Hawaii Living

507 Iolani Avenue (Punchbowl)

1 / 25
507 Iolani Ave, Honolulu
This property was sold January 13, 2021 for $1,450,000
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.
Past Activity
  • Jan 13, 2021 Sold @ $1.45M
  • Nov 20, 2020 In Escrow
  • Nov 12, 2020 Listed @ $1.438M
  • Nov 07, 2020 Withdrawn
  • Oct 24, 2020 Back to Active
  • Oct 12, 2020 In Escrow
  • Oct 05, 2020 Listed @ $1.495M
More Details
  • Price / Interior Sf: $621
  • Year Remodeled: 2020
  • Owner, Tax & Resale History: Click here
  • Zoning: 12 - A-2 Medium Density Apartme
  • View: City, Mountain, Ocean, Sunset
  • Flood Zone: Zone X
  • 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
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 20, 2021. Information is deemed reliable but not guaranteed.
About Punchbowl
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 place.

Lower has been especially taken up with condominiums in recent decades, being closer to town and its flatter lands making it more accommodating to those structures.

Turn your eyes up the slopes and now you're looking at the Upper area, which holds the vast majority of Punchbowl houses – and what homes they are! These hills here were where middle to upper class Honolulu famil  ....click here to read more

Sold 1/13/21 at

$1,450,000

(List Price: $1,438,000)

Living

2,316 sqft

Baths

7.5

Beds

8

 
 
    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 January 20, 2021. Information is deemed reliable but not guaranteed.
      • Jan 13, 2021 Sold @ $1.45M
      • Nov 20, 2020 In Escrow
      • Nov 12, 2020 Listed @ $1.438M
      • Nov 07, 2020 Withdrawn
      • Oct 24, 2020 Back to Active
      • Oct 12, 2020 In Escrow
      • Oct 05, 2020 Listed @ $1.495M
      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 place.

      Lower has been especially taken up with condominiums in recent decades, being closer to town and its flatter lands making it more accommodating to those structures.

      Turn your eyes up the slopes and now you're looking at the Upper area, which holds the vast majority of Punchbowl houses – and what homes they are! These hills here were where middle to upper class Honolulu famil  ....click here to read more
       
      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 more about Oahu property taxes here.