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2523 Lai Road Honolulu HI 96816

This property is in escrow and no longer doing showings nor looking for backup offers.

$1,800,000 | OahuRE Rebate $9,000 | Pending

Listed on 03-20-2024

9 Bedrooms, 5 Full Baths, 0 Half Baths, 3 Parking Spaces

3,010 Square Feet Living * 21,500 Square Feet Land

Sell for a $3,500 Flat Fee or 2% With Full Service.

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Property Last Viewed: 04/26/2024 03:08 PM, Total Views Today: 0, Total Views: 235, 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.

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

Price trends for Palolo.

There were 93 homes sold in the last 2 years in the Palolo neighborhood.


2523 Lai Road

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Property Details

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MLS#: 202404020 * Questions?
Status: Pending See History
Price: $1,800,000
Rebate: $ 9,000 from OahuRE.com.
Monthly: $ 10,599.27 Update the default down payment and interest rate
  Monthly payment estimate for $ 1,800,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 253 taxes, and $ 0 fees. Insurance not included.
Beds: 9   Baths: 5   Half: 0  Parking Spaces: 3
Living Sq Ft: 3,010
Land Sq Ft: 21,500
Land Tenure: FS - Fee Simple
Address: 2523 Lai Road Honolulu HI 96816
Region: Diamond Head - Activity
Neighborhood: Palolo - Activity * Palolo Stats
Street: Lai - Activity * Lai Road Stats
Showing: Showing Request

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Original: $1,800,000
Change: $0    0.00%
Parcel#: 1-3-4-012-009-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 12 days in Active or In Escrow Showing
Date: Listed: 03-20-2024
Date: Status Change: 04-02-2024
Year Built: 1967 Remodeled:
View: City, Garden, Mountain, Ocean
Frontage:
Monthly Tax: $253 Year: 2024
Land: FS - Fee Simple
Condition: Above Average, Average

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Description:

For the first time, this multi-generational family home in Palolo with THREE LEGAL DWELLINGS is being made available for sale. The entire property has been maintained with exceptional care and offers a great opportunity for extended family use and/or income generation. The primary Home #1 has 5 bedrooms and 3 full baths; 3/2 upstairs with a full kitchen and 2/1 downstairs with a wet bar. Home #2 and Home #3 are separate permitted units with 2bed/1bath.

All 3 homes are separately metered with views of Palolo valley to Honolulu city and the ocean and are all equipped with their own laundry and garden area for true independent living. This is a must see with potential as a terrific long-term investment. NOTE: Some of the units were rented to family/friends below market rents. Please consult your real estate agent for rental comps.

 
 
Inclusions: Book Shelves, Ceiling Fan, Chandelier, Disposal, Dryer, Range/Oven, Refrigerator, Solar Heater, Washer, Water Heater

Amenities:

Utilities: Cable, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water Construction: Above Ground, Hollow Tile, Single Wall, Slab, Wood Frame Lot Features: Clear, Other Floor: Hardwood, Other, Vinyl, W/W Carpet Disclosures: See Remarks Land Recorded: Regular System Furnished: Partial

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

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $750,100
Building: $277,800  
Assessed Total: $1,027,900  
Assessed Ratio: 175.11%
Pool: None
Location: Dead End, Other
Parking: 3 Car+, Carport, Street

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District Locator: DOE Locator to Confirm District
Area Total: 21,500
Acres: 0.4936
Topography: Steep Slope, Terraced, Up Slope
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: 160000
Other: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $598.01
Avg Sq Ft Land: $83.72
Security:
Rental Income: $0
Stories: One, Two 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: Aluminum/Steel, Composition
Set-Backs: C and C, Of Record Roads: County Rd, Paved Rd
Easements: Electric

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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 Luva LLC (808) 284-5777

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
04-02-2024 202404020 Pending Active In Escrow Not Showing $1,800,000 $0 $1,027,900 $750,100 $277,800
03-20-2024 202404020 New Listing Active Active $1,800,000 $0 $1,027,900 $750,100 $277,800

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Estimated Monthly Mortgage Payment

View OahuRE Mortgage and Interest Savings Calculator

Save $73,483.74 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
$10,619$10,908$11,200$11,496$11,795$12,097$12,401$12,709$13,333
3.5% Down
$10,247$10,526$10,808$11,094$11,382$11,673$11,967$12,265$12,867
10% Down
$9,557$9,817$10,080$10,346$10,615$10,887$11,161$11,438$12,000
20% Down
$8,495$8,726$8,960$9,197$9,436$9,677$9,921$10,167$10,667
30% Down
$7,433$7,636$7,840$8,047$8,256$8,468$8,681$8,897$9,333
40% Down
$6,371$6,545$6,720$6,898$7,077$7,258$7,441$7,626$8,000
50% Down
$5,309$5,454$5,600$5,748$5,897$6,048$6,201$6,355$6,667

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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 04.27.24. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

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