NOT LISTED FOR SALE

Ala Wai Plaza 500 University Ave Unit PH2 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $951,000 - $1,065,901

3 Beds
2.5 Baths
1,656 Sq Ft
$597/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $875,000 $528 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,660/month

Highlights

  • Ocean Front
  • Heated Pool
  • Clubhouse
  • Fitness Center
  • 6,941,983 Sq Ft lot
  • 1-minute walk to Ala Wai Neighborhood Park

About This Home

As of October 2019

Luxuriously renovated 3-bedroom penthouse at Ala Wai Plaza. Large-sized unit with 2.5 bathrooms, marble and hardwood floors, in-unit washer/dryer and modern appliances. Enjoy panoramic ocean and Diamond Head views from your expansive covered lanai. Two covered assigned side-by-side parking stalls near the garage entrance. Tenant responsible for electricity, cable and internet/wifi.

Last Agent to Rent the Property

Dean Fujimoto

Drop - 2020 License #RS-82336 Listed on: 10/07/2019

Co-Listed By

Michelle Zeng

Estates Royal Limited License #RS-82379

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,431

Year Built

  • Built in 1970

Lot Details

  • 159.37 Acre Lot
  • Ocean Front
  • Home fronts a canal
  • Property is in excellent condition
  • Zoning described as 13 - A-3 High Density Apartment

Property Views

  • Ocean
  • City
  • Park or Greenbelt

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Blinds

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Covered Parking
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Lanai

Location

  • Property is near a golf course

Schools

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

Listing and Financial Details

  • Security Deposit $3,800
  • Property Available on 10/14/19
  • 12 Month Lease Term
  • Assessor Parcel Number 1-2-7-013-002-0341

Community Details

Overview

  • Kapiolani Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Secure Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,431

Year Built

Built in 1970

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2019-10-14

Listing Details

  • Architectural Style: High Rise
  • Building Name: Ala Wai Plaza
  • Co List Office Mls Id: ESTR
  • Prop. Type: Residential Lease
  • Year Built: 1970
  • CommunityFeatures: Barbecue, Clubhouse, Fitness, Property Manager On-Site, Pool
  • Road Frontage Type: Canal, Golf Course, Oceanfront, Park/Greenbelt
  • NAV29_Unit_1_Appliances: Dryer, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • SecurityFeatures: Closed Circuit Camera(s), Elevator Secured, Security Guard, Smoke Detector(s)
  • Pets Allowed: No, Negotiable
  • Co List Office Phone: (808) 522-0322
  • MLS Status: Closed
  • Subdivision Name: KAPIOLANI
  • Interior Features: Kitchen Exhaust Fan
  • Unit Levels: One
  • Living Area: 1656.0
  • Window Features: Blinds
  • Security Deposit: 3800.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Marble
  • Furnished: Partially
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1

Exterior Features

  • Pool Features: Heated
  • Property Condition: Excellent
  • View: City, Mountain(s), Ocean
  • View: Yes
  • Disclosures: No Smoking
  • Patio And Porch Features: Lanai

Garage/Parking

  • Parking Features: Assigned, Covered, Two Spaces
  • Total Parking Spaces: 2.0

Utilities

  • Utilities: Sewer Available, Trash Collection, Water Available

Schools

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

Lot Info

  • Parcel Number: 1-2-7-013-002-0341
  • Zoning Description: 13 - A-3 High Density Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2017
Closed on
Jul 25, 2017
Sold by
Park Soon Nyo and Park Jong Ho
Bought by
Cui Gary Geng
Seller's Agent
Jennifer Lee Chong
Lee International Properties
Buyer's Agent
Annie Lee
Annie Lee Realty Inc
List Price
$980,000
Sold Price
$875,000
Premium/Discount to List
-$105,000
-10.71%
Current Estimated Value
$996,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,702
Avg. Annual Appreciation
0.94%
Original Mortgage
$350,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2011
Sold by
Jackson Elizabeth H
Bought by
Park Soon Nyo and Park Jong Ho

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 1998
Sold by
Desouza Matsui Adelina Vilela
Bought by
Matsui Adelina V and Adelina V Matsui Revocable Living Trust
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
Cui Gary Geng $875,000 Tg
Cui Gary Geng $875,000 Tg
Park Soon Nyo $658,000 Tg
Matsui Adelina V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cui Gary Geng $615,000
Closed Cui Gary Geng $615,000
Closed Cui Gary Geng $350,000
Previous Owner Park Soon Nyo $526,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2019 10/07/19 Rented $3,800 0.0% --
10/07/2019 10/07/19 For Rent $3,800 0.0% --
07/31/2017 07/31/17 Sold $875,000 -10.7% $528 / Sq Ft
07/01/2017 07/01/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $980,000 -- $592 / 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 $2,431 $988,800 $163,400 $825,400
2024 $2,431 $854,700 $163,400 $691,300
2023 $2,117 $844,800 $154,800 $690,000
2022 $2,997 $856,200 $149,100 $707,100
2021 $2,989 $854,100 $143,400 $710,700
2020 $2,989 $854,100 $143,400 $710,700
2019 $3,023 $863,800 $131,900 $731,900
2018 $2,901 $828,900 $117,600 $711,300
2017 $2,507 $796,200 $111,800 $684,400
2016 $2,402 $766,200 $100,400 $665,800
2015 $2,337 $747,800 $100,400 $647,400
2014 $2,121 $733,600 $113,500 $620,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2019

    Dean Fujimoto

    Drop - 2020

  • M

    Landlord's Co-Listing Agent in 2019

    Michelle Zeng

    Estates Royal Limited

  • Jennifer Lee Chong

    Seller's Agent in 2017

    Jennifer Lee Chong

    Lee International Properties

    (808) 391-0206

    39 Total Sales

    Section Image

  • A

    Buyer's Agent in 2017

    Annie Lee

    Annie Lee Realty Inc

    (808) 722-9628

    1 in this area

    12 Total Sales

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About Ala Wai Plaza

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201928949

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-002-0341

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

500 University Ave Unit PH2, Honolulu, HI

This home is located at 500 University Ave Unit PH2, Honolulu, HI 96826 since 07 October 2019 and is currently priced at $988,475. This property was built in 1970. 500 University Ave Unit PH2 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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