$750,000
SOLD JUL 3, 2018

31 Koula St Hilo, HI 96720

3 Beds
3.5 Baths
2,246 Sq Ft
0.59 Acres

Recently Sold

$334 Per Sq Ft

3% Below List Price

3 Days on Market

About This Home

As of February 2020

Hilo at its Best! This classic Craftsman Bungalow residence and Asian-style gardens capture the timeless beauty and tranquility of “old Hawaii”. Features a custom-designed main bungalow and separate “Ohana” dwelling over the garage. The main house is a single-story, 2 bed, 2 bath connected by a covered walkway to enclosed 2-car garage with upstairs 1 bed, 1 bath Ohana. Ohana is complete with private entry, full kitchen, walk-in shower and deep “furo” soaking tub, and may be utilized as an office, guest or mother-in-law quarters, separate suite or second residence. Located in the uplands of Hilo with streams, waterfalls and quiet cul-de-sacs, this property feels secluded and private, yet only a five-minute drive to downtown Hilo and Hilo Bay.
Bungalows are built with expert craftsmanship, quality materials, spacious living areas, high ceilings, dormer windows, rich cherry wood cabinetry and travertine stone. Picture windows and sliding glass doors invite the outdoors in, with Shoji panel doors for privacy. Downstairs screened-in lanai is situated in the coolness of the garden, while upstairs balcony has expansive, panoramic views overlooking the tropical rainforest to the ocean. Garden courtyard, covered lanai and half-bath function as outdoor living spaces artfully designed with pond, waterfall and “tsukubai” fountain water features. Exterior lanterns light up lanais and walkways, and landscape lighting accents the gardens at night creating a peaceful atmosphere throughout the property.
Grounds are a garden-lover’s delight with well-established fruit trees, ornamental plantings and strolling pathways to explore. Factoring in the extensive and unique plantings, well-crafted hardscapes, water features, landscape lighting, fencing and irrigation system, the landscaping value is above and beyond a standard appraisal value of the buildings and lot.
This property has two successful income producing vacation rentals offered for short-term or month-to-month.

Last Agent to Sell the Property

David Skeele

COMPASS Brokerage Phone: 8089388284 License #RB-12882 Listed on: 05/14/2018

Last Buyer's Agent

David Skeele

COMPASS Brokerage Phone: 8089388284 License #RB-12882 Listed on: 05/14/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,797

Year Built

  • Built in 2005

Lot Details

  • Property fronts a county road
  • Property is zoned RS-15

Parking

  • Attached Garage

Home Design

  • 2,246 Sq Ft Home

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Private Sewer
  • Phone Available
  • Cable TV Available

Community Details

  • Ainako Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Legal Lot and Block 16 / 17
  • Assessor Parcel Number 3250240390000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,797

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Attribution Contact: 8089388284
  • Co List Office Phone: 8085892040
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: AINAKO SUBDIVISION
  • Living Area: 2246.0
  • Year Built: 2005
  • Tax Year: 2016
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 3

Exterior Features

  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3250240390000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5797.0
  • Tax Block: 17
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2019
Closed on
Jan 24, 2020
Sold by
Shock Christopher Dale and Shock Donna Lee
Bought by
Matsuura John H and Matsuura Natalie A
Seller's Agent
Denise Nakanishi
Real Broker LLC
Buyer's Agent
Mary Begier
Mary Begier Realty
List Price
$799,001
Sold Price
$850,000
Premium/Discount to List
$50,999
6.38%
Current Estimated Value
$1,185,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,496
Avg. Annual Appreciation
3.50%
Original Mortgage
$843,160
Outstanding Balance
$750,097
Interest Rate
3.74%
Mortgage Type
VA
Estimated Equity
$282,333

Purchase Details

Listed on
May 14, 2018
Closed on
Jun 25, 2018
Sold by
Skeele Sherron L and Skeele David L
Bought by
Shock Christopher Dale and Shock Donna Lee
Seller's Agent
David Skeele
COMPASS
Buyer's Agent
David Skeele
COMPASS
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$730,000
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
Mar 15, 2005
Sold by
Skeele Sherron L
Bought by
Skeele Sherron L and Skeele David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 16, 2003
Sold by
Hirota Don H and Hirota Sharon L
Bought by
Skeele David L and Skeele Sherron L
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $850,000 Tg
Warranty Deed $750,000 Tg
Interfamily Deed Transfer -- Itc
Interfamily Deed Transfer -- Itc
Warranty Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $843,160 VA
Previous Owner $730,000 VA
Previous Owner $350,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Off Market $850,000 -- --
05/07/2020 05/07/20 Off Market $850,000 -- --
02/07/2020 02/07/20 Sold $850,000 +6.4% $378 / Sq Ft
12/29/2019 12/29/19 Pending -- -- --
12/21/2019 12/21/19 For Sale $799,001 +6.5% $356 / Sq Ft
10/02/2018 10/02/18 Off Market $750,000 -- --
07/03/2018 07/03/18 Sold $750,000 -3.2% $334 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $775,000 -- $345 / 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
2025 $4,160 $915,800 $183,500 $732,300
2024 $4,160 $889,100 $183,500 $705,600
2023 $4,171 $863,200 $183,500 $679,700
2022 $4,170 $838,100 $183,500 $654,600
2021 $4,020 $813,700 $183,500 $630,200
2020 $8,770 $790,100 $172,300 $617,800
2019 $3,598 $745,100 $167,800 $577,300
2018 $6,879 $619,700 $160,300 $459,400
2017 $6,654 $599,500 $152,800 $446,700
2016 $5,798 $576,900 $137,800 $439,100
2015 -- $538,000 $137,800 $400,200
2014 -- $525,100 $124,800 $400,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 617322

Hawaii Information Service (MLS Hawaii)

APN: 3-2-5-024-039-0000