4 months on rocket

76 Palai St, Hilo, HI, 96720

$849,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
2,092 SqFt
$406/SqFt
Multi

Location

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76 Palai St, Hilo$849,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned, Covered, Attached, Detached
Year Built1958
MLS #710954
StatusActive

About 76 Palai St

Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.<br><br>Renovations on all three units:<br>New roofing & refinished in some areas<br>New countertops, Quartz in unit B<br>New paint, interior and exterior<br>New windows in unit B<br>New bathrooms<br>New flooring<br>New lighting, fans<br>New hardware<br>New faucets<br>New carpentry work throughout<br><br>Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.5%<br><br>The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.

Property Details

Property Features

Property Information:

  • Year Built: 1958
  • Living Area: 2,092 SqFt

Listing Office:

  • Office Name: Big Island Properties
  • Office Phone: (808) 345-2202

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Assigned, Covered, Attached, Detached

Price Information

Listing Price Info

Price Summary:

  • List Price: $849,000
  • Price Per SqFt: $406/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

$599.9K

Med. Price/SqFt

$414

Avg. Days On Market

182

# of Sold Homes

3

76 Palai St vs Hilo

137 DAYS ON ROCKET

-45 Days

$849,000

+$249.1K More

$406/SqFt

-$8 Less

KEY TAKEAWAY

This property is $249.1K more than the Median List Price and $8/SqFt less than other homes in Hilo, HI.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #710954

Listing Office:

  • Office Name: Big Island Properties
  • Office Phone: (808) 345-2202

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: 11/23/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,612

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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-909261
8
/10

  • Waiakeawaena Elementary School

  • 2420 Kilauea Ave

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-909262
5
/10

  • Waiakea Elementary School

  • 180 W Puainako St

  • 1.31 miles

  • Public District Grades PK-5

school-card-donut-909263
4
/10

  • Chiefess Kapiolani Elementary School

  • 966 Kilauea Ave

  • 2.58 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 $69,593. The majority of Hilo, HI residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area 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 2,092 square foot home was built in 1958. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 08, 2024 and is currently priced at $849,000.

In October 2024 in Hilo, HI there were 17.4% more homes for sale than in September 2024. 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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