Hawaii Living

Hilo Terrace #218 (Hilo)

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485 Waianuenue Ave #218, Hilo

Description
Your opportunity to own an end unit at Hilo Terrace Condominium. This 2 bedroom, 1 bathroom unit is fee simple, located on the second floor, and even has ocean views. The property is in need of some updating, but is in good condition as it was previously rented out by the same tenant for nearly 20 years.

Each unit comes with its own assigned parking space on the recently refinished asphalted parking lot and is located near Building C. The complex also has shared laundry facilities, vending machines, an updated pool (2019), mailboxes and an on-site manager.

The monthly maintenance fees include gas, water, sewer, common area maintenance, common area electricity, and association insurance.

Hilo Terrace is located blocks from downtown Hilo and is right next door to Hilo Intermediate and High Schools. It is also close to shopping, beaches, doctors, the hospital and airport.
Past Activity
  • Feb 28, 2025 Sold for $170,000
  • Feb 18, 2025 Back to Active
  • Jan 31, 2025 Under Contract
  • Jan 08, 2025 Listed at $180,000
More Details
  • HOA Fees / ft²: $0.78
  • Price / ft²: $245
  • Zoning: CG-20
  • Amenities: Dryer, Range, Refrigerator, Washer
  • TMK: 3230160660028
  • Tax Assessed Value: $134,000
  • Courtesy: Century 21 Homefinders of Hawaii
  • MLS: 717736
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 April 26, 2025.
Description
Your opportunity to own an end unit at Hilo Terrace Condominium. This 2 bedroom, 1 bathroom unit is fee simple, located on the second floor, and even has ocean views. The property is in need of some updating, but is in good condition as it was previously rented out by the same tenant for nearly 20 years.

Each unit comes with its own assigned parking space on the recently refinished asphalted parking lot and is located near Building C. The complex also has shared laundry facilities, vending machines, an updated pool (2019), mailboxes and an on-site manager.

The monthly maintenance fees include gas, water, sewer, common area maintenance, common area electricity, and association insurance.

Hilo Terrace is located blocks from downtown Hilo and is right next door to Hilo Intermediate and High Schools. It is also close to shopping, beaches, doctors, the hospital and airport.
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 April 26, 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.
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