NOT LISTED FOR SALE

487 Akolea Rd Hilo, HI 96720

Estimated Value: $191,939 - $263,000

0.5 Acre
$454,940 Price per Acre
21,780 Sq Ft Lot

Last Sold April 21, 2022

Last sale price $175,000

Est. 30% increase in value since last sale

Current estimated payment $1,379/month

303 Days on Market

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%
Total Days on Market
303
Current Estimated Value
$227,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,470
Avg. Annual Appreciation
6.85%

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

Similar Properties in Hilo, HI

  • 15-1057 Amau Rd, Hilo, HI 96720

    $170,000

    • Land
    • 0.5 Acre
    • $340,000 per Acre
    • 15-1057 Amau Rd
    • Hilo, HI

    Listing photo's do not represent current condition of property or tiny home. Property is no longer furnished. Currently no power or water to structure. Just under a half acre in lower HPP at Kaloli point. Potential opportunity for buyer to return this tiny home on trailer to it's former glory.

    Tara Baker Salt Water Real Estate LLC

    Section Image
  • 0 W Kawailani St, Hilo, HI 96720

    $260,000

    • Land
    • 0.44 Acre
    • $590,909 per Acre
    • 0 W Kawailani St
    • Hilo, HI

    Beautiful lot with lovely Mauna Kea and Mauna Loa Mountain views and peek-a-boo ocean views too. Recently cleared grassy property ready to build your dream home on it! Large 19,193 sq. ft. of fee simple property. Water meter installed. Excellent location close to schools, shopping, dinning & etc. No staking or survey by sellers.

    Lance Miyasato Century 21 Homefinders of Hawaii

    Section Image
  • 1415 Peni Place, Hilo, HI 96720

    $230,000

    • Land
    • 0.39 Acre
    • $589,744 per Acre
    • 1415 Peni Place
    • Hilo, HI

    Embrace the ease of everyday living with this conveniently located property. This property is generous in size, has utilities available and just moments away from shopping, dining, schools and everyday amenities. It has been previously cleared and graded, it provides the perfect balance of convenience and tranquility.

    Crislyn Hashimoto Coldwell Banker Island Properties - Hilo

    Section Image
  • 315 Kanoelani St, Hilo, HI 96720

    $244,900

    • Land
    • 0.43 Acre
    • $569,535 per Acre
    • 315 Kanoelani St
    • Hilo, HI

    "MOTIVATED SELLER" Nicely manicured grassy flag lot in Hilo with a designated water meter, ready for your building plans. Conveniently & centrally located to schools, shopping, churches, medical services and more.Please refer to attached subdivision map (via paper clip icon) for viewing property and keep to far left of property as possible (near sign).

    Linda Kaeo Iokua Real Estate, Inc. - Hilo

    Section Image

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 $70,000
Previous Owner Blackwell Jonathan S $74,400
Previous Owner Blackwell Jonathan S $79,000
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

  • Section Image
  • 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