NOT LISTED FOR SALE

Ala Wai Cove 509 University Ave Unit 503 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $370,000 - $473,000

2 Beds
1 Bath
696 Sq Ft
$524/mo HOA Fee

Last Sold March 10, 2014

Last sale price $340,000 $489 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,798/month

81 Days on Market

Highlights

  • City View
  • Resident Manager or Management On Site
  • Closed Circuit Camera
  • Card or Code Access
  • Storage
  • 2-minute walk to Ala Wai Neighborhood Park

About This Home

As of March 2014

Prime location @ makai end of University Ave. across from Ala Wai Elementary.
2-Bedrm./1-Bath unit w/ new stove, drapes, & freshly painted interior.
Views of city, park, Waikiki, & canal. Community laundry area on each floor & storage locker.
Call LO to see.

Last Agent to Sell the Property

Ray-Stan Tanaka

Island Estates, Inc. License #RB-10065 Listed on: 11/19/2013

Island Estates, Inc.

Co-Listed By

Constance Tanaka

Island Estates, Inc. License #RS-42572

Last Buyer's Agent

Keiko Kakiyama

Axio Properties License #RS-71026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $996

Year Built

  • Built in 1961

Lot Details

  • 0.63

HOA Fees

  • $524 Monthly HOA Fees

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 696 Sq Ft Home
  • 3-Story Property
  • Storage
  • Vinyl Flooring
  • City Views
  • Closed Circuit Camera

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-013-011-0032

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure, sewer, water
  • Ala Wai Cove Condos
  • Kapiolani Subdivision

Amenities

  • Trash Chute
  • Laundry Facilities
  • Community Storage Space

Security

  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$996

Year Built

Built in 1961

Lot Details

0

HOA Fees

$524 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Ala Wai Cove
  • Co List Office Mls Id: ISLE
  • Inclusions: Cable TV,Dishwasher,Disposal,Drapes,Range/Oven,Refrigerator,Smoke Detector
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1961
  • CommunityFeatures: Laundry Facilities, Storage Facilities, Trash Chute
  • Road Frontage Type: Other
  • SecurityFeatures: Closed Circuit Camera(s), Key Card Entry
  • Association Amenities: Management
  • Co List Office Phone: (808) 943-2888
  • MLS Status: Closed
  • Subdivision Name: KAPIOLANI
  • Entry Level: 5
  • Interior Features: Storage
  • Unit Levels: Three Or More, One
  • Living Area: 696.0
  • New Construction: No
  • Tax Year: 2013
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Furnished: Partially
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Double Wall, Hollow Tile
  • Property Condition: Good Condition, Updated/Remodeled
  • View: Canal, City
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

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

Condo/Co-op/Association

  • Association Fee: 524.0

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Sewer, Water

Lot Info

  • Parcel Number: 1-2-7-013-011-0032
  • Zoning Description: 13 - A-3 High Density Apartment

Multi Family

  • Maintenance Expense: 524.0

Tax Info

  • Tax Annual Amount: 995.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2013
Closed on
Mar 4, 2014
Sold by
Swicegood Florence
Bought by
Okada Tetsu and Okada Kazuyo Sahara
Seller's Agent
Ray-Stan Tanaka
Island Estates, Inc.
Buyer's Agent
Keiko Kakiyama
Axio Properties
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
Current Estimated Value
$412,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,458
Avg. Annual Appreciation
1.68%
Original Mortgage
$272,000
Outstanding Balance
$206,166
Interest Rate
4.34%
Mortgage Type
New Conventional
Estimated Equity
$206,292

Purchase Details

Closed on
Sep 26, 2008
Sold by
Ching Wayne Ming
Bought by
Swicegood George R and Swicegood Florence
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
Okada Tetsu $340,000 Or
Okada Tetsu $340,000 Or
Swicegood George R $150,000 Het
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okada Tetsu $272,000
Closed Okada Tetsu $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2014 03/10/14 Sold $340,000 -9.3% $489 / Sq Ft
02/08/2014 02/08/14 Pending -- -- --
11/19/2013 11/19/13 For Sale $375,000 -- $539 / 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 $944 $431,900 $98,100 $333,800
2024 $944 $429,600 $98,100 $331,500
2023 $561 $400,200 $92,900 $307,300
2022 $839 $379,700 $89,500 $290,200
2021 $958 $373,600 $86,100 $287,500
2020 $984 $381,000 $86,100 $294,900
2019 $1,027 $373,500 $79,200 $294,300
2018 $1,044 $378,400 $70,600 $307,800
2017 $999 $365,400 $67,100 $298,300
2016 $957 $353,300 $60,200 $293,100
2015 $892 $334,900 $60,200 $274,700
2014 $1,076 $320,000 $65,000 $255,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ray-Stan Tanaka

    Island Estates, Inc.

    (808) 943-2888

    12 Total Sales

    Ray-Stan Tanaka
    Section Image

  • C

    Seller Co-Listing Agent in 2014

    Constance Tanaka

    Island Estates, Inc.

  • K

    Buyer's Agent in 2014

    Keiko Kakiyama

    Axio Properties

    (808) 591-2002

    25 Total Sales

    Keiko Kakiyama
    Section Image
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About Ala Wai Cove

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201335702

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-011-0032

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

509 University Ave Unit 503, Honolulu, HI

This home is located at 509 University Ave Unit 503, Honolulu, HI 96826 since 19 November 2013 and is currently estimated at $412,458, approximately $592 per square foot. This property was built in 1961. 509 University Ave Unit 503 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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