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Ala Wai Plaza 500 University Avenue Unit 520 Honolulu HI 96826

$639,999 | OahuRE Rebate $3,200 | Active

Listed on 04-01-2024

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

1,225 Square Feet Living * 6,941,983 Square Feet Land * $940 Total Association Fees

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Property Last Viewed: 05/01/2024 10:10 PM, Total Views Today: 0, Total Views: 125, Viewed History

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OahuRE.com Notes About This Property

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

The last sale on February 24, 2022, used a VA loan, so it should be assumable at a lower interest rate.

Listed previously on January 23, 2022 for $595,000. View Details

Listed previously on August 8, 2015 for $559,000. View Details

Listed previously on June 23, 2014 for $540,000. View Details

Fell out of escrow or Temporarily Withdrawn 2 times. View Details

Price Decreased 1 time. View Details

Price trends for Kapiolani.

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


Ala Wai Plaza 500 University Avenue  Unit 520

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Ala Wai Plaza 500 University Avenue  Unit 520

Ala Wai Plaza 500 University Avenue  Unit 520

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Property Details

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MLS#: 202407037 * Questions?
Status: Active since 04-01-2024 See History
Price: $639,999
Rebate: $ 3,200 from OahuRE.com.
Monthly: $ 4,796.66 Update the default down payment and interest rate
  Monthly payment estimate for $ 639,999 price, 10% down, 6.60% interest rate, 30 year loan, $ 178 taxes, and $ 940 fees. Insurance not included.
Beds: 2   Baths: 2   Half: 1  Parking Spaces: 1
Living Sq Ft: 1,225
Land Sq Ft: 6,941,983
Land Tenure: FS - Fee Simple
Address: 500 University Avenue 520 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity * Kapiolani Stats
Street: University - Activity * University Avenue Stats
Showing: Showing Request

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Original: $639,999
Change: $0    0.00%
Parcel#: 1-2-7-013-002-0076
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 31 days in Active or In Escrow Showing
Date: Listed: 04-01-2024
Date: Status Change: 04-01-2024
Recent History: Last Sold on 02-24-2022 for $600,000 - MLS# 202201400 - Seller's Agent: Clifford Lay, Buyer's Agent: Charlene Tongg
Year Built: 1970 Remodeled: 2014
View: City, Diamond Head, Garden
Frontage:
Monthly Tax: $178 Year: 2023
Land: FS - Fee Simple
Condition: Excellent, Above Average

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Description:

Discover the convenience of city life living in this stunning and spacious 2-bedroom, 2.5-bathroom split unit condo in the heart of bustling Honolulu. With upgraded fixtures and breathtaking scenic views, this home offers a lifestyle of unparalleled comfort. Enjoy access to fantastic amenities including a pool, gym, and recreation room, all within a secure, around-the-clock security setting. Conveniently located near a park and offering one parking stall, this condo is perfect for those seeking the ultimate Waikiki lifestyle.

Maintenance fees cover all utilities, including cable and internet (excluding electric), making this home not only luxurious but also practical. Plus, it's pet friendly, ensuring that your furry friends can enjoy paradise with you. Seller is offering an amazing assumable VA Loan option at 3.5%, subject to the seller’s VA eligibility being released.

 
 
Inclusions: AC Split, AC Window Unit, Cable TV, Disposal, Dryer, Refrigerator, Washer

Amenities: BBQ, Car Wash, Condo Association Pool, Exercise Room, Meeting Room, Recreation Area, Recreation Room, Resident Manager, Security Guard, Trash Chute

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

Possession: At Closing Terms: 1031 Exchange, Assumable Loan, Cash, Conventional, VA Sale Conditions: None

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $91,300
Building: $518,700  
Assessed Total: $610,000  
Assessed Ratio: 104.92%
Pool:
Location:
Parking: Guest, Open - 1

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District Locator: DOE Locator to Confirm District
Area Total: 6,941,983
Acres: 159.3660
Topography:
Building Style: High-Rise 7+ Stories
Building: Ala Wai Plaza
New Const: No

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Maint. Fee: $723
Assoc. Fee: $0
Other Fee: $217
Includes: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Total Fees: $940
Exemption: 0
Other: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $522.45
Avg Sq Ft Land: $0.09
Security: Key, Keyed Elevator, Security Patrol
Rental Income: $0
Stories: 4-7 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
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 (808) 429-0043

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
04-01-2024 202407037 New Listing Active $639,999 $0 $610,000 $91,300 $518,700
02-24-2022 202201400 Sold Sold $595,000 $600,000 $491,500 $84,600 $406,900
02-22-2022 202201400 In Escrow Not Showing In Escrow Showing In Escrow Not Showing $595,000 $600,000 $491,500 $84,600 $406,900
01-28-2022 202201400 In Escrow Showing Active In Escrow Showing $595,000 $600,000 $491,500 $84,600 $406,900
01-23-2022 202201400 New Listing Active Active $595,000 $600,000 $491,500 $84,600 $406,900
01-22-2022 202201400 Coming Soon Active Active $595,000 $600,000 $491,500 $84,600 $406,900
09-21-2015 201513093 Sold Active Sold $559,000 $555,000 $485,700 $59,200 $426,500
09-15-2015 201513093 Pending In Escrow Showing In Escrow Not Showing $559,000 $555,000 $485,700 $59,200 $426,500
08-20-2015 201513093 Active Continue to Show Active In Escrow Showing $559,000 $555,000 $485,700 $59,200 $426,500
08-08-2015 201513093 New Listing Active Active $559,000 $555,000 $485,700 $59,200 $426,500
11-18-2014 201412595 Sold In Escrow Showing Sold $528,000 $520,000 $458,300 $67,000 $391,300
11-07-2014 201412595 Active Continue to Show Active In Escrow Showing $528,000 $520,000 $458,300 $67,000 $391,300
10-27-2014 201412595 Back On Market In Escrow Showing Active $528,000 $520,000 $458,300 $67,000 $391,300
10-24-2014 201412595 Active Continue to Show Active In Escrow Showing $528,000 $520,000 $458,300 $67,000 $391,300
10-20-2014 201412595 Back On Market In Escrow Showing Active $528,000 $520,000 $458,300 $67,000 $391,300
07-29-2014 201412595 Active Continue to Show Active In Escrow Showing $528,000 $520,000 $458,300 $67,000 $391,300
07-16-2014 201412595 Price Decrease $540,000 $528,000 $528,000 $520,000 $458,300 $67,000 $391,300
06-23-2014 201412595 New Listing $540,000 Active $528,000 $520,000 $458,300 $67,000 $391,300

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Pet Friendly Building - Always confirm with Agent.

Pet Policy: 2 Pets - under 20 lbs. Cats, birds, fish, dogs are allowed.

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Tax Info including a Plat Map PDF and GIS Parcel Map

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Estimated Monthly Mortgage Payment

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Save $67,813.90 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
$3,776$3,878$3,982$4,087$4,194$4,301$4,409$4,519$4,741
3.5% Down
$3,643$3,743$3,843$3,944$4,047$4,150$4,255$4,361$4,575
10% Down
$3,398$3,491$3,584$3,679$3,774$3,871$3,968$4,067$4,267
20% Down
$3,020$3,103$3,186$3,270$3,355$3,441$3,528$3,615$3,793
30% Down
$2,643$2,715$2,788$2,861$2,936$3,011$3,087$3,163$3,319
40% Down
$2,265$2,327$2,389$2,452$2,516$2,581$2,646$2,711$2,844
50% Down
$1,888$1,939$1,991$2,044$2,097$2,150$2,205$2,259$2,370

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Crime Mapping

Last 7 days of crime (you can then change it to go back further)

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Yelp

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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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