NOT LISTED FOR SALE

Ala Wai Cove 509 University Ave Unit 401 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $372,000 - $428,000

2 Beds
1 Bath
705 Sq Ft
0.64 Acres

Last Sold January 29, 2024

Last sale price $400,000 $567 Per Sq Ft

Current estimated payment $2,254/month

124 Days on Market

Highlights

  • Marina View
  • Wood Flooring
  • Meeting Room
  • 28,009 Sq Ft lot
  • Corner Lot
  • 2-minute walk to Ala Wai Neighborhood Park

About This Home

As of January 2024

PRICE ADJUSTED $30,000!!!
Breezy 2 bedroom corner unit is rarely available in secure and convenient Ala Wai Cove. Next to Ala Wai Park recreation area, schools, and Ala Wai pathway. Walking distance to shops, restaurants, and busline. Close to UH, and freeway entrance.
Enjoy the gorgeous sunset colors and relax on your lanai. View the city skyline and twinkling city lights, Friday night fireworks and even a glimpse of the Ala Wai canal from the large useable lanai.
A corner unit gives lots of natural light and cool cross breezes. Resident laundry and personal storage on the same floor as the unit
Secure lobby with intercom system for meeting guests. 1 assigned parking. Easy to see. Call today!

Maintenance fee is currently $856. per month. Additional fee of $185 is an monthly assessment until 3/31/26 for completed lanai replacement project.
SELLER WIIL PAY ASSESSMENT IN FULL FOR OPEN ESCROW PRIOR TO 12/31/23

Last Agent to Sell the Property

Jane Cleland

Drop - 2024 License #RB-14284 Listed on: 09/27/2023

Last Buyer's Agent

Myron Kiriu

REMAX Hawaii License #RB-17242

REMAX Hawaii

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,464

Year Built

  • Built in 1961

Lot Details

  • Property is in very good condition

Property Views

  • Marina
  • City
  • Mountain
  • Diamond Head

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 705 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Storage
  • Oven or Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Schools

  • Ala Wai Elementary School

Community Details

Overview

  • Association fees include special assessment
  • High-Rise Condominium
  • Ala Wai Cove Condos
  • Car Wash Area

Amenities

  • Trash Chute
  • Meeting Room
  • Laundry Facilities
  • Community Storage Space

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,464

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: Ala Wai Cove
  • Inclusions: Range/Oven, Refrigerator
  • Prop. Type: Condo/Townhouse
  • Sq Ft RoofedLiving: 705
  • Fill Sq Ft Total: 798
  • Stories Type: 8-14
  • Year Built: 1961
  • Attribution Contact: (808) 738-3904
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Amenities: Car Wash, Community Laundry, Meeting Room, Resident Manager, Storage, Trash Chute
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Hardwood
  • Entry Floor: 4
  • Furnished: Partial
  • Unit Features: Corner/End, Single Level, Storage

Exterior Features

  • Construction Type: Concrete
  • Flood Zone: Zone AO
  • Property Condition: Above Average
  • View: City, Diamond Head, Marina/Canal, Mountain

Garage/Parking

  • Parking Features: Open - 1
  • Total Parking Spaces: 1

Association/Amenities

  • AssociationFee2Includes: Special Assessment

Schools

  • Elementary School: Ala Wai
  • Elementary School: Ala Wai

Multi Family

  • Maintenance Expense: 856.00

Tax Info

  • Tax Annual Amount: 1464.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Jan 23, 2024
Sold by
Cleland Sean Gregory and Cleland Chelsea Kanani
Bought by
Alvarado Emmanuel and Delalvarado Sasha Del
Seller's Agent
Jane Cleland
Drop - 2024
Buyer's Agent
Myron Kiriu
REMAX Hawaii
List Price
$455,000
Sold Price
$400,000
Premium/Discount to List
-$55,000
-12.09%
Views
3
Current Estimated Value
$398,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,045
Avg. Annual Appreciation
-0.16%
Original Mortgage
$200,000
Outstanding Balance
$196,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$202,455

Purchase Details

Closed on
May 4, 2010
Sold by
Zeng Kai
Bought by
Yang Can Tian and Miao Qi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,250
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2007
Sold by
Wong Michael Ka Yam and Wong Amy Ya Mei Wai
Bought by
Zeng Kai
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
Alvarado Emmanuel -- Tge
Alvarado Emmanuel -- Tge
Yang Can Tian $303,000 Fhtc
Zeng Kai $295,000 Fhtc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Emmanuel $200,000
Closed Alvarado Emmanuel $200,000
Previous Owner Yang Can Tian $227,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2024 01/29/24 Sold $400,000 -5.9% $567 / Sq Ft
11/02/2023 11/02/23 Price Changed $425,000 -6.6% $603 / Sq Ft
09/27/2023 09/27/23 For Sale $455,000 +22.6% $645 / Sq Ft
06/29/2017 06/29/17 Sold $371,000 -7.0% $526 / Sq Ft View Prior Sale
05/30/2017 05/30/17 Pending -- -- --
12/07/2016 12/07/16 For Sale $399,000 -- $566 / 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 $1,561 $442,400 $98,700 $343,700
2024 $1,561 $445,900 $98,700 $347,200
2023 $1,457 $416,400 $93,500 $322,900
2022 $1,409 $402,700 $90,000 $312,700
2021 $1,380 $394,200 $86,500 $307,700
2020 $1,410 $402,800 $86,500 $316,300
2019 $1,384 $395,500 $79,600 $315,900
2018 $1,400 $400,100 $71,000 $329,100
2017 $1,002 $366,300 $67,500 $298,800
2016 $959 $354,100 $60,600 $293,500
2015 $1,175 $335,700 $60,600 $275,100
2014 $1,047 $320,700 $65,300 $255,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jane Cleland

    Drop - 2024

    Section Image
  • Myron Kiriu

    Buyer's Agent in 2024

    Myron Kiriu

    REMAX Hawaii

    (808) 721-2032

    24 in this area

    543 Total Sales

    Myron Kiriu
    Section Image

  • D

    Seller's Agent in 2017

    David Ng

    Ohana Intl Premier Realty

    (210) 399-8888

    1 in this area

    10 Total Sales

    David Ng
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Jason Yan

    Drop - 2022

See All Agents

About Ala Wai Cove

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202321429

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-011-0022

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

509 University Ave Unit 401, Honolulu, HI

This home is located at 509 University Ave Unit 401, Honolulu, HI 96826 since 27 September 2023 and is currently estimated at $398,955, approximately $565 per square foot. This property was built in 1961. 509 University Ave Unit 401 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.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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