NOT LISTED FOR SALE

Ala Wai Plaza 500 University Ave Unit 322 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $604,012 - $724,000

2 Beds
2.5 Baths
1,120 Sq Ft
$498/mo HOA Fee

Last Sold May 11, 2012

Last sale price $440,000 $393 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,330/month

44 Days on Market

Highlights

  • City View
  • Community Pool
  • Security Guard
  • 6,941,983 Sq Ft lot
  • Building Patio
  • 1-minute walk to Ala Wai Neighborhood Park

About This Home

As of May 2012

Great opportunity to live in the heart of Honolulu! Spacious split-level design w/bedrooms upstairs, great for entertaining & privacy, perfect for the young professional or couple. Well maintained building is pet friendly, secure, single loaded for great cross-ventilation, amentities include pool, gym, rec. room, BBQ. Close to freeway, UH, schools, Waikiki, Diamond Head, Ala Wai and Kapiolani Park

Last Agent to Sell the Property

Myra Brandt

Coldwell Banker Realty License #RB-14004 Listed on: 02/27/2012

Coldwell Banker Realty

Last Buyer's Agent

Sherrie Kuroda

Coldwell Banker Realty License #RB-20353

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,524

Year Built

  • Built in 1970

Lot Details

  • 159

HOA Fees

  • $498 Monthly HOA Fees

Property Views

  • City
  • Garden

Interior Spaces

  • 1,120 Sq Ft Home
  • Multi-Level Property
  • Ceramic Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Parking Space
  • Open Parking
  • Assigned Parking

Schools

  • Ala Wai Elementary School
  • Washington Middle School
  • Kaimuki High School

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-013-002-0041

Community Details

Overview

  • Association fees include common areas, hot water, ground maintenance, maintenance structure, sewer, water
  • Ala Wai Plaza Condos
  • Kapiolani Subdivision

Amenities

  • Building Patio
  • Community Deck or Porch
  • Trash Chute

Recreation

  • Community Pool

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,524

Year Built

Built in 1970

Lot Details

0

HOA Fees

$498 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Ala Wai Plaza
  • Inclusions: Dishwasher,Disposal,Dryer,Range/Oven,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1970
  • CommunityFeatures: Deck/Porch, Patio, Pool, Trash Chute
  • Road Frontage Type: Other
  • SecurityFeatures: Security Guard
  • MLS Status: Closed
  • Subdivision Name: KAPIOLANI
  • Entry Level: 3
  • Unit Levels: Multi/Split
  • Living Area: 1120.0
  • New Construction: No
  • Tax Year: 2011
  • Special Features: None

Interior Features

  • Flooring: Carpet, Ceramic Tile, Marble
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Concrete
  • Property Condition: Good Condition
  • View: City, Garden, Mountain(s)
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Assigned, One Space, On Street
  • Total Parking Spaces: 1.0
  • Open Parking: Yes

Condo/Co-op/Association

  • Association Fee: 498.0

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Maintenance Grounds, Maintenance Structure, Sewer, Water

Schools

  • Elementary School: Ala Wai
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-2-7-013-002-0041

Multi Family

  • Maintenance Expense: 498.0

Tax Info

  • Tax Annual Amount: 1524.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2012
Closed on
May 8, 2012
Sold by
Cheeseman William Bruce
Bought by
Leval Corey Kapena and Kobayashi Michelle Sari
Seller's Agent
Myra Brandt
Coldwell Banker Realty
Buyer's Agent
Sherrie Kuroda
Coldwell Banker Realty
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Current Estimated Value
$674,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,484
Avg. Annual Appreciation
3.17%
Original Mortgage
$340,000
Outstanding Balance
$239,329
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$426,421

Purchase Details

Closed on
Mar 22, 2005
Sold by
Kumar Raj and Kumar Sunita Mirpuri
Bought by
Cheeseman William Bruce

Purchase Details

Closed on
Dec 29, 2004
Sold by
Hasegawa Tom K
Bought by
Kumar Raj and Kumar Sunita Mirpuri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 28, 2001
Sold by
Hasegawa Tom K
Bought by
Hasegawa Tom K and Revocable Trust Of Lee Mccaslin
Source: Public Records

Range of Values:

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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
Leval Corey Kapena $440,000 Tg
Leval Corey Kapena $440,000 Tg
Cheeseman William Bruce $454,000 Fntic
Kumar Raj $320,000 --
Hasegawa Tom K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leval Corey Kapena $100,000
Open Leval Corey Kapena $340,000
Closed Leval Corey Kapena $340,000
Previous Owner Kumar Raj $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2012 05/11/12 Sold $440,000 -4.1% $393 / Sq Ft
04/11/2012 04/11/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $459,000 -- $410 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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 $1,664 $613,600 $96,400 $517,200
2024 $1,664 $595,500 $96,400 $499,100
2023 $1,335 $581,300 $91,300 $490,000
2022 $1,540 $540,000 $88,000 $452,000
2021 $1,328 $479,500 $84,600 $394,900
2020 $1,337 $481,900 $84,600 $397,300
2019 $1,523 $515,000 $77,800 $437,200
2018 $1,538 $519,300 $69,300 $450,000
2017 $1,554 $523,900 $66,000 $457,900
2016 $1,554 $524,000 $59,200 $464,800
2015 $1,405 $481,300 $59,200 $422,100
2014 $1,524 $454,200 $67,000 $387,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Myra Brandt

    Coldwell Banker Realty

    (808) 738-3904

    2 in this area

    67 Total Sales

    Section Image

  • S

    Buyer's Agent in 2012

    Sherrie Kuroda

    Coldwell Banker Realty

    (808) 262-3104

    4 in this area

    80 Total Sales

    Section Image
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About Ala Wai Plaza

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 1202194

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-002-0041

Hawaii Honolulu County Honolulu 96826 McCully-Mō'ili'ili

500 University Ave Unit 322, Honolulu, HI

This home is located at 500 University Ave Unit 322, Honolulu, HI 96826 since 27 February 2012 and is currently estimated at $653,003, approximately $583 per square foot. This property was built in 1970. 500 University Ave Unit 322 is a home located in Honolulu County with nearby schools including Ala Wai Elementary School, President George Washington Middle School, and Kaimuki 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.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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