Hilo Terrace #224 | 485 Waianuenue Ave #224

Asking Price: $200,000
Beds: 2
Baths: 1
Living: 695 ft²
Built: 1963
Maint. (HOA) Fees: $545 / month
Property Taxes: $25 / month
Est. Mortgage: 0 $959 / mo - adjust loan
Time Listed for Sale: 8 days
Status Under Contract ?
(since Apr 22, 2025)
Tenure: Fee Simple
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485 Waianuenue Ave #224, Hilo

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly: - Coldwell Banker Island Properties - Hilo

Description

This newly renovated space at Hilo Terrace is awaiting its new owners to make it their own. Featuring 2-bedrooms, 1-bathroom, multiple closet spaces, full kitchen, and living room setup. Totaling a square footage of 695 sqft. This unit is located upstairs for maximized privacy and owner enjoyment.

Amenities Include:
-Onsite Mail service
-Pool access & lounging patio
-Designated parking spaces
-Newly Upgraded laundry facility on site
-Zoned General Commercial (CG-20), which may be conforming for a potential STVR License. Perfect for investment short term or long-term rentals. Buyer to do buyers own due diligence!

Just minutes away from all the fun! Located up the road from - Hilo's Friday Night Market, downtown farmers market, an array of local restaurants & eateries, and grocery's such as KTA and Sack N Save. Also, importantly, located just down the road from Hilo Hospitals and School.

Recent improvements to the Hilo Terrace complex in recent years include the refinishing of the in-ground pool and laundry facilities in 2019, asphalted parking lot in 2024, and new roofs on all buildings in 2023. The last reported monthly maintenance fee of $545 covers water, sewer, gas, condo insurance and common area maintenance. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility

Recent Activity

Apr 22, 2025 Under Contract
Apr 14, 2025 Listed at $200,000
Feb 11, 2025 Sold for $77,000
Jan 20, 2025 Off Market

Past Sales
(Hilo Terrace)

#149: 2 Bds | 1 Ba @ $225K (4/7/25)
#235: 2 Bds | 1 Ba @ $170K (3/28/25)
#218: 2 Bds | 1 Ba @ $170K (2/28/25)
#E124: 2 Bds | 1 Ba @ $204K (2/27/25)
#G137: 2 Bds | 1 Ba @ $125K (2/12/25)
#224: 2 Bds | 1 Ba @ $77K (2/11/25)
#A207: 2 Bds | 1 Ba @ $198K (2/5/25)
#E227: 2 Bds | 1 Ba @ $178K (12/30/24)
#133: 2 Bds | 1 Ba @ $190K (12/26/24)
#123: 2 Bds | 1 Ba @ $215K (12/4/24)

+Show more recently sold

#F144: 2 Bds | 1 Ba @ $175K (11/7/24)
#D119: 2 Bds | 1 Ba @ $125K (10/15/24)
#F246: 2 Bds | 1 Ba @ $153K (8/2/24)
#K249: 2 Bds | 1 Ba @ $235K (5/15/24)
#208A: 2 Bds | 1 Ba @ $175K (4/19/24)
#233: 2 Bds | 1 Ba @ $89K (3/25/24)
#248: 2 Bds | 1 Ba @ $190K (2/2/24)
#211: 2 Bds | 1 Ba @ $200K (1/23/24)
#228: 2 Bds | 1 Ba @ $204K (11/21/23)
#109: 2 Bds | 1 Ba @ $185K (9/20/23)
#245: 2 Bds | 1 Ba @ $160K (7/31/23)
#110A: 2 Bds | 1 Ba @ $185K (6/27/23)
#210A: 2 Bds | 1 Ba @ $180K (6/20/23)
#209A: 2 Bds | 1 Ba @ $184K (6/16/23)
#H232: 2 Bds | 1 Ba @ $160K (5/24/23)
#105A: 2 Bds | 1 Ba @ $180K (2/28/23)
#140: 2 Bds | 1 Ba @ $125K (1/11/23)
#229 (H): 2 Bds | 1 Ba @ $67K (11/30/22)
#202: 2 Bds | 1 Ba @ $185K (10/31/22)
#117: 2 Bds | 1 Ba @ $165K (10/3/22)
#G239: 2 Bds | 1 Ba @ $154K (9/8/22)
#203: 2 Bds | 1 Ba @ $45K (8/9/22)
#206: 2 Bds | 1 Ba @ $140K (7/14/22)
#F145: 2 Bds | 1 Ba @ $98K (7/14/22)
#G138: 2 Bds | 1 Ba @ $145K (6/24/22)
#204: 2 Bds | 1 Ba @ $145K (6/17/22)
#128: 2 Bds | 1 Ba @ $130K (5/20/22)
#241: 2 Bds | 1 Ba @ $118K (2/28/22)
#111: 2 Bds | 1 Ba @ $51K (2/7/22)
#238: 2 Bds | 1 Ba @ $40K (1/27/22)
#B112: 2 Bds | 1 Ba @ $89K (1/26/22)
#237: 2 Bds | 1 Ba @ $40K (1/24/22)
#141: 2 Bds | 1 Ba @ $40K (1/24/22)
#A106: 2 Bds | 1 Ba @ $120K (1/21/22)
#142: 2 Bds | 1 Ba @ $131K (1/7/22)
#243: 2 Bds | 1 Ba @ $85K (12/13/21)
#K248: 2 Bds | 1 Ba @ $106K (9/24/21)
#147: 2 Bds | 1 Ba @ $96K (7/29/21)
#B214: 2 Bds | 1 Ba @ $37K (7/26/21)
#C116: 2 Bds | 1 Ba @ $37K (7/26/21)

More Details

HOA Fees / ft²: $0.78
Price / ft²: $288
Zoning: CG-20
Amenities: Range, Refrigerator
TMK: 3230160660044
Tax Assessed Value: $50,500
Courtesy: Coldwell Banker Island Properties - Hilo
MLS: 720278

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 27, 2025.

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