$435,000
$15K PRICE DROP

54 Derby Ln Hilo, HI 96720

Estimated payment $2,405/month

Total Views 9,865
3 Beds
1 Bath
880 Sq Ft
$494 Price per Sq Ft

Highlights

  • Grass Covered Lot
  • Stacked Washer and Dryer
  • 4-minute walk to Hawaii County Planning Department

About This Home

This charming Hilo residence stands proudly in the heart of town, quietly nestled near the historic bayfront and just minutes from the Hilo Farmer's Market, UH Hilo, shops, cafes, and schools. The 3-bedroom, 1-bath home sits on one of two side-by-side lots, both zoned Duplex/Double-family (RD-3.75), offering flexibility and options. Both parcels included in the listing price. This rare in-town opportunity is ideal for those looking to customize a property with potential for a variety of residential uses. Enjoy the lush Hilo climate and the convenience of nearby parks, beaches, and essential services all in an established neighborhood. Listing must be sold with parcel -047.

Listing Agent

Natalie Mendoza

Property Professionals Hawaii LLC. Brokerage Phone: 8087692509 License #RS-88106 Listed on: 09/04/2025

Co-Listing Agent

Ketura Waiki

Property Professionals Hawaii LLC. Brokerage Phone: 8087692509 License #RB-24385

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,485

Year Built

  • Built in 1967

Lot Details

  • Property fronts a county road
  • Rocky Terrain
  • Grass Covered Lot
  • Property is zoned RD-3.75

Home Design

  • 880 Sq Ft Home

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Stacked Washer and Dryer

Utilities

  • Electric Water Heater
  • Phone Available

Community Details

  • Fairwiew Lots Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 3220190450000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,485

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: Grassy, Rocky
  • Co List Office Mls Id: 2134
  • Co List Office Phone: 8089354411
  • Ownership: Full
  • MLS Status: A
  • Subdivision Name: FAIRWIEW LOTS
  • Living Area: 880.0
  • Property Attached Yn: No
  • Year Built: 1967
  • Tax Year: 2025
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_WaterHeater: Electric
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator, Washer/Dryer Stacked
  • Total Bedrooms: 3
  • Full Bathrooms: 1

Exterior Features

  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: None

Utilities

  • Utilities: Electricity Available, Phone Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RD-3.75
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3220190450000

Tax Info

  • Tax Annual Amount: 1485.12
  • Tax Lot: 15

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $1,417 $127,700 $127,700 --
2024 $1,417 $127,700 $127,700 --
2023 $1,417 $127,700 $127,700 $0
2022 $1,417 $127,700 $127,700 $0
2021 $1,268 $114,200 $114,200 $0
2020 $1,102 $99,300 $99,300 $0
2019 $768 $69,200 $69,200 $0
2018 $768 $69,200 $69,200 $0
2017 $578 $52,100 $52,100 $0
2016 $524 $52,100 $52,100 $0
2015 -- $52,100 $52,100 $0
2014 -- $52,100 $52,100 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2025 09/27/25 Price Changed $435,000 -3.3% $494 / Sq Ft
09/04/2025 09/04/25 For Sale $450,000 +41.7% $511 / Sq Ft
10/05/2021 10/05/21 Sold $317,500 -2.3% $361 / Sq Ft View Prior Sale
08/02/2021 08/02/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $325,000 -- $369 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $285,000 Multiple
Warranty Deed $50,000 Island Title Corporation
Interfamily Deed Transfer -- --
Gift Deed -- --
Source: Public Records

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 723760

Hawaii Information Service (MLS Hawaii)

APN: 3-2-2-019-047-0000