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Ala Wai Plaza 500 University Avenue Unit 1408 Honolulu HI 96826 - Condo

Sold 61 Days * $485,000 * Rebate: $2,910 * Metro * Ala Wai Plaza * 500 University Avenue 1408 * http://www.OahuRE.com/s?201331212CND

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MLS#: 201331212 Beds: 2 Baths: 2 Half: 1 Address: 500 University Avenue 1408 Honolulu HI 96826
Status: Sold * Compare Living Sq Ft: 1,120 Region: Metro
Price: $485,000 * Rebate: $2,910 * FS - Fee Simple Land Sq Ft: 6,941,983 Neighborhood: Kapiolani * Ala Wai Plaza
 
Original: $485,000 Days: 61 List Date: 08-15-2013 Monthly Tax: $130 Year: 2013
Change: $0    0.00% Year Built: 1970 Remodeled: Land: FS - Fee Simple
Parcel#: 1-2-7-013-002-0213 * Tax Info View: City, Diamond Head, Marina/Canal, Ocean, Sunset Condition: Above Average
 
Description: Amazing Waikiki, Ocean, Sunset, & Diamond Head views from this high floor unit on the cool side of the building! Spacious 2 BR, 2.5 BA condo with over 1,100 sf of living area! Features newer laminate flooring, spacious covered lanai w/views, pass through or eat-in kitchen counter, and convenient to UH, park, busline, & freeway. Secured upscale building with nice amenities! Best IN-TOWN value!
 
Inclusions: Cable TV, Dishwasher, Disposal, Drapes, Dryer, Microwave, Range/Oven, Refrigerator, Washer Amenities: BBQ, Enter Phone, Exercise Room, Pool, Recreation Room, Resident Manager, Security Guard, Trash Chute Utilities: Additional Rooms: Construction: Concrete Lot Description: Floor: Ceramic Tile, Laminate Disclosures: Pets Allowed (Verify), Property Disclosure Stmt Land Recorded: Dual Systems Furnished: None Possession: Close of Escrow Terms: Cash, Conventional Listing Courtesy: Choi International Sale Conditions: None Pet Friendly: Yes * (Pet Friendly List) Occupany: 61% Number of Parking Spaces: 1 Parking Spaces Number: 203 Floor Number: 14 Elevators: 0 Management Company Name & Phone: Hawaiian Prop 808-539-9777
 
Sold Price: $500,800 Loan Type: Cash Land: $64,700 Frontage: None
Closed: 10-11-2013 Seller's Agent: Jeanie Schmaltz Building: $396,900   Pool:
Sold Ratio: 103% Buyer's Agent: Huasong Wang Assessed Total: $461,600   Location:
Concession: Assessed Ratio: 105.07% Parking: Assigned, Covered - 1
 
Elementary: Ala Wai * Honolulu Magazine Rankings * School Website Area Total: 6,941,983 Building Style: High-Rise 7+ Stories
Middle: Washington * School Website Acres: 159.3660 Building: Ala Wai Plaza
High: Kaimuki * School Website Topography: New Const: No
 
Maint. Fee: $532 Other: 0 Stories: CPR: No
Includes: Sewer,Water Lanai Sq Ft: 105 Zoning: 13 - A-3 High Density Apartment
Assoc. Fee: $0 Garage Sq Ft: 0 Flood Zone: Zone A  Flood Hazard Tool
Other Fee: $0 Avg Sq Ft Living: $433.04 Roofing:
Includes: Sewer, Water Avg Sq Ft Land: $0.07 Set-Backs: Roads:
Total Fees: $532 Security: EnterPhone, Guard, Keyed Elevator, ResManager Easements:
Exemption: 0 Rental Income: $0    
 
Links: Google Maps, Schools, Private Schools, Hospitals, Restaurants, Gyms, Shopping, Attractions, Beaches, Churches, Tax
Tax Info: Assessed Values, Floor Plan, Parcel Map, Sales History, Summary
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, Trippler, Wheeler, VA Mortgage Info
Costs: Estimated Closing Cost for Buyer: Escrow: $758, Title Insurance: $766, Lender Title Insurance: $250, Lender Fee: $595, 1 Point on Loan (assumes 10% down): $4,365, Appraisal: $650, Home Inspection: $350, Closing Reserve: $350, Taxes: $780, Maintenance Fee: $532, HOA Transfer Fee: $350, Other Fees: $200, Estimated Closing Costs: $9,946, Less OahuRE.com Rebate: $2,910, Total Estimated Closing Costs: $7,036
Costs: Estimated Closing Cost for Seller: 4.5% Commission: $21,825, Escrow: $758, Title Insurance: $1,149, Conveyance Tax: $485, Survey: $0, Termite Inspection: $350, Other Fees: $50, Total Estimated Closing Costs: $25,217

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Property History
Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
10-15-2013 201331212 Sold In Escrow Sold $485,000 $500,800 $461,600 $64,700 $396,900
08-30-2013 201331212 In Escrow Active In Escrow $485,000 $500,800 $461,600 $64,700 $396,900
08-15-2013 201331212 New Listing Active Active $485,000 $500,800 $461,600 $64,700 $396,900
08-15-2013 201331212 Active $485,000 $485,000 $500,800 $461,600 $64,700 $396,900


Estimated Monthly Payment

Rate:
3.75% 4.00% 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 6.00%
0% Down
$2,246$2,315$2,386$2,457$2,530$2,604$2,678$2,754$2,908
3.5% Down
$2,167$2,234$2,302$2,371$2,441$2,512$2,584$2,657$2,806
10% Down
$2,021$2,084$2,147$2,212$2,277$2,343$2,410$2,478$2,617
20% Down
$1,797$1,852$1,909$1,966$2,024$2,083$2,143$2,203$2,326
30% Down
$1,572$1,621$1,670$1,720$1,771$1,823$1,875$1,928$2,035
40% Down
$1,348$1,389$1,432$1,474$1,518$1,562$1,607$1,652$1,745
50% Down
$1,123$1,158$1,193$1,229$1,265$1,302$1,339$1,377$1,454
View OahuRE Mortgage Calculator


Mortgage Interest Savings with Extra Payment

Extra Monthly
Payment
Interest Saved
Total
Interest Saved
10 Years
Interest Saved
15 Years
Interest Saved
20 Years
$0 $0 $0 $0 $0
$100 $35,273 $3,120 $7,641 $14,812
$200 $63,090 $6,240 $15,283 $29,625
$300 $85,675 $9,359 $22,924 $44,437
Based on a $388,000 loan, 4.5% interest rate, 30 year conventional loan.

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Comparables for 500 University Avenue 1408 Honolulu HI 96826

Select Comparables in the same Building with the same Bedrooms and within 10 Floors

10 comparables found between floor 4 and 24 with 2 bedrooms in the Ala Wai Plaza Building.

Select Comparables in the same Building by Price

6 comparables found priced between $460,750 and $509,250 in the Ala Wai Plaza Building.

7 comparables found priced between $436,500 and $533,500 in the Ala Wai Plaza Building.

8 comparables found priced between $412,250 and $557,750 in the Ala Wai Plaza Building.

11 comparables found priced between $388,000 and $582,000 in the Ala Wai Plaza Building.

Select Comparables in the Building by Living Square Feet

8 comparables found living square feet between 1,064 and 1,176 in the Ala Wai Plaza Building.

10 comparables found living square feet between 1,008 and 1,232 in the Ala Wai Plaza Building.

10 comparables found living square feet between 952 and 1,288 in the Ala Wai Plaza Building.

10 comparables found living square feet between 896 and 1,344 in the Ala Wai Plaza Building.

Select Comparables in the Neighborhood by Price

22 comparables found priced between $460,750 and $509,250 in the Kapiolani Neighborhood.

39 comparables found priced between $436,500 and $533,500 in the Kapiolani Neighborhood.

51 comparables found priced between $412,250 and $557,750 in the Kapiolani Neighborhood.

65 comparables found priced between $388,000 and $582,000 in the Kapiolani Neighborhood.

Select Comparables in the Region by Price

201 comparables found priced between $460,750 and $509,250 in the Metro Region.

454 comparables found priced between $436,500 and $533,500 in the Metro Region.

680 comparables found priced between $412,250 and $557,750 in the Metro Region.

918 comparables found priced between $388,000 and $582,000 in the Metro Region.

Select Comparables in the Neighborhood by Living Square Feet

23 comparables found living square feet between 1,064 and 1,176 in the Kapiolani Neighborhood.

29 comparables found living square feet between 1,008 and 1,232 in the Kapiolani Neighborhood.

36 comparables found living square feet between 952 and 1,288 in the Kapiolani Neighborhood.

46 comparables found living square feet between 896 and 1,344 in the Kapiolani Neighborhood.

Select Comparables in the Region by Living Square Feet

228 comparables found living square feet between 1,064 and 1,176 in the Metro Region.

464 comparables found living square feet between 1,008 and 1,232 in the Metro Region.

662 comparables found living square feet between 952 and 1,288 in the Metro Region.

871 comparables found living square feet between 896 and 1,344 in the Metro Region.

Popular Yelp Links Sorted by Review Count Near Ala Wai Plaza 500 University Avenue Unit 1408

     Most Popular, Restaurants, Shopping, Arts & Entertainment, Active Life Activities



Neighborhood Charts

Condo/Townhouse Sold Ratio - Percentage of Original Price It Sold At

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Condo/Townhouse Days on Market before Sold

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Condo/Townhouse Active Price Range

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Condo/Townhouse Sold Price Range

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Condo/Townhouse Active Living Square Feet

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Condo/Townhouse Sold Living Square Feet

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Neighborhood Interview from a neighbor who lives there.

How long have you lived in the Kapiolani neighborhood?

I can't remember if it's 4 or 5 years, but at least 4 years.

What factors influenced your decision to move to your neighborhood?

The Ala Wai park is nearby. I work at the University from time to time. All the transportation is convenient. Those are all the factors. I'm a contractor, so most of my work is right around town, Waikiki area, so it's easy to get to every place.

How does where you lived before compare?

I was over in Waikiki. I actually like Waikiki too, you know. I would have to say that I miss that kind of energy of Waikiki. Actually, maybe I prefer Waikiki.

So basically the only reason why you moved from Waikiki to Kapiiolani is the convenience for work?

No. It's economic. Waikiki is a bit too spendy for me.

How is the traffic in and around the neighborhood? For example, getting to stores, downtown, commuting to work, etc.?

Traffic is a breeze. Absolutely no problem. Of course, unless you go at 7:30AM trying to get to downtown, you could have a problem. But traffic is no problem.

Do you have any concerns with crime in the neighborhood?

There is a little bit. There is that park on Isenberg, there's some activity there. But I have never had a personal problem with crime. Just get to walk through some questionable areas. I've seen a few people running away from some situations.

How are the schools in the area?

I don't have kids so I'm not familiar. From time to time, I work at the University, so that school is good. Then they have that middle school, but I have no idea how good or bad that school is.

What is the noise level like? Any excessive noise from traffic, planes, neighbors, etc.?

That's the one thing that this neighborhood beats Waikiki on. It is quiet. No noise.

What are the things you like best about your neighborhood?

Just like I said, there's almost no traffic on the streets, so parking is easy. The neighbors are all friendly. It's just a friendly environment.

What are the things that you would like to change about your neighborhood?

I wish there were more grocery stores nearby. The closest one is Longs. So you have to go up about a mile and a half in either direction to get to a store. That's kind of a drag.

Aside from being friendly, what are your neighbors like?

They're always out walking their dogs, so they always seem to stop and talk, so we get to know each other pretty well.

Do you have any favorite nearby restaurants?

The Willows is right across the street. That's a terrific place. Then there's Subway right up half a block away. Down to Earth. There's a few good places to eat. All kinds of fast food--Burger King is there, some Indian restaurants right on the King, right around the corner.

What about favorite nearby places to shop?

For appliances, I have to go to Ala Moana to shop. If it's easy food, then I spend most of my time in Longs. Other than that, I go up to Foodland on either side (Foodland Beretania or Foodland Ala Moana.)

Are there any events in your neighborhood or nearby that you like to take part in?

I don't. I don't think I've ever been apprised of any neighborhood events either. So I don't have any information on that.

Would you recommend buying a house in your neighborhood?

Oh, yeah. It's a great neighborhood. Like I said, you get to know the neighbors so you feel safe and secure. Everyone watches out for everyone else. Yeah, it's a great place.




Tax Information
 
Parcel Data
TMK270130020213
Site Address500 UNIVERSITY AVE
Apartment No.1408
Property ClassResidential
Total Parcel AreaAcres
ZoningU/13/13


2013 Assessed Values as of October 1, 2012
TMK270130020213
Property ClassRESIDENTIAL
Total Property Assessed Value$461,600
Total Property Exemption$0
Total Property Net Taxable Assessed Value$461,600
Land Assessed Value$64,700
Dedicated/Use Value$0
Land Exemption$0
Net Taxable Land Value$64,700
Building Assessed Value$396,900
Building Exemption$0
Net Taxable Building Value$396,900

Sales
Instrument DateSale AmountInstrument #Instrument TypeRecordation DateLand Court Doc#Certificate NumberBook/Page
12/11/2009$300,000FEE CONVEYANCE12/24/20093926916968420/
08/28/1989$10,700,000FEE CONVEYANCE08/31/19891662697334512/
08/23/1989$10,700,000FEE CONVEYANCE08/31/19891662696334511/
07/25/1989$33,273FEE CONVEYANCE08/31/19891662946334665/
07/01/1989$33,273FEE CONVEYANCE/
09/20/1988$200,000LEASE09/21/1988158095622623*/
09/01/1988$206,000LEASE/
03/14/1988LEASE03/29/1988153906122623*/
11/01/1985$120,000LEASE/

Residential
Property ClassPlease select the Land Details tab.
Card1
Story Height2
OccupancyH.P.R.
Full Baths2
Total Living Area1120
Bedrooms2
Year Built1970
Eff. Year Built 
First Floor Living Area560
Half Baths1

Condo
Floor Level14
Type1
View4
% of Interest 
Total Living Area1120

Tax Bill Information
PeriodDescriptionOriginal
Due Date
Tax/
Assmt
Tax CreditsNet TaxPenaltyInterestOtherTotal
2013-2Property Tax02-20-14807.800.00807.800.000.000.00807.80
Total:807.800.00807.800.000.000.00807.80

Tax Bill data is computed to:August20, 2013

Tax Details 2011
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2011-1Beginning Tax834.580.000.000.000.00
2011-1Payment0.00-834.580.000.000.00
2011-2Beginning Tax834.570.000.000.000.00
2011-2Payment0.00-834.570.000.000.00
Total:1,669.15-1,669.150.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2011548491821-JUL-11-1,669.150.000.000.00
Total:-1,669.150.000.000.00

Tax Details 2010
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2010-1Beginning Tax801.740.000.000.000.00
2010-1Payment0.00-801.74-80.17-97.010.00
2010-2Beginning Tax801.740.000.000.000.00
2010-2Payment0.00-801.74-80.17-44.100.00
Total:1,603.48-1,603.48-160.34-141.110.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2010548491821-JUL-11-1,603.48-160.34-141.110.00
Total:-1,603.48-160.34-141.110.00

Tax Details 2009
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2009-1Beginning Tax808.830.000.000.000.00
2009-1Payment0.00-808.830.000.000.00
2009-2Beginning Tax808.830.000.000.000.00
2009-2Payment0.00-808.83-48.53-17.150.00
Total:1,617.66-1,617.66-48.53-17.150.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2009462144320-AUG-09-808.830.000.000.00
2009491764906-APR-10-808.83-48.53-17.150.00
Total:-1,617.66-48.53-17.150.00

Tax Details 2008
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2008-1Beginning Tax823.330.000.000.000.00
2008-1Payment0.00-823.330.000.000.00
2008-2Beginning Tax823.320.000.000.000.00
2008-2Adjustment0.00-0.200.000.000.00
2008-2Payment0.00-823.120.000.000.00
Total:1,646.65-1,646.650.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2008394464915-AUG-08-1,646.450.000.000.00
Total:-1,646.450.000.000.00

Tax Details 2007
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2007-1Beginning Tax863.460.000.000.000.00
2007-1Payment0.00-863.460.000.000.00
2007-2Beginning Tax863.460.000.000.000.00
2007-2Payment0.00-863.460.000.000.00
Total:1,726.92-1,726.920.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2007332990706-AUG-07-1,726.920.000.000.00
Total:-1,726.920.000.000.00

Tax Details 2006
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2006-1Beginning Tax880.810.000.000.000.00
2006-1Payment0.00-880.810.000.000.00
2006-2Beginning Tax880.810.000.000.000.00
2006-2Payment0.00-880.810.000.000.00
Total:1,761.62-1,761.620.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2006279845107-AUG-06-1,761.620.000.000.00
Total:-1,761.620.000.000.00

Tax Details 2005
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2005-1Beginning Tax674.260.000.000.000
2005-1Payment0.00-674.260.000.000
2005-2Beginning Tax674.250.000.000.000
2005-2Payment0.00-674.250.000.000
Total:1,348.51-1,348.510.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2005225971611-AUG-05-1,348.510.000.000.00
Total:-1,348.510.000.000.00

Tax Details 2004
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2004-1Beginning Tax608.070.000.000.000.00
2004-1Payment0.00-608.070.000.000.00
2004-2Beginning Tax608.060.000.000.000.00
2004-2Payment0.00-608.060.000.000.00
Total:1,216.13-1,216.130.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2004176151816-AUG-04-1,216.130.000.000.00
Total:-1,216.130.000.000.00

Tax Details 2003
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2003-1Beginning Tax549.760.000.000.000.00
2003-1Payment0.00-549.760.000.000.00
2003-2Beginning Tax549.750.000.000.000.00
2003-2Payment0.00-549.750.000.000.00
Total:1,099.51-1,099.510.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
2003133568319-AUG-03-1,099.510.000.000.00
Total:-1,099.510.000.000.00

Tax Details 2002
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2002-1Beginning Tax491.640.000.000.000.00
2002-1Payment0.00-491.640.000.000.00
2002-2Beginning Tax491.640.000.000.000.00
2002-2Payment0.00-491.640.000.000.00
Total:983.28-983.280.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
200268482015-AUG-02-983.280.000.000.00
Total:-983.280.000.000.00

Tax Details 2001
PeriodDescriptionTaxPaid / AdjustPenalty PaidInterest PaidOther
2001-1Beginning Tax418.270.000.000.000.00
2001-1Payment0.00-418.270.000.000.00
2001-2Beginning Tax418.260.000.000.000.00
2001-2Payment0.00-418.260.000.000.00
Total:836.53-836.530.000.000.00

Payment Summary
YearPayment #DateTaxPenaltyInterestOther
20018631113-AUG-01-418.270.000.000.00
20018631213-AUG-01-418.260.000.000.00
Total:-836.530.000.000.00


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