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Hilo Terrace #E227 (Hilo)

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485 Waianuenue Ave #E227, Hilo

Description
Cozy 2 bedroom / 1 bath condo in Hilo Terrace in Building E, located on the second floor. Laminate flooring and newer appliances, this unit is perfect for a family looking to own or as a rental investment. There's a pool and laundry facilities for this complex across the parking lot and an on-site resident manager. Unit will be converted to fee simple at closing. Currently, monthly maintenance is approximately $615/month (does not include phone/cable/internet). Updates to complex in the past included install of solar water heaters, resurfaced parking lot, roof replacement, etc.

Hilo Terrace is above the downtown Hilo area and close to shops, restaurants, schools, museums, grocery stores, offices, etc. Most of them are in walking distance but there is one deeded parking stall to the unit and street parking available in the surrounding area where you can conveniently park your vehicle.
Past Activity
More Details
  • HOA Fees / ft²: $0.88
  • Price / ft²: $256
  • Zoning: CG-20
  • Amenities: Other, Range, Range Hood, Refrigerator
  • TMK: 3230160660047
  • Tax Assessed Value: $134,000
  • Courtesy: Acasio Realty, Inc.
  • MLS: 714011
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 22, 2025.
Other Hilo Terrace Listings
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$200,000
Hilo Terrace #224
2 Bds | 1 Ba
695 ft²
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$189,000
33 Hualalai #203
1 Bd | 1 Ba
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$158,800
Puueo Villa #2
2 Bds | 1 Ba
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$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
Hilo
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$215,000
Orchid Manor Hilo #221
Studio | 1 Ba
496 ft²
Hilo
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$235,000
Waiakea Villas #8283
Studio | 1 Ba
380 ft²
Kaunakakai
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$175,000
Molokai Shores #A212
1 Bd | 1 Ba
562 ft²
  • Sold 12/30/24 at $178,000
    (List Price: $180,000)
Description
Cozy 2 bedroom / 1 bath condo in Hilo Terrace in Building E, located on the second floor. Laminate flooring and newer appliances, this unit is perfect for a family looking to own or as a rental investment. There's a pool and laundry facilities for this complex across the parking lot and an on-site resident manager. Unit will be converted to fee simple at closing. Currently, monthly maintenance is approximately $615/month (does not include phone/cable/internet). Updates to complex in the past included install of solar water heaters, resurfaced parking lot, roof replacement, etc.

Hilo Terrace is above the downtown Hilo area and close to shops, restaurants, schools, museums, grocery stores, offices, etc. Most of them are in walking distance but there is one deeded parking stall to the unit and street parking available in the surrounding area where you can conveniently park your vehicle.
    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 22, 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.