NOT LISTED FOR SALE

617 Wailepo St Kailua, HI 96734

Estimated Value: $2,487,000 - $3,224,000

-- Bed
1 Bath
4,480 Sq Ft
$622/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $1,920,000 $429 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $15,239/month

107 Days on Market

Highlights

  • Views
  • Level Lot
  • Community Storage Space
  • Kailua Intermediate School Rated A-

About This Home

As of September 2020

Unique Investment opportunity in KAILUA. Maximize the income stream for it's highest and best use or rehab the two buildings with potential to redevelop under Bill 7. Eight - 2 bedroom units located close to Kailua town and a short walk to park, stores and restaurants. Property is sold "as is" and Buyer shall perform their own due diligence. Information provided for income and building are estimates and may differ from actual records. Only a few of the rental units are occupied and income for property does not measure building's full occupancy potential or current market rents. NO sign on property. Do not disturb tenants or enter property without an appointment.

Last Agent to Sell the Property

Andrea Kia

Homequest LLC License #RB-15735 Listed on: 04/20/2020

Co-Listed By

Carky Ainlay

Homequest LLC License #RB-13053

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,644

Year Built

  • Built in 1952

Lot Details

  • 7,000 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Property Views

Laundry

  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1-4-3-058-022-0000

Community Details

Overview

  • 8 Units
  • Coconut Grove Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $8,444
  • Net Operating Income $31,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,644

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Architectural Style: Fourplex
  • Co List Office Mls Id: HOMQ
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1952
  • CommunityFeatures: None, Storage Facilities
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • Co List Office Phone: (808) 261-1470
  • MLS Status: Closed
  • Subdivision Name: COCONUT GROVE
  • Unit Levels: Two
  • Roof: Composition
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Furnished: Unfurnished
  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Concrete, Wood Frame
  • Lot Features: Interior Lot, Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Disclosures: Seller Disclosure, See Remarks

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 6.0

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-4-3-058-022-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 31578.0
  • Annual Operating Expense: 8444.0
  • Tenant Pays: Electricity
  • Total Actual Rent: 3335.0

Tax Info

  • Tax Annual Amount: 4644.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2020
Closed on
Aug 27, 2020
Sold by
Medeiros Darlene and The Mildred C Baptiste Trust
Bought by
Treskon Jeremy Keone and Highmark Capital Llc
Seller's Agent
Andrea Kia
Homequest LLC
List Price
$2,270,000
Sold Price
$1,920,000
Premium/Discount to List
-$350,000
-15.42%
Current Estimated Value
$2,788,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$868,666
Avg. Annual Appreciation
7.52%
Source: Public Records

Range of Values:

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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
Treskon Jeremy Keone $1,920,000 Or
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $1,920,000 -15.4% $429 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
04/20/2020 04/20/20 For Sale $2,270,000 -- $507 / 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 $7,373 $2,213,600 $1,606,000 $607,600
2024 $7,373 $2,106,500 $1,496,500 $610,000
2023 $7,346 $2,098,900 $1,496,500 $602,400
2022 $7,222 $2,063,300 $1,496,500 $566,800
2021 $5,387 $1,539,200 $1,330,000 $209,200
2020 $4,886 $1,396,100 $1,260,000 $136,100
2019 $3,409 $1,325,300 $1,190,000 $135,300
2018 $3,409 $974,000 $840,000 $134,000
2017 $3,519 $1,005,400 $805,000 $200,400
2016 $3,465 $989,900 $784,000 $205,900
2015 $3,314 $946,900 $742,000 $204,900
2014 -- $920,000 $721,000 $199,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202008668

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-4-3-058-022-0000