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557A Olomana Street (Kalama Tract / Coconut Grove)

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557A Olomana Street (Kalama Tract / Coconut Grove)

557A Olomana St, Kailua
This property was sold August 27, 2020 for $998,000
Description
Amazing opportunity to own this Coconut Grove with legal Ohana unit on property. Main house has 3BR/1BA plus covered lanai with anther full bathroom. Ohana house has 2BR/1BA. Both houses have private entrances with shared fenced-in yard. Property has 2 separate carports accommodating 4 off-street parking spaces. Nestled away on a dead-end side street, this property offers great flexibility for an extended family or investment property. Just over 1 mile to Kailua Beach and Kailua Town with an abundance of restaurants and weekly farmers market to enjoy subject to Covid-19 restrictions. This is a great hideaway for all life has to throw our way. Main house was rented for $3,000/month.
Past Activity
  • Aug 27, 2020 Sold @ $998K
  • Jun 12, 2020 In Escrow
  • Jun 05, 2020 Listed @ $995K
More Details
  • Price / Interior Sf: $660
  • Year Remodeled: 1967
  • Owner, Tax & Resale History: Click here
  • MLS: 202012543
  • Elementary School: Kainalu
  • Middle School: Kailua
  • High School: Kalaheo
  • Flood Zone: Zone X
  • TMK: 1-4-3-67-18-0
  • Tax Assessed Land: $740,900
  • Tax Assessed Improvements: $197,800
  • Tax Assessed Total: $938,700
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 2020. Information is deemed reliable but not guaranteed.
- listing courtesy Sesame Realty LLC.

Sold 8/27/20 at

$998,000

(List Price: $995,000)

Living

1,508 sqft

Baths

3

Beds

5

 
 
    Description
    Amazing opportunity to own this Coconut Grove with legal Ohana unit on property. Main house has 3BR/1BA plus covered lanai with anther full bathroom. Ohana house has 2BR/1BA. Both houses have private entrances with shared fenced-in yard. Property has 2 separate carports accommodating 4 off-street parking spaces. Nestled away on a dead-end side street, this property offers great flexibility for an extended family or investment property. Just over 1 mile to Kailua Beach and Kailua Town with an abundance of restaurants and weekly farmers market to enjoy subject to Covid-19 restrictions. This is a great hideaway for all life has to throw our way. Main house was rented for $3,000/month.
    • Aug 27, 2020 Sold @ $998K
    • Jun 12, 2020 In Escrow
    • Jun 05, 2020 Listed @ $995K
    See this aerial video of Coconut Grove and Kalama Tract homes.

    For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

    Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

    Kailua In Reach – The Homes of Coconut Grove
    This is one of the most affordable Kailua neighborhoods, as well as one of its oldest. It's not uncommon to find houses that were built here in the 1940's. The more intimate style of old Hawaii is prevalent in Coconut Grove homes, many of which could be called bungalows or cottages.

    The vintage structures present a few golden opportunities. Some have been remodeled into incredibly picturesque throwback homes with m  ....click here to read more
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 2020. Information is deemed reliable but not guaranteed.
    - listing courtesy Sesame Realty 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.
    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.