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Hilo Terrace #F246 (Hilo)

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Photo 1 of 485 Waianuenue Ave #F246, Hilo
Photo 2 of 485 Waianuenue Ave #F246, Hilo
Photo 3 of 485 Waianuenue Ave #F246, Hilo

485 Waianuenue Ave #F246, Hilo

Description
This is a leasehold property that will be converted to Fee Simple upon recordation of deed.A second floor corner 2 bedroom, 1 bath condo very convenient to down town Hilo. Ideal location close to the Public Library, schools (elementary, middle & high), Boys & Girls Club, parks, post office, restaurants, Bayfront and more. Condo was in the process of being remodeled.Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Complex was fumigated.Monthly maintenance fee covers common area electricity, gas, water, sewer, association insurance and maintenance of the common areas. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility.
Past Activity
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $0.77
  • Price / ft²: $220
  • Zoning: CG-20
  • Amenities: Dryer, Washer
  • TMK: 3230160660060
  • Tax Assessed Value: $134,000
  • Courtesy: Hokulani Realty LLC / 8084399433
  • MLS: 711579
About Hilo Terrace
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

  ... Read more
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 06, 2026.
Other Hilo Terrace Listings
$169,999
Hilo Terrace #241
2 Bds | 1 Ba
695 ft²
$219,000
Hilo Terrace #142
2 Bds | 1 Ba
695 ft²
$269,000
Hilo Terrace #233
2 Bds | 1 Ba
695 ft²
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  • Sold 8/2/24 at $153,000
    (List Price: $150,000)
Description
This is a leasehold property that will be converted to Fee Simple upon recordation of deed.A second floor corner 2 bedroom, 1 bath condo very convenient to down town Hilo. Ideal location close to the Public Library, schools (elementary, middle & high), Boys & Girls Club, parks, post office, restaurants, Bayfront and more. Condo was in the process of being remodeled.Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Complex was fumigated.Monthly maintenance fee covers common area electricity, gas, water, sewer, association insurance and maintenance of the common areas. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2026 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on February 06, 2026.
    • Address: 485 Waianuenue Ave, Hilo, HI 96720.
       
    • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
       
    • Amenities: Pool.
       
    • Short-term Vacation Renting: Not Allowed.

    Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

    Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa

      ... Read more
    Other Hilo Terrace Listings
    $169,999
    Hilo Terrace #241
    2 Bds | 1 Ba
    695 ft²
    $219,000
    Hilo Terrace #142
    2 Bds | 1 Ba
    695 ft²
    $269,000
    Hilo Terrace #233
    2 Bds | 1 Ba
    695 ft²
     
    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.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, our network of agents 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.
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    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.