$158,000
SOLD AUG 9, 2021

74-5618 Palani Rd Unit J2 Kailua Kona, HI 96740

Kailua Kona Neighborhood
2 Beds
1 Bath
624 Sq Ft
$613/mo HOA Fee

Recently Sold

$253 Per Sq Ft

4% Below List Price

28 Days on Market

About This Home

As of May 2025

This is a leasehold property. This upper unit has a beautiful kitchen with granite counters, newer cabinets, a brand new modern bathroom and two bedrooms, one with a sunset oceanview, the other with a garden view. The Kona Kai Complex allows for Full-time living, second homes and short-term vacation rentals. Comparable 2 bedroom units are currently renting for approximately $225 per night short term, $1,950 per month long term unfurnished, and $2,250 long term furnished. All rents are subject to the owner's discretion and Hawaii County does require a permit for short-term rentals. Please confirm any rental prices you may consider with your on-island property manager.
Many chose to live here full time as it is central to all Kona has to offer, has a peaceful lanai to enjoy throughout the day, and has a pool and BBQ area to enjoy right on the property if a walk to the beach seems too much effort.
AOAO dues include water, hot water, propane for cooking, rubbish removal, landscaping, insurance on the buildings, common area electric and pool maintenance.
This unit has 1 assigned parking space # J-2

Last Agent to Sell the Property

Rebecca Clancy

Hawaii Real Estate Group LLC Brokerage Phone: 8089900437 License #RB-22167 Listed on: 06/11/2021

Last Buyer's Agent

Jamie Russell

Found It LLC License #RS-70832

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,166

Year Built

  • Built in 1969

Lot Details

  • No Unit Above or Below

HOA Fees

  • $613 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 624 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Blinds

Kitchen

  • Range
  • Microwave

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • Kona Kai Community
  • Kona Industrial Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3740100360067

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,166

Year Built

Built in 1969

Lot Details

0

HOA Fees

$613 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Attribution Contact: 8089900437
  • Co List Office Phone: 8888199669
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KONA INDUSTRIAL SUBDIVISION
  • Unit Levels: Two
  • Living Area: 624.0
  • Property Attached Yn: Yes
  • Reso Window Features: Blinds, Drapes
  • Year Built: 1969
  • Tax Year: 2020
  • HIS_PoolYN: No
  • Unit Description: No Unit Above or Below, Walk-Up
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable, DSL
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 1

Exterior Features

  • Waterfront: No
  • Roads: Paved

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Cash
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 613.38
  • Association Fee Frequency: Monthly
  • Project: Kona Kai

Lot Info

  • Zoning: CV-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3740100360067
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1166.0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $15,400 Stand Alone Second
Closed $138,600 Unknown
Closed $44,000 No Value Available
Closed $8,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $160,000 0.0% $256 / Sq Ft
04/10/2025 04/10/25 For Sale $160,000 +23.1% $256 / Sq Ft
11/25/2024 11/25/24 Sold $130,000 -18.2% $208 / Sq Ft
11/15/2024 11/15/24 For Sale $159,000 0.0% $255 / Sq Ft
10/18/2024 10/18/24 Off Market $159,000 -- --
10/15/2024 10/15/24 Off Market $159,000 -- --
10/13/2024 10/13/24 For Sale $159,000 0.0% $255 / Sq Ft
10/02/2024 10/02/24 For Sale $159,000 +0.6% $255 / Sq Ft
08/09/2021 08/09/21 Sold $158,000 -4.2% $253 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $165,000 +243.8% $264 / Sq Ft
09/05/2016 09/05/16 Off Market $48,000 -- --
06/07/2016 06/07/16 Sold $48,000 -5.9% $77 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
09/15/2015 09/15/15 For Sale $51,000 +96.2% $82 / Sq Ft
05/02/2014 05/02/14 Sold $26,000 -5.5% $42 / Sq Ft
05/02/2014 05/02/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $27,500 -- $44 / 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 $213 $144,800 $21,100 $123,700
2024 $213 $140,600 $21,100 $119,500
2023 $211 $136,500 $21,100 $115,400
2022 $1,441 $117,300 $21,100 $96,200
2021 $1,138 $92,700 $21,100 $71,600
2020 $1,167 $95,000 $21,100 $73,900
2019 $865 $140,800 $42,200 $98,600
2018 $642 $52,300 $21,100 $31,200
2017 $580 $47,200 $21,100 $26,100
2016 $540 $47,200 $21,100 $26,100
2015 $492 $47,200 $21,100 $26,100
2014 $492 $47,200 $21,100 $26,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 651159

Hawaii Information Service (MLS Hawaii)

APN: 3-7-4-010-036-0067