1139 Papaku Place
Honolulu, HI 96814
- – beds
- – baths
- 680 sqft
- 6,750 sqft lot
- $2,202 per sqft
- 1954 build
- – on site
PRICE IMPROVEMENT - 200K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.SELLERS HAVE A SET OF PLANS AVAILABLE FOR REVIEW. PLANS WERE FOR AN AFFORDABLE HOUSING PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS, BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND CONSULT PROFESSIONALS PRIOR TO CLOSE . TO BE CONVEYED AS/IS.
Listing courtesy of HI_CENTRAL_MLS / RE/MAX Honolulu
Last checked:
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Last updated Sep 14, 2024
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MLS# 202416131 —
This property is listed in more than one place. See it here, and here.
The Building
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Year Built:1954
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Construction Materials:Above Ground, Single Wall, Wood Frame
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Building Type:Other
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Stories:One
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Roof:Asphalt Shingle
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SqFt Total:680 Sqft
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SqFt Building:680
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# of Units Total:1
Interior
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Furnished:None
Financial & Terms
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Financing:1031 Exchange, Cash, Conventional
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Land Tenure:FS - Fee Simple
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Possession:At Closing
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Foreclosure:No
Location
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Location:Dead End, Inside, Other
The Property
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Parcel Number:1-2-4-012-022-0000
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Property Type:Multi-Family
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Property Subtype:Multi-Family
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Property Condition:Above Average, Average
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Lot Size Area:6,750 Sqft
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Lot Features:Clear
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View:None
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Topography:Level
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Zoning:12 - A-2 Medium Density Apartme
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Flood Zone:Zone X
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Set Backs:C&C, Of Record
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Easements:Other
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Secondary Dwelling:None
Listing Agent
- Contact info:
- Office phone:
- (808) 687-8900
Taxes
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Tax Year:2023
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Tax Amount:$502
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Tax Assessed Value:$1,722,900
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Tax Assessed Value Land:$1,672,800
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Tax Assessed Value Improvements:$50,100
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Tax Annual Amount:6024.00
The Listing
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Land Recorded:Regular System
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Disclosures:Property Disclosure Stmt, See Remarks
Utilities
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Utilities:Cable, Internet, Overhead Electricity, Public Water
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Utilities Meters:Electric, Water
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Sewer:Connected
Appliances
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Laundry Facilities:None
The Community
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Amenities:None
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Recreation Facilities:None
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Neighbourhood:MAKIKI AREA
Parking
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Parking Total:5
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Parking Features:Open
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Other Parking Features:<10 Spaces
Extra Units
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# of Three Bed Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/4/24
Aug 4, 2024
|
Listed / Active | HI_CENTRAL_MLS | $1,498,000 | |
1/13/24
Jan 13, 2024
|
Price Changed | HI_CENTRAL_MLS | ||
11/4/23
Nov 4, 2023
|
Listed / Active | HI_CENTRAL_MLS |