NOT LISTED FOR SALE

74-5618 Palani Rd Unit M3 Kailua Kona, HI 96740

Estimated Value: $143,000 - $172,000

1 Bed
1 Bath
535 Sq Ft
$508/mo HOA Fee

Last Sold August 20, 2019

Last sale price $220,000 $411 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $1,473/month

18 Days on Market

Highlights

  • In Ground Pool
  • Jogging Path
  • Ceramic Tile Flooring
  • Lanai
  • Air Conditioning
  • Landscaped

About This Home

As of August 2019

Great opportunity for inexpensive living or use for vacation or long term rental. This condo has recently been completely remodeled — from top to bottom. Some of the major improvements include:
Screened in lanai adds living space and air flow.
All new appliances.
Granite counters in kitchen and bath.
Nicely modernized bath.
Pella double glazed windows throughout.
Double glazed sliding door to lanai.
Ceramic tile in living area. Engineered wood in bedroom.
Dining nook in kitchen with storage under seats.

Other facts for this complex:
HOA fees include gas for the range and also heats the water.
Amenities include a nice swimming pool, a charcoal grill, and picnic tables.
There is a shared laundry on site, with washers and dryers. It is coin operated.
Parking lots have recently been resurfaced and striped.
The complex has an on-site manager.
New management company for this complex has made huge progress in maintenance.
There was a special assessment to pay for that work, and the seller has paid that in full.
This is a leasehold property. The lease expires in 2034. The lease rent will be re-negotiated in 2029.

Financial details:
This must be a cash deal. No mortgages.
The monthly fees are a total of $508.04 which includes $50.92 to build the reserves to the required level.
The lease rent is paid twice a year, at $982.46 every six months. That works out to $163.74 per month, or $1,964.88 per year.

Last Agent to Sell the Property

Annie Howes

eXp Realty Brokerage Phone: 8089376256 License #RS-67492 Listed on: 07/01/2019

eXp Realty

Last Buyer's Agent

Rebecca Clancy

Hawaii Real Estate Group LLC License #RB-22167

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $542

Year Built

  • Built in 1969

Lot Details

  • Landscaped

HOA Fees

  • $508 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • 535 Sq Ft Home

Kitchen

  • Range
  • Microwave

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • In Ground Pool
  • Lanai

Utilities

  • Air Conditioning
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 3740100360090

Community Details

Overview

  • Kona Kai Community
  • Kona Industrial Subdivision

Recreation

  • Jogging Path

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$542

Year Built

Built in 1969

Lot Details

0

HOA Fees

$508 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: See Remarks, Walking/Jogging Path
  • ResoLaundryFeatures: Common Area
  • ResoLotFeatures: Landscaped, See Remarks
  • ResoSecurityFeatures: See Remarks, Smoke Detector(s)
  • Attribution Contact: 8089376256
  • Co List Office Phone: 8085892040
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: KONA INDUSTRIAL SUBDIVISION
  • Reso Interior Features: Enclosed Lanai, See Remarks
  • Living Area: 535.0
  • Property Attached Yn: Yes
  • Year Built: 1969
  • Tax Year: 2018
  • HIS_PoolYN: Yes
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • HIS_InternetAccess: Cable
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Range, Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Flooring: Ceramic Tile, Laminate
  • Total Bathrooms: 1

Exterior Features

  • Pool Features: In Ground
  • Waterfront: No
  • Exterior Features: Lightning, See Remarks
  • Roads: Other, Paved

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Cash, HIS Air Conditioning
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 508.04
  • Association Fee Frequency: Monthly
  • Project: Kona Kai

Lot Info

  • Zoning: CV-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3740100360090
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 542.0

Range of Values:

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Sold Price
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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 Borrower Loan Amount
Closed Snyder Gerry Wayne $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Off Market $75,000 -- --
08/20/2019 08/20/19 Sold $220,000 +69.2% $411 / Sq Ft
07/19/2019 07/19/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $129,999 +73.3% $243 / Sq Ft
04/10/2018 04/10/18 Sold $75,000 -6.1% $140 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $79,900 -- $149 / 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 $1,575 $134,800 $17,500 $117,300
2024 $1,575 $128,200 $17,500 $110,700
2023 $1,430 $116,400 $17,500 $98,900
2022 $1,227 $99,900 $17,500 $82,400
2021 $969 $78,900 $17,500 $61,400
2020 $992 $80,800 $17,500 $63,300
2019 $733 $119,400 $35,000 $84,400
2018 $543 $44,200 $17,500 $26,700
2017 $489 $39,800 $17,500 $22,300
2016 $455 $39,800 $17,500 $22,300
2015 $415 $39,800 $17,500 $22,300
2014 $415 $39,800 $17,500 $22,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Annie Howes

    eXp Realty

    (808) 937-6256

    7 in this area

    21 Total Sales

    Annie Howes
    Section Image

  • R

    Buyer's Agent in 2019

    Rebecca Clancy

    Hawaii Real Estate Group LLC

    24 in this area

    37 Total Sales

    Rebecca Clancy
    Section Image

  • T

    Buyer's Agent in 2018

    Tracey Davis

    Coldwell Banker Island Properties - Kamuela

    (808) 937-5413

    5 Total Sales

    Tracey Davis
    Section Image
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 629617

Hawaii Information Service (MLS Hawaii)

APN: 3-7-4-010-036-0090

Hawaii Hawaii County Kailua Kona 96740

74-5618 Palani Rd Unit M3, Kailua Kona, HI

This home is located at 74-5618 Palani Rd Unit M3, Kailua Kona, HI 96740 since 01 July 2019 and is currently estimated at $153,000, approximately $285 per square foot. This property was built in 1969. 74-5618 Palani Rd Unit M3 is a home located in Hawaii County with nearby schools including Kealakehe Elementary School, Kealakehe Intermediate School, and Kealakehe 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.

Hawaii Information Service (MLS Hawaii) Copyright 2025 MLS Hawaii, Inc. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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