NOT LISTED FOR SALE

518 Ulumalu St Kailua, HI 96734

Estimated Value: $1,329,000 - $1,629,000

4 Beds
3 Baths
2,000 Sq Ft
$756/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $1,550,000 $775 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,569/month

42 Days on Market

Highlights

  • Mountain View
  • Cottage
  • Solar owned by a third party
  • Maunawili Elementary School Rated A
  • Workshop
  • 4-minute walk to Pōhākupu Mini Park

About This Home

As of August 2024

Located in highly desirable Pohakupu neighborhood, lies this rare multi-family home. Conveniently located for commuters, with a neighborhood park just down the street. Views of Mt. Olomana and the majestic Ko'olau Mountain range behind. The main house is 3 bedrooms, 2 baths, and features an open kitchen, laundry room, and extra bonus rooms for office or nursery. Down a gated walkway to it's own private backyard, lies the detached LEGAL ADU 1/1 Cottage. Being a legal ADU, you can use the rental income to help you qualify with your Lender. Fully fenced in for pets, with beautiful landscaping and fruit trees, 2 storage sheds, and 22 Leased PV panels to keep electric bills down. This is your chance to get into Kailua and keep your mortgage payments down with the rental income, or great for extended family living. Don't let this one pass you by! Make this your new home today!!!

Last Agent to Sell the Property

Leon Mosher

Coldwell Banker Realty License #RB-20948 Listed on: 06/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Joshua Harris

HB Homes INC License #RB-24187

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,560

Year Built

  • Built in 1960 | Remodeled in 2019

Lot Details

  • 7,500 Sq Ft Lot
  • Fenced
  • Gentle Sloping Lot
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Cottage
  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Workshop
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport

Schools

  • Maunawili Elementary School
  • Kailua Middle School
  • Kailua High School

Utilities

  • Window Unit Cooling System
  • Water Heater
  • Sewer Tap Fee
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Solar owned by a third party
  • Patio
  • Accessory Dwelling Unit (ADU)

Community Details

  • Community Storage Space

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,560

Year Built

Built in 1960 | Remodeled in 2019

Lot Details

0

Listing Details

  • Architectural Style: 1 Bedroom Cottage, Detach Single Family, Multiple Dwellings
  • Inclusions: AC Window Unit, Cable TV, Ceiling Fan, Dishwasher, Disposal, Dryer, Photovoltaic – Leased, Range/Oven, Refrigerator, Washer, Water Heater
  • Property Sub Type: Single Family
  • Prop. Type: Single Family
  • Sq Ft RoofedLiving: 2000
  • Fill Sq Ft Total: 2160
  • Stories Type: One
  • Year Built: 1960
  • Year Renovated: 2019
  • Attribution Contact: (808) 262-3104
  • SecondaryDwelling: ADU
  • Special Features: None
  • Stories: 1

Interior Features

  • Amenities: Patio/Deck, Storage, Wall/Fence, Workshop
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Ceramic Tile, Laminate, Vinyl

Exterior Features

  • Construction Type: Above Ground, Double Wall, Single Wall, Slab, Wood Frame
  • Easements: None
  • Flood Zone: Zone X
  • Lot Features: Clear
  • Pool Features: None
  • Property Condition: Above Average
  • Topography: Gentle Slope
  • View: Mountain

Garage/Parking

  • Parking Features: 3 Car+, Carport
  • Total Parking Spaces: 3

Utilities

  • Utilities: Cable, Connected, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone

Association/Amenities

  • AssociationFee2Includes: None

Schools

  • Elementary School: Maunawili
  • Middle School: Kailua
  • High School: Kailua
  • Elementary School: Maunawili
  • High School: Kailua
  • Middle Or Junior School: Kailua

Tax Info

  • Tax Annual Amount: 4560.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Jul 16, 2024
Sold by
Robert Moritz Mark and Heyn Brend
Bought by
Fuist Nicholas Richard and Briant Hannah Patricia
Seller's Agent
Leon Mosher
Coldwell Banker Realty
Buyer's Agent
Joshua Harris
HB Homes INC
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Views
8
Current Estimated Value
$1,511,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,527
Avg. Annual Appreciation
-3.53%
Original Mortgage
$1,316,250
Outstanding Balance
$1,304,891
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$188,177

Purchase Details

Listed on
Feb 27, 2014
Closed on
Apr 15, 2014
Sold by
Souza William
Bought by
Moritz Mark Robert and Heynrichs Moritz Brenda Natalie
Seller's Agent
Karyn Shaunnessy
Berkshire Hathaway HmSvc HI RE
Buyer's Agent
Leon Mosher
Coldwell Banker Realty
List Price
$665,000
Sold Price
$665,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$420,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2001
Sold by
Souza William
Bought by
Souza William and Revocable Trust Of William Souza Jr
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
Fuist Nicholas Richard -- Old Republic Title
Moritz Mark Robert $665,000 Or
Moritz Mark Robert $665,000 Or
Souza William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuist Nicholas Richard $1,316,250
Previous Owner Moritz Mark Robert $131,000
Previous Owner Moritz Mark Robert $549,350
Previous Owner Moritz Mark Robert $70,000
Previous Owner Moritz Mark Robert $465,000
Previous Owner Moritz Mark Robert $50,000
Previous Owner Moritz Mark Robert $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $1,550,000 0.0% $775 / Sq Ft
07/08/2024 07/08/24 Price Changed $1,550,000 +3.7% $775 / Sq Ft
06/24/2024 06/24/24 For Sale $1,495,000 +124.8% $748 / Sq Ft
04/23/2014 04/23/14 Sold $665,000 0.0% $649 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $665,000 -- $649 / 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 $4,001 $1,365,100 $1,230,000 $135,100
2024 $4,001 $1,263,000 $1,230,000 $33,000
2023 $4,205 $1,401,400 $1,230,000 $171,400
2022 $3,652 $1,143,500 $1,027,500 $116,000
2021 $3,475 $1,092,900 $802,500 $290,400
2020 $3,420 $1,077,000 $772,500 $304,500
2019 $2,645 $835,700 $750,000 $85,700
2018 $2,475 $787,000 $735,000 $52,000
2017 $2,392 $763,500 $675,000 $88,500
2016 $2,309 $739,800 $645,000 $94,800
2015 $2,314 $661,000 $585,000 $76,000
2014 -- $678,200 $540,000 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202414810

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-4-2-031-003-0000