Hawaii Living

Discovery Bay #3106 (Waikiki)

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  • Sold 10/24/19 at $275,000
    (List Price: $289,000)
  • Beds: 1
  • Baths: 1
  • Living: 852 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 450 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $811 / month
  • Property Taxes: $187 / month ?
  • Est. Mortgage: $975 /mo - adjust loan
  • Days on Market: 8 days
  • Status: Sold
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1778 Ala Moana Blvd #3106, Honolulu

This property was sold October 24, 2019 for $275,000
Description
Welcome to this stunning mountain & canal view high floor unit in Discovery Bay. Wake up to a glorious sunrise, enjoy the Beautiful canal & city views. Remodeled in 2017 with new kitchen including new cabinets, granite counter top, range, dishwasher, microwave, washer & dryer. Other upgrades including new drapes & lighting, new paint throughout the whole unit. Enclosing lanai for a guest room or office. Fully furnished and bring your suitcase move in. Just minutes from famous Waikiki beach, Magic Island, Waikiki Yacht Harbor, Ala Moana Beach, and all Waikiki has to offer. Homeowners association owns 62% of the lease. 38% remains to be purchased. View Photo Gallery, 360 Tour at https://tours.360aaa.net/1149026?idx=1
Past Activity
  • Oct 24, 2019 Sold for $275,000
  • Oct 01, 2019 Expired
  • Sep 27, 2019 In Escrow
  • Sep 19, 2019 Listed at $289,000
  • Jul 22, 2019 Expired
  • Jun 08, 2019 Price $279,000
  • Jun 01, 2019 Back to Active
  • May 21, 2019 In Escrow
  • Apr 27, 2019 Listed at $289,000
  • Apr 16, 2019 Expired
  • Mar 05, 2019 Price $299,000
  • Jan 14, 2019 Listed at $309,000
  • Dec 24, 2018 Expired
  • Oct 26, 2018 Price $315,000
  • Sep 24, 2018 Listed at $325,000
  • Aug 31, 2017 Sold for $265,000
  • Jul 26, 2017 In Escrow
  • Jul 19, 2017 Listed at $273,000
More Details
  • HOA Fees / Interior Sf: $0.95
  • Price / Interior Sf: $339
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
  • Year Remodeled: 2017
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • Any View: City, Marina/Canal, Mountain, Sunrise, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool, Recreation Area, Resident Manager, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-226
  • Tax Assessed Land: $31,200
  • Tax Assessed Improvements: $609,100
  • Tax Assessed Total: $640,300
  • Courtesy: Eagle Realty Property Mgmt.
  • MLS: 201926681
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
Welcome to this stunning mountain & canal view high floor unit in Discovery Bay. Wake up to a glorious sunrise, enjoy the Beautiful canal & city views. Remodeled in 2017 with new kitchen including new cabinets, granite counter top, range, dishwasher, microwave, washer & dryer. Other upgrades including new drapes & lighting, new paint throughout the whole unit. Enclosing lanai for a guest room or office. Fully furnished and bring your suitcase move in. Just minutes from famous Waikiki beach, Magic Island, Waikiki Yacht Harbor, Ala Moana Beach, and all Waikiki has to offer. Homeowners association owns 62% of the lease. 38% remains to be purchased. View Photo Gallery, 360 Tour at https://tours.360aaa.net/1149026?idx=1
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.