NOT LISTED FOR SALE

5 Palm Place Lahaina, HI 96761

Estimated Value: $1,709,217 - $2,032,000

3 Beds
4 Baths
2,037 Sq Ft
$919/Sq Ft Est. Value

Sale Details

Date Sold: February 6, 2013

Last sale price $925,000 $454 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $10,732 / mo

128 Days on Market

Highlights

  • Ocean View
  • Furnished
  • Accessible Doors
  • Lanai
  • Home Security System
  • Accessible Hallway

About This Home

As of February 2013

This Custom Builder’s home in Kahana Ridge is the newest single level 3 bedroom, 3.5 bath with ocean and island views. It boasts a great room, kitchen with granite countertops, high end appliances, and natural wood cabinetry. Floors are tumbled travertine throughout with carpeted bedrooms. All bathrooms feature antique vanities, custom sinks with Kohler fixtures, and natural stone tiles. In house laundry room and 2 car garage complete with storage cabinets. Special features include: Central A/C, Venetian plastering accents, LED lighting, electric blinds, surround sound system in great room, retrofitted smart wiring for multiple uses via the internet, security video system, and double insulation(R-30). Offered move-in ready complete with art and furniture from Maui’s own Lattitudes Interior Design and Home Furnishings. Seller has application w/ Maui Electric for Photovoltaic system offered to be installed by the builder at closing and may benefit Buyer tax credits.

Last Agent to Sell the Property

Roger Torres

Keller Williams Realty Maui-Ka License #RB-14999 Listed on: 08/13/2012

Co-Listed By

Lori Powers

Island Sotheby's International Realty(L) License #RB-23242

Last Buyer's Agent

Robbie Dein

Maui Real Estate Advisors LLC License #RB-18398

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,576

Year Built

  • Built in 2010

Lot Details

  • 6,351 Sq Ft Lot
  • Gentle Sloping Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • HardiePlank Siding

Interior Spaces

  • 2,037 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Stone Flooring
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Hallway
  • Accessible Doors

Outdoor Features

  • Lanai

Utilities

  • Central Air
  • No Heating
  • Underground Utilities
  • Cable TV Available

Community Details

  • Kahana Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2430210470000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,576

Year Built

Built in 2010

Lot Details

6,351 Sq Ft Lot

Parking

2

Listing Details

  • View: Ocean
  • Year Built: 2010
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • SecurityFeatures: Security System, Smoke/Heat Detector
  • Co List Office Mls Id: 8643
  • Co List Office Phone: 808-875-7000
  • Subdivision Name: Kahana Ridge
  • Accessibility Features: 1 Level, Accessible Doors, Accessible Hallway(s)
  • Fireplace: No
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Furnished, Inventory, TV Cable
  • Unit Levels: One
  • LivingArea: 2037
  • Roof: Asphalt/Comp Shingle
  • WindowFeatures: Blinds
  • Tax Year: 2012
  • Master Plan Zoning: R-1
  • Financial Info Electric: Underground
  • LandTenure: Fee Simple
  • Special Features: VirtualTour

Interior Features

  • Flooring: Stone/Concrete
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3

Exterior Features

  • Acres: 0.1458
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Inactive Licensed Owner
  • Home Warranty: No
  • Construction Type: Hardie Panel Siding, Wood Frame
  • Exterior Features: Lawn Sprinkler
  • Foundation Details: Concrete Slab
  • Patio And Porch Features: Covered Lanai/Deck

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Garage Door Opener

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • HeatingYN: No
  • Utilities: Phone Connected, Cable Connected
  • Water Source: Public, County Water Meter Ins

Lot Info

  • Topography: Gentle Slope
  • Lot Size Sq Ft: 6351
  • ResoLotSizeUnits: Acres
  • Parcel #: 2430210470000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Building Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2012
Closed on
Jan 28, 2013
Sold by
Willison Steven D
Bought by
Frank John and Frank Nichols Family Trust
Seller's Agent
Roger Torres
Keller Williams Realty Maui-Ka
Buyer's Agent
Robbie Dein
Maui Real Estate Advisors LLC
List Price
$989,000
Sold Price
$925,000
Premium/Discount to List
-$64,000
-6.47%
Current Estimated Value
$1,872,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$947,054
Avg. Annual Appreciation
5.48%
Original Mortgage
$693,750
Outstanding Balance
$482,947
Interest Rate
3.32%
Mortgage Type
New Conventional
Estimated Equity
$1,389,107

Purchase Details

Closed on
Nov 26, 2011
Sold by
Willison Steven D and Charoen Thitirat
Bought by
Willison Steven D

Purchase Details

Closed on
Nov 23, 2011
Sold by
Willison Steven D
Bought by
Willison Steven D and Charoen Thitirat

Purchase Details

Closed on
Oct 14, 2011
Sold by
Willison Steven D and Charoen Thitirat
Bought by
Willison Steven D

Purchase Details

Closed on
Mar 2, 2011
Sold by
Willison Steven D
Bought by
Willison Steven D and Charoen Thitirat

Purchase Details

Closed on
Dec 6, 2010
Sold by
Hawaiian Custom Homes Llc
Bought by
Willison Steven D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2009
Sold by
Willison Steven D
Bought by
Hawaiian Custom Homes Llc and Maui Kahana Ridge Trust #1-2009

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
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 14, 2009
Sold by
Devane Joseph Francis and Devane Rhonda Marie
Bought by
Willison Steven D

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
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 28, 2005
Sold by
Casillas Edgar and Casillas Jill
Bought by
Devane Joseph Francis and Devane Rhonda Marie

Purchase Details

Closed on
Jan 28, 2003
Sold by
Smith Trevor B
Bought by
Casillas Edgar and Casillas Jill

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
Jun 6, 2002
Sold by
Patton Michael J and Patton Terry L
Bought by
Smith Trevor B

Purchase Details

Closed on
Aug 11, 2000
Sold by
Maui Usa Inc
Bought by
Patton Michael J and Patton Terry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,700
Interest Rate
8.16%
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
Frank John $925,000 Or
Willison Steven D -- Accommodation
Willison Steven D -- Accommodation
Willison Steven D -- Accommodation
Willison Steven D -- Accommodation
Willison Steven D $685,000 Or
Hawaiian Custom Homes Llc $1,000 Accommodation
Willison Steven D $300,000 Or
Devane Joseph Francis $400,000 --
Casillas Edgar $235,000 --
Makekau Jeffery N -- --
Smith Trevor B $205,000 --
Patton Michael J $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frank John $693,750
Previous Owner Willison Steven D $548,000
Previous Owner Willison Steven D $300,000
Previous Owner Patton Michael J $135,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2013 02/06/13 Sold $925,000 -6.5% $454 / Sq Ft
12/20/2012 12/20/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $989,000 -- $486 / Sq Ft
Source: Maui MLS (REALTORS® Association of Maui)

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 $9,689 $1,632,000 $977,700 $654,300
2024 $9,689 $1,449,300 $825,800 $623,500
2023 $7,332 $1,185,300 $561,500 $623,800
2022 $6,446 $1,074,500 $508,700 $565,800
2021 $5,673 $1,017,100 $495,500 $521,600
2020 $5,733 $1,026,900 $495,500 $531,400
2019 $5,626 $1,004,600 $488,800 $515,800
2018 $3,341 $1,100,500 $475,600 $624,900
2017 $5,467 $0 $0 $0
2016 $4,757 $897,500 $317,100 $580,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maui MLS (REALTORS® Association of Maui)

MLS Number: 353142

Maui MLS (REALTORS® Association of Maui)

APN: 2-4-3-021-047-0000

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