NOT LISTED FOR SALE

75-5545 Hahai St Holualoa, HI 96725

Estimated Value: $1,481,000 - $1,809,000

3 Beds
2 Baths
1,900 Sq Ft
$857/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,275,000 $671 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,872/month

74 Days on Market

Highlights

  • Ocean View
  • High Ceiling
  • 1-Story Property
  • Gated Community
  • 2 Car Attached Garage
  • Lot Has A Rolling Slope

About This Home

As of August 2021

RARE OPPORTUNITY! Nestled at the top of the well established and gated neighborhood of Hualalai Farms, this 5 acre estate emulates peace and tranquility while being just 15 minutes from downtown Kailua-Kona.

At a cool 2300’ elevation, this 3 bedroom, 2 bath home is surrounded by larger parcels of land with lots of privacy and offers expansive ocean, sunset, mountain, and unique treeline views. The house has been designed with 360 degree views with large windows, bringing the beauty of nature in, while you listen to the birds singing in the ‘ohia trees.

If you’re looking for a farming or equestrian estate, this is it - the land has been cleared and terraced to several flat pads with additional building or workshop potential, is rich in soil, and even has seasonal artesian springs. Over 100 Camellia sinensis (Japanese green tea) plants have already been planted, along with avocado, ‘ulu (breadfruit), and several varieties of citrus fruit trees. There is a functioning greenhouse with irrigation and the majority of the property is covered with established, mowable grass.

This home has been upgraded extensively, including:

*Remodeled kitchen with new cabinets, quartzite countertops, and appliances at the end of 2020
*Exterior & interior painting of the entire home in 2020
*800 sq. ft. lanai covered and decking replaced with synthetic decking in 2019
*Luxury vinyl plank flooring installed in 2017
*Roof replaced in 2015
*Nearly 1,400 sq. ft. of covered storage underneath the house.

If you’re looking to get away from it all and start your Hawaiian homestead, this is your happily-ever-after!

Last Buyer's Agent

Penn Henderson

NextHome Paradise Realty License #RS-83962

NextHome Paradise Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,753

Year Built

  • Built in 1988

Lot Details

  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Grass Covered Lot
  • Property is zoned A-5A

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Mountain

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • See Through Fireplace
  • Vinyl Flooring

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cesspool
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 3750130450000

Community Details

Overview

  • Hualalai Farms Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,753

Year Built

Built in 1988

Lot Details

0

HOA Fees

$54 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: Grassy
  • ResoSecurityFeatures: Gated Community
  • Attribution Contact: 8089387611
  • Co List Office Phone: 8083311300
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HUALALAI FARMS
  • Reso Interior Features: High Ceilings
  • Living Area: 1900.0
  • Property Attached Yn: No
  • Year Built: 1988
  • Tax Year: 2020
  • HIS_PoolYN: No
  • Unit Description: Single Family Home, Single Level
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: None
  • HIS_InUseAsShortTermVacationRentalYN: No
  • HIS_InternetAccess: Cable
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Fireplace Features: See Through, Wood Burning
  • Full Bathrooms: 2
  • Flooring: Vinyl
  • Total Bathrooms: 2

Exterior Features

  • Topography: Rolling Terrain
  • View: HIS Coastline, Mountain(s), Ocean, Ocean Horizon
  • Waterfront: No
  • Roads: Paved, Private

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached

Utilities

  • Sewer: Cesspool
  • Utilities: Cable Available, Electricity Available, Phone Available

Condo/Co-op/Association

  • Association Fee: 54.0
  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-5A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3750130450000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3753.0
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Lee Sang Jung
Bought by
Bunz Revocable Trust
Current Estimated Value
$1,627,832

Purchase Details

Listed on
Apr 7, 2021
Closed on
Aug 25, 2021
Sold by
Duarte Wesley Joseph and Linhart Julia Rose
Bought by
Lee Sang Jung
Buyer's Agent
Penn Henderson
NextHome Paradise Realty
List Price
$1,549,000
Sold Price
$1,275,000
Premium/Discount to List
-$274,000
-17.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$956,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2015
Closed on
Jun 24, 2015
Sold by
Bencar Gary Ray and Bencar Janice Lee
Bought by
Duarte Wesley Joseph and Linhart Julia Rose
Seller's Agent
Robert Wilkinson
Corcoran Pacific Properties
Buyer's Agent
Carrie Nicholson
Kohanaiki Realty LLC
List Price
$789,000
Sold Price
$740,000
Premium/Discount to List
-$49,000
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$592,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2000
Sold by
Jermain Matt and Jermain Max
Bought by
Hanson Scott Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
7.86%

Purchase Details

Closed on
May 17, 1994
Sold by
Maruyama Chett Akito
Bought by
Bencar Gary Ray and Bencar Janice Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,700
Interest Rate
8.3%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Bunz Revocable Trust -- --
Lee Sang Jung $1,275,000 Tg
Duarte Wesley Joseph -- Fidelity Natl Title & Escrow
Hanson Scott Ronald $516,000 --
Bencar Gary Ray $387,700 First Hawaii Title Corporati
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bunz Revocable Trust $224,000
Previous Owner Lee Sang Jung $956,250
Previous Owner Duarte Wesley Joseph $477,500
Previous Owner Duarte Wesley Joseph $592,000
Previous Owner Bencar Gary Ray $200,000
Previous Owner Bencar Gary Ray $150,000
Previous Owner Hanson Scott Ronald $416,000
Previous Owner Bencar Gary Ray $57,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,275,000 -17.7% $671 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $1,549,000 +109.3% $815 / Sq Ft
06/30/2015 06/30/15 Sold $740,000 -6.2% $389 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $789,000 -- $415 / 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 $13,745 $1,634,000 $728,100 $905,900
2024 $13,745 $1,470,100 $610,400 $859,700
2023 $10,614 $1,135,200 $553,200 $582,000
2022 $8,158 $1,080,500 $498,500 $582,000
2021 $3,889 $752,300 $410,600 $341,700
2020 $3,754 $730,400 $405,400 $325,000
2019 $3,623 $709,100 $405,400 $303,700
2018 $3,496 $688,400 $415,400 $273,000
2017 $3,454 $681,600 $415,400 $266,200
2016 $3,344 $663,700 $393,800 $269,900
2015 -- $555,000 $329,000 $226,000
2014 -- $538,800 $311,500 $227,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 648902

Hawaii Information Service (MLS Hawaii)

APN: 3-7-5-013-045-0000