House Llc -- --
Honolii Llc -- Tg
Handler Daniel $1,001 Tg
Vanduzer Beth Van -- Tg
Honolii Llc $1,746,000 Tg
Olson Edmund C $1,668,457 Tg
Fujiyama Kenneth $900,000 Tg
Ballard Charles Arthur $641,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Honolii Llc $1,000,000
Previous Owner Fujiyama Kenneth $700,000
Previous Owner Ballard Charles Arthur $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2018 09/15/18 Off Market $1,750,000 -- --
06/15/2018 06/15/18 Sold $1,750,000 -7.3% $582 / Sq Ft
04/22/2018 04/22/18 Pending -- -- --
11/15/2016 11/15/16 For Sale $1,888,000 -- $628 / 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 $13,298 $1,526,100 $230,700 $1,295,400
2024 $13,298 $1,422,200 $219,700 $1,202,500
2023 $12,324 $1,318,100 $199,700 $1,118,400
2022 $12,324 $1,318,100 $199,700 $1,118,400
2021 $13,289 $1,150,600 $272,300 $878,300
2020 $2,970 $1,055,200 $221,200 $834,000
2019 $5,563 $2,049,000 $442,400 $1,606,600
2018 $3,504 $303,400 $53,800 $249,600
2017 $3,374 $292,100 $48,900 $243,200
2016 $3,163 $291,500 $48,900 $242,600
2015 -- $239,300 $13,900 $225,400
2014 -- $239,700 $13,900 $225,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 601027

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-012-023-0000