NOT LISTED FOR SALE

2902 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated Value: $1,470,032 - $1,740,000

Studio
1 Bath
6,130 Sq Ft
$259/Sq Ft Est. Value

Sale Details

Date Sold: June 8, 2017

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

Est. 7% increase in value since last sale

Current estimated payment $9,163 / mo

84 Days on Market

Highlights

  • Cul-De-Sac
  • Coin Laundry
  • 4-minute walk to Kalo Place Mini Park
  • Interior Lot
  • High Speed Internet

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
  • Cul-De-Sac
  • Interior Lot
  • Level Lot
  • Flag Lot
  • Property is in average condition

Home Design

  • Composition Roof

Interior Spaces

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

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Above Ground Utilities
  • High Speed Internet
  • Phone Available
  • Cable TV Available

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

6,130 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
May 31, 2017
Sold by
Bought by
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
Current Estimated Value
$1,587,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,677
Avg. Annual Appreciation
0.71%

Purchase Details

Closed on
Jul 10, 2008
Sold by
Bought by

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
0.0604%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2007
Sold by
Bought by

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
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2003
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,488,000 Fam
$960,000 Tg
$806,000 Fntic
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $190,888
Previous Owner $660,000
Previous Owner $588,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,336 $1,529,300 $1,377,300 $152,000
2025 $5,336 $1,524,600 $1,377,300 $147,300
2024 $5,321 $1,520,200 $1,377,300 $142,900
2023 $5,148 $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

    54 Total Sales

    Christina Dwight
    Section Image

  • E

    Buyer's Agent in 2017

    Esther Kusunoki

    List Sotheby's Int'l Realty

See All Agents

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

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.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2026 HiCentral MLS, Ltd

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