1 month on rocket

76 Palai St, Hilo, HI, 96720

$2,426,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
5 Full Baths
3,704 SqFt
$655/SqFt
Multi

Location

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76 Palai St, Hilo$2,426,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOther (remarks)
Year Built1958
MLS #712297
StatusActive

About 76 Palai St

Four separate parcels, 7 dwelling structures totaling 10 rented units. All Stable Cash Flowing Properties with Strong History of High Occupancy. Possible Added Value by Subdividing some of the Lots. Off-Street Parking or Carport Space for All Units. Refer to MLS #'s 710954, 711445, 711985, 712305 for information on each individual property.<br><br>1) Tax Key Number: (3) 2-2-055-008 - MLS# 710954<br>76 A E Palai Street Hilo, 96720<br>Zoning: RS-10; Lot Size: 20,210 SF, Subdivision Possible<br>2092 SF, 3 Structures, 3 Units with Carports<br><br>2) Parcel Number 3-1-1-16-26 - MLS# 711445<br>11-3223 Mokuna Street Volcano, 96785<br>Zoning: A-1A; Lot Size: 10,000 SF<br>832 SF, 2 Structures, 2 Units with Carports<br><br>3) Tax Key Number 3-2-8-018-035 - MLS# 711985<br>28-1712 Honomu Road; Honomu, HI 96728<br>Zoning: RS-7.5; Lot Size: 17,380 SF, Subdivision Possible<br>2442 SF, 1 Structure, 3 Units, Separate Entrances with Parking<br><br>4) Tax Key Number 3-2-2-018-010 - MLS# 712305<br>161 HOKU STREET Hilo, HI 96720<br>Zoning: RS-3.75 (Multifamily); Lot Size: 3,554 SF<br>1602 SF, 1 Structure, 2 Units, Designated Off-Street Parking<br><br>Renovation and Improvements Done to All Units Recently. All Customary Public Utilities Available to the Units. All Fee simple. AS-IS”. All Showing for occupied units will be done after an accepted contract to reduce disturbing the tenants. Palai Street Unit B is currently vacant for showing purposes, but easy to fill. Potential tenants are on a waiting list. New Quartz countertop with undermount sink to be installed by mid July, 2024.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Living Area: 3,704 SqFt

Listing Office:

  • Office Name: Big Island Properties

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Other (remarks)

School Info

Assigned Schools Information:

  • Waiakea High School, Public District Grades 9-12
  • Waiakea Intermediate School, Public District Grades 6-8
  • Waiakeawaena Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,426,000
  • Price Per SqFt: $655/SqFt
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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

$594.5K

Med. Price/SqFt

$414

Avg. Days On Market

161

76 Palai St vs Hilo

59 DAYS ON ROCKET

-102 Days

$2,426,000

+$1.8M More

$655/SqFt

+$241 More

KEY TAKEAWAY

This property is $1.8M more than the Median List Price and $241/SqFt more than other homes in Hilo, HI.

Based on homes listed in August 2024

MLS Details

MLS Information:

  • MLS Number: #712297

Listing Office:

  • Office Name: Big Island Properties

IDX © 2024 MLS Hawaii, Inc. All rights reserved.
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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: 9/7/2024, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$12.1K

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,340

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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.

Elementary School

school-card-donut-1115789
8
/10

  • Waiakeawaena Elementary School

  • 2420 Kilauea Ave

  • 0.40 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1115790
5
/10

  • Waiakea Intermediate School

  • 200 W Puainako St

  • 1.35 miles

  • Public District Grades 6-8

High School

school-card-donut-1115791
7
/10

  • Waiakea High School

  • 155 W Kawili St

  • 1.58 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,593. The majority of Hilo, HI residents have income between $35k-100k annually. Typical family type is 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 are the common housing types 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.

What are the advantages of living in Hilo, HI?

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 essential services in Hilo, HI convenient?

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.

How do Hilo, HI residents get around?

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.

Rocket Homes›Hawaii›Hawaii County›Hilo›96720›76 Palai St

This home is located at 76 Palai St in Hilo, HI and zip code 96720. This 3,704 square foot home was built in 1958. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $2,426,000.

Between July 2024 and August 2024, Hilo, HI real estate market has seen increase in the number of listings by 11.1%. While the average time on the market in August 2024 was 161 days, the median list price was $594,500.

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

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