Hawaii Living

Rycroft Terrace #423 (Ala Moana)

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1550 Rycroft St #423, Honolulu

This property was sold December 13, 2021 for $190,000
Description
Conveniently located near Ala Moana shopping center, Ala Moana Beach, restaurants and bus line. Ample street parking. Low -rise, gated, well maintained grounds with low maintenance fees. Open floor plan. MF only$251.99, internet and cable fees: $47.90 and electricity paid separately. Two laundry rooms on each floor. The Hawaii Housing Finance Development Corp. has waive its option to purchase and current owner to pay the share equity. New buyer does not need to meet HHFDC qualification to purchase.
Past Activity
  • Dec 14, 2021 Sold for $190,000
  • Oct 14, 2021 In Escrow
  • Sep 17, 2021 Listed at $195,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $0.84
  • Price / Interior Sf: $641
  • HOA Fees Include: Hot Water, Other Common Expenses, Sewer, Water
  • Zoning: 13 - A-3 High Density Apartment
  • View: City, Sunset
  • Owner Occupancy: 100%
  • Management Company: Hawaiiana
  • Security Features: Key
  • Amenities: Community Laundry, Pool on Property, Resident Manager
  • TMK: 1-2-3-18-22-117
  • Tax Assessed Land: $55,300
  • Tax Assessed Improvements: $111,700
  • Tax Assessed Total: $167,000
  • Courtesy: Asato Realty Inc.
  • MLS: 202124154
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 28, 2022. Information is deemed reliable but not guaranteed.
About Rycroft Terrace
  • Built in 1963, Studio - 2BR, Pets: OK (verify).
  • Ameneties include Community Laundry, Meeting Room, Pool.
  • Year 2014 remodeled and converted to condomenium. Sold with HCDA income and asset restrictions (no investors). 
     
About Rycroft Terrace
Ryocroft Terrace began life as part of the well-known Pagoda Hotel. Just across the street from the main building, as well as the equally famous Pagoda Restaurant, the landowner, Kamehameha Schools sold it to developer Peter Savio in 2013 under a special agreement.

The sale specified that this be a reserved housing project, meaning that the pricing would fall within the guidelines set by that state program. In short they were affordable condos, intended to fill a great need for housing.

After extensive renovations of these residences, all built in 1963, they were put up for sale to the expected large demand, with lines to sign up for the chance to own one.

The Ryocroft Terrace condos come in layouts   ....click here to read more
Description
Conveniently located near Ala Moana shopping center, Ala Moana Beach, restaurants and bus line. Ample street parking. Low -rise, gated, well maintained grounds with low maintenance fees. Open floor plan. MF only$251.99, internet and cable fees: $47.90 and electricity paid separately. Two laundry rooms on each floor. The Hawaii Housing Finance Development Corp. has waive its option to purchase and current owner to pay the share equity. New buyer does not need to meet HHFDC qualification to purchase.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 28, 2022. Information is deemed reliable but not guaranteed.
  • Built in 1963, Studio - 2BR, Pets: OK (verify).
  • Ameneties include Community Laundry, Meeting Room, Pool.
  • Year 2014 remodeled and converted to condomenium. Sold with HCDA income and asset restrictions (no investors). 
     
About Rycroft Terrace
Ryocroft Terrace began life as part of the well-known Pagoda Hotel. Just across the street from the main building, as well as the equally famous Pagoda Restaurant, the landowner, Kamehameha Schools sold it to developer Peter Savio in 2013 under a special agreement.

The sale specified that this be a reserved housing project, meaning that the pricing would fall within the guidelines set by that state program. In short they were affordable condos, intended to fill a great need for housing.

After extensive renovations of these residences, all built in 1963, they were put up for sale to the expected large demand, with lines to sign up for the chance to own one.

The Ryocroft Terrace condos come in layouts   ....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.