$1,049,000
SOLD AUG 23, 2019

4439 Kaloloku Rd Unit B Kapaa, HI 96746

Wailua-Kauai Neighborhood
3 Beds
3 Baths
1,450 Sq Ft
0.35 Acres

Recently Sold

$723 Per Sq Ft

22% Below List Price

296 Days on Market

Highlights

  • Beach Front
  • In Ground Pool
  • High Ceiling
  • Ocean View
  • Wood Flooring
  • Shutters

About This Home

As of November 2022

This licensed vacation rental brought in a staggering Gross revenue of $152,857 for 2018. To date, there is $139,394 worth of Gross revenue generated by this property on the books for 2019. Forward booking revenue is to be credited to the buyer at closing for excellent, immediate income — adding to the already incredible value of this property for the buyer. This centrally located, turn key investment property, is 'grandfathered' in with a vacation rental permit — the County of Kauai does not issue new vacation rental permits — this permit adds considerable value to the property. Moana Kai B enjoys very high occupancy and a tremendous net cash flow.

Conveniently located on Kapaa's Royal Coconut Coast, this 3 bedroom, 3 bath beach house is part of a small 3 unit complex with no shared walls! Moana Kai B looks out over the ocean and the Kapa'a bike path! This property is a must see with amazing ocean views right from the comfortable living rooms, bedrooms and large lanai. The home boasts covered parking and a large, outdoor storage area — perfect for bikes and surfboards or whatever your heart contents! The large covered lanai facing the pool and the ocean is a favorite for guests as it includes a very spacious, private hot tub, an outdoor shower, teak dining set and chaise lounges plus a large barbecue. The cool trade winds across the lanai are a nice bonus! The beach just out front is known locally as "baby beach" as this area is relatively sheltered by a rocky ledge that the waves break on. This is a great opportunity to acquire a beautiful near ocean front Kapa'a home, second home and/or income property at a great price.

See link here for virtual tour of the property: https://my.matterport.com/show/?m=CKcoz76wzpG&brand=0

The information contained herein is reliable but not guaranteed buyer to perform due diligence and independently verify all facts and figures

Tina Funk

Blue Jade Real Estate Brokerage Phone: 8086312332 License #RB-22903 Listed on: 09/28/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,479

Year Built

  • Built in 1990

Lot Details

  • Home fronts a stream
  • Beach Front
  • Property fronts a county road
  • Street terminates at a dead end
  • Vinyl Fence
  • Property is zoned R-20

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • Covered Parking

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Shutters
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Indoor Grill
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Pool

  • In Ground Pool
  • Gunite Pool

Utilities

  • Underground Utilities
  • Septic Tank

Community Details

  • Moana Kai Beach Houses Community
  • Kapaa Town Lots Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4450030010002

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,479

Year Built

Built in 1990

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Vinyl
  • Road Frontage Type: HIS Almost Oceanfront, HIS Rocky Beach, HIS Sandy Beach, Stream/Canal
  • ResoLotFeatures: Dead End
  • Attribution Contact: 8086312332
  • Co List Office Phone: 8088220272
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: KAPAA TOWN LOTS
  • Reso Interior Features: High Ceilings
  • Unit Levels: One
  • Living Area: 1450.0
  • Property Attached Yn: No
  • Reso Window Features: Shutters
  • Year Built: 1990
  • Tax Year: 2018
  • HIS_PoolYN: Yes
  • Unit Description: No Unit Above or Below
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 336
  • HIS_SolidWasteDisposal: County-Charge
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Indoor Grill, Microwave, Range, Refrigerator, Washer, Washer/Dryer Stacked
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Flooring: Ceramic Tile, Hardwood
  • Total Bathrooms: 3

Exterior Features

  • View: HIS Sunrise, Ocean
  • Pool Features: Gunite, In Ground
  • Waterfront: No
  • Roads: County

Garage/Parking

  • Parking Features: Covered

Utilities

  • Cooling: Cash
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Underground Utilities

Condo/Co-op/Association

  • Association Fee: 1000.0
  • Association Fee Frequency: Monthly
  • Project: MOANA KAI BEACH HOUSES

Lot Info

  • Zoning: R-20
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4450030010002
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 8479.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Hebgen Investments Llc
Bought by
Prigge Robert Wallace and Prigge Grace Bannister
Total Days on Market
296
Current Estimated Value
$1,898,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2018
Closed on
Aug 16, 2019
Sold by
Aloha Condos Inc
Bought by
Hebegen Investments Llc and Old Republic Exchange Company
Buyer's Agent
Tina Funk
Blue Jade Real Estate
List Price
$1,349,000
Sold Price
$1,049,000
Premium/Discount to List
-$300,000
-22.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Aug 16, 2006
Sold by
Cook Jeanne Mills
Bought by
Dornfeld James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.7%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Exchange Deed -- Title Guaranty & Escrow Servic
Deed $1,049,000 Tg
Deed $1,200,000 Fhtc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,000 New Conventional
Previous Owner $960,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $1,600,000 0.0% $1,103 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $1,600,000 +52.5% $1,103 / Sq Ft
12/05/2019 12/05/19 Off Market $1,049,000 -- --
08/23/2019 08/23/19 Sold $1,049,000 -22.2% $723 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
09/28/2018 09/28/18 For Sale $1,349,000 -- $930 / 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 $20,627 $1,794,300 -- $1,794,300
2024 $20,627 $1,793,800 -- $1,793,800
2023 $12,907 $1,310,400 $0 $1,310,400
2022 $10,775 $1,093,900 $0 $0
2021 $10,681 $1,084,400 $0 $0
2020 $10,624 $1,078,600 $0 $1,078,600
2019 $9,341 $948,300 $0 $948,300
2018 $8,277 $860,900 $0 $860,900
2017 $8,277 $935,200 $0 $935,200
2016 $7,377 $833,600 $0 $833,600
2015 $3,704 $837,100 $0 $0
2014 $5,582 $670,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 621809

Hawaii Information Service (MLS Hawaii)

APN: 4-4-5-003-001-0002