Hawaii Living

Discovery Bay #3908 (Waikiki)

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  • Sold 12/16/19 at $250,000
    (List Price: $274,000)
  • Beds: 1
  • Baths: 1
  • Living: 683 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/39
  • Lease Rent: $ 391 / month
  • Fee Purchase: Not available
  • Balcony: 86 sqft
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $733 / month
  • Property Taxes: $162 / month ?
  • Est. Mortgage: $924 /mo - adjust loan
  • Days on Market: 140 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #3908, Honolulu

This property was sold December 16, 2019 for $250,000
Description
Now it’s “Vacant”. You'll enjoy living here and see panoramic views from this residence at high floor. Amenities included BBQ area, Tennis court, Heated pool, and spa. Located with an easy access to Ala Moana Beach Park, Ala Moana Shopping Center and restaurants.
Past Activity
  • Nov 02, 2019 Sold for $250,000
  • Nov 02, 2019 In Escrow
  • Jun 15, 2019 Listed at $274,000
  • Apr 12, 2019 Withdrawn
  • Jan 11, 2019 Listed at $290,000
  • Sep 08, 2017 Sold for $260,000
  • Aug 15, 2017 In Escrow
  • Aug 04, 2017 Listed at $274,900
  • Jul 11, 2014 Sold for $259,000
  • May 27, 2014 In Escrow
  • May 21, 2014 Listed at $259,000
More Details
  • HOA Fees / Interior Sf: $1.07
  • Price / Interior Sf: $401
  • HOA Fees Include: Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Any View: City, Diamond Head, Mountain, Sunrise
  • Owner Occupancy: 2%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Patio/Deck, Pool, Recreation Room, Security Guard, Tennis Court
  • TMK: 1-2-6-12-10-308
  • Tax Assessed Land: $28,200
  • Tax Assessed Improvements: $501,700
  • Tax Assessed Total: $529,900
  • Courtesy: Seven Signatures International
  • MLS: 201916985
Related Articles
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 14, 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
Now it’s “Vacant”. You'll enjoy living here and see panoramic views from this residence at high floor. Amenities included BBQ area, Tennis court, Heated pool, and spa. Located with an easy access to Ala Moana Beach Park, Ala Moana Shopping Center and restaurants.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on June 14, 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.