NOT LISTED FOR SALE

2902 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated Value: $1,897,000 - $2,075,770

-- Bed
1 Bath
6,130 Sq Ft
$320/Sq Ft Est. Value

Last Sold June 08, 2017

Last sale price $1,488,000 $243 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $10,854/month

84 Days on Market

Highlights

  • Coin Laundry
  • Level Lot
  • 4-minute walk to Kalo Place Mini Park

About This Home

As of June 2017

Surprisingly quiet, surrounded by greenery, and easy to rent studios with solid tenant pool: a stone's throw from UH, Manoa and directly across from an empty field maintained by the University, this apartment complex provides a peaceful oasis in the heart of Honolulu. 8 studios, 8 parking spaces, poured concrete construction, coin laundry, separately metered for electric. All units have ceramic tile flooring, verdant views, and cul-de-sac location means private living with ultimate convenience in all directions. Value-add opportunity with definite upside on rents. Property sold As Is, where is. Excellent value, seasoned leases, and proven return. Do not disturb tenants or enter the property without notifying listing agent. Seller prefers First American Title, Jill Kauka.

Last Agent to Sell the Property

Christina Dwight

Commercial Inv. Strategies License #RB-20978 Listed on: 02/14/2017

Last Buyer's Agent

Esther Kusunoki

List Sotheby's Int'l Realty License #RB-21002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,859

Year Built

  • Built in 1954

Lot Details

  • 6,130 Sq Ft Lot
  • Level Lot
  • Flag Lot

Home Design

  • Composition Roof

Interior Spaces

  • 6,130 Sq Ft Home
  • 2-Story Property

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Open Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-2-8-025-013-0000

Community Details

Overview

  • 8 Units
  • Moiliili Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $28,518
  • Net Operating Income $64,721

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,859

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1954
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Closed
  • Subdivision Name: MOILIILI
  • Unit Levels: Two
  • Roof: Composition
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cul-De-Sac, Flag Lot, Interior Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: 1031 Exchange

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 8.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-8-025-013-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 64721.0
  • Annual Operating Expense: 28518.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 7650.0

Tax Info

  • Tax Annual Amount: 3859.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
May 31, 2017
Sold by
Chen Christopher Izzard and Yip Andrea Georgiana
Bought by
2902 Varsity Llc
Seller's Agent
Christina Dwight
Commercial Inv. Strategies
Buyer's Agent
Esther Kusunoki
List Sotheby's Int'l Realty
List Price
$1,488,000
Sold Price
$1,488,000
Total Days on Market
84
Current Estimated Value
$1,961,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,590
Avg. Annual Appreciation
3.37%
Original Mortgage
$1,000,000
Outstanding Balance
$837,971
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$1,105,633

Purchase Details

Closed on
Jul 10, 2008
Sold by
Chiasson Carmene Anne
Bought by
Chen Christopher Izzard and Yip Andrea Georgiana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2007
Sold by
Chung Richard K S
Bought by
Chiasson Carmenne Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2003
Sold by
Fukumoto Kanichi and Fukumoto Tsuruko Sue
Bought by
Sasaki Elaine E and Moriwaki Sharon A
Source: Public Records

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
2902 Varsity Llc $1,488,000 Fam
2902 Varsity Llc $1,488,000 Fam
Chen Christopher Izzard $960,000 Tg
Chiasson Carmenne Anne $806,000 Fntic
Sasaki Elaine E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2902 Varsity Llc $190,888
Open 2902 Varsity Llc $1,000,000
Closed 2902 Varsity Llc $1,000,000
Previous Owner Chen Christopher Izzard $427,500
Previous Owner Chen Christopher Izzard $625,500
Previous Owner Chen Christopher Izzard $660,000
Previous Owner Chaisson Carmenne Anne $54,963
Previous Owner Chiasson Carmenne Anne $588,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2017 06/08/17 Sold $1,488,000 0.0% $243 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $1,488,000 -- $243 / 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 $5,321 $1,524,600 $1,377,300 $147,300
2024 $5,321 $1,520,200 $1,377,300 $142,900
2023 $5,038 $1,470,900 $1,327,300 $143,600
2022 $5,038 $1,439,400 $1,302,200 $137,200
2021 $4,703 $1,343,700 $1,202,000 $141,700
2020 $4,928 $1,408,000 $1,252,100 $155,900
2019 $4,487 $1,282,000 $1,126,900 $155,100
2018 $3,964 $1,132,500 $976,700 $155,800
2017 $3,943 $1,126,700 $926,600 $200,100
2016 $3,859 $1,102,600 $901,500 $201,100
2015 $2,990 $854,300 $745,000 $109,300
2014 -- $771,700 $661,500 $110,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Christina Dwight

    Commercial Inv. Strategies

    (808) 429-1098

    1 in this area

    62 Total Sales

    Christina Dwight
    Section Image

  • E

    Buyer's Agent in 2017

    Esther Kusunoki

    List Sotheby's Int'l Realty

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201702623

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-025-013-0000

Hawaii Honolulu County Honolulu 96826 Manoa

2902 Varsity Cir, Honolulu, HI

This home is located at 2902 Varsity Cir, Honolulu, HI 96826 since 14 February 2017 and is currently estimated at $1,961,590, approximately $319 per square foot. This property was built in 1954. 2902 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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