$129,000
SOLD OCT 23, 2014

Five Regents 2888 Ala Ilima St Unit 810 Honolulu, HI 96818

Aliamanu-Salt Lake Neighborhood
-- Bed
1 Bath
300 Sq Ft
$332/mo HOA Fee

Recently Sold

$430 Per Sq Ft

49 Days on Market

Highlights

  • 50,138 Sq Ft lot
  • Clubhouse
  • Community Pool
  • Salt Lake Elementary School Rated 9+
  • Sauna
  • Tennis Courts

About This Home

As of January 2020

Who says a leasehold property on Oahu can't be a good investment? This Salt Lake building has 64 years left on the lease with an extremely low lease rent that doesn't renegotiate! Low maintenance fee and good rental income = positive cash flow. Excellent security, central location and great amenities all translate into easy to rent. Recently rented for $1,000 per month. This unit is in great condition, but is sold "As Is".

Last Agent to Sell the Property

Stephen Nikkola

Drop - 2022 License #RS-72333 Listed on: 08/05/2014

Last Buyer's Agent

Elaine Peterson

Peterson Properties of Hawaii License #RB-19083

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $576

Year Built

  • Built in 1978

HOA Fees

  • $332 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 300 Sq Ft Home
  • 1-Story Property
  • Closed Circuit Camera

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 1 Parking Space
  • Covered Parking
  • Guest Parking
  • Assigned Parking

Schools

  • Salt Lake Elementary School
  • Moanalua Middle School
  • Moanalua High School

Listing and Financial Details

  • Assessor Parcel Number 1-1-1-062-024-0045

Community Details

Overview

  • Association fees include common areas, sewer, water
  • Five Regents Condos
  • Salt Lake Subdivision

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Community Deck or Porch
  • Sauna
  • Clubhouse
  • Meeting Room
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Pool
  • Recreational Area

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Card or Code Access
  • Secure Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$576

Year Built

Built in 1978

Lot Details

0

HOA Fees

$332 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Five Regents
  • Inclusions: AC Window Unit,Cable TV,Disposal,Range Hood,Range/Oven,Refrigerator,Smoke Detector
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1978
  • CommunityFeatures: Barbecue, Clubhouse, Conference/Meeting Room, Deck/Porch, Laundry Facilities, Patio, Pool, Recreation Area, Sauna, Tennis Court(s)
  • SecurityFeatures: Closed Circuit Camera(s), Elevator Secured, Key Card Entry, Security Guard
  • Association Amenities: Management
  • Pets Allowed: Call
  • MLS Status: Closed
  • Subdivision Name: SALT LAKE
  • Entry Level: 8
  • Unit Levels: One
  • Living Area: 300.0
  • New Construction: No
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 1

Exterior Features

  • Construction Type: Masonry, Stucco
  • Property Condition: Good Condition
  • View: None
  • View: No
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Assigned, Covered, Guest, One Space, On Street
  • Total Parking Spaces: 1.0

Condo/Co-op/Association

  • Association Fee: 332.0

Fee Information

  • Association Fee Includes: Common Areas, Sewer, Water

Schools

  • Elementary School: Salt Lake
  • High School: Moanalua
  • Middle Or Junior School: Moanalua

Lot Info

  • Parcel Number: 1-1-1-062-024-0045
  • Zoning Description: 12 - A-2 Medium Density Apartme

Rental Info

  • Land Lease Amount: 48.0

Multi Family

  • Maintenance Expense: 332.0
  • Lease Expiration: 2078-12-01

Tax Info

  • Tax Annual Amount: 576.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2024
Sold by
Teruya William Osamu and Teruya Mitsue Mende
Bought by
William Osamu Teruya Revocable Trust and Mitsue Mende Teruya Revocable Trust
Current Estimated Value
$198,167
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $102,000 Unknown
Previous Owner $65,000 Credit Line Revolving
Previous Owner $28,000 Credit Line Revolving
Previous Owner $56,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $165,000 -2.4% $550 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $169,000 0.0% $563 / Sq Ft
10/13/2018 10/13/18 Rented $1,395 0.0% --
10/13/2018 10/13/18 For Rent $1,395 0.0% --
10/23/2014 10/23/14 Sold $129,000 +0.1% $430 / Sq Ft
09/23/2014 09/23/14 Pending -- -- --
08/05/2014 08/05/14 For Sale $128,888 -- $430 / 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 $823 $246,400 $18,600 $227,800
2024 $823 $235,200 $18,600 $216,600
2023 $775 $221,500 $18,600 $202,900
2022 $354 $210,900 $18,100 $192,800
2021 $743 $212,400 $17,300 $195,100
2020 $734 $209,600 $18,100 $191,500
2019 $759 $216,800 $18,100 $198,700
2018 $702 $200,600 $17,300 $183,300
2017 $685 $195,700 $17,300 $178,400
2016 $641 $183,200 $16,600 $166,600
2015 $577 $164,800 $14,600 $150,200
2014 $553 $161,300 $14,600 $146,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Elaine Peterson

    Peterson Properties of Hawaii

  • Ivy Kumai

    Buyer's Agent in 2020

    Ivy Kumai

    Ivy K Realty, LLC

    (808) 488-0771

    30 in this area

    163 Total Sales

    Ivy Kumai
    Section Image

  • S

    Seller's Agent in 2014

    Stephen Nikkola

    Drop - 2022

    Section Image
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About Five Regents

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201416205

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-1-062-024-0045

Hawaii Honolulu County Honolulu 96818 Aliamanu-Salt Lake

2888 Ala Ilima St Unit 810, Honolulu, HI

This home is located at 2888 Ala Ilima St Unit 810, Honolulu, HI 96818 and is currently priced at $129,000, approximately $430 per square foot. This property was built in 1978. 2888 Ala Ilima St Unit 810 is a home located in Honolulu County with nearby schools including Salt Lake Elementary School, Moanalua Middle School, and Moanalua 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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