$1,000,000
SOLD FEB 3, 2017

490 Kaiola Place Kihei, HI 96753

9 Beds
6 Baths
58,806 Sq Ft
1.35 Acres

Recently Sold

$17 Per Sq Ft

26% Below List Price

208 Days on Market

About This Home

As of February 2017

Unique opportunity! Large estate in Kihei, This great investment property has three legally permitted homes with an additional 1/2 acre flag lot for further income potential. The flag lot is water metered separately and has an installed septic tank. This wonderful, cleared lot must be seen. It has all easements in place with possible ocean views and unlimited potential. The three homes are currently occupied and generate monthly rental income. Conveniently located in north Kihei with easy access to Kahului and Wailea. A short walk to white sandy beaches, restaurants and shopping. This is a property developers dream with passive income for years to come and possibilities only limited by the imagination.

Last Agent to Sell the Property

Mark Hecht

Berkshire Hathaway Maui Prop-L License #RS-59712 Listed on: 01/20/2016

Last Buyer's Agent

Mark Hecht

Berkshire Hathaway Maui Prop-L License #RS-59712 Listed on: 01/20/2016

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.35 Acre Lot
  • Gentle Sloping Lot

Home Design

Utilities

  • Septic Tank

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Dwelling Res
  • District: Kihei
  • Type: Multi-Dwelling
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Sewer: Septic Tank

Lot Info

  • County Zoning: R-2 Residential
  • Land Acres: 1.35
  • Land Sq Ft: 58806
  • Topography: Gentle Slope

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2020
Sold by
Pacific Capital Group Llc
Bought by
Kai Maha Llc
Current Estimated Value
$2,793,628

Purchase Details

Closed on
Oct 30, 2019
Sold by
Kai Maha Llc
Bought by
Pacific Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2019
Sold by
Pacific Capital Group Llc
Bought by
Kai Maha Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.7%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jan 20, 2016
Closed on
Jan 6, 2017
Sold by
Charbonnier Lucien Jean Jacques
Bought by
Pacific Capital Group Llc
Seller's Agent
Mark Hecht
Berkshire Hathaway Maui Prop-L
Buyer's Agent
Mark Hecht
Berkshire Hathaway Maui Prop-L
List Price
$1,350,000
Sold Price
$1,000,000
Premium/Discount to List
-$350,000
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.42%
Original Mortgage
$900,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2002
Sold by
Makekau Stanley N B and Makekau Stanley
Bought by
Makekau Jeffery N

Purchase Details

Closed on
Aug 19, 2002
Sold by
Robert Esq Gary
Bought by
Charbonnier Lucien Jean Jacques

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,800
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Quit Claim Deed -- Fnt
Warranty Deed -- Fnt
Quit Claim Deed $1,000 Fhtc
Warranty Deed $1,000,000 Fntic
Interfamily Deed Transfer -- --
Commissioners Deed $526,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $800,000 New Conventional
Previous Owner $1,050,000 Future Advance Clause Open End Mortgage
Previous Owner $300,000 Stand Alone Second
Previous Owner $300,000 Stand Alone Second
Previous Owner $1,000,000 Future Advance Clause Open End Mortgage
Previous Owner $900,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $420,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 For Sale $1,999,000 +99.9% --
02/03/2017 02/03/17 Sold $1,000,000 -25.9% $17 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $1,350,000 -- $23 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

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 -- $3,398,900 $3,398,900 --
2024 -- $2,549,200 $2,549,200 --
2023 -- $2,067,700 $2,067,700 --
2022 $1 $1,557,900 $1,557,900 $0
2021 $1 $1,472,900 $1,472,900 $0
2020 $10,744 $1,811,400 $1,472,900 $338,500
2019 $16,869 $1,601,300 $1,274,600 $326,700
2018 $7,901 $1,431,400 $1,076,400 $355,000
2017 $7,898 $0 $0 $0
2016 $7,518 $1,418,400 $1,076,400 $342,000
2015 -- $1,187,200 $878,100 $309,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lawrence Carnicelli

    Hale Anuenue Realty LLC

    (808) 283-6090

    3 in this area

    7 Total Sales

    Section Image

  • M

    Seller's Agent in 2017

    Mark Hecht

    Berkshire Hathaway Maui Prop-L

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 369581

Maui MLS (REALTORS® Association of Maui)

APN: 2-3-9-039-046-0000

Hawaii Maui County Kihei 96753

490 Kaiola Place, Kihei, HI

This home is located at 490 Kaiola Place, Kihei, HI 96753 and is currently priced at $1,000,000, approximately $17 per square foot. 490 Kaiola Place is a home located in Maui County with nearby schools including Kihei Elementary School, Lokelani Intermediate School, and Maui High School.

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