Hawaii Living

Five Regents #1506 (Salt Lake Honolulu & Moanalua)

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2888 Ala Ilima St #1506, Honolulu

Description
Studio at Five Regents offers a great opportunity! Fixed monthly lease rent at only $47 expires in 2078! All lease rents in Hawaii increase periodically and this is the only leasehold property that is fixed for the entire lease term. Amenities include Huge, spacious lobby, rec room, pool, sauna, tennis courts, on-site resident manager and security. Conveniently located near shopping center, restaurants, airport, Hickam, Pearl Harbor, Tripler and Downtown. Full renovation costs for a studio would be $10K-$15K which would still be a better deal than what is on the market and you can decorate to your own taste.
Past Activity
  • Mar 17, 2021 Sold for $140,000
  • Dec 23, 2020 Under Contract
  • Aug 11, 2020 Price $150,000
  • Aug 03, 2020 Price $155,000
  • Jun 30, 2020 Listed at $160,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.21
  • Price / ft²: $467
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Other Common Expenses, Sewer, Water
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Elementary School: Salt Lake
  • Middle School: Moanalua
  • High School: Moanalua
  • View: City, Golf Course, Mountain, Sunrise
  • Furnished: Partial
  • Property Condition: Above Average
  • Owner Occupancy: 47%
  • Management Company: Touchstone Properties
  • Security Features: Key, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-1-1-62-24-125
  • Tax Assessed Land: $18,100
  • Tax Assessed Improvements: $203,500
  • Tax Assessed Total: $221,600
  • Courtesy: Ivy K Realty, LLC
  • MLS: 202015193
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
Other Five Regents Listings
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Leasehold
$169,900
Five Regents #1410
Studio | 1 Ba
300 ft²
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Leasehold
$175,000
Five Regents #712
Studio | 1 Ba
300 ft²
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Leasehold
$178,000
Five Regents #901
Studio | 1 Ba
300 ft²
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Leasehold
$205,000
Five Regents #1408
1 Bd | 1 Ba
350 ft²
Other Honolulu Condos
  • Sold 3/17/21 at $140,000
    (List Price: $150,000)
Description
Studio at Five Regents offers a great opportunity! Fixed monthly lease rent at only $47 expires in 2078! All lease rents in Hawaii increase periodically and this is the only leasehold property that is fixed for the entire lease term. Amenities include Huge, spacious lobby, rec room, pool, sauna, tennis courts, on-site resident manager and security. Conveniently located near shopping center, restaurants, airport, Hickam, Pearl Harbor, Tripler and Downtown. Full renovation costs for a studio would be $10K-$15K which would still be a better deal than what is on the market and you can decorate to your own taste.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
    • Mar 17, 2021 Sold for $140,000
    • Dec 23, 2020 Under Contract
    • Aug 11, 2020 Price $150,000
    • Aug 03, 2020 Price $155,000
    • Jun 30, 2020 Listed at $160,000
    Other Five Regents Listings
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    Leasehold
    $169,900
    Five Regents #1410
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $175,000
    Five Regents #712
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $178,000
    Five Regents #901
    Studio | 1 Ba
    300 ft²
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    Leasehold
    $205,000
    Five Regents #1408
    1 Bd | 1 Ba
    350 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.
    Leasehold Expiry: 03/31/78
    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.