Hawaii Living

Discovery Bay #3903 (Waikiki)

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  • Sold 2/10/21 at $265,000
    (List Price: $275,000)
  • 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: $155 / month ?
  • Est. Mortgage: $928 /mo - adjust loan
  • Days on Market: 27
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #3903, Honolulu

This property was sold February 10, 2021 for $265,000
Description
Wake up every morning to a beautiful panoramic ocean view! Lanai has been enclosed so the actual square footage may differ from the tax office records. Unit is being sold "as-is" and furniture can be included in the sale or removed. Beautiful built in wall cabinets offer plenty of storage space. Walking distance to Ala Moana shopping center and various restaurants. Directly on the bus and Waikiki trolley lines. Building is well secured with 24 hour guard and FOB entrance systems. This is a great opportunity to own a spacious and cozy unit with million dollar views!
Past Activity
  • Jan 12, 2021 In Escrow
  • Dec 16, 2020 Listed at $275,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.11
  • Price / Interior Sf: $403
  • HOA Fees Include: AC Central, Cable TV, Gas, Hot Water, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: Coastline, Ocean
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana Management
  • Security Features: Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Pool on Property, Resident Manager, Sauna, Security Guard, Whirlpool
  • TMK: 1-2-6-12-10-303
  • Tax Assessed Land: $11,900
  • Tax Assessed Improvements: $519,100
  • Tax Assessed Total: $531,000
  • Courtesy: Ivy K Realty, LLC
  • MLS: 202032246
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 18, 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
Wake up every morning to a beautiful panoramic ocean view! Lanai has been enclosed so the actual square footage may differ from the tax office records. Unit is being sold "as-is" and furniture can be included in the sale or removed. Beautiful built in wall cabinets offer plenty of storage space. Walking distance to Ala Moana shopping center and various restaurants. Directly on the bus and Waikiki trolley lines. Building is well secured with 24 hour guard and FOB entrance systems. This is a great opportunity to own a spacious and cozy unit with million dollar views!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 18, 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.