Hawaii Living

507 Iolani Ave (Punchbowl)

507 Iolani Ave, Honolulu
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Description
PRICED BELOW APPRAISED VALUE! RARE FIND! BEST OPPORTUNITY for extended family or Live in one and rent the others. Ocean View from unit upstairs. Complete New Renovation this 4-plex property has NEW Whirlpool appliances models and Samsung appliances. Separate Electric Meters for each unit. Brand New Kitchen, Quartz Countertops. Vinyl flooring, Windows, Doors, Porcelain Tiles & Paint. All materials used in construction are termite-treated. 4 New Water Heater. The lower level has 2 units w/2-bed/2ba and the upper level has 2 units w/2be/2ba, 2be/1.5. The property has a detached 2 car garage at street level with room for 2 cars outside. Estimate Rental Income from $8000-$9000- Great location, walk to bus stop, minutes from Pali, Safeway/Longs, Downtown, Parks, Queen/Straub hospitals & H1 Fwy.
Past Activity
  • Jan 13, 2021 Sold for $1,450,000
  • Nov 20, 2020 In Escrow
  • Nov 12, 2020 Listed at $1,438,000
  • Nov 07, 2020 Withdrawn / Canceled
  • Oct 24, 2020 Back to Active
  • Oct 12, 2020 In Escrow
  • Oct 05, 2020 Listed at $1,495,000
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $626
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Year Remodeled: 2020
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • View: City, Mountain, Ocean, Sunset
  • Furnished: Partial
  • Property Condition: Excellent
  • Security Features: Key
  • Amenities: Bedroom on 1st Floor, Entry, Full Bath on 1st Floor, Patio/Deck, Storage, Wall/Fence, Workshop
  • TMK: 1-2-1-38-17-0
  • Tax Assessed Land: $796,500
  • Tax Assessed Improvements: $86,300
  • Tax Assessed Total: $882,800
  • Courtesy: Honolulu Hawaii Realty
  • MLS: 202028793
Good to Know
See our video of Punchbowl homes.

About Punchbowl Homes
Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.

Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same plac  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
Other Punchbowl Homes
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2485 Booth Rd
6 Bds | 3 Ba
2,810 ft²
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2011 Puowaina Dr
4 Bds | 2.5 Ba
1,802 ft²
Other Honolulu Homes
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1112 Kamaile St
7 Bds | 3 Ba
1,474 ft²
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2809 Henry St
8 Bds | 4.5 Ba
2,756 ft²
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2119 Liliha St
7 Bds | 3 Ba
1,934 ft²
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2808 Nihi St
7 Bds | 4.5 Ba
2,515 ft²
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729 Ekela Ave
8 Bds | 4 Ba
2,136 ft²
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920 Laki Rd
9 Bds | 5 Ba
3,032 ft²
  • Sold 1/13/21 at $1,450,000
    (List Price: $1,438,000)
Description
PRICED BELOW APPRAISED VALUE! RARE FIND! BEST OPPORTUNITY for extended family or Live in one and rent the others. Ocean View from unit upstairs. Complete New Renovation this 4-plex property has NEW Whirlpool appliances models and Samsung appliances. Separate Electric Meters for each unit. Brand New Kitchen, Quartz Countertops. Vinyl flooring, Windows, Doors, Porcelain Tiles & Paint. All materials used in construction are termite-treated. 4 New Water Heater. The lower level has 2 units w/2-bed/2ba and the upper level has 2 units w/2be/2ba, 2be/1.5. The property has a detached 2 car garage at street level with room for 2 cars outside. Estimate Rental Income from $8000-$9000- Great location, walk to bus stop, minutes from Pali, Safeway/Longs, Downtown, Parks, Queen/Straub hospitals & H1 Fwy.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
    • Jan 13, 2021 Sold for $1,450,000
    • Nov 20, 2020 In Escrow
    • Nov 12, 2020 Listed at $1,438,000
    • Nov 07, 2020 Withdrawn / Canceled
    • Oct 24, 2020 Back to Active
    • Oct 12, 2020 In Escrow
    • Oct 05, 2020 Listed at $1,495,000
    See our video of Punchbowl homes.

    About Punchbowl Homes
    Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.

    Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same plac  .....
    Read more.
    Other Punchbowl Homes
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    2485 Booth Rd
    6 Bds | 3 Ba
    2,810 ft²
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    2011 Puowaina Dr
    4 Bds | 2.5 Ba
    1,802 ft²
     
    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.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    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 about property tax rates.