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Iolani Court Plaza 2499 Kapiolani Boulevard Unit 1505 Honolulu HI 96826

$550,000 | OahuRE Rebate $2,750 | Active

Price dropped on 04-08-2024. Original price was $565,000

Listed on 03-22-2024

2 Bedrooms, 2 Full Baths, 0 Half Baths, 1 Parking Spaces

820 Square Feet Living * $1,261 Total Association Fees

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Property Last Viewed: 04/27/2024 06:33 PM, Total Views Today: 0, Total Views: 109, Viewed History

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OahuRE.com Notes About This Property

View all new listings in the Iolani Court Plaza since this property was listed.

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

The last sale on October 16, 2020, used a VA loan, so it should be assumable at a lower interest rate.

Listed previously on September 11, 2020 for $499,800. View Details

Listed previously on August 13, 2004 for $389,000. View Details

Price Decreased 2 times. View Details

Expired 1 time. View Details

There are 4 buildings in the same neighborhood with similar units for sale.

There are 50 buildings in the same region with similar units for sale.

Price trends for Iolani Court Plaza.

There were 19 units sold in the last 2 years in the Iolani Court Plaza building.


Iolani Court Plaza 2499 Kapiolani Boulevard  Unit 1505

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Iolani Court Plaza 2499 Kapiolani Boulevard  Unit 1505

Iolani Court Plaza 2499 Kapiolani Boulevard  Unit 1505

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Property Details

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MLS#: 202406942 * Questions?
Status: Active since 03-22-2024 See History
Price: $550,000
Rebate: $ 2,750 from OahuRE.com.
Monthly: $ 4,571.36 Update the default down payment and interest rate
  Monthly payment estimate for $ 550,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 149 taxes, and $ 1,261 fees. Insurance not included.
Beds: 2   Baths: 2   Half: 0  Parking Spaces: 1
Living Sq Ft: 820
Land Tenure: FS - Fee Simple
Total Fees: $1,261
Lanai Sq Ft: 0
Address: 2499 Kapiolani Boulevard 1505 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity
Street: Kapiolani - Activity * Kapiolani Boulevard Stats
Building Name: Activity in Iolani Court Plaza * Iolani Court Plaza Stats
Charts: Charts for this Building
Statistics: Live Building Stats
Showing: Showing Request

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Original: $565,000
Change: $-15,000    -2.65%
Parcel#: 1-2-7-019-014-0111
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 37 days in Active or In Escrow Showing
Date: Listed: 03-22-2024
Date: Status Change: 03-24-2024
Recent History: Last Sold on 10-16-2020 for $510,000 - MLS# 202023619 - Seller's Agent: Myron N Kiriu, Buyer's Agent: Yvette C Gomez
Year Built: 1979 Remodeled:
View: City
Frontage:
Monthly Tax: $149 Year: 2023
Land: FS - Fee Simple
Condition: Average

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Description:

An ideal home for first time homebuyer or investor. A spacious two bedroom, two bath condo in the city. Close to UH, Ala Moana, Kaimuki and Ala Wai. Iolani Court Plaza is known for a variety of amenities that includes pool, sauna, recreation rooms and lots of guest parking. The maintenance fee includes, central AC, cable, internet, water, sewer, and common elements. For VA Buyers, this is an assumable VA loan with an interest rate of 2.25%.

 
 
Inclusions: AC Central, Auto Garage Door Opener, Cable TV, Chandelier, Drapes, Dryer, Microwave Hood, Range/Oven, Refrigerator, Washer

Amenities: BBQ, Condo Association Pool, Patio/Deck, Pool on Property, Putting Green, Recreation Area, Recreation Room, Resident Manager, Security Guard, Storage, Tennis Court, Trash Chute

Utilities: Construction: Above Ground Lot Features: Floor: Ceramic Tile, Laminate Disclosures: None Land Recorded: Land Court Furnished:

Possession: 45 Days or Less, At Closing Terms: Assumable Loan, Cash, Conventional, VA Sale Conditions: None Pet Friendly: No Occupancy: 59% Number of Parking Spaces: 1 Parking Spaces Number: 335 Floor Number: 15 Elevators: 0 Management Company Name & Phone: Hawaiian Properties 808-539-9777

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $56,000
Building: $456,100  
Assessed Total: $512,100  
Assessed Ratio: 107.40%
Pool:
Location:
Parking: Assigned, Covered - 1, Guest, Secured Entry, Street

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District Locator: DOE Locator to Confirm District
Area Total: 95,048
Acres: 2.1820
Topography:
Building Style: High-Rise 7+ Stories
Building: Iolani Court Plaza
New Const: No

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Maint. Fee: $1,261
Assoc. Fee: $0
Other Fee: $0
Includes: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Total Fees: $1,261
Exemption: 0
Other: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $670.73
Security: Key, Keyed Elevator
Rental Income: $0
Zoning: 13 - A-3 High Density Apartment
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:
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
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 J&H Properties, LLC (808) 548-9581

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
04-08-2024 202406942 Price Decrease $565,000 $550,000 $550,000 $0 $512,100 $56,000 $456,100
03-24-2024 202406942 New Listing $565,000 Active $550,000 $0 $512,100 $56,000 $456,100
10-16-2020 202023619 Sold In Escrow Showing Sold $499,800 $510,000 $488,100 $51,900 $436,200
09-18-2020 202023619 In Escrow Showing Active In Escrow Showing $499,800 $510,000 $488,100 $51,900 $436,200
09-11-2020 202023619 New Listing Active Active $499,800 $510,000 $488,100 $51,900 $436,200
07-31-2005 2412753 Expired Active Expired $383,000 $0 $230,300 $28,400 $201,900
03-24-2005 2412753 Pending In Escrow Showing In Escrow Not Showing $383,000 $0 $230,300 $28,400 $201,900
12-18-2004 2412753 Active Continue to Show Active In Escrow Showing $383,000 $0 $230,300 $28,400 $201,900
11-04-2004 2412753 Price Decrease $38,300,000 $383,000 $383,000 $0 $230,300 $28,400 $201,900
11-04-2004 2412753 Price Increase $389,000 $38,300,000 $383,000 $0 $230,300 $28,400 $201,900
08-13-2004 2412753 New Listing $389,000 Active $383,000 $0 $230,300 $28,400 $201,900

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Tax Info including a Plat Map PDF and GIS Parcel Map

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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
$3,245$3,333$3,422$3,513$3,604$3,696$3,789$3,883$4,074
3.5% Down
$3,131$3,216$3,303$3,390$3,478$3,567$3,657$3,747$3,932
10% Down
$2,920$3,000$3,080$3,161$3,244$3,327$3,410$3,495$3,667
20% Down
$2,596$2,666$2,738$2,810$2,883$2,957$3,031$3,107$3,259
30% Down
$2,271$2,333$2,396$2,459$2,523$2,587$2,653$2,718$2,852
40% Down
$1,947$2,000$2,053$2,108$2,162$2,218$2,274$2,330$2,444
50% Down
$1,622$1,666$1,711$1,756$1,802$1,848$1,895$1,942$2,037

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Crime Mapping

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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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