NOT LISTED FOR SALE

Summer Villa 737 Olokele Ave Unit 1602 Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $312,000 - $491,000

1 Bed
1 Bath
537 Sq Ft
$522/mo HOA Fee

Last Sold December 11, 2020

Last sale price $430,000 $801 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,658/month

34 Days on Market

Highlights

  • 22,738 Sq Ft lot
  • Community Pool
  • Views
  • End Unit
  • Building Patio
  • Card or Code Access

About This Home

As of December 2020

Renovated in 2020, this top-floor corner/end 1-bed 1-bath condo is conveniently located in the Kapahulu neighborhood. The Summer Villa is conveniently located, offset from main roads yet near Date St and Kapahulu Blvd which will get you where you want to go. Close to public transportation stops and in a very walkable and bikeable area! Mountain and sunrise views, the unit faces east so it won't get too hot, nice breeze. Pet-friendly, VA-approved, long lanai, pool on property, guest parking, car wash, resident manager, washer/dryer in-unit, covered gated parking, new range/microwave hood/fridge, all within a secure and well-maintained building. Short minutes to the beach, Diamond Head, Ala Moana Center, parks, golf courses, restaurants, Iolani School, grocery stores and more! Easy to see!

Last Agent to Sell the Property

Zeus Kang

Drop - 2023 License #RS-78722 Listed on: 10/08/2020

Drop - 2023

Co-Listed By

Juliet Lalouel

Real Broker, LLC License #RS-80670

Last Buyer's Agent

James Chan

Compass License #RB-20132

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,392

Year Built

  • Built in 1979

Lot Details

  • End Unit
  • Property is in excellent condition

HOA Fees

  • $522 Monthly HOA Fees

Home Design

  • 537 Sq Ft Home
  • Entry on the 15th floor

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Covered Parking
  • Guest Parking
  • Assigned Parking

Schools

  • Ala Wai Elementary School
  • Washington Middle School
  • Kaimuki High School

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-035-079-0079

Community Details

Overview

  • Association fees include common areas, electricity, hot water, sewer, water
  • Summer Villa Condos
  • Kapahulu Subdivision

Amenities

  • Building Patio
  • Community Deck or Porch
  • Trash Chute

Recreation

  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,392

Year Built

Built in 1979

Lot Details

0

HOA Fees

$522 per month

Listing Details

  • Architectural Style: High Rise
  • Building Name: Summer Villa
  • Co List Office Mls Id: EXPI
  • Inclusions: Disposal,Dryer,Microwave Hood,Range/Oven,Refrigerator,Washer
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1979
  • CommunityFeatures: Deck/Porch, Patio, Pool, Trash Chute
  • SecurityFeatures: Closed Circuit Camera(s), Key Card Entry
  • Association Amenities: Management
  • Pets Allowed: Call
  • Co List Office Phone: (808) 725-2794
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Entry Level: 15
  • Living Area: 537.0
  • New Construction: No
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • Construction Type: Concrete
  • Property Condition: Excellent, Updated/Remodeled
  • View: Mountain(s), Sunrise
  • View: Yes
  • Disclosures: Seller Disclosure
  • Common Walls: End Unit

Garage/Parking

  • Parking Features: Assigned, Covered, Guest, One Space
  • Total Parking Spaces: 1.0

Condo/Co-op/Association

  • Association Fee: 522.0

Fee Information

  • Association Fee Includes: Common Areas, Electricity, Hot Water, Sewer, Water

Schools

  • Elementary School: Ala Wai
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-2-7-035-079-0079
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Maintenance Expense: 522.0

Tax Info

  • Tax Annual Amount: 1392.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 7, 2020
Sold by
808 Investment Group Inc
Bought by
Lsakakibara Ryo Danie
Seller's Agent
Zeus Kang
Drop - 2023
Buyer's Agent
James Chan
Compass
List Price
$425,000
Sold Price
$430,000
Premium/Discount to List
$5,000
1.18%
Current Estimated Value
$384,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,260
Avg. Annual Appreciation
-2.43%
Original Mortgage
$322,500
Outstanding Balance
$288,937
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$93,165

Purchase Details

Listed on
Jun 1, 2020
Closed on
Sep 10, 2020
Sold by
Tokumaru Robert Shigeo
Bought by
808 Investment Group Inc
Seller's Agent
Jodee Farm
Locations LLC
Buyer's Agent
Zeus Kang
Drop - 2023
List Price
$399,000
Sold Price
$325,000
Premium/Discount to List
-$74,000
-18.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
221.07%
Original Mortgage
$243,750
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2006
Sold by
Mi Jane Chang and Mi Jane
Bought by
Tokumaru Robert Shigeo

Purchase Details

Closed on
Dec 17, 2003
Sold by
Mun Dennis Kam Hoo
Bought by
Mi Jane Chang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.03%
Mortgage Type
Unknown
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
Lsakakibara Ryo Danie $430,000 Or
Lsakakibara Ryo Danie $430,000 Or
808 Investment Group Inc $325,000 Premier Title
808 Investment Group Inc $325,000 Premier Title
Tokumaru Robert Shigeo $310,000 Itc
Mi Jane Chang $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lsakakibara Ryo Danie $322,500
Closed Lsakakibara Ryo Danie $322,500
Previous Owner 808 Investment Group Inc $243,750
Previous Owner Mi Jane Chang $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $430,000 +1.2% $801 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $425,000 +30.8% $791 / Sq Ft
09/15/2020 09/15/20 Sold $325,000 -18.5% $605 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $399,000 -- $743 / 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 $1,146 $442,300 $58,000 $384,300
2024 $1,146 $447,300 $58,000 $389,300
2023 $818 $433,700 $54,900 $378,800
2022 $1,122 $420,600 $53,800 $366,800
2021 $1,331 $380,200 $49,700 $330,500
2020 $1,397 $399,200 $49,700 $349,500
2019 $1,230 $381,300 $45,600 $335,700
2018 $1,230 $351,400 $50,200 $301,200
2017 $1,177 $336,300 $46,300 $290,000
2016 $1,143 $326,600 $41,200 $285,400
2015 $1,156 $330,400 $37,300 $293,100
2014 $998 $318,500 $34,700 $283,800
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2020

    Zeus Kang

    Drop - 2023

    Section Image

  • J

    Seller's Agent in 2020

    Jodee Farm

    Locations LLC

    (808) 735-4200

    1 in this area

    83 Total Sales

    Jodee Farm
    Section Image
  • Juliet Lalouel

    Seller Co-Listing Agent in 2020

    Juliet Lalouel

    Real Broker, LLC

    (808) 518-0288

    3 in this area

    110 Total Sales

    Juliet Lalouel
    Section Image
  • James Chan

    Buyer's Agent in 2020

    James Chan

    Compass

    (808) 551-7966

    8 in this area

    179 Total Sales

    James Chan
    Section Image
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About Summer Villa

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202026682

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-035-079-0079

Hawaii Honolulu County Honolulu 96816 Diamond Head-Kapahula-Saint Louis

737 Olokele Ave Unit 1602, Honolulu, HI

This home is located at 737 Olokele Ave Unit 1602, Honolulu, HI 96816 since 08 October 2020 and is currently estimated at $384,740, approximately $716 per square foot. This property was built in 1979. 737 Olokele Ave Unit 1602 is a home located in Honolulu County with nearby schools including Ala Wai 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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