NOT LISTED FOR SALE

50 E Palai St Hilo, HI 96720

Estimated Value: $516,000 - $619,025

3 Beds
2 Baths
1,542 Sq Ft
$376/Sq Ft Est. Value

Last Sold January 23, 2015

Last sale price $350,000 $227 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,205/month

158 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Gentle Sloping Lot
  • Waiakea High School Rated A
  • Detached Garage

About This Home

As of January 2015

You'll find 1,900 square feet of comfort in this home with 3 bedrooms and 2 baths, on 1.04 acres.

The best of old & new, a rare "old Hilo" style redwood home, lovingly maintained (and faithfully termite-tented), with spacious breezy rooms, high canec ceilings, fir floors, a big kitchen with separate pantry/laundry room, loads of closets, and a wonderful yard that's fenced.

If you are looking for a one-of-a-kind home to entertain friends and family, to raise kids, or just savor life's simple pleasures, this may be the home for you.

There are vintage touches like Hilo star glass, built-in bookcases and drawers, and a pass-through from kitchen to the amazing 358 square foot screened-in lanai.

Most of the interior has been freshly painted. The exterior was scraped to the wood and brush painted several years ago. The electrical has been upgraded.

Right in town, this home sits up up on a 1 plus-acre lot with orchid sheds, tangerine, banana, magnolia, ulu and avocado trees and no close neighbors. On the end of Olu Street and busy Kanoelehua, bounded by Palai on the north and a seasonal banana-lined stream on the south.

Last Agent to Sell the Property

Julie Hugo

Aloha Sotheby's Intl Realty - Hawai'i Brokerage Phone: 8089900426 License #RB-19040 Listed on: 06/09/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1951

Lot Details

  • Property fronts a county road
  • Chain Link Fence
  • Corner Lot
  • Gentle Sloping Lot
  • Property is zoned RS-10

Home Design

  • 1,542 Sq Ft Home

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • 2 Carport Spaces

Additional Features

  • Range
  • Cesspool

Community Details

  • Waiakea Homestead Houselots Subdivision

Listing and Financial Details

  • Tax Lot 2-A-
  • Assessor Parcel Number 3220431000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,351

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Chain Link
  • ResoLotFeatures: Corner Lot
  • Attribution Contact: 8089900426
  • Co List Office Phone: 8089353222
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: WAIAKEA HOMESTEAD HOUSELOTS
  • Carport Spaces: 2.0
  • Living Area: 1542.0
  • Property Attached Yn: No
  • Year Built: 1951
  • Tax Year: 2013
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 358
  • HIS_SolidWasteDisposal: None
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Flooring: Carpet, Hardwood
  • Total Bathrooms: 2
  • Design: Single Wall

Exterior Features

  • Topography: Gentle Slope
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Detached

Utilities

  • Sewer: Cesspool
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3220431000000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1351.0
  • Tax Lot: 2-A-

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2014
Sold by
Mckay Jeff E and Mckay Lexi N
Bought by
Newpher Brian R and Newpher Rae Lynne L
Current Estimated Value
$579,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.87%
Mortgage Type
VA

Purchase Details

Closed on
Aug 20, 2009
Sold by
Mckay Jeff E and Mckay Lexi N
Bought by
Mckay Jeff E and Mckay Lexi N

Purchase Details

Closed on
May 27, 2004
Sold by
Fukuda Nobuko K
Bought by
Mckay Jeff E and Mckay Alexi Noel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
5.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 1995
Sold by
Fukuda Nobuko K
Bought by
County Of Hawaii
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
Newpher Brian R $350,000 Fam
Mckay Jeff E -- None Available
Mckay Jeff E -- --
County Of Hawaii -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newpher Brian R $350,000
Previous Owner Mckay Jeff E $157,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2015 01/23/15 Sold $350,000 -8.4% $227 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $382,000 -- $248 / Sq Ft
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 $1,754 $443,900 $193,200 $250,700
2024 $1,754 $431,000 $193,200 $237,800
2023 $1,751 $418,400 $213,200 $205,200
2022 $1,760 $406,200 $213,200 $193,000
2021 $1,694 $394,400 $213,200 $181,200
2020 $1,638 $382,900 $213,200 $169,700
2019 $1,583 $371,700 $213,200 $158,500
2018 $1,530 $360,900 $213,200 $147,700
2017 $1,517 $358,300 $213,200 $145,100
2016 $1,503 $355,500 $213,200 $142,300
2015 $1,336 $347,100 $213,200 $133,900
2014 $1,336 $330,900 $213,200 $117,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 273828

Hawaii Information Service (MLS Hawaii)

APN: 3-2-2-043-100-0000