NOT LISTED FOR SALE

2555 Lai Rd Honolulu, HI 96816

Palolo Neighborhood

Estimated Value: $994,000 - $1,154,502

4 Beds
2 Baths
1,472 Sq Ft
$739/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $710,000 $482 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,188/month

155 Days on Market

Highlights

  • Ocean View
  • Wooded Lot
  • Vinyl Flooring
  • 28,050 Sq Ft lot
  • Card or Code Access
  • 1-Story Property

About This Home

As of November 2017

NEW PRICE! An extremely rare opportunity to build your dream home, develop or renovate the existing residence on a 28,000+ sqft mountainside lot! Located deep in beautiful Palolo Valley and surrounded by lush greenery combined with the serene sounds of nature, this home has tremendous potential and is located in an R-5 zone. Front home is 3 bed/1 bath and back area is 1 bed/ 1 bath with a family room. Close to restaurants, shops, schools, park and the University of Hawaii. Priced to sell! Existing structure needs major repairs or tear down. Sold as-is. Do not go on property unattended.

Last Agent to Sell the Property

Jaymes Song

REMAX Hawaii License #RS-74206 Listed on: 05/02/2017

REMAX Hawaii

Last Buyer's Agent

Courtney Takai

Vesta Hawaii Real Estate License #RB-20731

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1949

Lot Details

  • 0.64 Acre Lot
  • Wooded Lot
  • Zoning described as 05 - R-5 Residential District

Property Views

  • Ocean
  • City

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,472 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Palolo Elementary School
  • Jarrett Middle School
  • Kaimuki High School

Community Details

  • Palolo Subdivision
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 1-3-4-012-006-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,591

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Architectural Style: Detached
  • Inclusions: Dryer,Range/Oven,Refrigerator,Washer
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1949
  • Road Surface Type: Paved
  • SecurityFeatures: Key Card Entry
  • MLS Status: Closed
  • Subdivision Name: PALOLO
  • Carport Y N: Yes
  • Unit Levels: One
  • Living Area: 1472.0
  • New Construction: No
  • Roof: Asphalt, Other, Shingle
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Construction Type: Single Wall
  • Lot Features: Cleared, Interior Lot, Wooded
  • Pool Features: None
  • Property Condition: Repairs Major
  • Topography: Sloping
  • View: City, Mountain(s), Ocean
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 2.0

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Water Available

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Palolo
  • High School: Kaimuki
  • Middle Or Junior School: Jarrett

Lot Info

  • Parcel Number: 1-3-4-012-006-0000
  • Zoning Description: 05 - R-5 Residential District

Tax Info

  • Tax Annual Amount: 1591.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Oct 30, 2017
Sold by
Oyama Raymond Yoshito
Bought by
Gagnon David Mark and Tree Melissa Danielle
Seller's Agent
Jaymes Song
REMAX Hawaii
Buyer's Agent
Courtney Takai
Vesta Hawaii Real Estate
List Price
$799,000
Sold Price
$710,000
Premium/Discount to List
-$89,000
-11.14%
Current Estimated Value
$1,095,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,962
Avg. Annual Appreciation
5.65%
Original Mortgage
$636,150
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2016
Sold by
Nakano Pamela Shizue
Bought by
Oyama Raymond Yoshito

Purchase Details

Closed on
Sep 30, 2016
Sold by
Oyama Raymond Y
Bought by
Oyama Raymond Yoshito and Nakano Pamela Shizue

Purchase Details

Closed on
May 4, 2011
Sold by
Oyama Raymond Y and Oyama Minnie S
Bought by
Oyama Raymond Y and Oyama Minnie S
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
Gagnon David Mark $710,000 Hta
Gagnon David Mark $710,000 Hta
Oyama Raymond Yoshito -- None Available
Oyama Raymond Yoshito -- None Available
Oyama Raymond Yoshito -- None Available
Oyama Raymond Yoshito -- None Available
Oyama Raymond Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gagnon David Mark $350,000
Open Gagnon David Mark $610,000
Closed Gagnon David Mark $636,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2017 11/03/17 Sold $710,000 -11.1% $482 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $799,000 -- $543 / 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 $2,240 $797,700 $656,400 $141,300
2024 $2,240 $759,900 $656,400 $103,500
2023 $2,210 $831,500 $656,400 $175,100
2022 $2,306 $758,800 $612,700 $146,100
2021 $2,117 $704,800 $516,400 $188,400
2020 $2,041 $683,200 $516,400 $166,800
2019 $2,069 $671,200 $516,400 $154,800
2018 $1,634 $466,800 $332,900 $133,900
2017 $1,913 $546,500 $445,700 $100,800
2016 $1,591 $574,600 $429,200 $145,400
2015 $1,397 $519,100 $400,300 $118,800
2014 -- $480,800 $387,900 $92,900
Source: Public Records

Agents Affiliated with this Home

  • Jaymes Song

    Seller's Agent in 2017

    Jaymes Song

    REMAX Hawaii

    (808) 228-3332

    2 in this area

    132 Total Sales

    Section Image
  • Courtney Takai

    Buyer's Agent in 2017

    Courtney Takai

    Vesta Hawaii Real Estate

    (808) 561-8200

    2 in this area

    146 Total Sales

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201709237

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-4-012-006-0000

Hawaii Honolulu County Honolulu 96816 Palolo

2555 Lai Rd, Honolulu, HI

This home is located at 2555 Lai Rd, Honolulu, HI 96816 since 02 May 2017 and is currently estimated at $1,088,376, approximately $739 per square foot. This property was built in 1949. 2555 Lai Rd is a home located in Honolulu County with nearby schools including Palolo Elementary School, William P Jarrett Middle School, and Kaimuki 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.

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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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