Hawaii Living

Waikiki Sunset #1408 (Waikiki)

  • Sold 11/22/23 at $170,000
    (List Price: $230,000)
  • Beds: 1
  • Baths: 1
  • Living: 534 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 04/01/36
  • Lease Rent: $ 161 / month
  • Fee Purchase: Not available
  • Balcony: 67 ft²
  • Built: 1979
  • Parking: 1
  • Maint. (HOA) Fees: $765 / month
  • Property Taxes: $172 / month ?
  • Est. Mortgage: $1,163 / mo - adjust loan
  • Time Listed for Sale: 25 days
  • Status: Sold
  • Buy without visiting ?
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229 Paoakalani Ave #1408, Honolulu

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Description
Well maintained and fully furnished unit one bedroom and on bath with unassigned parking. This unit comes with NUC which allows legal short-term rentals. Close to Waikiki Beach, restaurants, shops and more. Great amenities like pool, gym and other amenities. Laundry is conveniently located floor on each. Lease will expire in April of 2036. Fee Simple interest is not available. Please see the supplemental file for future lease rent increase. (Do your own due diligence.) Income statement is available upon request.
Past Activity
  • Nov 22, 2023 Sold for $170,000
  • Nov 08, 2023 In Escrow
  • Oct 14, 2023 Listed at $230,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.43
  • Price / ft²: $318
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Electricity, Hot Water, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • View: City, Diamond Head, Mountain, Ocean
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Key, Keyed Elevator, Security Patrol
  • Amenities: BBQ, Club House, Community Association Pool, Community Laundry, Exercise Room, Fire Sprinkler, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute
  • TMK: 1-2-6-28-11-100
  • Tax Assessed Land: $79,100
  • Tax Assessed Improvements: $484,400
  • Tax Assessed Total: $563,500
  • Courtesy: RE/MAX ALOHA HOMES / (808) 393-9966
  • MLS: 202322556
Good to Know
Profile

Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).


About Waikiki Sunset
Most units are 1 bedroom with the bedroom having a door and wa  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 16, 2024. Information is deemed reliable but not guaranteed.
  • Sold 11/22/23 at $170,000
    (List Price: $230,000)
Description
Well maintained and fully furnished unit one bedroom and on bath with unassigned parking. This unit comes with NUC which allows legal short-term rentals. Close to Waikiki Beach, restaurants, shops and more. Great amenities like pool, gym and other amenities. Laundry is conveniently located floor on each. Lease will expire in April of 2036. Fee Simple interest is not available. Please see the supplemental file for future lease rent increase. (Do your own due diligence.) Income statement is available upon request.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 16, 2024. Information is deemed reliable but not guaranteed.
    • Nov 22, 2023 Sold for $170,000
    • Nov 08, 2023 In Escrow
    • Oct 14, 2023 Listed at $230,000
    Profile

    Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).


    About Waikiki Sunset
    Most units are 1 bedroom with the bedroom having a door and wa  .....
    Read more.
    Other Waikiki Sunset Listings
     
    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: 04/01/36
    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 about property tax rates.