Discovery Bay #3304

(Waikiki)

1 / 15

Sold 9/7/18 for

$485,000

Living

1,131 sf

Baths

2

Beds

2

1778 Ala Moana Blvd #3304, Honolulu, 96815
This property was sold September 07, 2018 for $485,000
  • 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

Outstanding ocean and mountain VIEWS from the 33rd floor! Beautifully renovated apartment in preferred 04 stack has had everything done: IPE hardwood floors throughout w/ travertine marble in baths; new Kitchen Aid appliances with Induction cooktop; new baths w/ large soaking tub, custom walk-in shower; popcorn ceiling removed, recessed lighting, encl lanai; custom glass room dividers, and more. AOAO owns 62.75% beneficiary interest in the fee and in negotiation to purchase remaining 37.25% of the fee interest for the owner-beneficiaries. At such point, FEE interest will be made available to condo owners. Great investment property for owner occupant or rental in this desirable building. A MUST SEE!

Past Activity
  • Sep 07, 2018 Sold @ $485K
  • Aug 17, 2018 In Escrow
  • Aug 01, 2018 Listed @ $488K
  • Apr 17, 2015 Sold @ $399K
  • Mar 15, 2015 In Escrow
  • Mar 05, 2015 Listed @ $415K
  • May 26, 2014 Expired
  • Feb 25, 2014 Listed @ $389K
  • Dec 28, 2013 Expired
  • Dec 12, 2012 Listed @ $389K
More Details
  • HOA Fees / Interior Sf: $0.92
  • Price / Interior Sf: $431
  • HOA Fees Include: AC Central, Cable TV, Gas, Hot Water, Sewer, Water
  • Sold Furnished: Fully
  • Year Remodeled: 2015
  • Owner, Tax & Resale History: Click here
  • MLS: 201820536
  • Waikiki Condos Median Listing Price: $450K
  • Waikiki Condos Median Interior: 588 sf
  • Occupancy Type: Owner,Tenant
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Mckinley
  • View: City, Coastline, Marina/Canal, Mountain, Ocean, Sunset
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool, Recreation Area, Recreation Room, Resident Manager, Sauna, Trash Chute
  • Inclusions: AC Central, Auto Garage Door Opener, Blinds, Dishwasher, Disposal, Dryer, Kitchenware, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer
  • TMK: 1-2-6-12-10-244
  • Tax Assessed Land: $40,800
  • Tax Assessed Improvements: $668,200
  • Tax Assessed Total: $709,000
  • Special Sales Terms: None
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 16, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Elite Pacific Properties, LLC.
  • 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 16, 2018. Information is deemed reliable but not guaranteed. Listing Courtesy: Elite Pacific Properties, LLC.
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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