$375,000
SOLD JUL 17, 2019

Kalama Terrace 35 Walaka St Unit P202 Kihei, HI 96753

1 Bed
1 Bath
63,162 Sq Ft
1.45 Acres

Recently Sold

$6 Per Sq Ft

16% Below List Price

161 Days on Market

Highlights

  • In Ground Pool
  • 1.45 Acre Lot
  • Storage
  • Property is near an ocean
  • Mountain View
  • Outdoor Grill

About This Home

As of February 2023

Unit P-202 is a thriving Maui business with a uniquely modern design! Kalama Terrace P-202 grossed approximately $52,000 for 2018 (not including taxes). Featured on HGTV! Compare unit comps only to other HIGHLY VALUABLE complexes with a short term vacation rentable permit in place. Ceiling to floor remodel completed in 2016! New kitchen welcomes a creative chef with a classy white Italian themed tile wall, open shelving, new cabinetry, and all new appliances were installed. Custom acid stained concrete flooring adds to the dramatic feel of your private oasis. Freshly painted and furnished to set the vacation mood of enjoyment and leisure, this unit is unique! This golden investment opportunity awaits you, make the call to action. Two years documented profitability available upon request. P-202 comes turnkey, furnished, and has private AC. Current Property Management would love to stay aboard; per owner a high standard of excellence is provided for fair exchange. Amenities include a refreshing pool, BBQ and private parking stall. HOA includes electric, gas, trash, common area maintenance. Walk across the street and enjoy sun, surf, swim, paddle, snorkel, and breathtaking sunsets with sandy toes right from the Cove! Life is good... View the Matterport 3D Tour! Call your favorite HI agent and see you soon!

Last Agent to Sell the Property

Amber Lee

Hawaii Life (W) License #RS-77996 Listed on: 12/21/2018

Hawaii Life (W)

Last Buyer's Agent

Daniel Gonzalez

Island Sotheby's International Realty(L) License #RS-80001

Island Sotheby's International Realty(L)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,911

Year Built

  • Built in 1972

Parking

  • 1 Carport Space

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • Storage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • In Ground Pool
  • Property is near an ocean
  • Outdoor Grill

Utilities

  • Phone Available

Community Details

  • Kalama Terrace Community
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,911

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Condominium
  • District: Kihei
  • Other Features: Bar-B-Que, Extra Storage, Community Laundry
  • Type: Condo
  • View: Mountain
  • Unit: P-202
  • Unit Configuration: Attached (3 Or More Units In Building)
  • Year Built: 1972
  • Year Renovated: 2016
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Bathrooms: 1
  • Bedrooms: 1
  • Living Area Sq Ft: 514
  • Floor Level: 2

Exterior Features

  • Pool: Yes
  • Waterfront: Across Street From Ocean
  • Pool Type: In-Ground

Garage/Parking

  • Carport: Yes
  • Number of Carport Spaces: 1

Utilities

  • Sewer: Sewer County
  • Utilities To Site: County Water, Overhead Electricity, Telephone

Condo/Co-op/Association

  • Complex Name: Kalama Terrace
  • Monthly Maintenance Fee: 476

Lot Info

  • County Zoning: A-1 Apartment District
  • Land Acres: 1.45
  • Land Sq Ft: 63162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Feb 21, 2023
Sold by
Hoogendam Nicholas Brice and Hoogendam Brandi Nicole
Bought by
Bovee Family Trust
Seller's Agent
Daniel Gonzalez
Island Sotheby's International Realty(L)
Buyer's Agent
Kauai MLS
Kauai Board of Realtors
List Price
$595,000
Sold Price
$600,000
Premium/Discount to List
$5,000
0.84%
Current Estimated Value
$554,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,429
Avg. Annual Appreciation
-1.89%

Purchase Details

Listed on
Dec 21, 2018
Closed on
Jul 11, 2019
Sold by
Light Martina
Bought by
Hoogendam Nicholas Brice and Hoogendam Brandi Nicole Mcvay
Seller's Agent
Amber Lee
Hawaii Life (W)
Buyer's Agent
Daniel Gonzalez
Island Sotheby's International Realty(L)
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$318,750
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2014
Sold by
Lawrence Steven Richard
Bought by
Light Martina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2002
Sold by
Rengstorff B Marie
Bought by
Lawrence Steven Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,700
Interest Rate
6.84%

Purchase Details

Closed on
Oct 4, 2000
Sold by
Mcinerny Frances Lynn
Bought by
Rengstorff B Marie
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
Deed -- Title Guaranty & Escrow Servic
Deed $375,000 Tg
Warranty Deed $225,000 Or
Deed $81,000 --
Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $318,750 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $56,700 No Value Available
Closed $24,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $600,000 +0.8% $9 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $595,000 +58.7% $9 / Sq Ft
07/17/2019 07/17/19 Sold $375,000 -12.8% $6 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
04/22/2019 04/22/19 Price Changed $430,000 -2.1% $7 / Sq Ft
04/02/2019 04/02/19 Price Changed $439,000 -1.2% $7 / Sq Ft
02/22/2019 02/22/19 Price Changed $444,500 -1.0% $7 / Sq Ft
12/21/2018 12/21/18 For Sale $449,000 +99.6% $7 / Sq Ft
06/09/2016 06/09/16 Sold $225,000 -5.9% $4 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $239,000 -- $4 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

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 $6,911 $626,800 $61,700 $565,100
2024 $6,911 $552,900 $58,800 $494,100
2023 $5,733 $483,800 $58,800 $425,000
2022 $4,107 $346,600 $47,800 $298,800
2021 $3,775 $339,800 $47,800 $292,000
2020 $3,658 $330,100 $52,900 $277,200
2019 $3,067 $285,300 $52,900 $232,400
2018 $2,303 $248,200 $51,400 $196,800
2017 $2,356 $0 $0 $0
2016 $157 $262,300 $40,400 $221,900
2015 $759 $239,500 $40,400 $199,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 381094

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-016-027-0041