Seller's Agent in 2020
Deborah Oakley-Melvin
Corcoran Pacific Properties
(808) 931-0103
6 in this area
49 Total Sales
Estimated Value: $1,326,588 - $2,006,000
15
Beds
5
Baths
6,674
Sq Ft
$247/Sq Ft
Est. Value
Highlights
- Ocean View
- Interior Lot
- Level Lot
- Detached Garage
- High Speed Internet
- Grass Covered Lot
About This Home
As of January 2020Nearly an acre of land with ocean views in Hilo's Wainaku, close to downtown. This historic property has potential as a school, a yoga community, or can continue as rentals (long term tenants are now all month to month). Unbeatable location on nearly an acre, six vintage rental units, parking, and an additional fully remodeled warehouse/office space.
Built by a local Hawaiian family in the 1930's, rewiring and remodeling took place in the 1960s and has been ongoing in some units. Others are in need of updates and upgrading. Electrical has been fully upgraded, separate water meters for most units.
Common areas have an ample (new) parking lot, fruit trees, wide lawns, and a common driveway. Street parking exists as well.
Street frontage: historic commercial use - formerly a barber shop, liquor store, and small grocery. Current usage is a completely remodeled construction office and warehouse/storage, a two story rental unit with ocean and mauna views from two upstairs lanais, and an additional two units, one with three bedrooms, the other with two bedrooms. Current zoning is RS-10 (one home per 10,000 square feet)and a SMA.
Features of other structures (not on the street) include:
1) First photo is of the 80% complete new structure on the same footprint of the older structure with unobstructable OCEAN views.
2) Three bedroom home at Hamakua side of the property with front lanai, usable laundry and storage space below.
3) Three bedroom smaller home with additional space below to expand.
4) Two bedroom home and large lanai with expansive ocean views at ocean (Hilo) side of the property.
Please have your realtor provide 48 hours notice to show as there are multiple tenants to coordinate. Seller is motivated and this is truly a one of a kind, kama'aina opportunity. Mahalo for a short notice appointment just to drive in and take a look at the exterior and the interior of the new structure on the property
Last Agent to Sell the Property
Corcoran Pacific Properties Brokerage Phone: 8089310103 License #RB-20631 Listed on: 09/20/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,873
Year Built
- Built in 1926
Lot Details
- Interior Lot
- Level Lot
- Cleared Lot
- Grass Covered Lot
- Property is zoned RS-10
Property Views
- Ocean
- Coastline
- Bay
- Canyon
Interior Spaces
- 6,674 Sq Ft Home
- Carpet
- Range
Bedrooms and Bathrooms
- 15 Bedrooms
- 5 Full Bathrooms
Parking
- Detached Garage
- Unassigned Parking
Utilities
- Cesspool
- High Speed Internet
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Wainaku Halepuna Subdivision
Listing and Financial Details
- Assessor Parcel Number 3260160140000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2019
Closed on
Jan 28, 2020
Sold by
Paaluhi Edwin K
Bought by
Apana Paaluhi Village Llc
Seller's Agent
Deborah Oakley-Melvin
Corcoran Pacific Properties
Buyer's Agent
Patricia Salvador
Patricia Salvador, Broker
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,897
Avg. Annual Appreciation
7.63%
Original Mortgage
$1,000,000
Outstanding Balance
$894,521
Interest Rate
3.7%
Mortgage Type
Unknown
Estimated Equity
$756,376
Purchase Details
Closed on
Oct 13, 2016
Sold by
Paaluhi Edwin K
Bought by
Paaluhi Edwin K and The Edwin K Paaluhi Trust
Purchase Details
Closed on
Jul 16, 2011
Sold by
Paaluhi Edwin K
Bought by
Paaluhi Edwin K and The Edwin K Paaluhi Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Apana Paaluhi Village Llc | $1,100,000 | Tg | |
| Paaluhi Edwin K | -- | None Available | |
| Paaluhi Edwin K | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Apana Paaluhi Village Llc | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2020 05/03/20 | Off Market | $1,100,000 | -- | -- |
| 01/31/2020 01/31/20 | Sold | $1,100,000 | -8.3% | $165 / Sq Ft |
| 11/21/2019 11/21/19 | Pending | -- | -- | -- |
| 09/20/2019 09/20/19 | For Sale | $1,200,000 | -- | $180 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
Tax History Compared to Growth
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 | $14,114 | $1,330,800 | $257,700 | $1,073,100 |
| 2024 | $14,114 | $1,271,500 | $245,400 | $1,026,100 |
| 2023 | $13,188 | $1,188,100 | $233,800 | $954,300 |
| 2022 | $13,188 | $1,188,100 | $233,800 | $954,300 |
| 2021 | $11,227 | $1,011,400 | $212,900 | $798,500 |
| 2020 | $4,721 | $831,100 | $202,100 | $629,000 |
| 2019 | $9,009 | $811,600 | $157,800 | $653,800 |
| 2018 | $7,873 | $709,300 | $153,200 | $556,100 |
| 2017 | $7,703 | $694,000 | $153,200 | $540,800 |
| 2016 | $6,444 | $641,200 | $169,000 | $472,200 |
| 2015 | -- | $683,800 | $249,200 | $434,600 |
| 2014 | -- | $686,800 | $249,200 | $437,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Buyer's Agent in 2020
Patricia Salvador
Patricia Salvador, Broker
(808) 896-0376
1 in this area
8 Total Sales
Map
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 632175
APN: 3-2-6-016-014-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 MLS Hawaii, Inc. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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