Hawaii Living

Discovery Bay #2510 (Waikiki)

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  • Sold 2/25/20 at $218,888
    (List Price: $219,988)
  • Beds: 0
  • Baths: 1
  • Living: 464 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $445 / month
  • Property Taxes: $105 / month ?
  • Est. Mortgage: $742 /mo - adjust loan
  • Days on Market: 10 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #2510, Honolulu

This property was sold February 25, 2020 for $218,888
Description
This is an updated studio on the 25th floor of the Endeavor tower with wonderful marina & ocean views. 1 assigned parking in secure garage. Appliances, like the quiet Bosch dishwasher, refrigerator, and newish laundry, will stay.It's a short walk to the beach/marina, restaurants, market, post office, bank, and bus stops.Only pet cats are allowed.Amenities include: Recreation/sun deck, gym, pool, whirlpool, saunas, and BBQ.Buyer needs to verify all. This property is Leasehold, but Association has acquired 62% interest in the fee & is continuing efforts to purchase the remaining interest prior to end of lease in 2039. If the remainder is acquired by then, then the fee will be offered to owners; Buyer needs to verify LH status with Association.
Past Activity
  • Feb 26, 2020 Sold for $218,888
  • Jan 14, 2020 In Escrow
  • Jan 04, 2020 Listed at $219,988
More Details
  • HOA Fees / Interior Sf: $0.96
  • Price / Interior Sf: $474
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2004
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: Coastline, Marina/Canal, Ocean, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Management
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Pool on Property, Resident Manager, Sauna, Security Guard, Whirlpool
  • TMK: 1-2-6-12-10-170
  • Tax Assessed Land: $17,000
  • Tax Assessed Improvements: $341,700
  • Tax Assessed Total: $358,700
  • Courtesy: CY Properties LLC
  • MLS: 202000098
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
This is an updated studio on the 25th floor of the Endeavor tower with wonderful marina & ocean views. 1 assigned parking in secure garage. Appliances, like the quiet Bosch dishwasher, refrigerator, and newish laundry, will stay.It's a short walk to the beach/marina, restaurants, market, post office, bank, and bus stops.Only pet cats are allowed.Amenities include: Recreation/sun deck, gym, pool, whirlpool, saunas, and BBQ.Buyer needs to verify all. This property is Leasehold, but Association has acquired 62% interest in the fee & is continuing efforts to purchase the remaining interest prior to end of lease in 2039. If the remainder is acquired by then, then the fee will be offered to owners; Buyer needs to verify LH status with Association.
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.