NOT LISTED FOR SALE

53 Akekeke St Unit 53,53 A-E,62,62-A,72 Hilo, HI 96720

Estimated Value: $496,000 - $1,763,000

19 Beds
12 Baths
7,445 Sq Ft
$181/Sq Ft Est. Value

Last Sold August 08, 2017

Last sale price $1,050,000 $141 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,587/month

31 Days on Market

Highlights

  • Attached Garage
  • Carpet
  • 3-minute walk to Pe'e Pe'e Falls
  • Level Lot

About This Home

As of August 2017

VALUE ADD OPPORTUNITY! Multi-family opportunity to increase rents to market and create cash flow!

Many houses on a HUGE lot. 11 structures, 8 permitted, 9 habitable. Note that existing structures at 72 & 82 Omao are tear-downs and 53-E Akekeke has experienced settlement of its post and pier foundation footings. Altogether three 3 bedroom and six 2 bedroom. According to public data information years built varies: four built in 1996, one in 1943, one in 1940, and two in 2001.

Please Do not disturb tenants. DO NOT walk on property. Do NOT knock on doors. By appointment only.

Although information provided herein is believed to be correct, Buyer and Buyer's Agent to conduct their own due diligence. Buyers and their agents urged to verify any information they deem material or important to their decision to purchase this property.

Last Agent to Sell the Property

Darren Ah Chong

Ah Chong Realty, LLC Brokerage Phone: 8089368002 License #RB-20333 Listed on: 04/30/2017

Last Buyer's Agent

Patricia Salvador

Patricia Salvador, Broker License #RB-8532

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,502

Year Built

  • Built in 1940

Lot Details

  • Property fronts a county road
  • Level Lot
  • Cleared Lot

Parking

  • Attached Garage

Interior Spaces

  • 7,445 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 12 Full Bathrooms

Utilities

  • Septic Tank
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Punahoa 1St & Ponahawai Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3230390030000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,502

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • ResoLotFeatures: Cleared
  • Attribution Contact: 8089368002
  • Co List Office Phone: 8087478600
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: PUNAHOA 1ST & PONAHAWAI
  • Living Area: 7445.0
  • Year Built: 1940
  • Tax Year: 2016
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InternetAccess: Cable, Satellite
  • HIS_Easement: Electric
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Total Bedrooms: 19
  • Full Bathrooms: 12
  • Flooring: Carpet, Softwood
  • Total Bathrooms: 12

Exterior Features

  • Topography: Fairly Level
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Cooling: Cash
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-7.5
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3230390030000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 10502.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2017
Closed on
Jul 31, 2017
Sold by
Chock & Chock Inc
Bought by
Lam Hawaii Inc
Seller's Agent
Darren Ah Chong
Ah Chong Realty, LLC
Buyer's Agent
Patricia Salvador
Patricia Salvador, Broker
List Price
$1,125,000
Sold Price
$1,050,000
Premium/Discount to List
-$75,000
-6.67%
Current Estimated Value
$1,346,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,301
Avg. Annual Appreciation
3.68%
Original Mortgage
$787,500
Outstanding Balance
$657,618
Interest Rate
3.9%
Mortgage Type
Stand Alone First
Estimated Equity
$752,559
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
Lam Hawaii Inc $1,050,000 Fam
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Hawaii Inc $787,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2017 08/08/17 Sold $1,050,000 -6.7% $141 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
04/30/2017 04/30/17 For Sale $1,125,000 -- $151 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $17,393 $1,714,900 $434,300 $1,280,600
2024 $17,393 $1,566,900 $321,100 $1,245,800
2023 $17,016 $1,533,000 $374,500 $1,158,500
2022 $17,016 $1,533,000 $374,500 $1,158,500
2021 $14,783 $1,331,800 $335,400 $996,400
2020 $13,948 $1,256,600 $279,700 $976,900
2019 $13,261 $1,194,700 $279,700 $915,000
2018 $12,395 $1,116,700 $243,700 $873,000
2017 $12,098 $1,089,900 $243,700 $846,200
2016 $10,502 $1,045,000 $243,700 $801,300
2015 -- $970,400 $234,900 $735,500
2014 -- $957,900 $234,900 $723,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 606258

Hawaii Information Service (MLS Hawaii)

APN: 3-2-3-039-003-0000