2 months on rocket

703 Kihapai Pl, Kailua, HI, 96734

$1,939,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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703 Kihapai Pl, Koolaupoko$1,939,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOpen
Year Built1956
WaterfrontCanal, Other
ViewMountain(s), Other
MLS #202421887
StatusActive

About 703 Kihapai Pl

A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Single Family MLS#202421899.

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 1

Listing Office:

  • Office Name: Town and Country Real Estate
  • Office Phone: (808) 389-4004
  • Agent Phone: (808) 389-4004, (808) 747-0234

Exterior Features

Exterior Information:

  • Waterfront: Canal, Other
  • View: Mountain(s), Other

Parking Information:

  • Parking: Open

Lot Features

Lot Information:

  • Lot: Cleared, Cul-De-Sac, Dead End Street, Level

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,939,000

Tax Information:

  • Annual Amount: $4,290
  • Tax Year: 2021
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Housing Market Comparison

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

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Koolaupoko, HI

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$772

Avg. Days On Market

56

# of Sold Homes

45

703 Kihapai Pl vs Koolaupoko

69 DAYS ON ROCKET

+13 Days

$1,939,000

+$789K More

KEY TAKEAWAY

This property is $789K more than the Median Sold Price in Koolaupoko, HI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HICMLS
  • MLS Number: #202421887

Listing Office:

  • Office Name: Town and Country Real Estate
  • Office Phone: (808) 389-4004
  • Agent Phone: (808) 389-4004, (808) 747-0234

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/20/2024, 11:21:07 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

May 19, 2017Home Sold
$3,600,000
Feb 18, 2005Home Sold
$600,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,290$1,225,600
2020$4,097$1,170,800
2019$2,817$1,110,200
2018$2,818$805,100
2017$2,760$788,500

History based on county public records data.

Payment Calculator

$9,745

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,880

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NMLS#3030

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-490340
2
/10

  • Kailua Elementary School

  • 315 Kuulei Rd

  • 0.37 miles

  • Public District Grades PK-6

school-card-donut-490341
6
/10

  • Kaelepulu Elementary School

  • 530 Keolu Dr

  • 0.93 miles

  • Public District Grades PK-6

school-card-donut-490342
9
/10

  • Maunawili Elementary School

  • 1465 Ulupii St

  • 1.20 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 $53,157. Typical income of Koolaupoko, HI residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Hawaii›Honolulu County›Koolaupoko›96734›703 Kihapai Pl

This home is located at 703 Kihapai Pl in Kailua, HI and zip code 96734 in the Kailua neighborhood. This home was built in 1956. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $1,939,000.

In November 2024 more than 11 listings in Koolaupoko, HI were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 24 were sold below. The number of homes for sale in Koolaupoko, HI decreased by 0.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 56 days, the median list price was $1,150,000.

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

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