MLS Number 202321064 For Sale
Let our Oahu real estate inspire you...
Charming studio with a full kitchen and washer/dryer in the unit. Central air, covered parking. Great amenities: hot-tub, pool, BBQ, sauna, fitness rooms, etc. Great investment property or 2nd home. All the units on this floor have high ceiling. Convenient location, across the street from Waikiki Beach, one block from Ala Moana Shopping Center. Central air, covered parking. Convenient location, across the street from Beach. Large sun deck on the 11th floor includes sparkling pool, spacious heated whirlpool, BBQ, exercise rooms,, sauna etc. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $72,522. Easy to see. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website. Please verify. Current fee simple assessed value for the unit is $432,300. The list price is below market value by 50k or more.
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Condo/Townhouse |
| Building Name | Discovery Bay |
| Unit Number | 1015 |
| Bedrooms | studio |
| Full Bathrooms | 1 |
| Interior Living Area | 464 sq. ft.
43.11 sq. m. |
| Total Area |
464 sq. ft. 43.11 sq. m. |
| Year Built | 1977 |
| Year Remodeled | 2018 |
| Remodel Type | Full |
| Furnished | Yes |
| Parking Total | 1 |
| Parking Type |
|
| Property Condition | Excellent |
| Unit Features |
|
| Views |
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| Inclusions |
|
| Flooring |
|
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
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| Architectural Style |
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| Condo Parking Unit | 10-45 |
| Construction Materials |
|
| Elevators | 4 |
| Management Company | Hawaiiana (tel. 808-593-9100) |
| Owner Occupancy | 40% |
| Property Frontage |
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| Attribution Contact | Darlene Y S Chun: (808) 941-8436 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $275,000 LH - Leasehold |
| Price / Sq. Ft. | $592.67 / Sq. Ft. |
| Land Tenure | LH - Leasehold (Your rent the land underneath.) |
| Lease Expiration | 2039 (in 16 years) |
| Lease Renegotiation Date | 2023-08-14 |
| Lease Fee Purchase | $72,522 |
| Lease Fee Rent | $245 / Month |
| Tax Assessed Value | $432,300 |
| Tax Assessed Value Improvements | $424,400 |
| Tax Assessed Value Land | $7,900 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $98 / Month |
| Tax Year | 2023 |
| TMK (Tax Map Key) | 1-2-6-012-010-0351 |
| Maintenance | $522 / Month |
| Maintenance/SqFt | $58 / Month / Sq. Ft. |
| Total Monthly Fees | $522 / Month |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Waikiki |
| Zip Code | 96815 |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
