Hawaii Living

Hilo Terrace #G137 (Hilo)

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485 Waianuenue Ave #G137, Hilo

Description
This is a leasehold property. This is a leasehold property that will be converted to Fee Simple upon recordation of deed.

A 2 bedroom, 1 bath condo very convenient to down town Hilo. Ideal location close to the Public Library, schools (elementary, middle & high), Boys & Girls Club, parks, post office, restaurants, Bayfront and more. Condo was in the process of being remodeled and needs your finishing touches.

Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Complex was fumigated.

Monthly maintenance fee covers common area electricity, gas, water, sewer, association insurance and maintenance of the common areas. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility.
Past Activity
  • Feb 12, 2025 Sold for $125,000
  • Jan 20, 2025 Off Market
  • Jan 01, 2025 Under Contract
  • Nov 08, 2024 Listed at $150,000
More Details
  • HOA Fees / ft²: $0.78
  • Price / ft²: $180
  • Zoning: CG-20
  • Amenities: Dryer, Washer
  • TMK: 3230160660063
  • Tax Assessed Value: $115,200
  • Courtesy: Hokulani Realty LLC
  • MLS: 715647
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 16, 2025.
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  • Sold 2/12/25 at $125,000
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Description
This is a leasehold property. This is a leasehold property that will be converted to Fee Simple upon recordation of deed.

A 2 bedroom, 1 bath condo very convenient to down town Hilo. Ideal location close to the Public Library, schools (elementary, middle & high), Boys & Girls Club, parks, post office, restaurants, Bayfront and more. Condo was in the process of being remodeled and needs your finishing touches.

Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Complex was fumigated.

Monthly maintenance fee covers common area electricity, gas, water, sewer, association insurance and maintenance of the common areas. Electricity and trash are billed separately. Cable, internet and phone are owner/tenant's responsibility.
    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 16, 2025.
    • Feb 12, 2025 Sold for $125,000
    • Jan 20, 2025 Off Market
    • Jan 01, 2025 Under Contract
    • Nov 08, 2024 Listed at $150,000
    • 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
     
    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.
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    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
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