List Price $348,000 Leasehold ❤
tapoffer.net
EW PRICE! Spacious floor, Fully furnished one bedroom unit with W/D in the unit and assigned a parking stall. Well maintained, secured building with ample of amenities such as pool, fitness, BBQ grills and sauna. Convenient location, walking distance to the beach, Waikiki, Ala Moana Shopping Center and beach parks. 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 $120,325.00. Estimated closing cost is $4100.30. 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.
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What will it cost to own?
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MLS
Public
Condo/TownhouseCondoProperty Type
Sub Type
1778 Ala Moana Blvd1778 Ala Moana Blvd
Discovery Bay 1912Discovery Bay 1912
Honolulu HI 96815Honolulu Hawaii 96815
Metro WaikikiWaikiki
Ala WaiAla Wai Elem
WashingtonWashington Int
KaimukiKaimuki High
Kaimuki-McKinley-RooseveltComplex
Public SchoolsRank
naMepc Properties Hi
Mepc Properties Hi
Builder
MLS 202322456TMK 1-2-6-12-10-434Property ID
11 Bedrooms
11 Full Baths
00Half Baths
11Total baths
0Rooms
11 Parking
769769 Interior sf
0 Lanai sf
769Total sf
$395,000 10/6/2023Original list
Active 451 DOMStatus
$348,000 List price
2/8/2024Last price change
LeaseholdLeaseholdTenure
NoFractional
Fee Not AvailableFee Options
naFee purchase
19771977
1977
Year built
naConversion
0 naRemodeled
0 %Biennial Reg, § 6.Owner Occupancy
$ 0
$ 0
$ 865
$ 865
Includes:
Sewer
AC Central
Hot Water
Sewer
Water
AOAO fee
AOAO other
Maint fee
AOAO total fees
191219Floor
City
Coastline
View
Land CourtRecorded
Apartment PrecinctAPARTMIXZoning
Zone - AEFlood Map
Tsunami Map
Flood
naRestrictions
AverageCondition
Central AC
Odd# Unit
Features
Other
Vinyl
W/W Carpet
Flooring
AC Central
Disposal
Drapes
Microwave
Other
Range/Oven
Refrigerator
Washer
Inclusions
naExclusions
KeyGuardSecurity
BBQ
Exercise Room
Pool
Recreation Area
Security Guard
Trash Chute
Amenities
OceanFrontage
High-Rise 7+ StoriesCondo
42 Stories
666 Units
Architecture
naModel
Discovery BaySkyscraper
ConcreteMaterials
21+StoriesType
Disclosure StmtDisclosures
7-69Parking stall ID
Building Matrix
Condo Docs
Floor Plans
Bank of Hawaii TRSLessor
12/30/2024 $406 mo
12/31/0 $0 mo
12/31/0 $0 mo
12/31/2039
Lease rent
First step up
Second step up
Expires
0758Public Report
Assigned
Open - 1
Parking
0Guest parking
4Passenger 8
Freight 0
Elevators
naAOAO Name
naAOAO Ph
Hawaiiana MgmtHawaiiana Mgmt Co LtdManagement Co Name
8085939100Management Co Ph
naBuyer Financing
Bank Of America1st Mortgagor
232,0001st Mortgage
na2nd Mortgagor
02nd Mortgage
No/naForeclosure/Case#
20232020Property tax year
$ 13,200$ 11,900Land assessed
$ 607,300$ 457,900Building assessed
$ 0$ 0Home owner exemption
$ 620,500$ 469,800Total assessed RPAD
$ 181$ 137Tax per month rates
0Total rent
Building Permits
At ClosingPossession
NoneSpecial
Cash
Conventional
Financing
Affordability
Apply Online
PDF application
FullFurnished
NoNew development
Estimated summary Buyer closing statement
calculated at list price
x PriceTotalBuyer Share
0.385%1,34040.0%536+ ALTA Insurance
0.353%1,22850.0%614+ Escrow Fee
350+ Condo Transfer
0%2568 1,500= Sub-total
(3,720)= Sub-Total
348,000 348,000+ Price
344,280= Est Cost to Buy*
* Excluding loan fees, pro-rations, special and sundry fees. Escrow companies and lenders also calculate estimated closing costs for you.
MonthlyCost to own estimate:
$ 181Real Property Tax
$ 865Association Fee
$ 406Lease Rent
$ 1452Cost to own
(ex Mortgage, Ins & Elec)
10/6/2023Active
2/8/2024Price change
naContinue to show
naPending
naTemp withdrawn
naBack on market
naWithdrawn
naOff market
10/6/2023Status change
naAdvertise
naAuction
Fogarty Realty, Inc.Listing Firm
twarner@fogartyhawaii.com Listing Participant
11/1/2023Photos uploaded
naSupplement Mod
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Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
Affiliated Companies: Global Electronic Commerce LLC · Glass Commercial Properties Inc
 

Click for the BBB Business Review of this Real Estate in Honolulu HI
 

Robin Charles Glass (R), MBA, eng.
Principal Broker, Managing Member
DCCA PV License # RB-20173
Track Record: Top 2% Sales
Ph: (808) 358-1774
Email: glassr@hawaiihome.cc

Mami I. GLASS (MA)
Administrator, Managing Member
Ph: (808) 372-9136
Email: mamiglass@gmail.com

 
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