This is a leasehold property. Fee interest is available for purchase through association. Location, location! Conveniently located in walking distance to Hilo town, Hilo Terrace offers comfortable 2 bedroom 1 bath units with added amenities such as on site laundry facilities, assigned parking, guest stalls and even a swimming pool. Although this is a leasehold property, the fee interest is available for purchase from the association. The unit does need some TLC but there have been a lot of improvements to the Hilo Terrace complex in recent years such as the refinishing of the pool and laundry facilities in 2019, asphalted parking lot in 2020, and new roofs on all buildings in 2023. The monthly maintenance fee of $460 covers water, sewer, gas, condo insurance and common area maintenance. Additional fees are lease rent of $93.75, trash fee of $23.11 and utility admin fee of $6.50. Owners are responsible for their own electricity, cable, internet and phone service
Past Activity
Feb 11, 2025 Sold for $77,000
Jan 20, 2025 Off Market
Dec 25, 2024 Under Contract
Jul 16, 2024 Listed at $119,000
More Details
HOA Fees / ft²: $0.70
Price / ft²: $111
Zoning: CG-20
TMK: 3230160660044
Tax Assessed Value: $49,000
Courtesy: Coldwell Banker Island Properties - Hilo
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.
This is a leasehold property. Fee interest is available for purchase through association. Location, location! Conveniently located in walking distance to Hilo town, Hilo Terrace offers comfortable 2 bedroom 1 bath units with added amenities such as on site laundry facilities, assigned parking, guest stalls and even a swimming pool. Although this is a leasehold property, the fee interest is available for purchase from the association. The unit does need some TLC but there have been a lot of improvements to the Hilo Terrace complex in recent years such as the refinishing of the pool and laundry facilities in 2019, asphalted parking lot in 2020, and new roofs on all buildings in 2023. The monthly maintenance fee of $460 covers water, sewer, gas, condo insurance and common area maintenance. Additional fees are lease rent of $93.75, trash fee of $23.11 and utility admin fee of $6.50. Owners are responsible for their own electricity, cable, internet and phone service
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.
