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Marco Polo Apts 2333 Kapiolani Boulevard Unit 3404 Honolulu HI 96826

This property is in escrow, but the seller is still showing it and looking for backup offers.

$230,000 | OahuRE Rebate $920 | Active Under Contract

Price dropped on 02-20-2024. Original price was $240,000

Listed on 02-01-2024

1 Bedroom, 1 Full Bath, 0 Half Baths, 1 Parking Spaces

624 Square Feet Living * 0 Square Feet Land * $752 Total Association Fees

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Property Last Viewed: 05/01/2024 08:12 PM, Total Views Today: 0, Total Views: 240, Viewed History

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Comparables by Square Feet

Short Cuts

Update the default down payment and interest rate.


Leasehold: Lease Rent: $242 / 2041 | Buy Fee: $170,680 | Lessor: Weinberg H & J Fndtn Inc | Reneg Date: 12-01-2026 | Expires: 11-30-2041 | Step-Ups: $ $




OahuRE.com Notes About This Property

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

This property is Leasehold but you can buy the fee for $170,680 to make it Fee Simple. Lease rent is $242 per month until 2041.

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

The last sale on April 23, 2007, used Conventional financing, so it is not an assumable mortgage.

Listed previously on December 2, 2019 for $274,000. View Details

Listed previously on March 29, 2019 for $319,000. View Details

Listed previously on October 10, 2011 for $295,000. View Details

Listed previously on February 9, 2007 for $320,000. View Details

Fell out of escrow or Temporarily Withdrawn 1 time.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

Price Decreased 8 times. View Details

Withdrawn 2 times. View Details

Expired 1 time. View Details

Not in good condition.

Price trends for Kapiolani.

There were 186 homes sold in the last 2 years in the Kapiolani neighborhood.


Marco Polo Apts 2333 Kapiolani Boulevard  Unit 3404

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Marco Polo Apts 2333 Kapiolani Boulevard  Unit 3404

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Property Details

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MLS#: 202401684 * Questions?
Status: Active Under Contract See History
Price: $230,000
Rebate: $ 920 from OahuRE.com.
Monthly: $ 2,128.02 Update the default down payment and interest rate
  Monthly payment estimate for $ 230,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 54 taxes, and $ 752 fees. Insurance not included.
Beds: 1   Baths: 1   Half: 0  Parking Spaces: 1
Living Sq Ft: 624
Land Sq Ft: 0
Land Tenure: LH - Leasehold
Address: 2333 Kapiolani Boulevard 3404 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity * Kapiolani Stats
Street: Kapiolani - Activity * Kapiolani Boulevard Stats
Showing: Showing Request

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Original: $240,000
Change: $-10,000    -4.17%
Parcel#: 1-2-7-004-001-0542
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 31 days in Active or In Escrow Showing
Date: Listed: 02-01-2024
Date: Status Change: 03-04-2024
Year Built: 1971 Remodeled:
View: City, Diamond Head, Marina/Canal
Frontage:
Monthly Tax: $54 Year: 2023
Land: LH - Leasehold
Condition: Average, Fair

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Description:

10K PRICE DECREASE! PURCHASE AS FEE SIMPLE OR LEASEHOLD! Financing Available to purchase the Fee. Don’t miss your opportunity to own this desirable, high floor unit (one floor below Penthouse) with Diamond Head and mountain views in the Marco Polo Apartments. Great location in town area close to Waikiki Beach, Ala Moana, and University of Hawaii.

Secured building with many amenities (Mini Mart, BBQ, pool, tennis courts, sauna, recreation deck, etc.). Unit is equipped with sprinkler and fire alarm system. Unit is being sold As-Is. All info deemed reliable, must be verified by Buyer before close of escrow. Great investment or first-time homebuyer potential. Schedule your showing today!

 
 
Inclusions: AC Window Unit, Dishwasher, Dryer, Microwave, Range/Oven, Washer

Amenities: BBQ, Condo Association Pool, Fire Sprinkler, Pool on Property, Putting Green, Recreation Area, Sauna, Security Guard, Tennis Court

Utilities: Construction: Concrete, Masonry/Stucco Lot Features: Floor: Other, W/W Carpet Disclosures: Pets Allowed (Verify) Land Recorded: Dual Systems Furnished: None

Possession: At Closing Terms: Cash, Conventional Sale Conditions: None

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $43,800
Building: $421,000  
Assessed Total: $464,800  
Assessed Ratio: 49.48%
Pool:
Location:
Parking: Covered - 1

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District Locator: DOE Locator to Confirm District
Area Total: 0
Acres: 0.0000
Topography:
Building Style: High-Rise 7+ Stories
Building: Marco Polo Apts
New Const: No

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Maint. Fee: $614
Assoc. Fee: $0
Other Fee: $138
Includes: Other Common Expenses, Sewer, Water
Total Fees: $752
Exemption: 0
Other: 0
Lanai Sq Ft: 48
Garage Sq Ft: 0
Avg Sq Ft Living: $368.59
Avg Sq Ft Land: $inf
Security: Key, Keyed Elevator, Video
Rental Income: $0
Stories: CPR: No
Zoning: 13 - A-3 High Density Apartment
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:
Set-Backs: Roads:
Easements:

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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
Leasehold: Lease Rent: $242 / 2041 | Buy Fee: $170,680 | Lessor: Weinberg H & J Fndtn Inc | Reneg Date: 12-01-2026 | Expires: 11-30-2041 | Step-Ups: $ $ Please learn more about Leasehold
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 Keller Williams Honolulu (951) 250-0565

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
03-04-2024 202401684 Active Under Contract Active In Escrow Showing $230,000 $0 $464,800 $43,800 $421,000
02-20-2024 202401684 Price Decrease $240,000 $230,000 $230,000 $0 $464,800 $43,800 $421,000
02-01-2024 202401684 New Listing $240,000 Active $230,000 $0 $464,800 $43,800 $421,000
10-23-2020 201933484 Withdrawn Active Cancelled $229,000 $0 $378,700 $37,300 $341,400
04-23-2020 201933484 Price Decrease $239,000 $229,000 $229,000 $0 $378,700 $37,300 $341,400
01-31-2020 201933484 Price Decrease $259,000 $239,000 $229,000 $0 $378,700 $37,300 $341,400
01-05-2020 201933484 Price Decrease $274,000 $259,000 $229,000 $0 $378,700 $37,300 $341,400
12-02-2019 201933484 New Listing $274,000 Active $229,000 $0 $378,700 $37,300 $341,400
11-21-2019 201908670 Withdrawn Active Cancelled $274,900 $0 $378,700 $37,300 $341,400
11-18-2019 201908670 Back On Market In Escrow Showing Active $274,900 $0 $378,700 $37,300 $341,400
07-17-2019 201908670 In Escrow Showing Active In Escrow Showing $274,900 $0 $378,700 $37,300 $341,400
06-05-2019 201908670 Price Decrease $299,900 $274,900 $274,900 $0 $378,700 $37,300 $341,400
05-06-2019 201908670 Price Decrease $309,000 $299,900 $274,900 $0 $378,700 $37,300 $341,400
04-16-2019 201908670 Price Decrease $319,000 $309,000 $274,900 $0 $378,700 $37,300 $341,400
04-01-2019 201908670 New Listing $319,000 Active $274,900 $0 $378,700 $37,300 $341,400
02-11-2012 1112379 Expired Active Expired $295,000 $0 $336,000 $32,500 $303,500
10-11-2011 1112379 New Listing Active Active $295,000 $0 $336,000 $32,500 $303,500
04-23-2007 2703489 Sold In Escrow Showing Sold $299,000 $280,000 $340,100 $49,000 $291,100
02-27-2007 2703489 Active Continue to Show Active In Escrow Showing $299,000 $280,000 $340,100 $49,000 $291,100
02-18-2007 2703489 Price Decrease $320,000 $299,000 $299,000 $280,000 $340,100 $49,000 $291,100

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Save $56,160.19 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
$1,357$1,394$1,431$1,469$1,507$1,546$1,585$1,624$1,704
3.5% Down
$1,309$1,345$1,381$1,418$1,454$1,492$1,529$1,567$1,644
10% Down
$1,221$1,254$1,288$1,322$1,356$1,391$1,426$1,462$1,533
20% Down
$1,085$1,115$1,145$1,175$1,206$1,237$1,268$1,299$1,363
30% Down
$950$976$1,002$1,028$1,055$1,082$1,109$1,137$1,193
40% Down
$814$836$859$881$904$927$951$974$1,022
50% Down
$678$697$716$734$754$773$792$812$852

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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.



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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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