$73,000
SOLD MAY 19, 2012

440 Aleka Place Unit 170 Kapaa, HI 96746

Wailua-Kauai Neighborhood
-- Bed
1 Bath
372 Sq Ft
$699/mo HOA Fee

Recently Sold

$196 Per Sq Ft

39% Below List Price

666 Days on Market

Highlights

  • Doorman
  • Ocean View
  • Ground Level Unit
  • Beach Front
  • Heated In Ground Pool
  • Stone Flooring

About This Home

As of March 2013

The Islander on the Beach is located within the Coconut Plantation Marketplace in Kapaa. The Islander on the Beach was a hotel, that has been converted and renovated in 2004 to condominiums, so the rooms are all quite efficient, that means small, at 372 square feet of interior living area for the studio units with no kitchens. There are 198 studio units and only 2 one bedroom units in the development and each has one bath. There are eight three story buildings within the development, with no elevators in any of the buildings. They offer Air conditioning, Internet high speed internet access, Travertine stone flooring, wet bars, wood cabinets, granite counter tops, under cabinet lighting, and onyx tile back splash. An under counter refrigerator-freezer, flat screen TV, mini stereo system, cable TV, electronic safes, electronic doors, air conditioning, open lanai, Hawaiiana artwork and island-style furnishings designed by Wayne Parker, Partners in Design Inc. Building Amenities include Plantation style front lobby with sitting lounge, swimming pool, landscaped outdoor pool deck with quartzite stone flooring, barbeque grills and lounge chairs. Poolside service bar and high speed wireless Internet access adjacent to front lobby. Walking distance to shopping, restaurants, beach. Ten minutes from the Lihue airport, this Oceanfront development Hawaiian Style Resort is set on six acres of oceanfront property with lush landscaped gardens, swimming pool, beach access, and more. Financing is available for this unit with Pacific Rim Bank. The financing will be subject to the normal underwriting guidelines and procedures and to the borrower's creditworthiness. REO Bank Owned Property.

Last Agent to Sell the Property

Mark Tanaka

Kauai Realty, Inc. Brokerage Phone: 8086390367 License #RB-9222 Listed on: 06/25/2010

Last Buyer's Agent

Graeme Merrin

Vacation Realty Hawaii LLC License #RB-22134

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $749

Year Built

  • Built in 1970

Lot Details

  • Beach Front
  • Property fronts a state road

HOA Fees

  • $699 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Double Stud Wall

Interior Spaces

  • 1 Full Bathroom
  • 372 Sq Ft Home
  • Stone Flooring
  • Ocean Views

Pool

  • Heated In Ground Pool

Location

  • Ground Level Unit
  • Interior Unit

Utilities

  • Underground Utilities
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4430020130189

Community Details

Overview

  • Islander On The Beach Community
  • Wailua Beach Subdivision

Amenities

  • Doorman

Property Details

Home Type

Condominium

Est. Annual Taxes

$749

Year Built

Built in 1970

Lot Details

0

HOA Fees

$699 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: Doorman
  • Road Frontage Type: HIS Sandy Beach
  • Attribution Contact: 8086390367
  • Co List Office Phone: 8082451651
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: WAILUA BEACH
  • Living Area: 372.0
  • Property Attached Yn: Yes
  • Year Built: 1970
  • Tax Year: 2011
  • HIS_PoolYN: Yes
  • Unit Description: Ground Unit, Inside Unit
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: County-No Charge
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable, Wireless
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos

Interior Features

  • Full Bathrooms: 1
  • Flooring: Stone
  • Total Bathrooms: 1
  • Design: Double Wall

Exterior Features

  • View: Ocean
  • Pool Features: Heated, In Ground
  • Waterfront: No
  • Roads: County, Paved, State

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Sewer: Other
  • Utilities: Cable Available, Electricity Available, Other, Phone Available, Underground Utilities
  • Water Source: Other

Condo/Co-op/Association

  • Association Fee: 699.0
  • Association Fee Frequency: Monthly
  • Project: ISLANDER ON THE BEACH

Lot Info

  • Zoning: RR-20
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4430020130189
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 749.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2013
Closed on
Feb 28, 2013
Sold by
Olsen Dawn Elaine
Bought by
Schreibman Enid and Enid Schreibman Family Trust
List Price
$95,000
Sold Price
$94,000
Premium/Discount to List
-$1,000
-1.05%
Current Estimated Value
$470,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,270
Avg. Annual Appreciation
13.80%

Purchase Details

Listed on
Jun 25, 2010
Closed on
May 11, 2012
Sold by
Pacific Rim Bank
Bought by
Olsen Dawn Elaine
Seller's Agent
Mark Tanaka
Kauai Realty, Inc.
Buyer's Agent
Graeme Merrin
Vacation Realty Hawaii LLC
List Price
$119,600
Sold Price
$73,000
Premium/Discount to List
-$46,600
-38.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.12%
Original Mortgage
$54,750
Interest Rate
3.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 8, 2010
Sold by
Nishimitsu Lorna A
Bought by
Pacific Rim Bank

Purchase Details

Closed on
Aug 8, 2005
Sold by
Old Island Llc
Bought by
White William Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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 $94,000 Or
Quit Claim Deed $73,000 Tg
Commissioners Deed $139,000 Tg
Limited Warranty Deed $280,000 Tg
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $54,750 Seller Take Back
Previous Owner $196,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2013 03/22/13 Sold $94,000 -1.1% $253 / Sq Ft
02/03/2013 02/03/13 Pending -- -- --
01/29/2013 01/29/13 For Sale $95,000 +30.1% $255 / Sq Ft
05/19/2012 05/19/12 Sold $73,000 -39.0% $196 / Sq Ft
04/21/2012 04/21/12 Pending -- -- --
06/25/2010 06/25/10 For Sale $119,600 -- $322 / 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 $5,188 $484,500 $28,700 $455,800
2024 $5,188 $441,500 $28,700 $412,800
2023 $4,413 $406,700 $28,700 $378,000
2022 $2,820 $259,900 $0 $0
2021 $2,436 $224,500 $0 $0
2020 $2,417 $222,800 $28,700 $194,100
2019 $2,218 $204,400 $0 $204,400
2018 $1,804 $166,300 $0 $166,300
2017 $1,805 $166,400 $0 $166,400
2016 $1,558 $143,600 $0 $143,600
2015 $643 $145,400 $0 $0
2014 $565 $154,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 236327

Hawaii Information Service (MLS Hawaii)

APN: 4-4-3-002-013-0189