Hawaii Living

Hilo Terrace #228 (Hilo)

485 Waianuenue Ave #228, Hilo

Description
This is a leasehold property. Great location close to schools and shopping. Fee purchase is available. Excellent investment opportunity.
Monthly Maintenance Fee: $450.00
Monthly Lease Rent $ 93.75
Monthly Utility Assessment - $ 6.50
Monthly Trash Fee $23.11

Unit is to be sold “AS IS”
Unit is sub-metered for electricity which is s separate cost paid monthly and billed to each owner monthly. Utilities included in maintenance fees include water, hot water, sewer and gas.

UNIT IS PRESENTLY RENTED - MINIMUM OF 2 Days notice for showings. Tenant is on month to month tenancy.
Past Activity
More Details
  • HOA Fees / ft²: $0.65
  • Price / ft²: $69
  • Zoning: CG-20
  • Amenities: Range, Refrigerator
  • TMK: 3230160660048
  • Tax Assessed Value: $46,200
  • Courtesy: Jan Mahuna Inc
  • MLS: 659154
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 21, 2025.
Other Hilo Terrace Listings
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$200,000
Hilo Terrace #224
2 Bds | 1 Ba
695 ft²
Other Hawaii Condos
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  • Sold 5/6/22 at $48,001
    (List Price: $43,500)
Description
This is a leasehold property. Great location close to schools and shopping. Fee purchase is available. Excellent investment opportunity.
Monthly Maintenance Fee: $450.00
Monthly Lease Rent $ 93.75
Monthly Utility Assessment - $ 6.50
Monthly Trash Fee $23.11

Unit is to be sold “AS IS”
Unit is sub-metered for electricity which is s separate cost paid monthly and billed to each owner monthly. Utilities included in maintenance fees include water, hot water, sewer and gas.

UNIT IS PRESENTLY RENTED - MINIMUM OF 2 Days notice for showings. Tenant is on month to month tenancy.
    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 21, 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.

    Other Hilo Terrace Listings
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    $200,000
    Hilo Terrace #224
    2 Bds | 1 Ba
    695 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.
    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.