NOT LISTED FOR SALE

56 Makakai Place Unit 2 Hilo, HI 96720

Estimated Value: $944,000 - $1,365,000

4 Beds
2 Baths
2,106 Sq Ft
$540/Sq Ft Est. Value

Last Sold February 14, 2015

Last sale price $865,000 $411 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,256/month

Highlights

  • Ocean View
  • Air Conditioning
  • Level Lot
  • Attached Garage
  • Home Security System
  • 1-minute walk to Honolii Beach Park

About This Home

As of February 2015

PANORAMIC PERFECTION IN HILO’S MOST DESIRABLE COMMUNITY. Dramatic cliff-front home, directly above Honoli’i Beach Park, with breathtaking panoramic and unobstructable views extending from Honoli’i point across the entire expanse of Hilo bay and Keaukaha. This 2,106 sq. ft. four bedroom, two bath home is exceedingly well maintained, with a magnificent master bedroom suite, fully glassed-in sunroom, and a state-of-the-art kitchen with high-end finishes. Taking full advantage of its ocean exposure is almost 700 sq. ft. of covered lanais . The sale includes fully permitted plans to add a cliff-front infinity pool and an 800 sq. ft. magnificent two story pool house. The house has been tested by the recent once-in-a-century Hurricane Iselle, and survived it without damage of any kind. This is a once-in-a-lifetime opportunity, and is the first cliff-front home on exclusive Makakai Place to sell in over 20 years. PROPERTY WENT INTO ESROW SAME DAY AS ACTIVATION ON MLS. BACK UP OFFERS ENCOURAGED.

Last Agent to Sell the Property

Rebecca Hirsch-Keliihoomalu

COMPASS Brokerage Phone: 8088951156 License #RB-19834 Listed on: 01/05/2015

COMPASS

Last Buyer's Agent

Jocelyne Twigg-Smith

Corcoran Pacific Properties License #RS-74500

Corcoran Pacific Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,525

Year Built

  • Built in 1967

Lot Details

  • Property fronts a county road
  • Level Lot
  • Cleared Lot
  • Grass Covered Lot
  • Property is zoned RS-15

Parking

  • Attached Garage

Property Views

  • Ocean
  • Coastline
  • Bay

Home Design

  • Double Stud Wall

Interior Spaces

  • 2,106 Sq Ft Home
  • Wood Burning Fireplace
  • Carpet
  • Home Security System

Kitchen

  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Air Conditioning
  • Cesspool
  • Phone Available
  • Cable TV Available

Community Details

  • Alae Point Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 3260260100000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,525

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: Cleared, Grassy
  • Road Frontage Type: HIS Road/Street
  • ResoSecurityFeatures: Security System
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: ALAE POINT
  • Living Area: 2106.0
  • Property Attached Yn: No
  • Year Built: 1967
  • Tax Year: 2014
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 546
  • HIS_SolidWasteDisposal: Other (remarks)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Full Bathrooms: 2
  • Flooring: Carpet
  • Design: Double Wall, Single Wall

Exterior Features

  • Topography: Level
  • View: Bay, HIS Coastline, HIS Sunrise, Ocean, Ocean Horizon
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Cooling: HIS Air Conditioning
  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RS-15
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3260260100000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 5525.0
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2015
Closed on
Feb 2, 2015
Sold by
Tulman Eric M
Bought by
Desilva Ty Jordan Tsuji and Desilva Sarah La Brisa
Seller's Agent
Rebecca Hirsch-Keliihoomalu
COMPASS
Buyer's Agent
Jocelyne Twigg-Smith
Corcoran Pacific Properties
List Price
$865,000
Sold Price
$865,000
Current Estimated Value
$1,136,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,454
Avg. Annual Appreciation
2.55%
Original Mortgage
$648,750
Outstanding Balance
$497,626
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$638,828

Purchase Details

Closed on
Dec 14, 2011
Sold by
Tulman Etsuko
Bought by
Tulman Eric M and Eric M Tulman Trust

Purchase Details

Closed on
Dec 19, 2001
Sold by
Tulman Eric M
Bought by
Tulman Etsuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1994
Sold by
Crowell Robert E and Crowell Mabel E
Bought by
Tulman Eric Mark and Tulman Etsuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Desilva Ty Jordan Tsuji $865,000 Tg
Tulman Eric M -- None Available
Tulman Etsuko -- Island Title Corp
Tulman Eric Mark $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desilva Ty Jordan Tsuji $648,750
Previous Owner Tulman Etsuko $300,000
Previous Owner Tulman Eric Mark $288,000
Closed Tulman Eric Mark $36,000
Closed Tulman Etsuko $56,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2015 02/14/15 Sold $865,000 0.0% $411 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $865,000 -- $411 / 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 $3,412 $745,100 $342,800 $402,300
2024 $3,412 $723,400 $342,800 $380,600
2023 $3,397 $702,300 $342,800 $359,500
2022 $3,455 $681,800 $342,800 $339,000
2021 $3,333 $661,900 $342,800 $319,100
2020 $3,214 $642,600 $342,800 $299,800
2019 $3,099 $623,900 $342,800 $281,100
2018 $2,987 $605,700 $342,800 $262,900
2017 $2,879 $588,100 $342,800 $245,300
2016 $2,774 $571,000 $342,800 $228,200
2015 $1,033 $552,200 $342,800 $209,400
2014 $1,033 $549,800 $342,800 $207,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Buyer's Agent in 2015

    Jocelyne Twigg-Smith

    Corcoran Pacific Properties

    (808) 238-4937

    13 in this area

    22 Total Sales

    Jocelyne Twigg-Smith
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 279856

Hawaii Information Service (MLS Hawaii)

APN: 3-2-6-026-010-0000

Hawaii Hawaii County Hilo 96720

56 Makakai Place Unit 2, Hilo, HI

Not Listed for Sale

Detached

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