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Backup Offers

251 Olu St, Hilo, HI, 96720

$488,000

Home List Price

$5,795*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,200 SqFt
$407/SqFt
House

Location

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251 Olu St, Hilo$488,000

Buyer Closing Credits

$5,795*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered
Year Built1971
HeatingNone
CoolingNone
MLS #705727
StatusAccepting Backup Offers
(Contingent)

About 251 Olu St

Discover timeless island living in this 1971 single-story home located in the heart of Hilo's Waiakea Homestead Houselots. Offering approximately 1200 sq ft of living space on an 8970 sq ft lot, this residence is a blend of nostalgia and modern comfort.<br><br>Step inside to experience the warmth of authentic koa paneling and redwood, creating a cozy ambiance throughout the 3-bed, 2.5-bath interior. The single-wall construction, typical of the era, aligns with the tropical climate, allowing the cool tradewinds to naturally ventilate the home. The open layout, complemented by jalousie windows, welcomes ample natural light, creating an airy and inviting atmosphere.<br><br>The primary suite is a private retreat, featuring lighted closets and a full bath. A bonus room and a small office space add versatility to the floor plan. Outside, a large carport beckons for gatherings, and a chain-link fence with a gate provides security.<br><br>Convenience is at your doorstep with proximity to Waiakeawaena Elementary, supermarkets, convenience stores, and dining options. Explore nearby attractions like Prince Kuhio Mall, Andrews Gymnasium, and sports fields, as well as beautiful beaches in nearby Keaukaha and Hilo Bay for leisure.<br><br>Enjoy views of Mauna Kea and immerse yourself in Hilo's unique charm, characterized by historic downtown wooden storefronts, art galleries, and local boutiques. Uncover the region's rich history at the Pacific Tsunami Museum and the Lyman Museum. Enjoy the vibrant local scene with the Hilo Farmers Market and the University of Hawaii at Hilo just a short drive away.<br><br>Become part of Hilo's cultural tapestry with events like the Merrie Monarch Festival, celebrating hula and Hawaiian heritage. This home invites you to embrace the Hilo lifestyle, where classic architecture meets modern convenience in a community that celebrates the spirit of aloha.

Property Details

Property Features

Property Information:

  • Year Built: 1971
  • Living Area: 1,200 SqFt

Listing Office:

  • Office Name: COMPASS

Interior Features

Interior Information:

  • Appliances: None
  • Flooring Type: Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Covered

Lot Features

Lot Information:

  • Lot: Gentle Sloping, Level, Sloped

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $488,000
  • Price Per SqFt: $407/SqFt

Tax Information:

  • Annual Amount: $1,290
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Hilo, HI.

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Hilo, HI

City

Med. List Price

$599.9K

Med. Price/SqFt

$414

Avg. Days On Market

182

# of Sold Homes

3

251 Olu St vs Hilo

367 DAYS ON ROCKET

+185 Days

$488,000

-$111.9K Less

$407/SqFt

-$7 Less

KEY TAKEAWAY

This property is $111.9K less than the Median List Price and $7/SqFt less than other homes in Hilo, HI.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #705727

Listing Office:

  • Office Name: COMPASS

IDX © 2024 MLS Hawaii, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.

Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 26, 2019Home Sold
$220,000
Nov 17, 2005Home Sold
$310,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,290$312,300
2020$1,248$303,700
2019$2,564$271,200
2018$2,521$231,000
2017$2,521$227,100

History based on county public records data.

Payment Calculator

$2,503

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,530

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-501796
8
/10

  • Waiakeawaena Elementary School

  • 2420 Kilauea Ave

  • 0.13 miles

  • Public District Grades PK-5

school-card-donut-501797
5
/10

  • Waiakea Elementary School

  • 180 W Puainako St

  • 1.04 miles

  • Public District Grades PK-5

school-card-donut-501798
4
/10

  • Chiefess Kapiolani Elementary School

  • 966 Kilauea Ave

  • 2.29 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,717. The majority of Hilo, HI residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Hilo, HI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Hilo, HI?

Hilo offers a diverse range of housing options, from charming bungalows to spacious contemporary homes. The housing landscape is characterized by a mix of single-family residences and multi-family units, with single-family homes making up a significant portion of the market. Architectural styles reflect the island's unique cultural blend, with influences ranging from plantation-style to modern Pacific designs. The area has seen a range of development periods, with many homes dating back to the mid-20th century, providing a sense of historical charm.

Is Hilo, HI a good place to live?

Hilo is celebrated for its laid-back atmosphere and rich cultural heritage. The community prides itself on its strong ties to native Hawaiian traditions and the spirit of Aloha. Residents and visitors alike enjoy the town's vibrant festivals, including the renowned Merrie Monarch Hula Festival, which showcases the island's deep cultural roots and artistic expression. The area's natural beauty, with its lush landscapes and nearby waterfalls, contributes to a serene and inviting community character.

Are things conveniently located in Hilo, HI?

The community is served by a network of public and private educational institutions, ensuring a range of options for families. Healthcare services are available through local clinics and the Hilo Medical Center, which provides comprehensive care including emergency services. The public library system supports the town's educational and cultural needs. Retail and dining establishments offer a taste of local flavors and crafts, reflecting the diverse cultural influences of Hilo. City initiatives aim to maintain and improve these services to accommodate the needs of a growing population.

What does the transportation in Hilo, HI look like?

Transportation in Hilo includes a public bus system that connects residents to key areas within the town and surrounding regions. While schedules vary, the bus service provides a reliable option for those without private vehicles. The area is moderately walkable, particularly in the downtown district, where shops and restaurants are concentrated. For longer distances, a network of roads and highways connects Hilo to other parts of the Big Island, and the Hilo International Airport facilitates air travel. Ride-sharing services are available, complementing the existing transportation options.

Frequently Asked Questions About 251 Olu St

What is the listing price of this property?

The listing price of 251 Olu St property is $488,000.

What type of property is this?

The property 251 Olu St is a house located in Hilo, Hawaii, 96720.

Is this property for sale now?

Accepting Backup Offers: 251 Olu St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,290 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 26, 2019 for $220,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 251 Olu St has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 251 Olu St is 1,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 251 Olu St is 1971.

Rocket Homes›Hawaii›Hawaii County›Hilo›96720›251 Olu St

This home is located at 251 Olu St in Hilo, HI and zip code 96720. This 1,200 square foot home was built in 1971. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 20, 2023 and is currently priced at $488,000.

Between September 2024 and October 2024, Hilo, HI real estate market has seen increase in the number of listings by 17.4%. The median list price of listings available in October 2024 was $599,900, while the average time on the real estate market was 182 days.

From Rocket Homes Real Estate and based on county public records data.

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