Hawaii Living

Discovery Bay #4017 (Waikiki)

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  • Sold 10/7/20 at $275,000
    (List Price: $275,000)
  • Beds: 1
  • Baths: 1
  • Living: 769 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/19
  • Lease Rent: $ 406 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $755 / month
  • Property Taxes: $153 / month ?
  • Est. Mortgage: $928 /mo - adjust loan
  • Days on Market: 276 days
  • Status: Sold
  • Buy without visiting ?
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1778 Ala Moana Blvd #4017, Honolulu

This property was sold October 07, 2020 for $275,000
Description
TESTFULLY UPGRADED IN 2019. HIGH FLOOR UNIT IN RESOLUTION TOWER, FACE TO COOL AND QUIET SIDE OF BUILDING. THE CEILING WAS MODERNIZED BY REMOVED POPCORN. NEW VINYL FLOOR WAS INSTALLED. KITCHEN WAS UPDATED WITH NEW LIGHT AND NEW APPLIANCES. NEW WASHER AND DRYER. UPDATED ELECTRICAL INSTALLATION. SPACIOUS LIVING AREA SINCE LANAI WAS INCLOSED. VERY CONVENIENT LOCATION CLOSE TO BEACH, ALA MOANA SHOPPING CENTER, RESTAURANTS PUBLIC TRANSPORTATION. ONE ASSIGNED COVERED PARKING LOT. LEASEHOLD BUILDING BUT AOA OWNES 62% OF BENEFICIAL FEE INTEREST.
Past Activity
  • Oct 07, 2020 Sold for $275,000
  • Sep 19, 2020 In Escrow
  • Dec 18, 2019 Listed at $275,000
  • Nov 09, 2018 Sold for $250,000
  • Oct 21, 2018 In Escrow
  • Aug 29, 2018 Price $255,000
  • Jun 18, 2018 Listed at $265,000
  • Jun 01, 2018 Withdrawn
  • Mar 24, 2018 Price $275,000
  • Feb 02, 2018 Listed at $289,000
More Details
  • HOA Fees / Interior Sf: $0.98
  • Price / Interior Sf: $358
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
  • Year Remodeled: 2019
  • Owner, Tax & Resale History: Click here
  • Zoning: X2 - Apartment Precinct
  • Any View: City, Mountain
  • Owner Occupancy: 40%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol, Video
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Resident Manager, Restaurant, Sauna, Security Guard, Whirlpool
  • TMK: 1-2-6-12-10-649
  • Tax Assessed Land: $28,200
  • Tax Assessed Improvements: $493,400
  • Tax Assessed Total: $521,600
  • Courtesy: Locations LLC
  • MLS: 201933935
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
TESTFULLY UPGRADED IN 2019. HIGH FLOOR UNIT IN RESOLUTION TOWER, FACE TO COOL AND QUIET SIDE OF BUILDING. THE CEILING WAS MODERNIZED BY REMOVED POPCORN. NEW VINYL FLOOR WAS INSTALLED. KITCHEN WAS UPDATED WITH NEW LIGHT AND NEW APPLIANCES. NEW WASHER AND DRYER. UPDATED ELECTRICAL INSTALLATION. SPACIOUS LIVING AREA SINCE LANAI WAS INCLOSED. VERY CONVENIENT LOCATION CLOSE TO BEACH, ALA MOANA SHOPPING CENTER, RESTAURANTS PUBLIC TRANSPORTATION. ONE ASSIGNED COVERED PARKING LOT. LEASEHOLD BUILDING BUT AOA OWNES 62% OF BENEFICIAL FEE INTEREST.
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: 12/31/19
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.