NOT LISTED FOR SALE

487 Akolea Rd Hilo, HI 96720

Estimated Value: $204,000 - $205,531

0.5 Acre
$409,532 Price per Acre
21,780 Sq Ft Lot

Last Sold April 21, 2022

Last sale price $175,000

Est. 17% increase in value since last sale

Current estimated payment $1,257/month

303 Days on Market

Highlights

  • Wooded Lot
  • Ka'umana Elementary School Rated 9+
  • Lot Has A Rolling Slope

About This Lot

As of April 2022

Great Location on this half acre of forested land, located on Akolea Road between Kaumana Dr and Waianuenue Av, just above Hilo town. There is a possible ocean view from 2nd story. Backs up to large acreage. Comfortable elevation. Dir: Lot is located on the mauka side of the road, across from the home at 486 Akolea Rd.

MLS listing information and Public Records are thought to be reliable but cannot be guaranteed. State Flood maps is showing a section at the back as flood zone A (No Base Flood Elevation determined), while most of the property is showing located in Zone X (Areas determined to be outside the 0.2% annual chance floodplain). Buyers should verify any information they deem important or material to their purchase.

Last Agent to Sell the Property

Kevin Lewis

Coldwell Banker Island Properties - Hilo Brokerage Phone: 8088954956 License #RB-18141 Listed on: 05/23/2021

Last Buyer's Agent

Hank Correa

Better Homes and Gardens Real Estate Hank Correa Realty License #RB-16506

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,498

Lot Details

  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned A-1A

Utilities

  • Sewer Not Available

Community Details

  • Ponahawai Kaumana Homesteads Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 3250470250000

Property Details

Property Type

Land

Est. Annual Taxes

$1,498

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub-Type: HIS Vacant Land
  • ResoLotFeatures: Wooded
  • Attribution Contact: 8088954956
  • Co List Office Phone: 8089697863
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: PONAHAWAI - KAUMANA HOMESTEADS
  • Tax Year: 2021
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Topography: Gentle Slope,Rolling Terrain
  • Waterfront: No
  • Roads: Paved

Utilities

  • Cooling: Cash
  • Sewer: None
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-1A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3250470250000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1498.5
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2021
Closed on
Apr 18, 2022
Sold by
Blackwell Jonathan S and Blackwell Steven L
Bought by
Hino Jonathan and Hino Kitty
Seller's Agent
Kevin Lewis
Coldwell Banker Island Properties - Hilo
Buyer's Agent
Hank Correa
Better Homes and Gardens Real Estate Hank Correa Realty
List Price
$179,000
Sold Price
$175,000
Premium/Discount to List
-$4,000
-2.23%
Current Estimated Value
$204,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,766
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Jul 22, 2004
Sold by
Terada Loraine Y
Bought by
Blackwell Jonathan S and Blackwell Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
6.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 11, 1994
Sold by
Terada Henry M and Terada Loraine Y
Bought by
Terada Loraine Y and The Loraine Yumi Terada Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hino Jonathan $175,000 Title Guaranty & Escrow Servic
Hino Jonathan $175,000 Title Guaranty & Escrow Servic
Blackwell Jonathan S $99,000 --
Terada Loraine Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackwell Jonathan S $79,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Off Market $175,000 -- --
04/21/2022 04/21/22 Sold $175,000 -2.2% --
03/22/2022 03/22/22 Pending -- -- --
05/23/2021 05/23/21 For Sale $179,000 -- --
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 $2,051 $184,800 $184,800 --
2024 $2,051 $184,800 $184,800 --
2023 $1,865 $168,000 $168,000 $0
2022 $1,665 $150,000 $150,000 $0
2021 $1,499 $135,000 $135,000 $0
2020 $1,499 $135,000 $135,000 $0
2019 $1,499 $135,000 $135,000 $0
2018 $1,262 $135,000 $135,000 $0
2017 $1,262 $135,000 $135,000 $0
2016 $1,203 $130,000 $130,000 $0
2015 -- $115,000 $115,000 $0
2014 -- $115,000 $115,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Lewis

    Seller's Agent in 2022

    Kevin Lewis

    Coldwell Banker Island Properties - Hilo

    (808) 895-4956

    20 in this area

    146 Total Sales

    Kevin Lewis
    Section Image

  • H

    Buyer's Agent in 2022

    Hank Correa

    Better Homes and Gardens Real Estate Hank Correa Realty

    (877) 500-4265

    44 in this area

    130 Total Sales

    Hank Correa
    Section Image
See All Agents

Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 648756

Hawaii Information Service (MLS Hawaii)

APN: 3-2-5-047-025-0000

Hawaii Hawaii County Hilo 96720

487 Akolea Rd, Hilo, HI

This home is located at 487 Akolea Rd, Hilo, HI 96720 since 23 May 2021 and is currently estimated at $204,766. 487 Akolea Rd is a home located in Hawaii County with nearby schools including Ka'umana Elementary School, Hilo Intermediate School, and Hilo 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.

Hawaii Information Service (MLS Hawaii) 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.

Nearby Homes