$135,000
SOLD MAY 23, 2014

440 Aleka Place Unit 114 Kapaa, HI 96746

Wailua-Kauai Neighborhood
-- Bed
1 Bath
372 Sq Ft
$731/mo HOA Fee

Recently Sold

$363 Per Sq Ft

15% Below List Price

172 Days on Market

Highlights

  • Ocean Front
  • ADA Compliant
  • Carpet
  • In Ground Pool

About This Home

As of August 2021

Aston's Islander on the Beach is an oceanfront complex. These studio units are equipped with one full bathroom, a bar sink, mini-fridge, and armoire. Islander has won Expedia's Best Hotel award! Unit 114 has one of the best rental occupancy rates in the complex! (See attached 84.85% YTD to Oct.)
It is situated on the beach just near the Coconut Marketplace with over 40 shops and restaurants to chose from. Trees Lounge, Kauai's premier live music venue is also just steps away.
One of the most occupied units, #114 is a garden view ADA accessible corner unit very close to parking. See attached rental history and see for yourself why this is the best value at Islander today.
This unit has a garden and slight ocean view.
Islander on the Beach are studio units with bar sink, fridge and microwave area. Onsite amenities include pool, BBQ area, lobby computers w/ internet access, and steps to the beach.
The monthly maintenance fees are currently $731.08 and include basic cable, electric, trash removal, water, exterior maintenance and care, exterior insurance, common area care (pool, landscape, etc).

Last Agent to Sell the Property

JJ Leininger

Hawaii Life License #RB-20438 Listed on: 11/14/2013

Hawaii Life

Last Buyer's Agent

John Friedman

Kauai Aloha Real Estate, Inc. License #RS-57897

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,121

Year Built

  • Built in 1970

Lot Details

  • Ocean Front
  • Property fronts a private road

HOA Fees

  • $731 Monthly HOA Fees

Parking

  • Unassigned Parking

Property Views

  • Ocean
  • Garden

Home Design

  • Double Stud Wall

Interior Spaces

  • 1 Full Bathroom
  • 372 Sq Ft Home
  • Carpet
  • Microwave

Utilities

  • Cooling System Mounted To A Wall/Window
  • Underground Utilities
  • Septic Tank
  • Phone Available
  • Cable TV Available

Additional Features

  • ADA Compliant
  • In Ground Pool

Community Details

  • Islander On The Beach Community
  • Wailua Beach Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 443002013

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,121

Year Built

Built in 1970

Lot Details

0

HOA Fees

$731 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Road Frontage Type: HIS Almost Oceanfront
  • Co List Office Phone: 8087427561
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: WAILUA BEACH
  • Reso Interior Features: ADA Accessible, ADA Compliant
  • Living Area: 372.0
  • Property Attached Yn: Yes
  • Year Built: 1970
  • HIS_PoolYN: Yes
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave
  • Full Bathrooms: 1
  • Flooring: Carpet
  • Total Bathrooms: 1
  • Design: Double Wall

Exterior Features

  • View: Garden, Ocean
  • Pool Features: In Ground
  • Waterfront: No
  • Roads: Private

Garage/Parking

  • Parking Features: Unassigned

Utilities

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

Condo/Co-op/Association

  • Association Fee: 730.65
  • Association Fee Frequency: Monthly
  • Project: ISLANDER ON THE BEACH

Lot Info

  • Zoning: RR-20
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 443002013
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2022
Sold by
Stewart Weiss Brian
Bought by
Brian Stewart Weiss Revocable Trust
Current Estimated Value
$454,597

Purchase Details

Listed on
Aug 19, 2020
Closed on
Aug 20, 2021
Sold by
Rajic Aaron Meir and Dickey Marchelle Lea
Bought by
Weiss Brian Stewart
Seller's Agent
John Friedman
Kauai Aloha Real Estate, Inc.
Buyer's Agent
John Friedman
Kauai Aloha Real Estate, Inc.
List Price
$240,000
Sold Price
$250,000
Premium/Discount to List
$10,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.84%

Purchase Details

Listed on
Nov 14, 2013
Closed on
May 15, 2014
Sold by
Mann Frank Johnson and Mann Deborah Jolley
Bought by
Rajic Aaron Meir
Seller's Agent
JJ Leininger
Hawaii Life
Buyer's Agent
John Friedman
Kauai Aloha Real Estate, Inc.
List Price
$158,000
Sold Price
$135,000
Premium/Discount to List
-$23,000
-14.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%

Purchase Details

Listed on
Nov 14, 2013
Closed on
May 14, 2014
Sold by
Rajic Aaron Meir
Bought by
Rajic Aaron Meir and Dickey Marchelle Lea
Seller's Agent
JJ Leininger
Hawaii Life
Buyer's Agent
John Friedman
Kauai Aloha Real Estate, Inc.
List Price
$158,000
Sold Price
$135,000
Premium/Discount to List
-$23,000
-14.56%

Purchase Details

Closed on
Aug 17, 2011
Sold by
Pacific Rim Bank
Bought by
Mann Frank Johnson and Mann Deborah Jolley

Purchase Details

Closed on
Jun 15, 2005
Sold by
Old Island Llc
Bought by
Core Patrick John and Core Heather Paige

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,250
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Deed -- Robert Y Nakamoto Jr Lllc
Deed -- Robert Y Nakamoto Jr Lllc
Deed $250,000 Fntic
Deed $135,000 Or
Interfamily Deed Transfer -- Accommodation
Deed $70,000 None Available
Limited Warranty Deed $227,500 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Commercial
Previous Owner $159,250 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Off Market $250,000 -- --
08/26/2021 08/26/21 Sold $250,000 +4.2% $672 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
08/19/2020 08/19/20 For Sale $240,000 +77.8% $645 / Sq Ft
05/23/2014 05/23/14 Sold $135,000 -14.6% $363 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $158,000 -- $425 / 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 $5,121 $480,900 $28,700 $452,200
2024 $5,121 $435,800 $28,700 $407,100
2023 $3,837 $353,600 $28,700 $324,900
2022 $2,839 $261,700 $0 $0
2021 $2,337 $215,400 $0 $0
2020 $2,350 $216,600 $28,700 $187,900
2019 $1,656 $152,600 $0 $152,600
2018 $1,658 $165,300 $0 $165,300
2017 $1,658 $152,800 $0 $152,800
2016 $1,558 $143,600 $0 $143,600
2015 $627 $141,700 $0 $0
2014 $537 $148,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 268288

Hawaii Information Service (MLS Hawaii)

APN: 4-4-3-002-013-0012