NOT LISTED FOR SALE

735 Birch St Honolulu, HI 96814

Kakaako Neighborhood

Estimated Value: $1,910,738 - $2,379,000

-- Bed
1 Bath
2,992 Sq Ft
$692/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $1,950,000 $652 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,410/month

143 Days on Market

Highlights

  • Central Air
  • Level Lot
  • 2-minute walk to Sheridan Community Park
  • Property is in very good condition

About This Home

As of October 2023

Great Opportunity to build a 30 unit rental building in a prime location near Ala Moana Center in the heart of urban Honolulu. WalkScore gives the property a 98/100 as there are so many stores, restaurants, and jobs nearby. The property has been approved by the sewer department for 30 units. Architectural renderings are for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits, and 10 years of property tax abatement for a new building! The existing 3 unit apartment building features a 3 bedroom 2 bath on the ground floor and on the second floor there is 2 bedroom, 2 bath and a 1 bedroom, 1 bath. Each unit is separately metered for electric and water and has its own washer and dryer. There is a total of 7 parking stalls. Depending on the layout of the new building, it is possible to increase the number of parking stalls.

Last Agent to Sell the Property

Michael Babineck

Sunwide Properties License #RB-18299 Listed on: 05/23/2023

Last Buyer's Agent

Miki Kojima

Coldwell Banker Realty License #RS-85511

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,580

Year Built

  • Built in 1990 | Remodeled in 2004

Lot Details

  • 6,008 Sq Ft Lot
  • Level Lot
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Wood Frame Construction

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Sewer Tap Fee
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,580

Year Built

Built in 1990 | Remodeled in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 2992
  • Stories Type: Two
  • Year Built: 1990
  • Year Renovated: 2004
  • Attribution Contact: (808) 263-0034
  • Special Features: None
  • Stories: 2

Interior Features

  • Amenities: A/C

Exterior Features

  • Construction Type: Above Ground, Double Wall, Hollow Tile, Wood Frame
  • Easements: None
  • Flood Zone: Zone X
  • Lot Features: Clear
  • Property Condition: Above Average
  • Topography: Level
  • View: None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 7

Utilities

  • Utilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6579.60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2023
Closed on
Oct 10, 2023
Sold by
Birch One Llc
Bought by
Never Lose Investment Co Ltd
Seller's Agent
Michael Babineck
Sunwide Properties
Buyer's Agent
Miki Kojima
Coldwell Banker Realty
List Price
$2,149,000
Sold Price
$1,950,000
Premium/Discount to List
-$199,000
-9.26%
Current Estimated Value
$2,070,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,435
Avg. Annual Appreciation
2.98%
Original Mortgage
$850,000
Outstanding Balance
$833,474
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$1,236,961

Purchase Details

Listed on
Mar 23, 2019
Closed on
Oct 26, 2019
Sold by
Wilkins Molisa and Estate Of Tamaki Matsunaga Ber
Bought by
Birch One Llc
Seller's Agent
Karen Uehara
Affinity Realty
Buyer's Agent
Michael Babineck
Sunwide Properties
List Price
$2,200,000
Sold Price
$1,800,000
Premium/Discount to List
-$400,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,230,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2004
Sold by
Kenney Hiroko Imaizumi
Bought by
Berry Tamaki Matsunaga

Purchase Details

Closed on
Jan 15, 2003
Sold by
Martin Darlene Tomiko and Hirata Francine Kiyomi
Bought by
Kenney Hiroko Imaizumi

Purchase Details

Closed on
Apr 12, 1999
Sold by
Hirata Kishichiro
Bought by
Hirata Kishichiro and Kishichiro Hirata Revocable Living Trust
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
Never Lose Investment Co Ltd -- Fam
Birch One Llc $1,800,000 Tg
Birch One Llc $1,800,000 Tg
Berry Tamaki Matsunaga $800,000 --
Kenney Hiroko Imaizumi $607,000 --
Hirata Kishichiro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Never Lose Investment Co Ltd $850,000
Previous Owner Birch One Llc $1,230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2023 10/13/23 Sold $1,950,000 0.0% $652 / Sq Ft
09/02/2023 09/02/23 Off Market $1,950,000 -- --
06/11/2023 06/11/23 Price Changed $2,099,000 -2.3% $702 / Sq Ft
05/23/2023 05/23/23 For Sale $2,149,000 +19.4% $718 / Sq Ft
10/31/2019 10/31/19 Sold $1,800,000 +85614.3% $602 / Sq Ft View Prior Sale
10/01/2019 10/01/19 Pending -- -- --
07/25/2019 07/25/19 Rented $2,100 -4.5% --
06/25/2019 06/25/19 Under Contract -- -- --
05/09/2019 05/09/19 For Rent $2,200 0.0% --
03/23/2019 03/23/19 For Sale $2,200,000 -- $735 / 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 $6,609 $1,885,600 $1,532,000 $353,600
2024 $6,609 $1,888,400 $1,532,000 $356,400
2023 $6,212 $1,879,900 $1,532,000 $347,900
2022 $6,212 $1,774,800 $1,441,900 $332,900
2021 $6,472 $1,849,100 $1,502,000 $347,100
2020 $6,005 $1,715,700 $1,441,900 $273,800
2019 $5,279 $1,694,600 $1,411,900 $282,700
2018 $5,279 $1,508,200 $1,231,600 $276,600
2017 $5,505 $1,572,900 $1,171,600 $401,300
2016 $5,314 $1,518,300 $1,111,500 $406,800
2015 $4,848 $1,385,100 $991,300 $393,800
2014 -- $1,246,500 $901,200 $345,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Michael Babineck

    Sunwide Properties

    (808) 263-0034

    1 in this area

    15 Total Sales

    Michael Babineck
    Section Image
  • Miki Kojima

    Buyer's Agent in 2023

    Miki Kojima

    Coldwell Banker Realty

    (808) 596-0456

    2 in this area

    14 Total Sales

    Miki Kojima
    Section Image

  • J

    Seller's Agent in 2019

    John Ohama

    Honolulu Land Company, LLC

    (808) 224-4333

    3 in this area

    32 Total Sales

    John Ohama
    Section Image

  • K

    Seller's Agent in 2019

    Karen Uehara

    Affinity Realty

    (808) 748-8800

    1 in this area

    30 Total Sales

    Karen Uehara
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202311374

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-014-021-0000

Hawaii Honolulu County Honolulu 96814 Kakaako

735 Birch St, Honolulu, HI

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