NOT LISTED FOR SALE

2956 Varsity Cir Honolulu, HI 96826

Manoa Neighborhood

Estimated Value: $1,800,556 - $2,621,000

1 Bed
-- Bath
-- Sq Ft
5,795 Sq Ft Lot

Last Sold November 15, 2016

Last sale price $1,838,000

Est. 13% increase in value since last sale

Current estimated payment $11,331/month

227 Days on Market

Highlights

  • City View
  • Level Lot
  • 3-minute walk to Kalo Place Mini Park

About This Home

As of November 2016

Two buildings with 6 one bedrooms and 2 two bedrooms multi family near UH. Convenience location to waikiki and town.

Last Agent to Sell the Property

Christina Dong

Top Property Management LLC License #RB-20925 Listed on: 03/03/2016

Co-Listed By

Brian Chua

Five Star Realty, Inc. License #RB-21314

Last Buyer's Agent

Yumi Benedicto-Dugger

Real Estate Strategies, LLC License #RB-19137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1953

Lot Details

  • 5,795 Sq Ft Lot
  • Level Lot
  • Flag Lot

Parking

  • 6 Parking Spaces

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • City Views
  • Laundry in unit

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity, gas
  • Assessor Parcel Number 1-2-8-025-009-0000

Community Details

Overview

  • 8 Units
  • Moiliili Subdivision

Building Details

  • Operating Expense $26,232
  • Net Operating Income $76,368

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,708

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Co List Office Mls Id: FIVE
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1953
  • CommunityFeatures: None
  • LaundryFeatures: In Unit
  • Co List Office Phone: (808) 382-6871
  • MLS Status: Closed
  • Subdivision Name: MOILIILI
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Other
  • Lot Features: Cleared, Flag Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: City, None
  • View: No
  • Disclosures: Call Agent

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 6.0

Utilities

  • Utilities: Natural Gas Available, Water Available
  • Sewer: Other
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-8-025-009-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 76368.0
  • Annual Operating Expense: 26232.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas
  • Total Actual Rent: 8350.0

Tax Info

  • Tax Annual Amount: 3708.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2016
Closed on
Nov 8, 2016
Sold by
Cai She Fa and Lei Susanna Jun Yu
Bought by
2956 Varsity Llc
Seller's Agent
Christina Dong
Top Property Management LLC
Buyer's Agent
Yumi Benedicto-Dugger
Real Estate Strategies, LLC
List Price
$1,888,000
Sold Price
$1,838,000
Premium/Discount to List
-$50,000
-2.65%
Current Estimated Value
$2,075,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,185
Avg. Annual Appreciation
1.33%
Original Mortgage
$1,065,000
Outstanding Balance
$855,010
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$1,220,175

Purchase Details

Listed on
Nov 25, 2011
Closed on
Mar 16, 2012
Sold by
Au Kevin Kwan Yet and Au Lilian Hing Ling
Bought by
Cai She Fa and Lei Susanna Jun Yu
Seller's Agent
Vincent Lao
Five Star Realty, Inc.
Buyer's Agent
Christina Dong
Top Property Management LLC
List Price
$1,299,000
Sold Price
$1,210,000
Premium/Discount to List
-$89,000
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$670,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2011
Sold by
Miyazaki Momoyo
Bought by
Au Kevin Kwan Yet and Au Lilian Hing Ling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1992
Sold by
Miyazaki Momoyo
Bought by
Miyazaki Momoyo and Revocable Tr Agreement Of Momoyo Miyazak
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

Date Buyer Sale Price Title Company
2956 Varsity Llc $1,838,000 Fam
2956 Varsity Llc $1,838,000 Fam
Cai She Fa $1,210,000 Tg
Cai She Fa $1,210,000 Tg
Au Kevin Kwan Yet $995,000 Tg
Miyazaki Momoyo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2956 Varsity Llc $1,065,000
Closed 2956 Varsity Llc $1,065,000
Previous Owner Cai She Fa $670,000
Previous Owner Au Kevin Kwan Yet $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2016 11/15/16 Sold $1,838,000 -2.6% --
10/16/2016 10/16/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $1,888,000 +56.0% --
03/21/2012 03/21/12 Sold $1,210,000 -6.9% $312 / Sq Ft View Prior Sale
02/20/2012 02/20/12 Pending -- -- --
11/25/2011 11/25/11 For Sale $1,299,000 -- $335 / 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 $5,762 $1,644,500 $1,410,100 $234,400
2024 $5,762 $1,646,200 $1,410,100 $236,100
2023 $5,575 $1,592,900 $1,358,800 $234,100
2022 $5,427 $1,550,700 $1,333,200 $217,500
2021 $5,112 $1,460,700 $1,230,600 $230,100
2020 $5,367 $1,533,300 $1,281,900 $251,400
2019 $4,937 $1,410,600 $1,153,700 $256,900
2018 $4,371 $1,248,800 $999,900 $248,900
2017 $4,436 $1,267,400 $948,600 $318,800
2016 $3,991 $1,140,200 $923,000 $217,200
2015 $3,719 $1,062,500 $850,600 $211,900
2014 $2,969 $1,006,700 $798,300 $208,400
Source: Public Records

Agents Affiliated with this Home

  • Christina Dong

    Seller's Agent in 2016

    Christina Dong

    Top Property Management LLC

    (808) 255-8878

    1 in this area

    71 Total Sales

    Christina Dong
    Section Image
  • Brian Chua

    Seller Co-Listing Agent in 2016

    Brian Chua

    Five Star Realty, Inc.

    (808) 382-6871

    1 in this area

    65 Total Sales

    Brian Chua
    Section Image

  • Y

    Buyer's Agent in 2016

    Yumi Benedicto-Dugger

    Real Estate Strategies, LLC

    (808) 389-7768

    1 in this area

    15 Total Sales

    Yumi Benedicto-Dugger
    Section Image
  • Vincent Lao

    Seller's Agent in 2012

    Vincent Lao

    Five Star Realty, Inc.

    (808) 382-6871

    6 in this area

    210 Total Sales

    Vincent Lao
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201604487

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-025-009-0000

Hawaii Honolulu County Honolulu 96826 Manoa

2956 Varsity Cir, Honolulu, HI

Not Listed for Sale

MultiFamily

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