Ala Wai Plaza 500 University Avenue Unit 1408 Honolulu HI 96826-Condo sold on 10-11-2013

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

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Sold 61 Days * $485,000 * Rebate: $2,910 * Metro * Ala Wai Plaza

500 University Avenue 1408 *


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Property Details

MLS#: 201331212 * Questions?
Status: Sold * Easy & Fast Showing Request
Price: $485,000 * Rebate: $2,910 * FS - Fee Simple
Beds: 2      Baths: 2      Half: 1
Living Sq Ft: 1,120
Total Fees: $532
Lanai Sq Ft: 105
Address: 500 University Avenue 1408 Honolulu HI 96826
Region: Metro
Neighborhood: Kapiolani
Building Name: Ala Wai Plaza * Charts for this Building
Original: $485,000
Change: $0    0.00%
Parcel#: 1-2-7-013-002-0213 * Tax Info/Plat Map/Parcel Map/Sketch
Days: 61 List Date: 08-15-2013
Year Built: 1970 Remodeled:
View: City, Diamond Head, Marina/Canal, Ocean, Sunset
Frontage: None
Monthly Tax: $130 Year: 2013
Land: FS - Fee Simple
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! * Easy & Fast Showing Request * Questions?
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: Construction: Concrete Lot Features: Floor: Ceramic Tile, Laminate Disclosures: Pets Allowed (Verify), Property Disclosure Stmt Land Recorded: Dual Systems Furnished: None Possession: Close of Escrow Terms: Cash, Conventional Sale Conditions: None Pet Friendly: Yes Occupancy: 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
Closed: 10-11-2013 Seller's Agent: Jeanie Schmaltz
Sold Ratio: 103% Buyer's Agent: Huasong Wang
Land: $64,700
Building: $396,900  
Assessed Total: $461,600  
Assessed Ratio: 105.07%
Parking: Assigned, Covered - 1
Elementary: Ala Wai * Honolulu Magazine Rankings * School Website
Middle: Washington * School Website
High: Kaimuki * School Website * DOE School Locator to Confirm District
Area Total: 6,941,983
Acres: 159.3660
Building Style: High-Rise 7+ Stories
Building: Ala Wai Plaza
New Const: No
Maint. Fee: $532
Includes: Sewer,Water
Assoc. Fee: $0
Other Fee: $0
Includes: Sewer, Water
Total Fees: $532
Exemption: 0
Other: 0
Lanai Sq Ft: 105
Garage Sq Ft: 0
Avg Sq Ft Living: $433.04
Avg Sq Ft Land: $0.07
Security: EnterPhone, Guard, Keyed Elevator, ResManager
Rental Income: $0
Stories: CPR: No
Zoning: 13 - A-3 High Density Apartment
Flood Zone: Zone A
Set-Backs: Roads:
Links: Google Maps, Schools, Private Schools, Hospitals, Restaurants, Gyms, Shopping, Attractions, Beaches, Churches, Tax Info including buttons to view a Plat Map PDF, GIS Parcel Map, and Building Sketch, Escrow Date Calculator
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: $947, 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: $10,135, Less Rebate: $2,910, Total Estimated Closing Costs: $7,225
Costs: Estimated Closing Cost for Seller: 4.5% Commission: $21,825, Escrow: $947, Title Insurance: $1,149, Conveyance Tax: $485, Survey: $0, Termite Inspection: $500, Association Docs: $350, Other Fees Including Attorney Fee: $300, Total Estimated Closing Costs: $25,956 (Total does not include Pet Treatment, Carpet Shampooing, and Association Documents)

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

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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.

Listing Courtesy: Choi International

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