Hawaii Living

Hilo Terrace #G239 (Hilo)

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485 Waianuenue Ave #G239, Hilo

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

Second Floor unit 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. Recently remodeled with new vinyl flooring, fresh paint, new bath tub and sink.

Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Siding on the buildings are in the process of being redone.

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
  • Sep 08, 2022 Sold for $154,300
  • Aug 18, 2022 Under Contract
  • Aug 13, 2022 Listed at $155,000
More Details
  • HOA Fees / ft²: $0.65
  • Price / ft²: $222
  • Zoning: CG-20
  • Amenities: Dryer, Range, Refrigerator, Washer
  • TMK: 3230160660071
  • Tax Assessed Value: $103,000
  • Courtesy: Iokua Real Estate, Inc. - Hilo
  • MLS: 664567
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
Other Hawaii Condos
Hilo
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$158,800
Puueo Villa #2
2 Bds | 1 Ba
660 ft²
Hilo
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$189,000
33 Hualalai #203
1 Bd | 1 Ba
608 ft²
Hilo
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$179,000
Puueo Villa #4
2 Bds | 1 Ba
660 ft²
Hilo
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$209,000
Waiakea Villas #5342
Studio | 1 Ba
380 ft²
Waianae
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$149,000
Makaha Surfside #C337
Studio | 1 Ba
361 ft²
Waianae
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$168,000
Pokai Bay Beach Cabanas #214
Studio | 1 Ba
290 ft²
  • Sold 9/8/22 at $154,300
    (List Price: $155,000)
Description
This is a leasehold property that will be converted to Fee Simple upon recordation of deed.

Second Floor unit 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. Recently remodeled with new vinyl flooring, fresh paint, new bath tub and sink.

Onsite manager, mailboxes, refinished pool (2019) and laundry facilities. Assigned parking stall in the recently asphalted (2020) parking lot. Siding on the buildings are in the process of being redone.

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 22, 2025.
    • Sep 08, 2022 Sold for $154,300
    • Aug 18, 2022 Under Contract
    • Aug 13, 2022 Listed at $155,000
    • 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
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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.