NOT LISTED FOR SALE

3992 Koloa Rd Koloa, HI 96756

Estimated Value: $973,000 - $1,174,000

4 Beds
2 Baths
1,746 Sq Ft
$624/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $849,000 $486 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,211/month

40 Days on Market

About This Home

As of September 2023

Accepting Back up offers
Introducing a fantastic real estate opportunity located between Koloa and Lawai, this property is a gem for both investors and first-time home buyers. The spacious and well-designed home features four bedrooms and two bathrooms, with two separate units that offer privacy and versatility. Each unit boasts two bedrooms and one bathroom, recently renovated to provide a bright and airy living space that exudes modern charm.

Situated in an area of Kauai's South shore, this property is a mere 10-minute drive away from the renowned Poipu Beach, offering convenient access to one of Hawaii's most stunning coastal destinations. Its prime location on Koloa Road ensures easy commuting, proximity to various shopping centers, and quick access to beautiful beaches, making it an ideal choice for those seeking a harmonious balance between work, leisure, and daily essentials.

The property's unique layout and separate units present a range of possibilities. Homeowners can choose to live in one unit while renting out the other, maximizing their investment potential. Alternatively, this property is also ideal for multi-generational families or those seeking a multi-family living situation, with each unit providing individual privacy. Solar electric was added in 2017 to keep electric bills low.

Whether you're an astute investor looking for a lucrative rental property or a first-time homebuyer seeking a versatile and comfortable living space, this property offers the best of both worlds. Its convenient location, bright and airy atmosphere, and the potential for rental income make it an excellent opportunity in the vibrant real estate market of Koloa and Lawai. Don't miss your chance to own this versatile and income-generating property in paradise.

Last Agent to Sell the Property

Lori Benkert

Wai'oli Properties Brokerage Phone: 8082128900 License #RB-22897 Listed on: 06/19/2023

Last Buyer's Agent

Donna Apisa

Hawaii Rentals with Aloha Inc License #RB-12764

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,609

Year Built

  • Built in 1990

Lot Details

  • Property fronts a county road
  • Property fronts an easement
  • Vinyl Fence
  • Level Lot
  • Property is zoned R-4

Parking

  • Unassigned Parking

Interior Spaces

  • 1,746 Sq Ft Home
  • 2-Story Property
  • Electric Cooktop

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • No Heating
  • Cesspool
  • Phone Available
  • Cable TV Available

Community Details

  • Lawai Homesteads Subdivision

Listing and Financial Details

  • Tax Lot 23-B-2
  • Assessor Parcel Number 4260090620000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,609

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Vinyl
  • Attribution Contact: 8082128900
  • Co List Office Phone: 8082128900
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: LAWAI HOMESTEADS
  • Unit Levels: Two
  • Living Area: 1746.0
  • Property Attached Yn: No
  • Year Built: 1990
  • Tax Year: 2022
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: County-Charge
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable
  • HIS_Easement: Ingress/Egress
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Electric Cooktop, Range, Refrigerator
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Flooring: Ceramic Tile, Laminate
  • Total Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Cooling: None
  • Heating: None
  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: R-4
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4260090620000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6608.94
  • Tax Lot: 23-B-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Sep 18, 2023
Sold by
Keeth Gary
Bought by
Hansen Terrin and Hansen Andy
Seller's Agent
Lori Benkert
Wai'oli Properties
Buyer's Agent
Donna Apisa
Hawaii Rentals with Aloha Inc
List Price
$899,000
Sold Price
$849,000
Premium/Discount to List
-$50,000
-5.56%
Views
322
Current Estimated Value
$1,088,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,674
Avg. Annual Appreciation
15.28%
Original Mortgage
$679,200
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2013
Sold by
Keeth Suzanne
Bought by
Keeth Gary

Purchase Details

Closed on
Jan 5, 2001
Sold by
Keeth Real Estate Llc
Bought by
Keeth Gary and Keeth Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,750
Interest Rate
7.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 1999
Sold by
Keeth Gary and Keeth Suzanne
Bought by
Keeth Real Estate Llc
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 Buyer Sale Price Title Company
Hansen Terrin -- Old Republic Title
Keeth Gary -- None Available
Keeth Gary $1,000 --
Keeth Real Estate Llc $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Terrin Lynn $695,000
Closed Hansen Terrin $679,200
Previous Owner Keeth Gary $350,000
Previous Owner Keeth Gary $201,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2023 09/22/23 Sold $849,000 0.0% $486 / Sq Ft
09/09/2023 09/09/23 Off Market $849,000 -- --
07/27/2023 07/27/23 Price Changed $889,000 -1.1% $509 / Sq Ft
06/18/2023 06/18/23 For Sale $899,000 -- $515 / 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 $3,489 $877,100 $533,700 $343,400
2024 $3,489 $825,400 $459,800 $365,600
2023 $8,027 $771,100 $327,800 $443,300
2022 $6,609 $627,100 $0 $0
2021 $6,044 $569,700 $0 $0
2020 $5,894 $554,500 $255,000 $299,500
2019 $5,616 $526,300 $255,000 $271,300
2018 $5,258 $489,900 $255,000 $234,900
2017 $4,715 $483,900 $218,500 $265,400
2016 $4,400 $448,400 $218,500 $229,900
2015 $2,384 $490,000 $0 $0
2014 -- $420,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 702893

Hawaii Information Service (MLS Hawaii)

APN: 4-2-6-009-062-0000