NOT LISTED FOR SALE

48 N School St Honolulu, HI 96817

Liliha-Kapālama Neighborhood

Estimated Value: $2,018,000 - $2,677,000

4 Beds
1 Bath
7,061 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 28, 2015

Last sale price $1,720,000 $244 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $14,575/month

257 Days on Market

Highlights

  • Tandem Parking
  • Level Lot
  • 3-minute walk to Lili'uokalani Botanical Garden
  • Views
  • 1-Story Property

About This Home

As of September 2015

3 structures on one lot. 3 bedroom house with 2 studio rooms below w/bath. Wooden 4-plex. Hollow tile-4 plex-singled loaded with walkway, stairs and lanais. Needs TLC: Income & Expense Estimated. Great location for someone wanting a great project. Great Location. Great Potential. A Diamond in the rough. Seller reserves the right to do a 1031 Exchange but uncertain at this time. Survey is available. Do not disturb the tenants. Do not enter the property without Listing Agent. Addresses are 48-50 and 52 North School street. Try Google Earth for view. Corner lot by a lane.

Last Agent to Sell the Property

Bryn James

Bryn James License #RB-14950 Listed on: 12/15/2014

Last Buyer's Agent

Leonard Jaffe

Drop - 2020 License #RB-15480

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,328

Year Built

  • Built in 1955

Lot Details

  • 7,857 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Asphalt Roof

Interior Spaces

  • 7,061 Sq Ft Home
  • 1-Story Property
  • Laundry in unit
  • Property Views

Parking

  • 14 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Open Parking

Schools

  • Royal Elementary School
  • Washington Middle School
  • Mckinley High School

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1-1-7-009-047-0000

Community Details

Overview

  • 11 Units
  • Nuuanu Lower Subdivision

Building Details

  • Operating Expense $30,000
  • Net Operating Income $73,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,328

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Architectural Style: Fourplex
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1955
  • CommunityFeatures: None
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: NUUANU-LOWER
  • Unit Levels: One, Two, Three Or More
  • Roof: Asphalt, Other, Shingle, Tar/Gravel
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 1

Exterior Features

  • Construction Type: Hollow Tile, Concrete, Single Wall, Wood Frame
  • Lot Features: Corner Lot, Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: Other
  • View: Yes
  • Disclosures: Call Agent

Garage/Parking

  • Parking Features: Covered, Open, Tandem
  • Total Parking Spaces: 14.0
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Schools

  • Elementary School: Royal
  • High School: Mckinley
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-1-7-009-047-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 11
  • Net Operating Income: 73000.0
  • Annual Operating Expense: 30000.0
  • Tenant Pays: Electricity, None
  • Total Actual Rent: 8600.0

Tax Info

  • Tax Annual Amount: 5328.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2022
Sold by
Leonard A Jaffe Revocable Trust
Bought by
Hana Assets Management Corporation
Current Estimated Value
$2,566,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,968,750
Outstanding Balance
$1,845,417
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$653,628

Purchase Details

Listed on
Dec 15, 2014
Closed on
Sep 21, 2015
Sold by
Fujisaka Milton Shigemi
Bought by
Jaffe Leonard A
Seller's Agent
Bryn James
Bryn James
Buyer's Agent
Leonard Jaffe
Drop - 2020
List Price
$2,500,000
Sold Price
$1,720,000
Premium/Discount to List
-$780,000
-31.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$1,290,000
Interest Rate
3.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 3, 2006
Sold by
Yeesc Llc
Bought by
Fujisaka Milton Shigemi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 28, 1997
Sold by
Yee John Ngai Fung and Yee Ngai Ming
Bought by
Yeesc Llc

Purchase Details

Closed on
Nov 11, 1997
Sold by
Yee James Ngai Hung
Bought by
Yeesc Llc

Purchase Details

Closed on
Aug 16, 1995
Sold by
Li Ruo Yu and Ruan Su Ling
Bought by
Ruan Su Ling
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hana Assets Management Corporation $2,625,000 Old Republic Title
Hana Assets Management Corporation $2,625,000 Old Republic Title
Jaffe Leonard A $1,720,000 Fidelity Natl Title & Escrow
Jaffe Leonard A $1,720,000 Fidelity Natl Title & Escrow
Fujisaka Milton Shigemi $1,350,000 Stewart Title
Yeesc Llc $259,500 --
Yeesc Llc $352,500 --
Ruan Su Ling -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hana Assets Management Corporation $1,968,750
Closed Hana Assets Management Corporation $1,968,750
Previous Owner Jaffe Leonard A $1,290,000
Previous Owner Fujisaka Milton Shigemi $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2015 09/28/15 Sold $1,720,000 -31.2% $244 / Sq Ft
08/29/2015 08/29/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $2,500,000 -- $354 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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 $6,281 $1,803,300 $1,321,400 $481,900
2024 $6,281 $1,794,700 $1,321,400 $473,300
2023 $6,263 $1,789,500 $1,321,400 $468,100
2022 $5,645 $1,612,900 $1,285,700 $327,200
2021 $5,688 $1,625,000 $1,285,700 $339,300
2020 $6,268 $1,790,800 $1,428,600 $362,200
2019 $5,123 $1,654,200 $1,285,700 $368,500
2018 $5,123 $1,463,700 $1,107,100 $356,600
2017 $5,096 $1,456,100 $1,107,100 $349,000
2016 $5,489 $1,568,400 $1,217,800 $350,600
2015 $5,175 $1,478,600 $1,100,000 $378,600
2014 -- $1,521,000 $1,139,300 $381,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bryn James

    Bryn James

    (808) 524-7707

    9 Total Sales

    Section Image

  • L

    Buyer's Agent in 2015

    Leonard Jaffe

    Drop - 2020

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201423117

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-7-009-047-0000

Hawaii Honolulu County Honolulu 96817 Liliha-Kapālama

48 N School St, Honolulu, HI

This home is located at 48 N School St, Honolulu, HI 96817 since 15 December 2014 and is currently estimated at $2,440,514, approximately $345 per square foot. This property was built in 1955. 48 N School St is a home located in Honolulu County with nearby schools including Kauluwela Elementary School, Prince David Kawananakoa Middle School, and President William McKinley High School.

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.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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