NOT LISTED FOR SALE

94-6434 Palaoa Rd Naalehu, HI 96772

Estimated Value: $407,000

3 Beds
3 Baths
1,282 Sq Ft
$317/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $380,000 $296 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,269/month

159 Days on Market

About This Home

As of June 2018

If you've been searching for the perfect small home and vacation rental business in a quiet location, look no further! This popular "Hawaii Hideaway" consists of three parcels of land totaling 1.38 acres, where you and your visitors will enjoy bird songs in the morning, lush gardens during the day, and twinkling stars at night. Each parcel has its own charming studio accommodations: a permitted cottage with kitchen, a non-permitted cabin, and a spacious yurt with bathhouse. All structures come turnkey furnished, each with its own bathroom, solar power, on-demand propane hot water, and wifi. All solar systems have new batteries as of 12/12/18 for high level performance for quite some time! This beautiful retreat is a garden paradise with an abundance of tropical fruit and flora, and is located near popular South Point, Green Sands Beach, Punaluu Black Sand Beach, quaint Naalehu town, and 40 miles from Volcano National Park.

The owners have been growing the business, grossing approx. $38,000 in 2016, and $61,000 in 2017 from 2 rentals. Everything is in place for a new owner to step in and enjoy the fruits of love and labor that make this a highly-rated, eco-friendly destination.

This listing is for all three parcels, all improvements, and the vacation rental business. The "bedroom/bath count" reflects the 3 separate accommodations and does NOT match tax records.
3-9-4-10-45: 19,809 sf/land w/256 sf non-permitted cabin w/bathroom.
3-9-4-10-46: 18,102 sf/land w/320 sf permitted cottage w/kitchen, bathroom, large lanai and ocean view.
3-9-4-10-47: 22,421 sf/land w/706 sf yurt & 96 sf bathhouse.
Hawaii County allows one permitted dwelling per parcel, so there is potential to expand or even sell the parcels separately in the future.

Organically grown fruits include avocado, banana, pineapple, papaya, citrus, mango, fig, passionfruit, starfruit, macadamia nut, and more!

Last Agent to Sell the Property

Marni Shirley

Aloha Pacific Realty Brokerage Phone: 8089896556 License #RB-17969 Listed on: 11/17/2017

Last Buyer's Agent

Amy Flanders

Equity Hawaii Real Estate LLC License #RS-78289

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,171

Year Built

  • Built in 2007

Lot Details

  • Unpaved Streets
  • Property is zoned A-1A

Interior Spaces

  • 1,282 Sq Ft Home
  • Blinds
  • Range
  • Washer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cesspool

Community Details

  • Mark Twain Estates Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Legal Lot and Block 7 / 22
  • Assessor Parcel Number 3940100460000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,171

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Single Family Residence
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: MARK TWAIN ESTATES
  • Living Area: 1282.0
  • Property Attached Yn: No
  • Reso Window Features: Blinds
  • Year Built: 2007
  • Tax Year: 2017
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_OtherBuildingArea: 408
  • HIS_SolidWasteDisposal: Other (remarks)
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Full Bathrooms: 3

Exterior Features

  • Waterfront: No
  • Roads: Unpaved

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: Cash
  • Sewer: Cesspool
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: A-1A
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3940100460000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1170.63
  • Tax Block: 22
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2017
Closed on
Jun 11, 2018
Sold by
Neff Harrison Peter Howard and Neff Harrison Sara
Bought by
Sarbin Barbara G
Seller's Agent
Marni Shirley
Aloha Pacific Realty
Buyer's Agent
Amy Flanders
Equity Hawaii Real Estate LLC
List Price
$450,000
Sold Price
$380,000
Premium/Discount to List
-$70,000
-15.56%
Current Estimated Value
$407,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,000
Avg. Annual Appreciation
0.94%

Purchase Details

Listed on
Jun 29, 2015
Closed on
Jan 20, 2016
Sold by
Dietrich Antje and Bischoff Iris Sybill
Bought by
Neff Harrison Peter Howard and Neff Harrison Sara
Seller's Agent
Robyn Baglow
The Land Office, LLC
Buyer's Agent
Marni Shirley
Aloha Pacific Realty
List Price
$168,000
Sold Price
$165,000
Premium/Discount to List
-$3,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.77%
Original Mortgage
$160,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 5, 2004
Sold by
Price Douglas Robert
Bought by
Dietrich Antje and Bischoff Iris Sybill
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
Sarbin Barbara G $380,000 Fam
Neff Harrison Peter Howard $320,000 Fidelity Natl Title & Escrow
Dietrich Antje $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neff Harrison Peter Howard $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2018 09/20/18 Off Market $380,000 -- --
06/18/2018 06/18/18 Sold $380,000 -15.6% $296 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
11/17/2017 11/17/17 For Sale $450,000 +172.7% $351 / Sq Ft
04/25/2016 04/25/16 Off Market $165,000 -- --
01/26/2016 01/26/16 Sold $165,000 -1.8% $516 / Sq Ft View Prior Sale
10/14/2015 10/14/15 Pending -- -- --
06/29/2015 06/29/15 For Sale $168,000 -- $525 / 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 $1,668 $159,500 $57,800 $101,700
2024 $1,668 $150,300 $53,800 $96,500
2023 $1,584 $142,700 $52,900 $89,800
2022 $1,537 $138,500 $48,700 $89,800
2021 $1,152 $103,800 $25,400 $78,400
2020 $1,124 $101,300 $24,400 $76,900
2019 $1,032 $93,000 $23,400 $69,600
2018 $786 $84,100 $23,400 $60,700
2017 $716 $76,600 $23,400 $53,200
2016 $119 $74,300 $22,500 $51,800
2015 -- $72,200 $19,600 $52,600
2014 -- $70,100 $18,700 $51,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 612527

Hawaii Information Service (MLS Hawaii)

APN: 3-9-4-010-046-0000