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1139 Papaku Pl (Makiki)

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1139 Papaku Pl, Honolulu
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Description
PRICE IMPROVEMENT - 200K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT AFFORDABLE HOUSING PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND CONSULT PROFESSIONALS. CONVEYED AS IS.
Recent Activity
  • Aug 03, 2024 Price $1,498,000
  • Jul 14, 2024 Listed at $1,499,000
  • May 14, 2024 Off Market
  • Jan 13, 2024 Price $1,598,000
  • Oct 28, 2023 Listed at $1,599,000
Past Sales
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $2,203
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Furnished: None
  • Property Condition: Above Average,Average
  • Amenities: Wall/Fence
  • TMK: 1-2-4-12-22-0
  • Tax Assessed Land: $1,672,800
  • Tax Assessed Improvements: $50,100
  • Tax Assessed Total: $1,722,900
  • Courtesy: RE/MAX Honolulu / (808) 687-8900
  • MLS: 202415697
Ask Tanner a Question
Good to Know
See our video of Makiki Heights homes.

Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.

Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the   .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 07, 2024.Information is deemed reliable but not guaranteed.
Other Makiki Homes
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1522 Enos Lane
8 Bds | 4 Ba
2,810 ft²
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2023 Round Top Dr
6 Bds | 4 Ba
2,323 ft²
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2015-C Round Top Dr
3 Bds | 3 Ba
1,310 ft²
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1555 Piikoi St
3 Bds | 2.5 Ba
1,430 ft²
Other Honolulu Homes
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1616 Makiki St
3 Bds | 2.5 Ba
2,122 ft²
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3360 E Manoa Rd
3 Bds | 2 Ba
1,208 ft²
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3093 Kahaloa Dr
3 Bds | 2.5 Ba
1,380 ft²
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52 Akamu Pl
3 Bds | 2 Ba
2,280 ft²
1919 Coyne St
3 Bds | 2 Ba
1,054 ft²
  • Asking Price: $1,498,000
Description
PRICE IMPROVEMENT - 200K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT AFFORDABLE HOUSING PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND CONSULT PROFESSIONALS. CONVEYED AS IS.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on September 07, 2024.Information is deemed reliable but not guaranteed.
    • Aug 03, 2024 Price $1,498,000
    • Jul 14, 2024 Listed at $1,499,000
    • May 14, 2024 Off Market
    • Jan 13, 2024 Price $1,598,000
    • Oct 28, 2023 Listed at $1,599,000
    See our video of Makiki Heights homes.

    Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.

    Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the   .....
    Read more.
    Other Makiki Homes
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    • Photo
    1522 Enos Lane
    8 Bds | 4 Ba
    2,810 ft²
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    2023 Round Top Dr
    6 Bds | 4 Ba
    2,323 ft²
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    2015-C Round Top Dr
    3 Bds | 3 Ba
    1,310 ft²
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    1555 Piikoi St
    3 Bds | 2.5 Ba
    1,430 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.