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SOLD
MLS: 637088
Condo: Hilo Terrace #246
 
Asking Price: $39,000 Leasehold
Sold Price: $35,000
Sold Date: 04/09/2021
Type: Condo/Residential Condo
District: South Hilo
Street: 485 Waianuenue Ave
Neighborhood: Hilo
Monthly Association Fee: $435
Beds: 2   Baths: 1
Living Area: 695 SF

Pool: Yes
Parking: Assigned
Days on Market: 1486
(The Price of the property was lowered by $16,000 on 02/25/2021)
Year Built: 1963
Zoning: CG-20
Roads: Paved,Street Lights
Property Taxes: $648
Assessed Value: $55,400
Assessed Ratio: 70.4%
Listing Courtesy: Venture Sotheby's International Realty
Terms Acceptable: Cash
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Affordable Hilo unit

This is a leasehold property. Fee is available for purchase separately. Unit may not qualify for conventional financing due to the years left on the lease. The master lease expires 12-31-2028. Monthly lease rent is $93.75.

Excellent opportunity to own an affordable 2 bedroom unit in town. Complex has an onsite manager, laundry room, pool and mailboxes. This unit is a desirable end unit.

Hilo Terrace is a couple of short blocks to schools, the public library, and downtown Hilo.

Monthly maintenance fee covers common area electricity, water, sewer, association insurance and maintenance of the common areas. Electricity and trash are billed separately.


 
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