NOT LISTED FOR SALE

2834 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated Value: $1,661,000 - $2,171,000

2 Beds
-- Bath
2,464 Sq Ft
$760/Sq Ft Est. Value

Last Sold July 09, 2015

Last sale price $1,170,000 $475 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $10,279/month

39 Days on Market

Highlights

  • Central Air
  • Community Storage Space
  • 3-minute walk to Kalo Place Mini Park
  • Level Lot

About This Home

As of July 2015

GREAT OPPORTUNITY-CONVENIENT LOCATION! Four (4) 2bdrm/1bath units in an ideal neighborhood & a loc'n that cannot be beat near UH campus, bus lines, freeway, shops & eateries w/a small yard. Unbelievable potential w/long term stable tenants-rents below market value. Each unit has their own cov'd prkg & Washer hookup. 2015 Water/Sewer averages approx. $390 a month for bldg. All units have similar flr plans. Please do not disturb tenants on property. This is a great investment property in an excellent & convenient loc'n. Need minimum 48hr to show. Showings/Open House Saturday May 9th 9:30-11:30am

Last Agent to Sell the Property

Wendy Tenn

REMAX Hawaii License #RB-24084 Listed on: 05/01/2015

REMAX Hawaii

Last Buyer's Agent

Richard Conradt

Aloha Realty Services License #RB-20683

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,988

Year Built

  • Built in 1954

Lot Details

  • 5,035 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry in unit
  • Washer

Parking

  • 4 Parking Spaces
  • Covered Parking
  • Assigned Parking

Schools

  • Kuhio Elementary School
  • Washington Middle School
  • Kaimuki High School

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-2-8-025-041-0000

Community Details

Overview

  • 4 Units
  • Moiliili Subdivision

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,988

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Architectural Style: Fourplex
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1954
  • CommunityFeatures: None, Storage Facilities
  • LaundryFeatures: In Unit
  • NAV29_Unit_1_Appliances: Washer
  • MLS Status: Closed
  • Subdivision Name: MOILIILI
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: 1031 Exchange, Seller Disclosure

Garage/Parking

  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Parcel Number: 1-2-8-025-041-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 4
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 4350.0

Tax Info

  • Tax Annual Amount: 2988.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Jul 6, 2015
Sold by
Umamoto Calvin Hajime and Umamoto Marsha Kinuko
Bought by
Conradt Richard S
Seller's Agent
Wendy Tenn
REMAX Hawaii
Buyer's Agent
Richard Conradt
Aloha Realty Services
List Price
$1,150,000
Sold Price
$1,170,000
Premium/Discount to List
$20,000
1.74%
Current Estimated Value
$1,871,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$701,806
Avg. Annual Appreciation
4.59%
Original Mortgage
$1,300,970
Outstanding Balance
$1,014,065
Interest Rate
3.85%
Mortgage Type
Commercial
Estimated Equity
$857,741

Purchase Details

Closed on
Sep 8, 1995
Sold by
Yamamoto Kay Katsumi
Bought by
Yamamoto Yoshiaki and Yamamoto Kay K

Purchase Details

Closed on
Feb 28, 1995
Sold by
Fujii Melvin Mineo
Bought by
Fujii Melvin Mineo and Fujii Joanne Keiko
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
Conradt Richard S $1,170,000 Fidelity National
Conradt Richard S $1,170,000 Fidelity National
Yamamoto Yoshiaki -- --
Fujii Melvin Mineo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conradt Richard S $1,300,970
Closed Conradt Richard S $1,300,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2015 07/09/15 Sold $1,170,000 +1.7% $475 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $1,150,000 -- $467 / 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 $5,320 $1,518,700 $1,379,800 $138,900
2024 $5,320 $1,519,900 $1,379,800 $140,100
2023 $5,125 $1,464,400 $1,329,600 $134,800
2022 $5,018 $1,433,800 $1,304,600 $129,200
2021 $4,694 $1,341,100 $1,204,200 $136,900
2020 $4,915 $1,404,300 $1,254,400 $149,900
2019 $4,472 $1,277,800 $1,128,900 $148,900
2018 $3,943 $1,126,600 $978,400 $148,200
2017 $3,916 $1,118,800 $928,200 $190,600
2016 $3,527 $1,007,600 $903,200 $104,400
2015 $3,237 $924,800 $804,200 $120,600
2014 -- $852,400 $730,100 $122,300
Source: Public Records

Agents Affiliated with this Home

  • Wendy Tenn

    Seller's Agent in 2015

    Wendy Tenn

    REMAX Hawaii

    (808) 389-8595

    1 in this area

    72 Total Sales

    Wendy Tenn
    Section Image

  • R

    Buyer's Agent in 2015

    Richard Conradt

    Aloha Realty Services

    (808) 255-9366

    3 Total Sales

    Richard Conradt
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201507449

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-025-041-0000

Hawaii Honolulu County Honolulu 96822 Manoa

2834 Varsity Cir, Honolulu, HI

Not Listed for Sale

MultiFamily

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