NOT LISTED FOR SALE

2881 Kaiwiki Rd Hilo, HI 96720

Estimated Value: $1,674,022 - $1,907,000

5 Beds
3.5 Baths
3,733 Sq Ft
$477/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $1,619,500 $434 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,464/month

9 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • Gazebo
  • Wooded Lot
  • Wood Flooring
  • Skylights

About This Home

As of July 2022

Your furnished oasis awaits! Removed from the main road, a private easement brings you this rare find- a fenced and gated property of just over 10 acres less than 20 minutes from Hilo. Surrounded by mature trees and numerous varieties of colorful ornamentals, the property is private and tucked away, bordered on one side by an accessible stream with waterfalls and pools. Sitting at 1,500' elevation, be greeted by sunrises and views of the ocean and coastline of Hilo.

The main house is a two-story cedar-sided home with tall ceilings and generous natural light. Enter through double doors to the foyer that leads to guest quarters featuring a full bathroom with jetted tub and walk-in shower. Upstairs, the spacious primary bedroom with skylight and private ensuite features a walk-in shower, dual sinks and walk-through closet. Adjacent to the loft-like bedroom is a large kitchen and dining space and half bath, ideal for entertaining. The upstairs is flanked by two more lanais, both of which can be accessed from the primary bedroom or main living area. The front lanai is a great place to work or entertain, and the view lends itself to gorgeous morning sunrises over the ocean.

As a bonus for guests or for rental potential, the property features a charming and private cottage with two bedrooms, one bath, a kitchen, its own laundry, a large, covered lanai, and covered parking. Its roof holds 24 net metered PV panels that supply power to both units, which are separately metered. For the fabricators- a 800sf metal workshop with concrete floors and 220V electric is onsite, and the bookworms can enjoy a detached library with handsome built-in shelving. Imagine going for a dip in your own private mountain-water stream, entertaining guests in a sun-drenched space overlooking forest and bay, and gazing at the Milky Way underneath canopies of aromatic rainbow eucalyptus. Enjoy the beauty and privacy this property affords without losing the luxuries of proximity to Hilo.

Last Listed By

Wailana Herbst

Corcoran Pacific Properties Brokerage Phone: 8087567056 License #RB-24019 Listed on: 06/08/2022

Corcoran Pacific Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,210

Year Built

  • Built in 1982

Lot Details

  • Home fronts a stream
  • Property fronts a county road
  • Property fronts an easement
  • Wire Fence
  • Landscaped
  • Gentle Sloping Lot
  • Wooded Lot
  • Property is zoned A-10A

Parking

  • 2 Car Attached Garage
  • 1 Carport Space

Property Views

  • Ocean
  • Bay

Home Design

  • Steel Frame
  • Double Stud Wall

Interior Spaces

  • 3,733 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Skylights
  • Drapes & Rods
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Gazebo

Utilities

  • No Cooling
  • No Heating
  • Cistern
  • Cesspool
  • Private Sewer
  • Internet Available
  • Phone Available

Community Details

  • Kaiwiki Homesteads I & Ii Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 3260110280000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,210

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Property Sub-Type: Duplex
  • Reso Fencing: Wire
  • Road Frontage Type: Stream/Canal
  • ResoLotFeatures: Landscaped, Wooded
  • ResoSecurityFeatures: Smoke Detector(s)
  • Attribution Contact: 8087567056
  • Co List Office Phone: 8085892040
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: KAIWIKI HOMESTEADS I & II
  • Elevation: 1450
  • Carport Spaces: 1.0
  • Reso Interior Features: Built-in Features, High Ceilings, Skylights, Vaulted Ceilings
  • Unit Levels: One, Two
  • Living Area: 3733.0
  • Reso Window Features: Blinds, Drapes
  • Year Built: 1982
  • Tax Year: 2021
  • HIS_PoolYN: No
  • Unit Description: Multi-Story, Single Family Home, Single Level
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 356
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: DSL, Satellite
  • HIS_Easement: Ingress/Egress
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Ceramic Tile, Hardwood
  • Total Bathrooms: 3
  • Design: Double Wall, Steel Frame

Exterior Features

  • Topography: Gentle Slope
  • View: Bay, HIS Sunrise, Ocean, Ocean Horizon
  • Waterfront: No
  • Other Structures: Gazebo
  • Roads: County, Paved

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Covered, None

Utilities

  • Cooling: Cash, None, Other
  • Heating: None, Other
  • Sewer: Cesspool
  • Utilities: Electricity Available, Phone Available
  • Water Source: Cistern

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-10A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260110280000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5210.0
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jul 14, 2022
Sold by
Marie Moore Antoinette
Bought by
Minter Ronald and Minter Nadia
Seller's Agent
Wailana Herbst
Corcoran Pacific Properties
Buyer's Agent
Tamarah Robinson
Coldwell Banker Island Properties - Hilo
List Price
$1,500,000
Sold Price
$1,619,500
Premium/Discount to List
$119,500
7.97%
Total Days on Market
9
Current Estimated Value
$1,781,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,756
Avg. Annual Appreciation
3.50%

Purchase Details

Listed on
Dec 5, 2019
Closed on
May 11, 2020
Sold by
Schell David Gregory and Dailey Sylvia Kathleen
Bought by
Moore Antoinette Marie
List Price
$997,500
Sold Price
$950,000
Premium/Discount to List
-$47,500
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.72%
Original Mortgage
$350,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2001
Sold by
Larsen Jeyte Lorna
Bought by
Schell David Gregory and Dailey Sylvia Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
7.21%

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
Minter Ronald -- Title Guaranty & Escrow Servic
Minter Ronald -- Title Guaranty & Escrow Servic
Moore Antoinette Marie $950,000 Tg
Schell David Gregory $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Antoinette Marie $386,250
Previous Owner Moore Antoinette Marie $350,000
Previous Owner Schell David Gregory $547,000
Previous Owner Schell David Gregory $530,000
Previous Owner Schell David Gregory $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Off Market $1,619,500 -- --
07/27/2022 07/27/22 Sold $1,619,500 +8.0% $434 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $1,500,000 +57.9% $402 / Sq Ft
05/21/2020 05/21/20 Sold $950,000 -4.8% $324 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
12/05/2019 12/05/19 For Sale $997,500 -- $340 / 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
2024 $7,069 $1,373,100 $548,300 $824,800
2023 $11,630 $1,243,800 $476,800 $767,000
2022 $5,389 $996,300 $342,200 $654,100
2021 $5,211 $967,300 $342,200 $625,100
2020 $4,303 $909,600 $311,100 $598,500
2019 $4,140 $883,100 $314,800 $568,300
2018 $4,192 $891,600 $352,400 $539,200
2017 $2,974 $528,100 $2,700 $525,400
2016 $2,812 $514,000 $2,700 $511,300
2015 $2,366 $471,500 $2,700 $468,800
2014 $2,366 $472,400 $2,700 $469,700
Source: Public Records

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Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 662469

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-011-028-0000