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3451 Paalea Street Honolulu HI 96816

$900,000 | OahuRE Rebate $4,500 | Sold

Listed on 12-19-2022 * 60 Days until Sold

Sold for $918,000 on 02-17-2023

4 Bedrooms, 3 Full Baths, 0 Half Baths, 2 Parking Spaces

1,491 Square Feet Living * 4,750 Square Feet Land

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Property Last Viewed: 09/27/2023 10:37 AM, Total Views Today: 0, Total Views: 381, Viewed History

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Update the default down payment and interest rate.



OahuRE.com Notes About This Property

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

The last sale on February 17, 2023, used Conventional financing, so it is not an assumable mortgage.

Not in good condition.

Price trends for Palolo.

There were 105 homes sold in the last 2 years in the Palolo neighborhood.


3451 Paalea Street

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Property Details

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MLS#: 202225867 * Questions?
Status: Sold for $918,000 on 02-17-2023. Financing: Conventional. See History
Price: $900,000
Rebate: $ 4,500 from OahuRE.com.
Monthly: $ 5,435.13 Update the default down payment and interest rate
  Monthly payment estimate for $ 900,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 262 taxes, and $ 0 fees. Insurance not included.
Beds: 4   Baths: 3   Half: 0  Parking Spaces: 2
Living Sq Ft: 1,491
Land Sq Ft: 4,750
Land Tenure: FS - Fee Simple
Address: 3451 Paalea Street Honolulu HI 96816
Region: Diamond Head - Activity
Neighborhood: Palolo - Activity * Palolo Stats
Street: Paalea - Activity * Paalea Street Stats
Showing: Showing Request

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Original: $900,000
Change: $0    0.00%
Parcel#: 1-3-3-040-039-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 8 days in Active or In Escrow Showing
Date: Listed: 12-19-2022
Date: Status Change: 02-17-2023
Year Built: 1935 Remodeled:
View: Mountain
Frontage: Other
Monthly Tax: $262 Year: 2022
Land: FS - Fee Simple
Condition: Needs Major Repair, Tear Down

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Description:

Fab Opportunity to Restore. Cool 2 legal dwellings in Honolulu under $1 million. Need Savvy & financially Strong Buyer with renovation experience to rehab houses. Front house sparks 1935 vintage charm with inviting classic look. Back house, built with C&C permit in 1959, is Grandfathered-In. Back house is Non-Conforming to current zoning code R-5. Ideal with 2 C&C legal houses for rental income or live in one and supplement your monthly mortgage by renting other house out. Each house has own electrical HECO new digital meter. Back house needs extensive repairs but definitely worth the sweat equity to maintain legal 2nd dwelling on property. Seller paid for pre-inspection of house for full disclosures. Buyer must conduct own Due Diligence of property condition. Both Houses were rentals for many decades. Survey & Building Permit pkg available to view in supplements. Please Contact your buyer agent today to preview and have lender pre-approval letter &/ cash verification ready. Build or expand your empire today.

 
 
Inclusions: Dryer, Range/Oven, Refrigerator, Washer, Water Heater

Amenities: None

Utilities: Cable, Overhead Electricity, Public Water, Telephone Construction: Single Wall Lot Features: Other Floor: Other, W/W Carpet Disclosures: Call Listor, Property Disclosure Stmt, See Remarks Land Recorded: Land Court Furnished: Partial

Possession: 45 Days or Less, At Closing Terms: Cash, Conventional Sale Conditions: None

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Sold Price: $918,000 Loan Type: Conventional
Concession:
Closed: 02-17-2023
Sold Ratio: 102%
Days Sold: 60
Land: $750,800
Building: $146,500  
Assessed Total: $897,300  
Assessed Ratio: 100.30%
Pool: None
Location: Other
Parking: 2 Car, Garage, Street

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District Locator: DOE Locator to Confirm District
Area Total: 4,750
Acres: 0.1090
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: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $603.62
Avg Sq Ft Land: $189.47
Security: Key
Rental Income: $0
Stories: One CPR: No
Zoning: 05 - R-5 Residential District
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: Asphalt Shingle, Composition
Set-Backs: C and C Roads: County 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 Properties of the Pacific, LLC (808) 733-2233

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
02-17-2023 202225867 Sold Sold $900,000 $918,000 $897,300 $750,800 $146,500
12-27-2022 202225867 In Escrow Not Showing Active In Escrow Not Showing $900,000 $918,000 $897,300 $750,800 $146,500
12-19-2022 202225867 New Listing Active Active $900,000 $918,000 $897,300 $750,800 $146,500
12-19-2022 202225867 Active $900,000 $900,000 $918,000 $897,300 $750,800 $146,500

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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
$5,309$5,454$5,600$5,748$5,897$6,048$6,201$6,355$6,667
3.5% Down
$5,124$5,263$5,404$5,547$5,691$5,837$5,984$6,132$6,433
10% Down
$4,779$4,909$5,040$5,173$5,308$5,443$5,581$5,719$6,000
20% Down
$4,248$4,363$4,480$4,598$4,718$4,839$4,961$5,084$5,333
30% Down
$3,717$3,818$3,920$4,024$4,128$4,234$4,341$4,448$4,667
40% Down
$3,186$3,272$3,360$3,449$3,538$3,629$3,720$3,813$4,000
50% Down
$2,655$2,727$2,800$2,874$2,949$3,024$3,100$3,177$3,333

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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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Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd. Active listings last updated on 09.28.23. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.

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