NOT LISTED FOR SALE

268 Palanehe St Kihei, HI 96753

Estimated Value: $1,100,000 - $1,284,000

2 Beds
2 Baths
1,040 Sq Ft
$1,156/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $1,212,000 $1,165 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,616/month

1 Day on Market

Highlights

  • Solar Power System
  • Views
  • Ceiling Fan
  • Lanai
  • Central Air
  • 2 Car Garage

About This Home

As of May 2024

Great opportunity to own this well maintained Kihei home. Located with close access to beaches, shopping and the highway. Lots of options with this two unit property. Both of the living spaces have plenty of privacy between each other. The upstairs is a spacious 2 bedroom 2 bath unit with its own laundry and storage area and a large covered lanai. The downstairs 2 bedroom 1 bath unit has a private entrance, its own washer dryer and a roomy private back yard area. Lots of off onsite parking is available plus a two car garage. Currently both units are rented with short leases remaining. Both tenants would love to stay on. No HOA, privately owned solar panels, split ac in both units and more. Please plan for 48 hours to show.

Last Agent to Sell the Property

Heidi Farmer

Sunny Maui Vacations License #RB-21317 Listed on: 03/13/2024

Last Buyer's Agent

Evelyn Wong

Keller Williams Realty Maui-Ki License #RS-69994

Keller Williams Realty Maui-Ki

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 2002

Lot Details

  • 7,623

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction

Interior Spaces

  • 1,040 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Property Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Utilities

  • Central Air
  • No Heating

Additional Features

  • Lanai
  • 7,623 Sq Ft Lot

Community Details

  • Waiakoa Kai Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2390471070000

Home Details

Home Type

Single Family

Est. Annual Taxes

$955

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • View: Other
  • Year Built: 2002
  • Property Sub Type: Single Family w/Att Ohana
  • Prop. Type: Residential
  • Subdivision Name: WAIAKOA KAI ESTATES
  • Fireplace: No
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Ceiling Fan
  • Unit Levels: Two
  • LivingArea: 1040
  • Green Power: Solar
  • Financial Info Electric: Photovoltaics Seller Owned
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.175
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Frame
  • Patio And Porch Features: Covered Lanai/Deck

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • HeatingYN: No

Lot Info

  • Lot Size Sq Ft: 7623
  • ResoLotSizeUnits: Acres
  • Parcel #: 2390471070000
  • ResoLotSizeUnits: Acres

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 8, 2024
Sold by
Steven Mcmurray Living Trust and Mcmurray Steven Bruce
Bought by
Cabaong Arcel and Cabaong Mildred
Seller's Agent
Heidi Farmer
Sunny Maui Vacations
Buyer's Agent
Evelyn Wong
Keller Williams Realty Maui-Ki
List Price
$1,175,000
Sold Price
$1,212,000
Premium/Discount to List
$37,000
3.15%
Views
16
Current Estimated Value
$1,201,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,113
Avg. Annual Appreciation
0.29%
Original Mortgage
$1,149,824
Outstanding Balance
$1,137,871
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$78,542

Purchase Details

Closed on
Jun 1, 2021
Sold by
Mcmurray Steven Bruce
Bought by
Mcmurray Steven Bruce and The Steven Mcmurray Living Tru

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N

Purchase Details

Closed on
Apr 12, 2000
Sold by
Waiakoa Estates Subdivision Joint Ventur
Bought by
Mcmurray Steven Bruce
Source: Public Records

Range of Values:

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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
Cabaong Arcel -- Tge
Mcmurray Steven Bruce -- None Available
Makekau Jeffery N -- --
Mcmurray Steven Bruce $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cabaong Arcel $1,149,824
Previous Owner Mcmurray Steven Bruce $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $1,212,000 +3.1% $1,165 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $1,175,000 -- $1,130 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

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 $955 $1,144,900 $793,000 $351,900
2024 $955 $930,500 $594,800 $335,700
2023 $300 $793,800 $457,500 $336,300
2022 $350 $686,600 $381,300 $305,300
2021 $350 $610,000 $343,100 $266,900
2020 $400 $615,200 $343,100 $272,100
2019 $400 $538,900 $274,500 $264,400
2018 $476 $575,800 $274,500 $301,300
2017 $995 $0 $0 $0
2016 $3 $517,400 $236,400 $281,000
2015 -- $467,500 $213,500 $254,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 401493

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-047-107-0000