Discovery Bay #3217

(Waikiki)

1 / 15

Asking price

$210,000

Living

683 sf

Baths

1

Beds

1

Address: 1778 Ala Moana Blvd
Agency Info

Our office is currently not able to assist you with this property. We recommend you contact the listing agency - Y.P. Kang

  • 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 st  ....click here to read more
Description

Tenant occupied until on or before June 22nd. No showings before tenant vacates. Once vacant, unit will be cleaned up and able to be seen/shown on short notice. Also okay to present offer(s) subject to inspection. High floor cool side great views good potential. Unit will need to be re-done. A great opportunity awaits. Unit is subject to renegotiation on a short fixed leasehold with the condo being part fee simple and part leasehold with Bank of Hawaii Trust. Priced to sell!

Recent Activity
  • Jun 04, 2018 Listed @ $210K
  • Oct 01, 2013 Expired
  • Jul 01, 2013 Listed @ $250K
Recently Sold
(Discovery Bay)
  • #2309: 724 sf @ $225K (8/8/18)
  • #1406: 724 sf @ $259K (7/24/18)
  • #2307: 683 sf @ $225K (7/13/18)
  • #2311: 1,003 sf @ $440K (7/12/18)
  • #3419 & 3420: 1,316 sf @ $470K (7/5/18)
  • #2620: 464 sf @ $205K (6/29/18)
  • #3103: 683 sf @ $245K (6/22/18)
  • #3211: 1,131 sf @ $455K (6/20/18)
  • #1713: 683 sf @ $250K (6/6/18)
  • #1718: 683 sf @ $215K (5/18/18)
More Details
  • Other Fees: $1172 / month ?
  • HOA Fees / Interior Sf: $2.76
  • Price / Interior Sf: $307
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Other Common Expenses
  • Sold Furnished: No
  • Owner, Tax & Resale History: Click here
  • MLS: 201814261
  • Waikiki Condos Median Listing Price: $449K
  • Waikiki Condos Median Interior: 583 sf
  • Occupancy Type: Tenant
  • View: City, Mountain
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Owner Occupancy: 35%
  • Management Company: Hawaiiana Mgmt
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Heated Pool, Patio/Deck, Pool, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • Inclusions: AC Central, Cable TV, Range/Oven, Refrigerator
  • TMK: 1-2-6-12-10-569
  • Tax Assessed Land: $27,800
  • Tax Assessed Improvements: $478,200
  • Tax Assessed Total: $506,000
  • Special Sales Terms: None
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 17, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Y.P. Kang.
Other Discovery Bay Listings
Leasehold
$210,000
Discovery Bay #2615
Studio | 1 Ba |  440 sf
Year Remodeled: 2017
Leasehold
$199,000
Discovery Bay #3605
Studio | 1 Ba |  464 sf
Leasehold
$198,000
Discovery Bay #2105
Studio | 1 Ba |  464 sf
Leasehold
$239,000
Discovery Bay #2913
1 Bd | 1 Ba |  689 sf
Ocean view
  • 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 st  ....click here to read more
Other Waikiki Condos
Kalakauan #604
Just listed
$220,000
Kalakauan #604
1 Bd | 1Ba |  437 sf
Royal Kuhio #1501
1 Bd | 1Ba |  538 sf
Waikiki Banyan #2701
1 Bd | 1Ba |  533 sf
LeaseholdSold(8/8/18)
$225,000
Discovery Bay #2309
1 Bd | 1 Ba |  724 sf
Ocean view
LeaseholdSold(7/24/18)
$259,000
Discovery Bay #1406
1 Bd | 1 Ba |  724 sf
LeaseholdSold(7/13/18)
$225,000
Discovery Bay #2307
1 Bd | 1 Ba |  683 sf
Year Remodeled: 2010
LeaseholdSold(7/12/18)
$440,000
Discovery Bay #2311
2 Bd | 2 Ba |  1,003 sf
Oceanfront
LeaseholdSold(7/5/18)
$470,000
Discovery Bay #3419 & 3420
2 Bd | 2 Ba |  1,316 sf
Ocean view
LeaseholdSold(6/29/18)
$205,000
Discovery Bay #2620
Studio | 1 Ba |  464 sf
Ocean view
LeaseholdSold(6/22/18)
$245,000
Discovery Bay #3103
1 Bd | 1 Ba |  683 sf
Ocean view
LeaseholdSold(6/20/18)
$455,000
Discovery Bay #3211
2 Bd | 2 Ba |  1,131 sf
Ocean view
LeaseholdSold(6/6/18)
$250,000
Discovery Bay #1713
1 Bd | 1 Ba |  683 sf
Ocean view
LeaseholdSold(5/18/18)
$215,000
Discovery Bay #1718
1 Bd | 1 Ba |  683 sf
Fully furnished
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 17, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Y.P. Kang.
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: 12/30/39
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 can not claim the home exemption - not the owner's primary residence - the tax rate is two tiered: 0.45% up to an assessed value of $1,000,000 and 0.9% of the assessed value above $1,000,000. Learn details about Oahu property taxes here.
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