NOT LISTED FOR SALE

Kalama Terrace 35 Walaka St Unit P310 Kihei, HI 96753

Estimated Value: $572,000 - $597,400

2 Beds
1 Bath
685 Sq Ft
1.45 Acres Lot

Sale Details

Date Sold: August 16, 2021

Last sale price $530,000 $774 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,845 / mo

16 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • No Heating
  • 1.45 Acre Lot
  • Vinyl Flooring

About This Home

As of August 2021

Popular Vacation Rental near Kihei's best beaches! This highly sought after 2 bedroom, 1 bath corner unit at Kalama Terrace is close to Charley Young, Kamaole One, and The Cove beach parks. Located on the top floor, you'll enjoy ocean, Lanai and West Maui Mountain views. This updated vacation rental is fully furnished and has a strong occupancy and rental history. One of only 10 two-bedroom units in the property, this condo reflects renovations and meticulous maintenance by the owners. Granite kitchen countertops, new appliances and beautiful wood-looking flooring. Cook with a gas stove! Bathroom remodel included new cabinets, sink and tile floors. The pool and bbq areas were recently updated and the property is well maintained. One assigned parking stall. Maintenance fees include electric, propane, and exterior insurance and maintenance on the common area. Great reviews and rental history on VRBO/482449. Only two blocks to the South Maui's best beaches and all the amenities.

Last Agent to Sell the Property

Jeanne Dunn

Corcoran Pacific Properties License #RS-74804 Listed on: 05/31/2021

Corcoran Pacific Properties

Last Buyer's Agent

Paul Dunn

eXp Realty License #RS-49191

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • 1.45

Interior Spaces

  • 685 Sq Ft Home
  • Vinyl Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Pool

Schools

  • Kamalii Elementary School
  • Lokelani Intermediate
  • Maui High School

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 2390160270060
  • $48 per year additional tax assessments

Community Details

Overview

  • Low-Rise Community
  • Kalama Terrace Community
  • Kalama Terrace Subdivision

Pet Policy

  • Pets Allowed

Recreation

  • In Ground Pool

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

1.45 Acres

Listing Details

  • View: Mountain/Ocean
  • Year Built: 1972
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • PoolFeatures: In Ground
  • Subdivision Name: Kalama Terrace
  • Carport Y N: No
  • Garage Yn: No
  • LivingArea: 685
  • Property Attached Yn: Yes
  • Structure Type: Low-Rise 1-3 Stories
  • LandTenure: Fee Simple
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Total Bedrooms: 2

Exterior Features

  • Acres: 1.45
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • HeatingYN: No
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Kamalii Elementary
  • High School: Maui High
  • Middle Or Junior School: Lokelani Intermediate

Lot Info

  • Lot Size Sq Ft: 63162
  • ResoLotSizeUnits: Acres
  • Parcel #: 2390160270060
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes
  • Lease Term: Short Term Lease

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Other Annual Assessment Amount: 48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2021
Closed on
Aug 11, 2021
Sold by
Haase Charles Earl and Haase Linda See
Bought by
Murli Parameshwaran
Seller's Agent
Jeanne Dunn
Corcoran Pacific Properties
Buyer's Agent
Paul Dunn
eXp Realty
List Price
$535,000
Sold Price
$530,000
Premium/Discount to List
-$5,000
-0.93%
Current Estimated Value
$589,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,600
Avg. Annual Appreciation
2.30%
Original Mortgage
$371,000
Outstanding Balance
$337,354
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$252,246

Purchase Details

Closed on
Feb 3, 2005
Sold by
Baiot Rose L
Bought by
Adams Gary and Adams Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 14, 2004
Sold by
Tack Steven N
Bought by
Baiot Rose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Murli Parameshwaran $530,000 Fntic
Adams Gary $305,000 --
Baiot Rose L $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murli Parameshwaran $371,000
Previous Owner Adams Gary $270,000
Previous Owner Baiot Rose L $156,000
Closed Baiot Rose L $19,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2021 08/16/21 Sold $530,000 -0.9% $774 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/30/2021 05/30/21 For Sale $535,000 +142.1% $781 / Sq Ft
11/16/2012 11/16/12 Sold $221,000 -25.1% $323 / Sq Ft View Prior Sale
08/10/2012 08/10/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $295,000 -- $431 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

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 $8,895 $721,200 $78,400 $642,800
2024 $8,895 $711,600 $74,700 $636,900
2023 $7,323 $618,000 $74,700 $543,300
2022 $5,650 $476,800 $60,700 $416,100
2021 $4,445 $400,100 $60,700 $339,400
2020 $4,608 $415,900 $67,200 $348,700
2019 $4,160 $387,000 $67,200 $319,800
2018 $2,881 $310,500 $65,300 $245,200
2017 $2,021 $0 $0 $0
2016 $177 $294,400 $51,300 $243,100
2015 $1,454 $295,500 $51,300 $244,200
Source: Public Records

Agents Affiliated with this Home

  • Jeanne Dunn

    Seller's Agent in 2021

    Jeanne Dunn

    Corcoran Pacific Properties

    (808) 283-0571

    17 in this area

    30 Total Sales

    Jeanne Dunn
    Section Image

  • P

    Buyer's Agent in 2021

    Paul Dunn

    eXp Realty

  • S

    Seller's Agent in 2012

    Scott Berry

    Berry Realty Group

  • Kevin Spaise

    Buyer's Agent in 2012

    Kevin Spaise

    Keller Williams Realty Maui-Ki

    (808) 344-0624

    36 in this area

    44 Total Sales

    Kevin Spaise
    Section Image
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About Kalama Terrace

Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 391711

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-016-027-0060

Hawaii Maui County Kihei 96753

35 Walaka St Unit P310, Kihei, HI

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