Hawaii Living

Discovery Bay #1812 (Waikiki)

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  • Sold 5/21/19 at $190,000
    (List Price: $199,000)
  • Beds: 1
  • Baths: 1
  • Living: 683 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 428 / month
  • Fee Purchase: Not available
  • Balcony: 86 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $733 / month
  • Property Taxes: $132 / month ?
  • Est. Mortgage: $671 /mo - adjust loan
  • Days on Market: 28 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #1812, Honolulu

This property was sold May 21, 2019 for $190,000
Description
Nicely furnished lowest priced ocean view one bedroom in Resolution Tower (Diamond Head) in desirable Discovery Bay. Optimum location on busline near beach, restaurants, and Ala Moana Shopping Center. Spacious ocean view lanai in a large square footage unit with ample closets and good kitchen storage. Unit has been investor owned with consistent $2200/mo long term rental. Well managed bldg has 30 day rental minimum. Resident mgr and 24 hour security on site.
Past Activity
  • May 13, 2019 Sold for $190,000
  • May 07, 2019 In Escrow
  • Apr 16, 2019 Price $199,000
  • Apr 09, 2019 Listed at $235,000
More Details
  • HOA Fees / Interior Sf: $1.07
  • Price / Interior Sf: $291
  • HOA Fees Include: AC Central, Cable TV, Internet Service, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: AM - Apartment Mixed Use
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: Ocean, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-424
  • Tax Assessed Land: $28,200
  • Tax Assessed Improvements: $414,100
  • Tax Assessed Total: $442,300
  • Courtesy: Captain Cook Real Estate
  • MLS: 201910328
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 15, 2021. Information is deemed reliable but not guaranteed.
About Discovery Bay
  • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
  • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
  • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
  • The homeowners' association has purchased a 62% interest in the Fee.

Updates
The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOAO an ability to work towards offering the owners the fee.
Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

About Discovery Bay
The Discovery Bay condo is another of Waikiki's dual streng  ....click here to read more
Description
Nicely furnished lowest priced ocean view one bedroom in Resolution Tower (Diamond Head) in desirable Discovery Bay. Optimum location on busline near beach, restaurants, and Ala Moana Shopping Center. Spacious ocean view lanai in a large square footage unit with ample closets and good kitchen storage. Unit has been investor owned with consistent $2200/mo long term rental. Well managed bldg has 30 day rental minimum. Resident mgr and 24 hour security on site.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 15, 2021. Information is deemed reliable but not guaranteed.
  • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
  • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
  • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
  • The homeowners' association has purchased a 62% interest in the Fee.

Updates
The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOAO an ability to work towards offering the owners the fee.
Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

About Discovery Bay
The Discovery Bay condo is another of Waikiki's dual streng  ....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.
Leasehold Expiry: 12/31/39
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.