NOT LISTED FOR SALE

37 Makakai Place Unit 2 Hilo, HI 96720

Estimated Value: $1,106,000 - $1,181,000

3 Beds
2.5 Baths
2,596 Sq Ft
$438/Sq Ft Est. Value

Last Sold March 30, 2020

Last sale price $685,000 $264 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,220/month

179 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • High Ceiling
  • Greenhouse
  • Lanai
  • Attached Garage

About This Home

As of March 2020

Alae Point, one of Hilo’s finest and desired residential locations, is a wonderful place to live and call home! This spacious house is situated on a gentle slope that faces the ocean, allowing cool and balmy breezes to pass through the island style home. The circular driveway takes you to the porte-cochere and the entrance to the house, which welcomes you to a spacious living room showcasing a beautiful lava rock fireplace and open space to the kitchen, dining area, entertaining room, and solarium.

The house is a 3-bed / 2 3/4-bath single level structure with a flowing floor plan. A 15’ high vaulted ceiling in the living room, and lots of windows throughout, provide natural lighting. Master bedroom has an ocean view with a very spacious en-suite bathroom. The fully remodeled kitchen features contemporary counter tops, cabinets, and a wet bar that makes this a comfortable and cozy place to enjoy intimate meals and host gatherings.

In the backyard, you will find various fruit trees (mango, banana, & lychee!), a green house, and in-ground swimming pool surrounded by a deck that’s perfect for entertaining or just to relax. Soak up the sun or host parties with an outdoor bathroom and shower open directly to the pool deck. The property is surrounded by mature tall trees to ensure privacy right in your own backyard.

Recent updates and improvements show pride of ownership:
*Remodeled and updated kitchen cabinets and counter tops
*New electric range and oven
*Added kitchen amenities: wine racks, beverage refrigerator, wet-bar
*In-ground swimming pool with new pump and vacuum cleaner
*Replaced Solar hot water heater and panels
*Rock wall along backyard
*22 PV solar panels (owned)

Alae Point subdivision is located walking distance to the popular local surf spot, Honoli’i Beach Park and just minutes’ drive to Downtown Hilo, famous Hilo Farmer’s Market, restaurants and all your shopping needs. A must see to appreciate. Mahalo!

Last Agent to Sell the Property

Peggy Yuan

Lava Rock Realty, LLC Brokerage Phone: 8088958863 License #RB-16692 Listed on: 08/27/2019

Last Buyer's Agent

Reciprocal Agent - Oahu

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,945

Year Built

  • Built in 1970

Lot Details

  • Ocean Front
  • Property fronts a county road
  • Stone Wall
  • Wood Fence
  • Landscaped
  • Level Lot
  • Property is zoned RS-15

Parking

  • Attached Garage

Interior Spaces

  • 2,596 Sq Ft Home
  • 1-Story Property
  • Dry Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Lanai
  • Greenhouse

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cesspool
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Alae Point Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 3260260200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,945

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Stone, Wood
  • Road Frontage Type: HIS Almost Oceanfront
  • ResoLotFeatures: Landscaped
  • ResoSecurityFeatures: None
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: ALAE POINT
  • Reso Interior Features: Dry Bar, Enclosed Lanai, High Ceilings
  • Unit Levels: One
  • Living Area: 2596.0
  • Property Attached Yn: Yes
  • Reso Window Features: Blinds, Drapes
  • Year Built: 1970
  • Tax Year: 2018
  • HIS_PoolYN: Yes
  • Unit Description: Single Family Home
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Other (remarks)
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, DSL, Wireless
  • HIS_Easement: None
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Wine Cooler
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Design: Single Wall

Exterior Features

  • Topography: Fairly Level
  • View: Ocean, Ocean Horizon
  • Pool Features: In Ground, Other
  • Waterfront: No
  • Other Structures: Greenhouse
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Cooling: Wall/Window Unit(s)
  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260260200000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2945.0
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2019
Closed on
Mar 21, 2020
Sold by
Buono Arthur C and Buono Kathy M
Bought by
Kahoohalahala Lynn Crol Humphrey
Seller's Agent
Peggy Yuan
Lava Rock Realty, LLC
Buyer's Agent
Reciprocal Agent - Oahu
List Price
$729,000
Sold Price
$685,000
Premium/Discount to List
-$44,000
-6.04%
Current Estimated Value
$1,137,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,051
Avg. Annual Appreciation
9.25%
Original Mortgage
$485,000
Outstanding Balance
$428,718
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$708,333

Purchase Details

Listed on
Feb 20, 2015
Closed on
Apr 3, 2015
Sold by
Desilva Sarah La Brisa and De Silva Ty
Bought by
Buono Arthur C and Buono Kathy L
Seller's Agent
Jocelyne Twigg-Smith
Corcoran Pacific Properties
Buyer's Agent
Peggy Yuan
Lava Rock Realty, LLC
List Price
$620,000
Sold Price
$600,000
Premium/Discount to List
-$20,000
-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
2.70%

Purchase Details

Closed on
Mar 13, 2012
Sold by
Stepath Sarah La Brisa and De Silva Sarah La Brisa
Bought by
Desilva Sarah La Brisa and Desilva Ty

Purchase Details

Closed on
Nov 16, 2010
Sold by
Cook Danny Lee and Cook Rebecca Lee
Bought by
Stepath Sarah La Brisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2003
Sold by
Watanabe Addison Kent and Watanabe Susan Denise
Bought by
Cook Danny Lee and Cook Rebecca Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2001
Sold by
Alexander Lawrence H and Alexander Margaret A
Bought by
Watanabe Addison Kent and Watanabe Susan Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
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
Kahoohalahala Lynn Crol Humphrey $685,000 Tg
Buono Arthur C $600,000 Tg
Desilva Sarah La Brisa -- None Available
Stepath Sarah La Brisa $510,000 Fam
Cook Danny Lee $365,000 --
Watanabe Addison Kent $311,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kahoohalahala Lynn Crol Humphrey $485,000
Previous Owner Stepath Sarah La Brisa $408,000
Previous Owner Cook Danny Lee $160,000
Previous Owner Watanabe Addison Kent $248,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2024 10/15/24 Off Market $685,000 -- --
06/28/2020 06/28/20 Off Market $685,000 -- --
03/30/2020 03/30/20 Sold $685,000 -6.0% $264 / Sq Ft
02/22/2020 02/22/20 Pending -- -- --
08/27/2019 08/27/19 For Sale $729,000 +21.5% $281 / Sq Ft
04/10/2015 04/10/15 Sold $600,000 -3.2% $231 / Sq Ft View Prior Sale
02/24/2015 02/24/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $620,000 -- $239 / 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 $2,941 $720,300 $221,400 $498,900
2024 $2,941 $699,300 $221,400 $477,900
2023 $2,914 $678,900 $221,400 $457,500
2022 $2,946 $659,100 $221,400 $437,700
2021 $2,951 $639,900 $221,400 $418,500
2020 $2,823 $619,100 $208,800 $410,300
2019 $2,810 $616,900 $198,900 $418,000
2018 $2,945 $598,900 $198,900 $400,000
2017 $2,879 $588,200 $198,900 $389,300
2016 $5,131 $510,500 $214,200 $296,300
2015 $1,973 $488,600 $214,200 $274,400
2014 $1,973 $483,400 $209,000 $274,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 629269

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-026-020-0000