NOT LISTED FOR SALE

48 Kahoa St Hilo, HI 96720

Estimated Value: $1,595,000 - $2,023,000

3 Beds
3 Baths
4,358 Sq Ft
$414/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $1,075,000 $247 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $10,791/month

204 Days on Market

Highlights

  • Ocean View
  • Attached Garage
  • 4-minute walk to Honolii Beach Park
  • In Ground Pool
  • Carpet

About This Home

As of January 2020

DIRECT OCEANFRONT! World class views from almost every spot in this classically elegant oceanfront compound. Located only steps from Honolii surfing and 5 minutes from Hilo, this home enjoys breathtaking views of Hilo breakwater, Hilo Bay as well as Honolii beach break and beyond! The well designed home offers a great floor plan with a ton of custom touches. Enter thru a formal courtyard with access to a large oceanside bonus room on the right and an oversized garage on the left. The bonus room would make a perfect home office, yoga studio, dance studio or man cave. Extensive use of Koa can be found in coffered ceilings and cabinets while custom etched glass accents are best described as stand alone art pieces. A huge great room upstairs opens to an expansive ocean side lanai. With several new appliances and corian counters, even the kitchen also enjoys views across a solarium style breakfast room and a large dining area. Also on the upper level (home is accessed from this level and can be single level living) are two bedrooms and 2 baths. The master suite is accessed thru double etched doors or from one of two private lanai areas. The master bath with extensive use of "rainforest" marble is a true master retreat. The lower level features a large studio (with kitchen) area with direct pool access. This level also features sauna #2 which is located in a room that could be used as bedroom 4. There's also a full bath, bedroom 3 and a laundry area.... but it's the pool, spa, lawn and gazebo that will capture your heart on our steamy tropical days! (Small piece of Bishop Estate land on oceanside so MLS does recognize the property as the oceanfront parcel it really is).

Last Agent to Sell the Property

Denise Nakanishi

Real Broker Brokerage Phone: 8089365100 License #RB-17031 Listed on: 03/04/2019

Last Buyer's Agent

Donna Duryea

COMPASS License #RS-62459

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,703

Year Built

  • Built in 1968

Lot Details

  • Property fronts a county road
  • Vinyl Fence
  • Wire Fence
  • Property is zoned RS-15

Parking

  • Attached Garage

Property Views

  • Ocean
  • Bay

Interior Spaces

  • 4,358 Sq Ft Home
  • Carpet

Kitchen

  • Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • In Ground Pool
  • Cesspool

Community Details

  • Alae Point Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 6
  • Assessor Parcel Number 3260250040000

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,703

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Vinyl, Wire
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: ALAE POINT
  • Living Area: 4358.0
  • Property Attached Yn: No
  • Year Built: 1968
  • Tax Year: 2018
  • HIS_PoolYN: Yes
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Trash Compactor, Washer
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Flooring: Carpet

Exterior Features

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

Garage/Parking

  • Parking Features: Attached

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260250040000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 10703.0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Jan 20, 2020
Sold by
Tollestrup Eric V and Tollestrup Karen S
Bought by
Burns Christian Kaastrup and Burns Mari Aizawa
Seller's Agent
Denise Nakanishi
Real Broker
Buyer's Agent
Donna Duryea
COMPASS
List Price
$1,200,000
Sold Price
$1,075,000
Premium/Discount to List
-$125,000
-10.42%
Current Estimated Value
$1,805,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$730,202
Avg. Annual Appreciation
9.23%
Original Mortgage
$668,000
Outstanding Balance
$591,679
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,213,523

Purchase Details

Closed on
Apr 14, 2016
Sold by
Tollestrup Eric V
Bought by
Tollestrup Eric V and Tollestrup Karen F

Purchase Details

Closed on
Dec 17, 2003
Sold by
Bertiaux Keith Waldon
Bought by
Schlager Tollestrup Eric V and Schlager Tollestrup Karen

Purchase Details

Closed on
Dec 9, 1996
Sold by
Kirby Daniel A
Bought by
Bertiaux Keith Waldon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Burns Christian Kaastrup $1,075,000 Tg
Tollestrup Eric V -- None Available
Schlager Tollestrup Eric V $765,000 --
Bertiaux Keith Waldon $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Christian Kaastrup $668,000
Previous Owner Bertiaux Keith Waldon $506,250
Closed Bertiaux Keith Waldon $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2020 04/23/20 Off Market $1,075,000 -- --
01/24/2020 01/24/20 Sold $1,075,000 -10.4% $247 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $1,200,000 -- $275 / 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 $15,662 $1,475,600 $525,800 $949,800
2024 $15,662 $1,411,000 $500,400 $910,600
2023 $14,453 $1,302,100 $454,900 $847,200
2022 $14,000 $1,261,300 $414,100 $847,200
2021 $12,272 $1,105,600 $399,500 $706,100
2020 $13,047 $1,175,400 $383,300 $792,100
2019 $12,848 $1,157,500 $374,100 $783,400
2018 $10,704 $1,124,300 $374,100 $750,200
2017 $4,089 $824,800 $199,100 $625,700
2016 $3,941 $800,800 $199,100 $601,700
2015 $2,954 $777,500 $199,100 $578,400
2014 $2,954 $754,900 $188,800 $566,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 623215

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-025-004-0000