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721 Paani Street Honolulu HI 96826

$1,650,000 | OahuRE Rebate $9,900 | Active

Price dropped on 02-20-2024. Original price was $1,690,000

Listed on 05-25-2023

5 Bedrooms, 5 Full Baths, 0 Half Baths, 4 Parking Spaces

1,813 Square Feet Living * 4,914 Square Feet Land

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Property Last Viewed: 04/25/2024 01:00 PM, Total Views Today: 0, Total Views: 502, Viewed History

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OahuRE.com Notes About This Property

View all new listings in the Moiliili neighborhood since this property was listed.

The last sale on September 8, 2017, used Conventional financing, so it is not an assumable mortgage.

Listed previously on June 22, 2017 for $1,000,000. View Details

Fell out of escrow or Temporarily Withdrawn 1 time. View Details

Price Decreased 1 time. View Details

Price trends for Moiliili.

There were 201 homes sold in the last 2 years in the Moiliili neighborhood.


721 Paani Street

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Property Details

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MLS#: 202311496 * Questions?
Status: Active since 05-25-2023 See History
Price: $1,650,000
Rebate: $ 9,900 from OahuRE.com.
Monthly: $ 9,873.08 Update the default down payment and interest rate
  Monthly payment estimate for $ 1,650,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 389 taxes, and $ 0 fees. Insurance not included.
Beds: 5   Baths: 5   Half: 0  Parking Spaces: 4
Living Sq Ft: 1,813
Land Sq Ft: 4,914
Land Tenure: FS - Fee Simple
Address: 721 Paani Street Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Moiliili - Activity * Moiliili Stats
Street: Paani - Activity * Paani Street Stats
Showing: Showing Request

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Original: $1,690,000
Change: $-40,000    -2.37%
Parcel#: 1-2-7-005-003-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 338 days in Active or In Escrow Showing
Date: Listed: 05-25-2023
Date: Status Change: 05-26-2023
Recent History: Last Sold on 09-08-2017 for $1,100,000 - MLS# 201713819 - Seller's Agent: Iris Y Inouye, Buyer's Agent: David Giang
Year Built: 1938 Remodeled: 2017
View: None
Frontage:
Monthly Tax: $389 Year: 2022
Land: FS - Fee Simple
Condition: Average

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Description:

Check out this incredible apartment zoned corner lot situated right on the outskirts of Waikiki. Centrally located close to Ala Moana Center, McCully Shopping Center, and UH Manoa, with easy access to major roads and freeways. Currently offers two well-maintained dwellings that have undergone recent updates. Building one is a 3 bedroom 2 bath, had its water heater replaced in 2023, and offers a homey feel.

Building two consists of one 2 bedroom 1 bath, and two studios with roofing replaced this year (2023). Additionally, the bathrooms and kitchens have received upgrades. Each building has its own electric meter and one water meter for the whole property. This property presents the perfect opportunity for redevelopment with Honolulu's Bill 7.

 
 
Inclusions: Dryer, Refrigerator, Washer, Water Heater

Amenities: None

Utilities: Cable, Connected, Internet, Overhead Electricity, Public Water Construction: Wood Frame Lot Features: Clear Floor: Ceramic Tile, Laminate Disclosures: 1031 Exchange, Licensed Owner, Relative of Licensee Land Recorded: Land Court Furnished: None

Possession: Subject to Rental Lease Terms: Cash, Conventional Sale Conditions: None

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $1,184,500
Building: $150,600  
Assessed Total: $1,335,100  
Assessed Ratio: 123.59%
Pool: None
Location: Corner
Parking: 3 Car+

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District Locator: DOE Locator to Confirm District
Area Total: 4,914
Acres: 0.1128
Topography: Level
Building Style: Multiple Dwellings
Building:
New Const: No

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Maint. Fee: $0
Assoc. Fee: $0
Other Fee: $0
Includes:
Total Fees: $0
Exemption: 0
Other: 70
Lanai Sq Ft: 0
Garage Sq Ft: 544
Avg Sq Ft Living: $910.09
Avg Sq Ft Land: $335.78
Security:
Rental Income: $7,000
Stories: One, Two CPR: No
Zoning: 12 - A-2 Medium Density Apartme
Flood Zone: Zone AO * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing: Asphalt Shingle
Set-Backs: Of Record Roads: Paved Rd
Easements: None

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

Listing courtesy of eXp Realty (808) 725-2794

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
02-20-2024 202311496 Price Decrease $1,690,000 $1,650,000 $1,650,000 $0 $1,335,100 $1,184,500 $150,600
05-26-2023 202311496 New Listing $1,690,000 Active $1,650,000 $0 $1,335,100 $1,184,500 $150,600
09-08-2017 201713819 Sold $1,690,000 Sold $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000
07-15-2017 201713819 In Escrow Not Showing Active In Escrow Not Showing $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000
07-11-2017 201713819 Back On Market Active Active $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000
06-28-2017 201713819 In Escrow Not Showing Active In Escrow Not Showing $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000
06-22-2017 201713819 New Listing Active Active $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000
06-22-2017 201713819 Active $1,000,000 $1,000,000 $1,100,000 $1,091,100 $909,100 $182,000

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Estimated Monthly Mortgage Payment

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Save $73,174.59 of interest charges by adding an extra payment of $100 per month. View details from the link above.

Rate:
5.85% 6.10% 6.35% 6.60% 6.85% 7.10% 7.35% 7.60% 8.10%
0% Down
$9,734$9,999$10,267$10,538$10,812$11,089$11,368$11,650$12,222
3.5% Down
$9,393$9,649$9,908$10,169$10,433$10,700$10,970$11,242$11,795
10% Down
$8,761$8,999$9,240$9,484$9,731$9,980$10,231$10,485$11,000
20% Down
$7,787$7,999$8,214$8,430$8,649$8,871$9,094$9,320$9,778
30% Down
$6,814$6,999$7,187$7,377$7,568$7,762$7,958$8,155$8,556
40% Down
$5,840$5,999$6,160$6,323$6,487$6,653$6,821$6,990$7,333
50% Down
$4,867$4,999$5,133$5,269$5,406$5,544$5,684$5,825$6,111

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Active means currently for sale. Active Under Contract means in escrow but still showing and looking for offers. Pending means in escrow and not looking for offers. Hold means the property is temporarily off the market. Cancelled means it is off the market.

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