$1,060,000
SOLD JUN 23, 2025

3116 Waialae Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood
3 Beds
2 Baths
1,272 Sq Ft
1953 Built

Recently Sold

$833 Per Sq Ft

27% Below List Price

220 Days on Market

Highlights

  • Wood Flooring
  • Views
  • 1-Story Property
  • Ali'iolani Elementary School Rated A-
  • Card or Code Access

About This Home

As of June 2025

Rare investment Opportunity. Commercial Zoned B-2. Great location on Waialae Ave near City Mill. 8,041 sq ft of land. Home is currently occupied by tenants on month to month lease. Also offered for sale is neighboring TMK 1-3-3-002-041-0000. The possibilities are endless! Also listed as Commercial - See MLS 202425883.

Last Agent to Sell the Property

Stephen Cipres

Corcoran Pacific Properties Brokerage Phone: (808) 589-2040 License #RB-20034 Listed on: 11/15/2024

Corcoran Pacific Properties

Last Buyer's Agent

Trang Nadeau

Five Star Realty, Inc. License #RS-87493

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 8,041 Sq Ft Lot
  • Property fronts a county road
  • Flag Lot
  • Zoning described as 32 - B-2 Community Business Dis

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,272 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Carport
  • Driveway

Community Details

  • Palolo Subdivision
  • Card or Code Access

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 1-3-3-002-053-0000

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Architectural Style: Detached
  • Building Name: na
  • Inclusions: Other
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1953
  • Attribution Contact: (808) 589-2040
  • CommunityFeatures: Other
  • Road Frontage Type: Other
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • SecurityFeatures: Key Card Entry
  • MLS Status: Closed
  • Subdivision Name: PALOLO
  • Carport Y N: Yes
  • Unit Levels: One
  • Living Area: 1272.0
  • New Construction: No
  • Roof: Asphalt, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Other
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Construction Type: Concrete, Wood Frame
  • Lot Features: Flag Lot, Other
  • Pool Features: None
  • Property Condition: Average Condition
  • Topography: Other
  • View: Other
  • View: Yes
  • Disclosures: Seller Disclosure
  • Exclusions: Other

Garage/Parking

  • Parking Features: Carport, Driveway, Three or more Spaces
  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Other, Water Available
  • Water Source: Public

Fee Information

  • Association Fee Includes: None

Lot Info

  • Parcel Number: 1-3-3-002-053-0000
  • Zoning Description: 32 - B-2 Community Business Dis

Tax Info

  • Tax Annual Amount: 18878.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jun 5, 2025
Sold by
Farid G Ghahremani Trust and Ghahremani Bryan K
Bought by
Le Vinh The and Nguyen Thuy Suong
Seller's Agent
Stephen Cipres
Corcoran Pacific Properties
Buyer's Agent
Trang Nadeau
Five Star Realty, Inc.
List Price
$1,450,000
Sold Price
$1,060,000
Premium/Discount to List
-$390,000
-26.9%
Views
133
Current Estimated Value
$1,132,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,690
Avg. Annual Appreciation
13.60%
Original Mortgage
$954,000
Outstanding Balance
$951,270
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$181,420

Purchase Details

Closed on
Aug 14, 2024
Sold by
Ghahremani Farid
Bought by
Farid G Ghahremani Trust and Ghahremani

Purchase Details

Closed on
May 18, 2006
Sold by
Wong Charles Hon Loy and Wong Eleanor Yuk Bow
Bought by
Ghahremani Farid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2005
Sold by
Wong Charles Hon Loy
Bought by
Wong Charles Hon Loy and Wong Eleanor Yuk Bow
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 Type Sale Price Title Company
Warranty Deed -- Fntic
Deed -- None Listed On Document
Limited Warranty Deed $750,000 Tg
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $954,000 New Conventional
Previous Owner $600,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2025 06/23/25 Sold $1,060,000 -1.4% $833 / Sq Ft
04/24/2025 04/24/25 Price Changed $1,075,000 -15.7% $845 / Sq Ft
01/18/2025 01/18/25 Price Changed $1,275,000 -12.1% $1,002 / Sq Ft
11/15/2024 11/15/24 For Sale $1,450,000 -- $1,140 / 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 $18,878 $1,523,600 $1,441,600 $82,000
2024 $18,878 $1,522,400 $1,441,600 $80,800
2023 $18,858 $1,520,800 $1,441,600 $79,200
2022 $18,793 $1,515,600 $1,441,600 $74,000
2021 $18,842 $1,519,500 $1,441,600 $77,900
2020 $18,857 $1,520,700 $1,441,600 $79,100
2019 $17,730 $1,429,800 $1,349,100 $80,700
2018 $17,172 $1,384,800 $1,305,600 $79,200
2017 $13,552 $1,092,900 $997,700 $95,200
2016 $11,525 $929,400 $833,600 $95,800
2015 $10,753 $867,200 $776,000 $91,200
2014 -- $822,500 $731,700 $90,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Stephen Cipres

    Corcoran Pacific Properties

    (808) 295-5009

    6 in this area

    60 Total Sales

    Stephen Cipres
    Section Image

  • T

    Buyer's Agent in 2025

    Trang Nadeau

    Five Star Realty, Inc.

    (808) 850-3866

    2 in this area

    3 Total Sales

    Trang Nadeau
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202426742

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-3-002-053-0000

Hawaii Honolulu County Honolulu 96816 Diamond Head-Kapahula-Saint Louis

3116 Waialae Ave, Honolulu, HI

Sold

Detached

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