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1615A Silva Street Honolulu HI 96819

$2,800,000 | OahuRE Rebate $11,200 | Active

Price dropped on 03-21-2024. Original price was $3,950,000

Listed on 05-31-2023

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Property Last Viewed: 05/03/2024 04:02 PM, Total Views Today: 0, Total Views: 194, Viewed History

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OahuRE.com Notes About This Property

Seller is selling `As Is` and may not want to do repairs or issue credits during the inspection period.

Fell out of escrow or Temporarily Withdrawn 3 times. View Details

Price Decreased 2 times. View Details

Not in good condition.


1615A Silva Street

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Property Details

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MLS#: 202311855 * Questions?
Status: Active since 05-31-2023 See History
Price: $2,800,000
Rebate: $ 11,200 from OahuRE.com.
Monthly: $ 18,512.20 Update the default down payment and interest rate
  Monthly payment estimate for $ 2,800,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 2,418 taxes, and $ 0 fees. Insurance not included.
Studio Units: 0
One Bed Units: 2
Two Bed Units: 2
Three Bed Units: 0
Living Sq Ft: 7,450
Land Sq Ft: 8,058
Land Tenure: FS - Fee Simple
Address: 1615A Silva Street Honolulu HI 96819
Region: Metro - Activity
Neighborhood: Kapalama - Activity
Street: Silva - Activity
Showing: Showing Request

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Original: $3,950,000
Change: $-1,150,000    -29.11%
Parcel#: 1-1-2-006-001-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 339 days in Active or In Escrow Showing
Date: Listed: 05-31-2023
Date: Status Change: 03-21-2024
Recent History: Not on the MLS in the last 10 years
Year Built: 1958 Remodeled:
View: City
Frontage: Other
Monthly Tax: $2,418 Year: 2023
Land: FS - Fee Simple
Condition: Fair

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Description:

5 large bays on 2 different streets and a corner to maximize revenue!! This is an amazing opportunity. Next to the newly built and up-and-coming Amazon facilities (14 acres up the street bought by Amazon). Rare fee simple warehouse space with four upstairs apartments with views, on this large corner lot with parking. Walk-in cooler and freezer. This sale includes 2 TMK’s (1-1-2-006-001-0000 AND 1-1-2-006-059-0000). 1615A and 1615 Silva St. Honolulu, HI 96819. 5,440 sq ft warehouse space for the two tmk's and 2,040 sq ft for the four apartments consisting of two 2 bed, 1 bath units, and two 1 bed 1 bath units. Total of 7,480 sq ft. Warehouse has 20 ft wall height and an 8 ft wall height. Properties will be vacant at closing. Buyers, buyer’s agents, and buyers' consultants do their own due diligence for use and potential. Seller to do a 1031 exchange at no cost to the Buyer. So many way to generate revenue from these two TMK's.

 
 
Inclusions:

Amenities:

Utilities: Cable, Internet, Overhead Electricity, Public Water, Telephone, Water Construction: Masonry/Stucco Lot Features: Other Disclosures: 1031 Exchange, Property Disclosure Stmt Land Recorded: Land Court

Possession: At Closing, Negotiable Terms: Cash Sale Conditions: None Utilities: Cable,Internet,Overhead Electricity,Public Water,Telephone,Water Utilities Meters: Electric,Water Building Type: Other Construction Materials: Masonry/Stucco Tenants Responsibilities Includes: None Expenses Include: Other Laundry Facilities: None Parking Total: 6 Studio Units: 0 One Bed Units: 2 Two Bed Units: 2 Three Bed Units: 0

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $2,104,400
Building: $292,200  
Assessed Total: $2,396,600  
Assessed Ratio: 116.83%
Pool:
Location: Corner
Parking: Assigned, Open

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District Locator: DOE Locator to Confirm District
Area Total: 8,058
Acres: 0.1850
Topography: Level
Building Style:
Building:
New Const: No

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Maint. Fee: $0
Assoc. Fee: $0
Other Fee: $0
Includes:
Total Fees: $0
Exemption:
Other: 0
Lanai Sq Ft: 0
Avg Sq Ft Land: $347.48
Security:
Rental Income: $0
Zoning: IM - Industrial Mixed Use
Flood Zone: Zone X * 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: Other
Set-Backs: C and C Roads:
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 Pacific Core Properties HI LLC

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
03-21-2024 202311855 Price Decrease $3,400,000 $2,800,000 $2,800,000 $0 $2,396,600 $2,104,400 $292,200
03-21-2024 202311855 Back On Market In Escrow Showing Active $2,800,000 $0 $2,396,600 $2,104,400 $292,200
01-05-2024 202311855 Active Under Contract Active In Escrow Showing $2,800,000 $0 $2,396,600 $2,104,400 $292,200
08-01-2023 202311855 Price Increase $3,100,000 $3,400,000 $2,800,000 $0 $2,396,600 $2,104,400 $292,200
08-01-2023 202311855 Back On Market In Escrow Showing Active $2,800,000 $0 $2,396,600 $2,104,400 $292,200
06-29-2023 202311855 Active Under Contract Active In Escrow Showing $2,800,000 $0 $2,396,600 $2,104,400 $292,200
06-12-2023 202311855 Price Decrease $3,950,000 $3,100,000 $2,800,000 $0 $2,396,600 $2,104,400 $292,200
06-12-2023 202311855 Back On Market In Escrow Showing Active $2,800,000 $0 $2,396,600 $2,104,400 $292,200
06-08-2023 202311855 Active Under Contract Active In Escrow Showing $2,800,000 $0 $2,396,600 $2,104,400 $292,200
05-31-2023 202311855 New Listing Active Active $2,800,000 $0 $2,396,600 $2,104,400 $292,200

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Estimated Monthly Mortgage Payment

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Rate:
5.85% 6.10% 6.35% 6.60% 6.85% 7.10% 7.35% 7.60% 8.10%
0% Down
$16,518$16,968$17,423$17,882$18,347$18,817$19,291$19,770$20,741
3.5% Down
$15,940$16,374$16,813$17,257$17,705$18,158$18,616$19,078$20,015
10% Down
$14,867$15,271$15,680$16,094$16,513$16,935$17,362$17,793$18,667
20% Down
$13,215$13,574$13,938$14,306$14,678$15,054$15,433$15,816$16,593
30% Down
$11,563$11,877$12,196$12,518$12,843$13,172$13,504$13,839$14,519
40% Down
$9,911$10,181$10,454$10,729$11,008$11,290$11,575$11,862$12,445
50% Down
$8,259$8,484$8,711$8,941$9,174$9,408$9,646$9,885$10,370

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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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