Hawaii Living

Kapiolani Residence #4502 (Ala Moana)

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1631 Kapiolani Blvd #4502, Honolulu

This property was sold August 11, 2020 for $374,530
Description
Kapiolani Residence. One of the best Affordable Penthouse Studio units on the 45th floor with stunning mountain views. Excellent location near to Hawaii Convention Center and Ala Moana Center. Enjoy shopping, restaurants & entertainment. Walk around Magic Island, Ala Moana Beach & Park. Close to bus line and within minutes to Waikiki, Downtown, UH, Kahala and Hawaii Kai. EV charger in the building. Secure Building with 24-hours security. Sales price includes the appreciation for his SAE payment to HHFDC. The buyer must satisfy HHFDC eligibility requirements, but there are no income restrictions. Originally, there was a provision to live 10 years, but now 9 years are left. The property tax assessment was re-calculated in March 2020. Sold "AS IS".
Past Activity
  • Aug 11, 2020 Sold @ $374K
  • Jun 13, 2020 In Escrow
  • Jun 02, 2020 Listed @ $374K
More Details
  • HOA Fees / Interior Sf: $0.62
  • Price / Interior Sf: $925
  • HOA Fees Include: Cable TV, Internet Service, Other Common Expenses, Sewer, Water
  • Owner, Tax & Resale History: Click here
  • Zoning: 33 - BMX-3 Community Business M
  • Elementary School: Kaahumanu
  • Middle School: Washington
  • High School: Mckinley
  • View: City, Mountain
  • Owner Occupancy: 60%
  • Management Company: Hawaiiana
  • Security Features: Card, Key, Security Patrol
  • Amenities: BBQ, Meeting Room, Patio/Deck, Resident Manager, Trash Chute
  • TMK: 1-2-3-41-6-476
  • Tax Assessed Land: $130,000
  • Tax Assessed Improvements: $333,500
  • Tax Assessed Total: $463,500
  • Courtesy: HI Choice Realty
  • MLS: 202012218
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 28, 2021. Information is deemed reliable but not guaranteed.
About Kapiolani Residence
News
3/1/2018: Kapiolani Residences is on target for completion October 2018 and first group of owners expected to move in December 2018.

About Kapiolani Residence
Kapiolani Residence is a new condo project in Honolulu, which will offer 60% of the units as affordable housing (for sale – not rentals) and the remaining 40% as market rate units.

Address: 1631 Kapiolani Blvd, Honolulu, HI 96814.
Developer: SamKoo Pacific, who reportedly also has plans for a similar tower at 1391 Kapiolani Blvd (some future date).
Units: 484 of which 60% (292 units) will be affordable housing units and remaining 192 units will be market priced units.
Price range: $271,549 to $591,598 (studio to 3BR affordable housing units) and $486,500 to $989,500 (1BR to 3BR market rate units).
Unit sizes: 400sqf to 1,230sqf.
Unit configurations: Studio to 3BR.
Parking Stalls: All units come with 1 stall, 2BR has option to purchase an additional stall and 3BR units come with 2 stalls, mainly side by si  ....click here to read more

Sold 8/11/20 at

$374,530

(List Price: $374,530)

Living

405 sqft

Baths

1

Beds

0

 
 
    Description
    Kapiolani Residence. One of the best Affordable Penthouse Studio units on the 45th floor with stunning mountain views. Excellent location near to Hawaii Convention Center and Ala Moana Center. Enjoy shopping, restaurants & entertainment. Walk around Magic Island, Ala Moana Beach & Park. Close to bus line and within minutes to Waikiki, Downtown, UH, Kahala and Hawaii Kai. EV charger in the building. Secure Building with 24-hours security. Sales price includes the appreciation for his SAE payment to HHFDC. The buyer must satisfy HHFDC eligibility requirements, but there are no income restrictions. Originally, there was a provision to live 10 years, but now 9 years are left. The property tax assessment was re-calculated in March 2020. Sold "AS IS".
      The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on February 28, 2021. Information is deemed reliable but not guaranteed.
      • Aug 11, 2020 Sold @ $374K
      • Jun 13, 2020 In Escrow
      • Jun 02, 2020 Listed @ $374K
      News
      3/1/2018: Kapiolani Residences is on target for completion October 2018 and first group of owners expected to move in December 2018.

      About Kapiolani Residence
      Kapiolani Residence is a new condo project in Honolulu, which will offer 60% of the units as affordable housing (for sale – not rentals) and the remaining 40% as market rate units.

      Address: 1631 Kapiolani Blvd, Honolulu, HI 96814.
      Developer: SamKoo Pacific, who reportedly also has plans for a similar tower at 1391 Kapiolani Blvd (some future date).
      Units: 484 of which 60% (292 units) will be affordable housing units and remaining 192 units will be market priced units.
      Price range: $271,549 to $591,598 (studio to 3BR affordable housing units) and $486,500 to $989,500 (1BR to 3BR market rate units).
      Unit sizes: 400sqf to 1,230sqf.
      Unit configurations: Studio to 3BR.
      Parking Stalls: All units come with 1 stall, 2BR has option to purchase an additional stall and 3BR units come with 2 stalls, mainly side by si  ....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.
      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.