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Ala Wai Plaza 500 University Avenue Unit 309 Honolulu HI 96826

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

Price dropped on 04-24-2024. Original price was $598,000

Listed on 04-01-2024

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

1,120 Square Feet Living * $897 Total Association Fees

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Property Last Viewed: 04/30/2024 03:15 PM, Total Views Today: 2, Total Views: 132, Viewed History

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Short Cuts

Update the default down payment and interest rate.

Open House on Wednesday 05-01-2024 from 10:00 am to 12:00 pm

JUST REDUCED $48,000!!! Best sweat equity value 2 bed/2.5 bath, two story unit facing Waikiki, 1 Assigned parking located close to security gate! Great 24 hour Security! Grand view, overlooking Ala Wai Neighborhood Park! $550,000 Fee Simple, MOTIVATED SELLER! Low maintenance fees with great amenities, salt water swimming pool, fitness room, onsite Resident Manager, Great location, Pet friendly, awesome cross breeze, space and price!!! Ala Wai Plaza 309 checks all the boxes!

Open House on Sunday 05-05-2024 from 2:00 pm to 5:00 pm

UST REDUCED $48,000!!! Best sweat equity value 2 bed/2.5 bath, two story unit facing Waikiki, 1 Assigned parking located close to security gate! Great 24 hour Security! Grand view, overlooking Ala Wai Neighborhood Park! $550,000 Fee Simple, MOTIVATED SELLER! Low maintenance fees with great amenities, salt water swimming pool, fitness room, onsite Resident Manager, Great location, Pet friendly, awesome cross breeze, space and price!!! Ala Wai Plaza 309 checks all the boxes!



OahuRE.com Notes About This Property

View all new listings in the Ala Wai Plaza since this property was listed.

Price Decreased 1 time. View Details

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

There are 54 buildings in the same region with similar units for sale.

Price trends for Ala Wai Plaza.

There were 25 units sold in the last 2 years in the Ala Wai Plaza building.


Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Ala Wai Plaza 500 University Avenue  Unit 309

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Property Details

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MLS#: 202407429 * Questions?
Status: Active since 04-01-2024 See History
Price: $550,000
Rebate: $ 2,750 from OahuRE.com.
Monthly: $ 4,166.36 Update the default down payment and interest rate
  Monthly payment estimate for $ 550,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 108 taxes, and $ 897 fees. Insurance not included.
Beds: 2   Baths: 2   Half: 1  Parking Spaces: 1
Living Sq Ft: 1,120
Land Tenure: FS - Fee Simple
Total Fees: $897
Lanai Sq Ft: 105
Address: 500 University Avenue 309 Honolulu HI 96826
Region: Metro - Activity
Neighborhood: Kapiolani - Activity
Street: University - Activity * University Avenue Stats
Building Name: Activity in Ala Wai Plaza * Ala Wai Plaza Stats
Charts: Charts for this Building
Statistics: Live Building Stats
Showing: Showing Request

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Original: $598,000
Change: $-48,000    -8.03%
Parcel#: 1-2-7-013-002-0029
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 29 days in Active or In Escrow Showing
Date: Listed: 04-01-2024
Date: Status Change: 04-01-2024
Recent History: Not on the MLS in the last 10 years
Year Built: 1970 Remodeled: 2016
View: City, Garden, Marina/Canal, Mountain, Sunset
Frontage: Other
Monthly Tax: $108 Year: 2023
Land: FS - Fee Simple
Condition: Above Average, Average

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Description:

HUGE PRICE REDUCTION!!! Beautiful, spacious, and breezy 2-story, 2-bedroom, 2.5-bathroom unit at Ala Wai Plaza! It is a coveted building, 24 hour Security Guards, onsite Resident Manager/with office, very well kept! Unit has great floor plans. Large kitchen and living room area with 1/2 bath on the first floor, then two bedrooms with two full baths upstairs, excellent cross breeze, and preferred view overlooking the park and Ala Wai Canal! Some remodeling was done with lovely marble floors, a newly painted interior, and resurfaced cabinets. Clean working appliances and a large lanai overlook the pool area and park. Perfect for relaxing sunsets. One open, assigned parking stall, that is super close to the security entrance! It is a remarkably well maintained building with a saltwater swimming pool, fitness room, upgraded elevators, and friendly and well-kept common areas. Bike and surfboard storage, too! Fantastic Location. The seller is giving the carpet credit; the price reflects the condition.

 
 
Inclusions: Ceiling Fan, Dishwasher, Disposal, Drapes, Dryer, Range/Oven, Refrigerator, Smoke Detector, Washer

Amenities: BBQ, Car Wash, Community Association Pool, Exercise Room, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Security Guard, Storage, Trash Chute

Utilities: Construction: Concrete Lot Features: Floor: Marble/Granite, W/W Carpet Disclosures: Pets Allowed (Verify), Property Disclosure Stmt Land Recorded: Regular System Furnished: Partial

Possession: At Closing Terms: Cash, Conventional, FHA, VA Sale Conditions: None Pet Friendly: Yes Occupancy: 60% Number of Parking Spaces: 1 Parking Spaces Number: 32 Floor Number: 3 Elevators: 3 Management Company Name & Phone: Hawaiian Prop. 593-9777

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $91,300
Building: $490,000  
Assessed Total: $581,300  
Assessed Ratio: 94.62%
Pool:
Location:
Parking: Assigned, Open - 1, Street

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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: $897
Assoc. Fee: $0
Other Fee: $0
Includes: Other Common Expenses, Sewer, Water
Total Fees: $897
Exemption: 0
Other: 0
Lanai Sq Ft: 105
Garage Sq Ft: 0
Avg Sq Ft Living: $491.07
Security: Key, Keyed Elevator, Security Patrol, Video
Rental Income: $0
Zoning: 13 - A-3 High Density Apartment
Flood Zone: Zone A * 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 Harper Island Realty LLC (808) 397-9894

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
04-24-2024 202407429 Price Decrease $598,000 $550,000 $550,000 $0 $581,300 $91,300 $490,000
04-01-2024 202407429 New Listing $598,000 Active $550,000 $0 $581,300 $91,300 $490,000

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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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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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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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