Hawaii Living

Hilo Terrace #128 (Hilo)

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485 Waianuenue Ave #128, Hilo

Description
Great Rental Income! Move in ready! Freshly painted interior and brand new bathtub installed.

Fee simple 2-bedroom, 1 bath ground floor corner unit conveniently located within minutes to nearby schools, shopping, dining, public library and downtown Hilo.

Property features an in-ground pool, coin laundry facility, on-site mailboxes, assigned parking stall and an on-site resident manager.

Monthly maintenance fee of $450. covers gas, water, sewer, association insurance, pool / grounds maintenance and electricity of common areas
Electricity & trash are billed separately to the owner. Cable, internet & phone are owners/tenants option and responsibility.
Past Activity
  • Jul 19, 2024 Off Market
  • May 20, 2022 Sold for $130,000
  • Apr 10, 2022 Under Contract
  • Apr 01, 2022 Listed at $125,000
  • Dec 14, 2015 Sold for $40,000
More Details
  • HOA Fees / ft²: $0.63
  • Price / ft²: $187
  • Zoning: CG-20
  • Security Features: Security System
  • Amenities: Disposal, Dryer, Range, Refrigerator, Washer
  • TMK: 3230160660042
  • Tax Assessed Value: $49,700
  • Courtesy: Iokua Real Estate, Inc. - Hilo
  • MLS: 656671
About Hilo Terrace
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa  ..... Read more.

MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 30, 2025.
Description
Great Rental Income! Move in ready! Freshly painted interior and brand new bathtub installed.

Fee simple 2-bedroom, 1 bath ground floor corner unit conveniently located within minutes to nearby schools, shopping, dining, public library and downtown Hilo.

Property features an in-ground pool, coin laundry facility, on-site mailboxes, assigned parking stall and an on-site resident manager.

Monthly maintenance fee of $450. covers gas, water, sewer, association insurance, pool / grounds maintenance and electricity of common areas
Electricity & trash are billed separately to the owner. Cable, internet & phone are owners/tenants option and responsibility.
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2025 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on March 30, 2025.
  • Address: 485 Waianuenue Ave, Hilo, HI 96720.
     
  • Built: 1963, 100 Units, 2 Bedrooms, 10 2-Story Buildings, 3.5 Acre.
     
  • Amenities: Pool.
     
  • Short-term Vacation Renting: Not Allowed.

Hilo Terrace is a charming condominium complex with a prime location in Hilo. It’s located just moments away from the downtown shopping area, farmer’s market, schools and Hilo Bayfront Beach Park.

Originally a leasehold property, the majority of units have converted to fee simple ownership in early 2025. For added comfort, a resident manager is availa  ..... Read more.

 
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. The sale may be 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.