NOT LISTED FOR SALE

702 Palani Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $1,547,000 - $1,853,000

6 Beds
3 Baths
2,048 Sq Ft
$826/Sq Ft Est. Value

Last Sold July 11, 2019

Last sale price $1,200,000 $586 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $9,692/month

161 Days on Market

Highlights

  • Golf Course View
  • Level Lot
  • 1-Story Property
  • Wood Flooring

About This Home

As of July 2019

A-2 Zoning Medium Density Apartment District. Prime development parcel close to Waikiki. The possibilities are endless. Currently, there are two detached dwellings. Dwelling 1 is a 2 bedroom 1 bath. Dwelling 2 consists of two 2 bedroom 1 bath units. Take a look at the opportunity today before it's gone!

Last Buyer's Agent

Vincent Lao

Five Star Realty, Inc. License #RB-18181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,260

Year Built

  • Built in 1934

Lot Details

  • 6,000 Sq Ft Lot
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,048 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Golf Course Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System

Community Details

  • Kapahulu Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-034-028-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,260

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Architectural Style: Detached, Duplex
  • Inclusions: AC Window Unit
  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Year Built: 1934
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Unit Levels: One
  • Living Area: 2048.0
  • New Construction: No
  • Roof: Asphalt, Shingle
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 1

Exterior Features

  • Construction Type: Wood Frame
  • Lot Features: Corner Lot, Other, Level
  • Pool Features: None
  • Property Condition: Average Condition
  • Topography: Level
  • View: Golf Course
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Three or more Spaces
  • Total Parking Spaces: 3.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Lot Info

  • Parcel Number: 1-2-7-034-028-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Tax Info

  • Tax Annual Amount: 4260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2019
Closed on
Jul 8, 2019
Sold by
Leong Jamie Charlene
Bought by
Chen Qiang and Wang Fang
Buyer's Agent
Vincent Lao
Five Star Realty, Inc.
List Price
$1,600,000
Sold Price
$1,200,000
Premium/Discount to List
-$400,000
-25%
Current Estimated Value
$1,691,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,933
Avg. Annual Appreciation
5.23%
Original Mortgage
$880,000
Outstanding Balance
$778,733
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$860,294

Purchase Details

Closed on
Apr 21, 2017
Sold by
Kohl Keith Jeffrey
Bought by
Leong Jamie Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 18, 2016
Sold by
Leong Jamie Charlene
Bought by
Leong Jamie Charlene and Kohl Keith Jeffrey

Purchase Details

Closed on
Jan 16, 2009
Sold by
Mau Richard A K
Bought by
Leong Jamie Charlene
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
Chen Qiang $1,200,000 Fam
Chen Qiang $1,200,000 Fam
Leong Jamie Charlene $1,000 First American
Leong Jamie Charlene $1,000 First American
Leong Jamie Charlene $17,000 None Available
Leong Jamie Charlene $17,000 None Available
Leong Jamie Charlene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Qiang $880,000
Closed Chen Qiang $880,000
Previous Owner Leong Jamie Charlene $300,000
Previous Owner Leong Jamie Charlene $185,000
Previous Owner Leong Jamie Charlene $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2019 07/11/19 Sold $1,200,000 -25.0% $586 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $1,600,000 -- $781 / 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 $5,676 $1,741,200 $1,610,000 $131,200
2024 $5,676 $1,741,700 $1,610,000 $131,700
2023 $5,079 $1,651,000 $1,523,800 $127,200
2022 $5,306 $1,616,100 $1,495,000 $121,100
2021 $4,920 $1,505,600 $1,380,000 $125,600
2020 $4,930 $1,508,700 $1,380,000 $128,700
2019 $4,255 $1,392,800 $1,265,000 $127,800
2018 $4,255 $1,295,800 $1,170,000 $125,800
2017 $4,015 $1,227,000 $1,080,000 $147,000
2016 $3,599 $1,108,400 $960,000 $148,400
2015 $3,268 $1,013,700 $870,000 $143,700
2014 $3,245 $951,200 $810,000 $141,200
Source: Public Records

Agents Affiliated with this Home

  • Vincent Lao

    Buyer's Agent in 2019

    Vincent Lao

    Five Star Realty, Inc.

    (808) 382-6871

    15 in this area

    217 Total Sales

    Vincent Lao
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201900961

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-034-028-0000

Hawaii Honolulu County Honolulu 96815 Diamond Head-Kapahula-Saint Louis

702 Palani Ave, Honolulu, HI

This home is located at 702 Palani Ave, Honolulu, HI 96816 since 01 January 2019 and is currently estimated at $1,691,933, approximately $826 per square foot. This property was built in 1934. 702 Palani Ave is a home located in Honolulu County with nearby schools including President Thomas Jefferson Elementary School, President George Washington Middle School, and Kaimuki High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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