Hawaii Living

Executive Centre #506 (Downtown Honolulu)

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  • Sold 1/3/22 at $90,000
    (List Price: $90,000)
  • Beds: 3
  • Baths: 1
  • Living: 858 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 12/31/53
  • Lease Rent: $ 486 / month
  • Fee Purchase: $242,943
  • Built: 1988
  • Parking: 1
  • Maint. (HOA) Fees: $1,401 / month
  • Property Taxes: $330 / month
  • Est. Mortgage: $398 /mo - adjust loan
  • Time Listed for Sale: 78 days
  • Status: Sold
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1088 Bishop St #506, Honolulu

This property was sold January 03, 2022 for $90,000
Description
FULLY furnished, upgraded THREE Bedroom unit. Mixed-use building allows one to work and/or live in their units. Tastefully remodeled with granite counters and ceramic tile flooring. Central AC and washer/dryer inside unit and one assigned parking stall included. 24/7 security, a spacious pool/hot tub, and lobby. Close to restaurants, shopping, Chinatown, and Financial District. Property tax may be lowered by applying for change with the city if owner-occupied or long-term rental. Tenant currently paying $2500/mo but process of moving out. Fee is $242,943 and can close anytime before February 5th, 2022 and unit can close 30 days or less if cash. Capital Reserves of $225/mo will be paid by Seller for two years with full price offer.
Past Activity
  • Jan 03, 2022 Sold for $90,000
  • Jan 03, 2022 Price $90,000
  • Dec 14, 2021 In Escrow
  • Dec 12, 2021 Back to Active
  • Dec 11, 2021 In Escrow
  • Nov 05, 2021 Price $343,000
  • Oct 19, 2021 Back to Active
  • Oct 08, 2021 In Escrow
  • Sep 22, 2021 Price $99,000
  • Sep 15, 2021 Listed at $167,000
  • Jan 11, 2021 Withdrawn
  • Dec 31, 2020 Price $198,000
  • Dec 10, 2020 Listed at $235,000
  • Nov 29, 2016 Sold for $185,000
  • Nov 19, 2016 Expired
  • Oct 24, 2016 In Escrow
  • Sep 16, 2016 Price $199,000
  • Jul 08, 2016 Price $219,000
  • Jun 27, 2016 Price $259,000
  • Jun 10, 2016 Price $275,000
  • May 18, 2016 Listed at $295,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.63
  • Price / Interior Sf: $105
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water
  • Year Remodeled: 2017
  • Zoning: 34 - BMX-4 Central Business Mix
  • Elementary School: Royal
  • Middle School: Central
  • High School: Mckinley
  • View: City
  • Owner Occupancy: 30%
  • Management Company: Aqua Aston
  • Security Features: Card, Key, Security Patrol, Video
  • Amenities: Meeting Room, Patio/Deck, Pool on Property, Recreation Room, Resident Manager, Restaurant, Security Guard, Whirlpool
  • TMK: 1-2-1-12-4-49
  • Tax Assessed Land: $58,600
  • Tax Assessed Improvements: $361,400
  • Tax Assessed Total: $420,000
  • Courtesy: Coldwell Banker Realty
  • MLS: 202123932
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 15, 2022. Information is deemed reliable but not guaranteed.
About Executive Centre
Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....click here to read more
Description
FULLY furnished, upgraded THREE Bedroom unit. Mixed-use building allows one to work and/or live in their units. Tastefully remodeled with granite counters and ceramic tile flooring. Central AC and washer/dryer inside unit and one assigned parking stall included. 24/7 security, a spacious pool/hot tub, and lobby. Close to restaurants, shopping, Chinatown, and Financial District. Property tax may be lowered by applying for change with the city if owner-occupied or long-term rental. Tenant currently paying $2500/mo but process of moving out. Fee is $242,943 and can close anytime before February 5th, 2022 and unit can close 30 days or less if cash. Capital Reserves of $225/mo will be paid by Seller for two years with full price offer.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 15, 2022. Information is deemed reliable but not guaranteed.
Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....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: 12/31/53
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.