Discovery Bay #2204

(Waikiki)

1 / 18
1778 Ala Moana Blvd #2204, Honolulu, 96815
This property was sold October 12, 2018 for $390,000
  • 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

Desirable corner "04" unit in the preferred Endeavor Tower~ Seeing is Believing! This fully furnished high floor 2 bdrm/2 bath unit has very nice panoramic view of the Ocean and Marina. Currently Discovery Bay Homeowners Association owns more than 62% of the beneficial fee interest with ongoing negotiations.

Past Activity
  • Oct 12, 2018 Sold @ $390K
  • Aug 29, 2018 In Escrow
  • Aug 08, 2018 Listed @ $389K
More Details
  • HOA Fees / Interior Sf: $1.41
  • Price / Interior Sf: $344
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Sewer, Water
  • Sold Furnished: Fully
  • Year Remodeled: 2015
  • Owner, Tax & Resale History: Click here
  • MLS: 201821158
  • Waikiki Condos Median Listing Price: $450K
  • Waikiki Condos Median Interior: 588 sf
  • Occupancy Type: Owner
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Coastline, Marina/Canal, Ocean, Sunrise
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute, Whirlpool
  • Inclusions: AC Central, Cable TV, Dryer, Microwave, Range Hood, Range/Oven, Refrigerator, Washer
  • TMK: 1-2-6-12-10-134
  • Tax Assessed Land: $40,800
  • Tax Assessed Improvements: $609,200
  • Tax Assessed Total: $650,000
  • Special Sales Terms: None
  • We update our site every 7 minutes
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 20, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Savio Realty Ltd.
  • 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
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 20, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Savio Realty Ltd.
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.
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.
If an owner claims the home exemption - the owner's primary residence - the tax rate is 0.35% of total assessed value. If an owner cannot claim the home exemption - not the owner's primary residence - the tax rate is also 0.35% if total assessed value is below $1,000,000, but if the total assessed value is at or above $1,000,000 the tax rate is two tiered: 0.45% up to the first $1,000,000 in assessed value and 0.9% above $1,000,000 in assessed value. Learn more about Oahu property taxes here.
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