NOT LISTED FOR SALE

74-4898 Mamalahoa Hwy Holualoa, HI 96725

Estimated Value: $978,000 - $1,758,119

-- Bed
1 Bath
512 Sq Ft
$2,672/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $265,000 $518 Per Sq Ft

Est. 416% increase in value since last sale

Current estimated payment $7,924/month

12 Days on Market

Highlights

  • Ocean View
  • Terraced Lot
  • Carpet
  • Wooded Lot
  • Grass Covered Lot

About This Home

As of October 2018

Wow! That's a very low price! What's the catch?
1. The prior owner is still in possession of the property. Buyer will be responsible for obtaining possession after closing.
2. There is a recorded mortgage on title that will likely need court action to remove. Buyer will be responsible for removal for this and any other title defects after closing. Ask your agent and attorney for more information.
Yes, this property is a project, but it is priced low with those issues in mind.
Here are the good details:
Five lush secluded acres in Holualoa with ocean views of the harbor and coastline. Property has a small permitted house and permitted outbuildings, along with a couple of unpermitted open-air kitchen areas and four small ag cabins which would be perfect for a yoga or wellness retreat. There is also the frame for a hoop house structure and several animal sheds. Property once had an electric meter, but now runs on permitted solar. It is connected to county water, but also has a catchment tank. Papayas, bananas, lilikoi, and much more. No CC&Rs! Property is fenced and gated. It is also terraced with concrete driveway accessing the different levels.
Property is not encumbered by any leases or occupancy agreements. However, property was purchased at the County of Hawaii Tax Sale, and the prior owner has not removed his personal possessions and might still be accessing or living on the property. Current owner will not be responsible for removing prior owner or his possessions. Cash purchase only. No showings. Pictures and descriptions are from August 2017 and may not represent current property condition. Although the structures appear to be in good shape, the property is overgrown needs a lot of TLC. Conveyance will be via quit claim deed.
Buyer and buyer's agent to do all due diligence.
OWNER/AGENT

Last Agent to Sell the Property

Kyra Bronson

LUVA LLC Brokerage Phone: 8082386194 License #RB-23930 Listed on: 08/31/2018

Last Buyer's Agent

Marco Silva

Coldwell Banker Island Properties - Kona License #RB-20599

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,189

Year Built

  • Built in 1987

Lot Details

  • Property fronts a state road
  • Terraced Lot
  • Wooded Lot
  • Grass Covered Lot
  • Property is zoned A-5A

Interior Spaces

  • 1 Full Bathroom
  • 512 Sq Ft Home
  • Carpet
  • Ocean Views

Utilities

  • Cistern
  • Cesspool

Community Details

  • Honokohau 1St & 2Nd Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 3740060210000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,189

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Reso Fencing: Other
  • ResoLotFeatures: Grassy, Wooded
  • Attribution Contact: 8082386194
  • Co List Office Phone: 8087280223
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HONOKOHAU 1ST & 2ND
  • Elevation: 1257
  • Living Area: 512.0
  • Property Attached Yn: No
  • Year Built: 1987
  • Tax Year: 2017
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Full Bathrooms: 1
  • Flooring: Carpet
  • Total Bathrooms: 1

Exterior Features

  • Topography: Terraced
  • View: HIS Sunset, Ocean, Ocean Horizon
  • Waterfront: No
  • Roads: Paved, State

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Electricity Available, Other, Water Available
  • Water Source: Cistern, Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-5A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3740060210000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2189.0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2022
Sold by
Otare Kapena T and Otare Shantell K
Bought by
Kapena T Otare And Shantell K Otare Trust
Current Estimated Value
$1,368,060

Purchase Details

Closed on
Apr 16, 2021
Sold by
Sko Assets Llc
Bought by
Otare Kapena T and Otare Shantell K

Purchase Details

Listed on
Aug 31, 2018
Closed on
Oct 1, 2018
Sold by
Burr Bronson Kyra Mikel and Burr Bronson Richard
Bought by
Sko Assets Llc
Seller's Agent
Kyra Bronson
LUVA LLC
Buyer's Agent
Marco Silva
Coldwell Banker Island Properties - Kona
List Price
$289,000
Sold Price
$265,000
Premium/Discount to List
-$24,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.86%

Purchase Details

Closed on
Sep 21, 2017
Sold by
Tomei Collins
Bought by
Burr Bronson Kyla Mikel and Burr Bronson Richard

Purchase Details

Closed on
Dec 20, 1999
Sold by
Mahoney John Joseph
Bought by
Prince Malachi D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.69%
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
Kapena T Otare And Shantell K Otare Trust -- Darl C Gleed Lllc
Otare Kapena T -- Darl C Gleed Lllc
Kapena T Otare And Shantell K Otare Trust -- Darl C Gleed Lllc
Otare Kapena T -- Darl C Gleed Lllc
Otare Kapena T -- None Available
Sko Assets Llc -- Fam
Burr Bronson Kyla Mikel -- None Available
Prince Malachi D $397,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otare Kapena T $520,000
Previous Owner Prince Malachi D $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $265,000 -8.3% $518 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $289,000 -- $564 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

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 $5,634 $849,800 $766,900 $82,900
2024 $5,634 $752,600 $673,000 $79,600
2023 $2,932 $626,700 $552,700 $74,000
2022 $5,349 $572,100 $498,100 $74,000
2021 $4,548 $486,400 $419,300 $67,100
2020 $4,385 $469,000 $404,100 $64,900
2019 $4,380 $468,500 $404,100 $64,400
2018 $3,219 $344,300 $288,300 $56,000
2017 $2,190 $342,800 $288,300 $54,500
2016 $2,026 $323,700 $273,200 $50,500
2015 -- $349,800 $306,100 $43,700
2014 -- $304,500 $260,300 $44,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 619484

Hawaii Information Service (MLS Hawaii)

APN: 3-7-4-006-021-0000