NOT LISTED FOR SALE

38 W Palai St Hilo, HI 96720

Estimated Value: $515,395 - $584,000

2 Beds
2 Baths
988 Sq Ft
$548/Sq Ft Est. Value

Last Sold July 29, 2019

Last sale price $345,000 $349 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,992/month

35 Days on Market

Highlights

  • High Ceiling
  • Attached Garage
  • Level Lot
  • Waiakea High School Rated A
  • 1-Story Property
  • Vinyl Flooring

About This Home

As of July 2019

This 2 bedroom, 2 bath home is just what you've been looking for. Built in 2016, this gem is located near Andrews Gym, Waiakeawaena School, Puainako Shopping Center, and the Prince Kuhio Mall. With many fine finishes, this home is something you need to see to appreciate. The 2 car attached carport includes enclosed storage and laundry room. The kitchen has beautiful quartz countertops, a stainless steel double sink, custom cabinets which include a spice and baking drawer, a large pantry as well as soft-close drawers and doors. Tongue and groove pine ceilings and high-quality vinyl laminated floors are featured throughout the home. High vaulted ceilings open up the living, dining and kitchen areas. An etched French door leads you from the living room onto the spacious covered deck equipped with two 52" fans. While there, enjoy the cool breeze and view of the cozy back yard. The openness throughout the home is perfect for entertaining. The master bedroom boasts a built-in office desk and modular closet organizer shelves. The master bath has a custom made wooden barn door and walk-in shower designed with floor to ceiling Italian tile. A 6' sliding glass door in the master opens up onto the deck. The guest bath also features a walk-in shower with floor to ceiling Italian tile. The second bedroom is located on the opposite end of the hall from the master, near the guest bath and also comes complete with modular closet organizer shelves.

The home has various local agriculture such as white pineapples, avocado, papaya, Tahitian lime, and Meyer's lemon tree. A puakenikeni tree and a plumeria tree are also located at that corners of the yard.

This is a must-see, don't miss out on this great home!

Last Agent to Sell the Property

Brent Wenner

KW Big Island Brokerage Phone: 8084305522 License #RS-80526 Listed on: 04/11/2019

Co-Listed By

Jade Halama

Hokulani Realty LLC Brokerage Phone: 8084305522 License #RB-23429

Last Buyer's Agent

Misti Tyrin

Iokua Real Estate License #RB-22375

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,255

Year Built

  • Built in 2016

Lot Details

  • Level Lot
  • Cleared Lot
  • Property is zoned RS-10

Parking

  • Attached Garage

Home Design

  • Double Stud Wall

Interior Spaces

  • 988 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Septic Tank

Community Details

  • Waiakea Homestead Houselots Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block C / 702
  • Assessor Parcel Number 3220420550000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,255

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: Cleared
  • Road Frontage Type: Road/Street
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: 1877
  • Co List Office Phone: 8085892040
  • Attribution Contact: 8084305522
  • Co List Office Phone: 8085892040
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: WAIAKEA HOMESTEAD HOUSELOTS
  • Reso Interior Features: High Ceilings
  • Unit Levels: One
  • Living Area: 988.0
  • Property Attached Yn: No
  • ResoPropertyCondition: Updated/Remodeled
  • Year Built: 2016
  • Tax Year: 2018
  • HIS_PoolYN: No
  • Unit Description: Single Family Home
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Flooring: Vinyl
  • Total Bathrooms: 2
  • Design: Double Wall

Exterior Features

  • Topography: Fairly Level
  • Waterfront: No
  • Roads: Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3220420550000

Tax Info

  • Tax Annual Amount: 1255.0
  • Tax Block: 702
  • Tax Lot: C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jul 24, 2019
Sold by
Vares Loki Meleana and Kauhi Tanya Yukiko
Bought by
Dasalla Jarzelle and Ramos Majamay Mahealani
Seller's Agent
Brent Wenner
KW Big Island
Buyer's Agent
Misti Tyrin
Iokua Real Estate
List Price
$374,000
Sold Price
$345,000
Premium/Discount to List
-$29,000
-7.75%
Current Estimated Value
$541,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,349
Avg. Annual Appreciation
7.59%
Original Mortgage
$338,751
Outstanding Balance
$301,400
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$239,949

Purchase Details

Listed on
Dec 11, 2015
Closed on
Jul 25, 2016
Sold by
Sharp Investment Group Llc
Bought by
Vares Loki Meleana and Kauhi Tanya Yukiko
Seller's Agent
Annette Aiona
Iokua Real Estate
Buyer's Agent
Jenni Lee
KW Big Island
List Price
$120,000
Sold Price
$92,500
Premium/Discount to List
-$27,500
-22.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.08%
Original Mortgage
$280,000
Interest Rate
3.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 18, 2014
Closed on
Feb 19, 2014
Sold by
Cho Nobille
Bought by
Sharp Investment Group Llc
Seller's Agent
Renee Hill
Hawaii Life
Buyer's Agent
Renee Hill
Hawaii Life
List Price
$89,000
Sold Price
$80,000
Premium/Discount to List
-$9,000
-10.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$70,000
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2009
Sold by
Cho Nobilee
Bought by
Cho Nobilee
Source: Public Records

Range of Values:

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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
Dasalla Jarzelle $345,000 Fam
Vares Loki Meleana $92,500 Tg
Sharp Investment Group Llc $80,000 Tg
Cho Nobilee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dasalla Jarzelle $338,751
Previous Owner Vares Loki Meleana $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Off Market $345,000 -- --
10/27/2019 10/27/19 Off Market $345,000 -- --
07/29/2019 07/29/19 Sold $345,000 -7.8% $349 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $374,000 +304.3% $379 / Sq Ft
07/29/2016 07/29/16 Sold $92,500 -22.9% $162 / Sq Ft
05/09/2016 05/09/16 Pending -- -- --
12/11/2015 12/11/15 For Sale $120,000 +50.0% $210 / Sq Ft
02/25/2014 02/25/14 Sold $80,000 -10.1% $140 / Sq Ft
01/21/2014 01/21/14 Pending -- -- --
01/18/2014 01/18/14 For Sale $89,000 -- $156 / 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 $1,612 $413,100 $134,300 $278,800
2024 $1,612 $401,100 $134,300 $266,800
2023 $1,608 $389,400 $134,300 $255,100
2022 $1,614 $378,100 $134,300 $243,800
2021 $1,560 $367,100 $134,300 $232,800
2020 $1,538 $362,500 $134,300 $228,200
2019 $1,301 $314,400 $111,000 $203,400
2018 $1,256 $305,200 $101,800 $203,400
2017 $1,213 $296,500 $100,900 $195,600
2016 $922 $91,700 $91,700 $0
2015 $1,246 $108,900 $108,900 $0
2014 $1,246 $135,800 $99,700 $36,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 626885

Hawaii Information Service (MLS Hawaii)

APN: 3-2-2-042-055-0000