525 Aleka Loop Unit J5 Kapaa, HI 96746
Wailua-Kauai Neighborhood
1
Bed
1
Bath
633
Sq Ft
$1,332/mo
HOA Fee
About This Home
As of October 2024This recently upgraded ocean-facing Plantation Hale condo is located on the ground floor of the quiet side of the complex with a true ocean view. Only a dozen steps from parking and right by one of the three pools on the property, it’s an active income-generating vacation rental with consistent bookings and repeat guests. As a one bedroom end unit, it includes extra ventilation with more windows, a full size kitchen, newly installed flooring in the living room and bedroom, all new bathroom fixtures, a brand new AC unit, new memory foam queen beds, two new flat screen smart TVs and a WiFi smart locking system, making it a turn-key investment opportunity.
The unit comes fully furnished and equipped with everything you or your guests may need: fully stocked kitchen with all small appliances, extra bedding, extra towels, beach gear, vacuum, etc. Right next to the shopping and dining of Coconut Marketplace, the location is also convenient for linking up with the oceanfront Kauai Path for a stroll or bike ride. Currently, the unit is privately managed with a transferable calendar of bookings and high revenue potential. Options for on-site management are also available.
Last Agent to Sell the Property
NextHome Pacific RE Brokerage Phone: 8086358992 License #RS-74474 Listed on: 07/22/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,227
Year Built
- Built in 1972
Lot Details
- Ocean Front
- Property fronts a county road
HOA Fees
- $1,332 Monthly HOA Fees
Parking
- Unassigned Parking
Interior Spaces
- 633 Sq Ft Home
- Carpet
- Ocean Views
Kitchen
- Range with Range Hood
- Microwave
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Underground Utilities
- Phone Available
- Cable TV Available
Community Details
- Plantation Hale Community
- Wailua Beach Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Assessor Parcel Number 4430020170133
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2024
Closed on
Oct 20, 2024
Sold by
Murray Stephen Edward and Martel Christine Danielle
Bought by
Palmer Marc Brandon and Palmer Terra Marie
Seller's Agent
Chris Sanderl
NextHome Pacific RE
Buyer's Agent
Jill Caisey
Hawaii Life
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Total Days on Market
50
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,629
Avg. Annual Appreciation
0.55%
Original Mortgage
$367,500
Outstanding Balance
$362,081
Interest Rate
1.8%
Mortgage Type
New Conventional
Estimated Equity
$129,548
Purchase Details
Listed on
Aug 31, 2021
Closed on
Sep 28, 2021
Sold by
Resor Shirley Scott
Bought by
Murray Stephen Edward and Martel Christine Danielle
Seller's Agent
Donna Holevoet
Resort Properties of the Pacific LLC
Buyer's Agent
Gabriela Da Luz
Hawaii Life
List Price
$309,000
Sold Price
$350,050
Premium/Discount to List
$41,050
13.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.66%
Original Mortgage
$354,536
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 27, 2004
Sold by
Engineer Roy and Engineer Mukti
Bought by
Resor Shirley Scott
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Kapaa, HI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Or | |
| Deed | $350,050 | Tg | |
| Deed | $218,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $367,500 | New Conventional | |
| Previous Owner | $354,536 | Purchase Money Mortgage | |
| Previous Owner | $124,000 | Purchase Money Mortgage | |
| Previous Owner | $55,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2024 10/29/24 | Off Market | $490,000 | -- | -- |
| 10/25/2024 10/25/24 | Sold | $490,000 | -1.8% | $774 / Sq Ft |
| 09/05/2024 09/05/24 | Off Market | $499,000 | -- | -- |
| 09/05/2024 09/05/24 | For Sale | $499,000 | 0.0% | $788 / Sq Ft |
| 08/28/2024 08/28/24 | Off Market | $499,000 | -- | -- |
| 08/27/2024 08/27/24 | For Sale | $499,000 | 0.0% | $788 / Sq Ft |
| 07/22/2024 07/22/24 | For Sale | $499,000 | +42.6% | $788 / Sq Ft |
| 10/08/2021 10/08/21 | Sold | $350,050 | +13.3% | $553 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 08/31/2021 08/31/21 | For Sale | $309,000 | -- | $488 / Sq Ft |
Source: Hawaii Information Service (MLS Hawaii)
Tax History Compared to Growth
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 | $5,326 | $483,000 | -- | $483,000 |
| 2024 | $5,326 | $471,300 | -- | $471,300 |
| 2023 | $4,227 | $429,100 | $0 | $429,100 |
| 2022 | $2,992 | $303,800 | $0 | $0 |
| 2021 | $2,877 | $292,100 | $0 | $0 |
| 2020 | $2,780 | $282,200 | $0 | $282,200 |
| 2019 | $2,780 | $241,700 | $0 | $241,700 |
| 2018 | $1,589 | $190,200 | $0 | $190,200 |
| 2017 | $1,589 | $179,600 | $0 | $179,600 |
| 2016 | $1,523 | $172,100 | $0 | $172,100 |
| 2015 | $1,123 | $176,600 | $0 | $0 |
| 2014 | $1,123 | $137,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Sanderl
C
Seller's Agent in 2024
Chris Sanderl
NextHome Pacific RE
(808) 635-8992
3 in this area
9 Total Sales
-
Jill Caisey
Buyer's Agent in 2024
Jill Caisey
Hawaii Life
(808) 634-8062
14 in this area
51 Total Sales
-
Donna Holevoet
D
Seller's Agent in 2021
Donna Holevoet
Resort Properties of the Pacific LLC
(808) 635-6500
2 in this area
11 Total Sales
-
Gabriela Da Luz
G
Buyer's Agent in 2021
Gabriela Da Luz
Hawaii Life
(808) 278-3315
1 in this area
6 Total Sales
Map
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 712715
APN: 4-4-3-002-017-0133
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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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