Hawaii Living

Discovery Bay #3513 (Waikiki)

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  • Sold 12/14/20 at $240,000
    (List Price: $250,000)
  • Beds: 1
  • Baths: 1
  • Living: 683 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 407 / month
  • Fee Purchase: Not available
  • Balcony: 86 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $755 / month
  • Property Taxes: $156 / month ?
  • Est. Mortgage: $843 /mo - adjust loan
  • Days on Market: 312
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #3513, Honolulu

This property was sold December 14, 2020 for $240,000
Description
Offer accepted prior to listing. Furnished OCEAN view unit in Discovery Bay Resolution Tower! The central location makes this perfect for year round residents or a second home. Located on the 35th floor, this spacious 1 bedroom, 1 bath unit with covered parking has incredible views of the ocean, marina and Hilton Friday night fireworks. Building amenities include 24/7 security, pool, jacuzzi, gym, sun deck and BBQ all within walking distance to beautiful beaches, five-star dining and shopping.
Past Activity
  • Dec 14, 2020 Sold for $240,000
  • Nov 14, 2020 In Escrow
  • Nov 14, 2020 Listed at $250,000
  • May 01, 2020 Withdrawn
  • Apr 22, 2020 Back to Active
  • Apr 19, 2020 In Escrow
  • Apr 08, 2020 Price $279,000
  • Mar 01, 2020 Listed at $289,000
  • Oct 20, 2014 Sold for $330,000
  • Sep 26, 2014 In Escrow
  • Aug 12, 2014 Listed at $349,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.11
  • Price / Interior Sf: $366
  • HOA Fees Include: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Year Remodeled: 2020
  • Zoning: X2 - Apartment Precinct
  • View: City, Coastline, Marina/Canal, Ocean, Sunset
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-595
  • Tax Assessed Land: $28,200
  • Tax Assessed Improvements: $505,500
  • Tax Assessed Total: $533,700
  • Courtesy: Royal Realty LLC
  • MLS: 202029279
Blog
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    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 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
    Offer accepted prior to listing. Furnished OCEAN view unit in Discovery Bay Resolution Tower! The central location makes this perfect for year round residents or a second home. Located on the 35th floor, this spacious 1 bedroom, 1 bath unit with covered parking has incredible views of the ocean, marina and Hilton Friday night fireworks. Building amenities include 24/7 security, pool, jacuzzi, gym, sun deck and BBQ all within walking distance to beautiful beaches, five-star dining and shopping.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 23, 2021. Information is deemed reliable but not guaranteed.

    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.