NOT LISTED FOR SALE

Summer Villa 737 Olokele Ave Unit 501 Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $288,000 - $396,000

1 Bed
1 Bath
520 Sq Ft
0.52 Acres

Last Sold March 28, 2023

Last sale price $404,000 $777 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,980/month

27 Days on Market

Highlights

  • Golf Course View
  • Community Pool
  • Secure Parking
  • 22,738 Sq Ft lot
  • Resident Manager or Management On Site
  • Property is in very good condition

About This Home

As of March 2023

Priced right and ready to move in! 1bed/1bath/1parking unit at Summer Villa in low density Kapahulu neighborhood!
Fresh paint, clean & modern unit and a large open lanai with Ala Wai Golf Course and Waikiki skyline view, DH in the distance. Rare unit with permitted SPLIT AC (living room AND bedroom) for hot Summer and high humidity nights. Dishwasher was added to complete a kitchen renovation (2017). Easy access to H-1 Freeway, Waikiki, UH and Chaminade, grocery shopping at Safeway, many eateries, Leonard's malasadas and Ululani's shave ice! *2023 maintenance Fee $487.59 (includes electricity & hot water) + reserve $173.06, $30/month for split A/C. Pet friendly building (please verify).

Last Agent to Sell the Property

Misa Kataoka

Moana Realty LLC License #RB-22761 Listed on: 02/23/2023

Last Buyer's Agent

Erik Taniguchi

Keller Williams Honolulu License #RB-20223

Keller Williams Honolulu

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,272

Year Built

  • Built in 1979

Lot Details

  • 0.52

Property Views

  • Golf Course
  • City
  • Diamond Head

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 520 Sq Ft Home
  • Partially Furnished
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Automatic Garage Door Opener
  • Assigned Parking
  • Secure Parking

Additional Features

  • Property is in very good condition
  • Mini Split Air Conditioners

Community Details

Overview

  • Association fees include common expenses
  • High-Rise Condominium
  • Summer Villa Condos

Recreation

  • Community Pool

Additional Features

  • Trash Chute
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,272

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Architectural Style: High-Rise 7+ Stories
  • Building Name: Summer Villa
  • Inclusions: AC Split, Auto Garage Door Opener, Dishwasher, Disposal, Dryer, Microwave Hood, Range/Oven, Refrigerator, Washer
  • Prop. Type: Condo/Townhouse
  • Sq Ft RoofedLiving: 520
  • Fill Sq Ft Total: 622
  • Stories Type: 15-20
  • Year Built: 1979
  • Attribution Contact: hi9272000@gmail.com
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Amenities: Condo Association Pool, Resident Manager, Trash Chute
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Laminate
  • Entry Floor: 5
  • Furnished: Partial
  • Unit Features: Odd# Unit

Exterior Features

  • Construction Type: Concrete
  • Flood Zone: Zone AE
  • Property Condition: Above Average
  • View: City, Diamond Head, Golf Course

Garage/Parking

  • Parking Features: Assigned, Open - 1, Secured Entry
  • Total Parking Spaces: 1

Association/Amenities

  • AssociationFee2Includes: Other Common Expenses

Multi Family

  • Maintenance Expense: 660.65

Tax Info

  • Tax Annual Amount: 1272.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Mar 22, 2023
Sold by
Hikida Hideko
Bought by
Kono Thomas Un
Seller's Agent
Misa Kataoka
Moana Realty LLC
Buyer's Agent
Erik Taniguchi
Keller Williams Honolulu
List Price
$399,000
Sold Price
$404,000
Premium/Discount to List
$5,000
1.25%
Current Estimated Value
$358,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,982
Avg. Annual Appreciation
-4.00%

Purchase Details

Closed on
Dec 12, 2005
Sold by
Scott Savannah Diane
Bought by
Hikida Hideko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 20, 2004
Sold by
Asuncion Juanita Muguerza
Bought by
Scott Savannah Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 26, 2003
Sold by
Chang Tyrus Kwai Lee
Bought by
Asuncion Juanita Muguerza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,740
Interest Rate
5.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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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
Kono Thomas Un -- First American Title
Hikida Hideko $305,000 --
Scott Savannah Diane $205,000 --
Asuncion Juanita Muguerza $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hikida Hideko $274,500
Previous Owner Scott Savannah Diane $153,750
Previous Owner Asuncion Juanita Muguerza $137,740
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Off Market $404,000 -- --
03/28/2023 03/28/23 Sold $404,000 +1.3% $777 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $399,000 -- $767 / 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 $982 $393,500 $56,100 $337,400
2024 $982 $400,700 $56,100 $344,600
2023 $1,314 $375,500 $53,100 $322,400
2022 $1,274 $364,000 $52,100 $311,900
2021 $1,248 $356,500 $48,100 $308,400
2020 $1,323 $378,000 $48,100 $329,900
2019 $999 $365,300 $44,100 $321,200
2018 $893 $335,100 $48,600 $286,500
2017 $840 $319,900 $44,800 $275,100
2016 $806 $310,300 $39,900 $270,400
2015 $816 $313,000 $36,100 $276,900
2014 $664 $301,700 $33,600 $268,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Misa Kataoka

    Moana Realty LLC

    (808) 927-2000

    1 in this area

    3 Total Sales

    Misa Kataoka
    Section Image
  • Erik Taniguchi

    Buyer's Agent in 2023

    Erik Taniguchi

    Keller Williams Honolulu

    (808) 285-3422

    8 in this area

    285 Total Sales

    Erik Taniguchi
    Section Image
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About Summer Villa

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202300373

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-035-079-0008

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

737 Olokele Ave Unit 501, Honolulu, HI

This home is located at 737 Olokele Ave Unit 501, Honolulu, HI 96816 since 23 February 2023 and is currently estimated at $358,018, approximately $688 per square foot. This property was built in 1979. 737 Olokele Ave Unit 501 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.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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