NOT LISTED FOR SALE

2840 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated Value: $1,516,853 - $1,805,000

1 Bed
-- Bath
2,576 Sq Ft
$656/Sq Ft Est. Value

Last Sold February 08, 2019

Last sale price $1,500,000 $582 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,811/month

82 Days on Market

Highlights

  • Views
  • Level Lot
  • 3-minute walk to Kalo Place Mini Park
  • Central Air

About This Home

As of February 2019

NEW LISTING!! RARE OPPORTUNITY!! Well maintained, freshly painted apartment building with 6 1bdrm/1bath units on an over 5000 square foot lot located just steps from University of Hawaii!! With one-for-one parking and separately metered for electric, this apt building represents the perfect investment opportunity. Each unit features its own washer. Ideally located minutes from Downtown and Waikiki.

Last Agent to Sell the Property

Myron Kiriu

REMAX Hawaii License #RB-17242 Listed on: 10/19/2018

REMAX Hawaii

Last Buyer's Agent

Richard Conradt

Aloha Realty Services License #RB-20683

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1956

Lot Details

  • 5,039 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,576 Sq Ft Home
  • 2-Story Property
  • Property Views

Parking

  • 6 Parking Spaces
  • Covered Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Air

Community Details

  • 6 Units
  • Moiliili Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1-2-8-025-042-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1956
  • MLS Status: Closed
  • Subdivision Name: MOILIILI
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Average Condition, Good Condition
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 6.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone 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: 1-2-8-025-042-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 3756.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2018
Closed on
Jan 22, 2019
Sold by
Sasaki Arthur Katsuro and Tsuda Hellenne Hatsue
Bought by
Aloha Investment Group Llc
Seller's Agent
Myron Kiriu
REMAX Hawaii
Buyer's Agent
Richard Conradt
Aloha Realty Services
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Current Estimated Value
$1,895,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,954
Avg. Annual Appreciation
1.85%
Original Mortgage
$1,125,000
Outstanding Balance
$995,006
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$695,613

Purchase Details

Closed on
Jul 30, 2018
Sold by
Miyahara Derrek H and Joannie Masuko Miyara Self Tru
Bought by
Miyahara Derrek H and Miyahara Joannie Masuko

Purchase Details

Closed on
Mar 9, 2015
Sold by
Sasaki Kanrad Kyoichi
Bought by
Sasaki Kanrad Kyoichi

Purchase Details

Closed on
Feb 22, 2002
Sold by
Sasaki Kanrad Kyoichi
Bought by
Tsuda Hellenne Hatsue and Miyahara Joannie Masuko
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
Aloha Investment Group Llc $1,500,000 Hta
Miyahara Derrek H -- None Available
Miyahara Derrek H -- None Available
Sasaki Kanrad Kyoichi -- None Available
Sasaki Kanrad Kyoichi -- None Available
Tsuda Hellenne Hatsue -- --
Sasaki Kanrad Kyoichi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aloha Investment Group Llc $1,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $1,500,000 -6.3% $582 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
10/19/2018 10/19/18 For Sale $1,600,000 -- $621 / 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 $5,164 $1,476,800 $1,380,400 $96,400
2024 $5,164 $1,475,300 $1,380,400 $94,900
2023 $4,972 $1,420,600 $1,330,200 $90,400
2022 $4,864 $1,389,600 $1,305,100 $84,500
2021 $4,519 $1,291,200 $1,204,700 $86,500
2020 $4,729 $1,351,200 $1,254,900 $96,300
2019 $3,757 $1,225,000 $1,129,400 $95,600
2018 $3,757 $1,073,300 $978,800 $94,500
2017 $3,721 $1,063,000 $928,600 $134,400
2016 $3,644 $1,041,200 $903,500 $137,700
2015 $3,275 $935,800 $804,700 $131,100
2014 -- $863,600 $730,700 $132,900
Source: Public Records

Agents Affiliated with this Home

  • Myron Kiriu

    Seller's Agent in 2019

    Myron Kiriu

    REMAX Hawaii

    (808) 721-2032

    21 in this area

    532 Total Sales

    Section Image

  • R

    Buyer's Agent in 2019

    Richard Conradt

    Aloha Realty Services

    (808) 255-9366

    3 Total Sales

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201827816

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-025-042-0000

Hawaii Honolulu County Honolulu 96822 Manoa

2840 Varsity Cir, Honolulu, HI

This home is located at 2840 Varsity Cir, Honolulu, HI 96826 since 19 October 2018 and is currently estimated at $1,690,618, approximately $656 per square foot. This property was built in 1956. 2840 Varsity Cir is a home located in Honolulu County with nearby schools including Prince Jonah Kuhio Elementary School, President George Washington 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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