Hawaii Living

Waikiki Sunset #705 (Waikiki)

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  • Sold 10/17/22 at $150,000
    (List Price: $180,000)
  • Beds: 1
  • Baths: 1
  • Living: 546 ft²
  • Tenure:Leasehold ?
  • Leasehold Expiry: 04/01/36
  • Lease Rent: $ 165 / month
  • Fee Purchase: Not available
  • Built: 1979
  • Parking: 1
  • Maint. (HOA) Fees: $760 / month
  • Property Taxes: $149 / month ?
  • Est. Mortgage: $910 / mo - adjust loan
  • Time Listed for Sale: 75 days
  • Status: Sold
  • Buy without visiting ?
  • All Waikiki Sunset condos for sale »
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229 PAOAKALANI Ave #705, Honolulu

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Description
This is LEGAL VACATION RENTAL with a Non-Conforming Use Certificate (NUC). Aqua Aston is managing as a hotel unit. Monthly approximate rental income in past 3 months in 2022 is $2,227. Leasehold expires in April of 2036 and monthly maintenance fees include Cable TV, Central Air, Electricity, Internet, Hot/cold water, Sewer, and common area expenses. The Fee is not available. Asking price dropped by $40,000!
Past Activity
  • Oct 17, 2022 Sold for $150,000
  • Sep 09, 2022 Under Contract
  • Aug 29, 2022 Price $180,000
  • Jul 06, 2022 Back to Active
  • Jun 10, 2022 Under Contract
  • May 31, 2022 Listed at $220,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.39
  • Price / ft²: $275
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City
  • Furnished: Full
  • Property Condition: Average
  • Owner Occupancy: 5%
  • Management Company: Hawaiiana
  • Security Features: Key, Keyed Elevator, Security Patrol
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-2-6-28-11-13
  • Tax Assessed Land: $79,100
  • Tax Assessed Improvements: $424,500
  • Tax Assessed Total: $503,600
  • Courtesy: Fogarty Realty, Inc. / (808) 227-5165
  • MLS: 202206863
Good to Know
  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
     
  • Built: 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
     
  • Amenities: Heated Pool, Sauna, BBQ Area, Convenience Store.
     
  • Fun Fact: All units conveyed with 1 unassigned parking stall (rare for Waikiki condo hotels).

Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).

Most units are 1 bedroom with the bedroom having a door and wall  .....
Read more.


The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
Description
This is LEGAL VACATION RENTAL with a Non-Conforming Use Certificate (NUC). Aqua Aston is managing as a hotel unit. Monthly approximate rental income in past 3 months in 2022 is $2,227. Leasehold expires in April of 2036 and monthly maintenance fees include Cable TV, Central Air, Electricity, Internet, Hot/cold water, Sewer, and common area expenses. The Fee is not available. Asking price dropped by $40,000!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on November 21, 2024.Information is deemed reliable but not guaranteed.
  • Address: 229 Paoakalani Ave, Honolulu, HI 96815.
     
  • Built: 1979, 38 Floors with 435 Units, 1 & 2BR Floor plans, Pets: OK (verify).
     
  • Amenities: Heated Pool, Sauna, BBQ Area, Convenience Store.
     
  • Fun Fact: All units conveyed with 1 unassigned parking stall (rare for Waikiki condo hotels).

Per Bill 41 (CO 22-07), all Waikiki Sunset units are allowed to do short-term renting, including units without a NUC (owners must register their unit for short-term renting - see here).

Most units are 1 bedroom with the bedroom having a door and wall  .....
Read more.


 
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.
Leasehold Expiry: 04/01/36
Buyer and Seller have reached an agreement and are under contract. However, the sale is still 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.