Hawaii Living

1511 Makiki Street (Makiki)

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1511 Makiki Street

(Makiki)

1511 Makiki St, Honolulu
This property was sold February 07, 2018 for $1,150,000
Description
A Developers Delight! A rare A-2 Apartment Zoned property located in the in the heart of Honolulu, Hawaii. With a lot size of 5,243 sq. ft, this Makiki property is ready for re-development. Build and sell 4 luxury apartments or develop into a 8-10 unit apartment building. Existing home is a legal two-family dwelling, with two separate living areas, two separate electric meters, and lots of on site parking. Close access to private schools, bus lines, freeway access. Across the street is Makiki Park and tennis courts. This property can provide a huge return on investment. This is a good one!
Past Activity
  • Oct 05, 2018 Sold @ $1.139M
  • Sep 29, 2018 In Escrow
  • Sep 05, 2018 Price ↓ $1.15M
  • Aug 27, 2018 Listed @ $1.25M
  • Aug 22, 2018 Expired
  • Aug 20, 2018 Back to Active
  • Aug 11, 2018 In Escrow
  • Aug 06, 2018 Price ↓ $1.25M
  • Aug 06, 2018 Back to Active
  • Jul 19, 2018 In Escrow
  • Jun 12, 2018 Listed @ $1.295M
  • Feb 07, 2018 Sold @ $1.15M
  • Dec 13, 2017 In Escrow
  • Nov 16, 2017 Price ↓ $1.1M
  • Jul 09, 2017 Price ↓ $1.29M
  • May 17, 2017 Listed @ $1.499M
  • Nov 25, 2014 Withdrawn
  • Sep 03, 2014 Temp. Withdrawn
  • Aug 14, 2014 Listed @ $835K
More Details
  • Price / Interior Sf: $714
  • Sold Furnished: No
  • Year Remodeled: 2014
  • Owner, Tax & Resale History: Click here
  • MLS: 201710198
  • Occupancy Type: Vacant
  • View: Garden
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Security Features: Key
  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor, Wall/Fence
  • Inclusions: Ceiling Fan, Range/Oven, Refrigerator
  • TMK: 1-2-4-9-19-0
  • Tax Assessed Land: $910,800
  • Tax Assessed Improvements: $139,900
  • Tax Assessed Total: $1,050,700
  • Special Sales Terms: None
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 26, 2020. Information is deemed reliable but not guaranteed.
1511 Makiki St - listing courtesy Hawaii Realty Group LLC.

Sold 2/7/18 for

$1,150,000

Living

1,540 sqft

Baths

2

Beds

4

 
 
    Description
    A Developers Delight! A rare A-2 Apartment Zoned property located in the in the heart of Honolulu, Hawaii. With a lot size of 5,243 sq. ft, this Makiki property is ready for re-development. Build and sell 4 luxury apartments or develop into a 8-10 unit apartment building. Existing home is a legal two-family dwelling, with two separate living areas, two separate electric meters, and lots of on site parking. Close access to private schools, bus lines, freeway access. Across the street is Makiki Park and tennis courts. This property can provide a huge return on investment. This is a good one!
    See our video of Makiki Heights homes.

    Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.

    Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the foothills to the south, and Makiki Heights with some luxury homes on the hillside above to the north.

    Insight to Makiki Homes
    Makiki, the diverse and densely populated lower section south of Nehoa St, consists of a mix of older homes, often on smaller lots, as well as a number of small to medium size apartment buildings and several high rise condos, predominantly built during the 1960&rsq  ....click here to read more
    • Oct 05, 2018 Sold @ $1.139M
    • Sep 29, 2018 In Escrow
    • Sep 05, 2018 Price ↓ $1.15M
    • Aug 27, 2018 Listed @ $1.25M
    • Aug 22, 2018 Expired
    • Aug 20, 2018 Back to Active
    • Aug 11, 2018 In Escrow
    • Aug 06, 2018 Price ↓ $1.25M
    • Aug 06, 2018 Back to Active
    • Jul 19, 2018 In Escrow
    • Jun 12, 2018 Listed @ $1.295M
    • Feb 07, 2018 Sold @ $1.15M
    • Dec 13, 2017 In Escrow
    • Nov 16, 2017 Price ↓ $1.1M
    • Jul 09, 2017 Price ↓ $1.29M
    • May 17, 2017 Listed @ $1.499M
    • Nov 25, 2014 Withdrawn
    • Sep 03, 2014 Temp. Withdrawn
    • Aug 14, 2014 Listed @ $835K
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 26, 2020. Information is deemed reliable but not guaranteed.
    1511 Makiki St - listing courtesy Hawaii Realty Group LLC.
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn more about Oahu property taxes here.
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