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1139 Papaku Pl Honolulu, HI, 96814
Neighborhood: Makiki Area$1,598,000 $1,438,200 Land expired 0.15 acres
EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 APARTMENT ZONED PROPERTY IN THE HEART OF MAKIKI! THIS EXTRAORDINARY OFFERING IS PRICED WELL BELOW THE 2023 REAL PROPERTY TAX LAND VALUE. FEATURING AN EXISTING WELL KEPT 3 BEDROOM/ 1 BATH SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQUARE FOOT UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIAL EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT-6 STORY AFFORDABLE HOUSING PROJECT AND ARE AVAILABLE FOR REVIEW DURING SHOWINGS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND REACH OUT TO THE DEPARTMENT OF PLANNING & PERMITTING AND HCDC.
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Property details
Oahu county
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None
Land area
6,750 sqft (0.15 acres)
Price per sqft
$236/sqft
Days on Verhouse
180
Address
1139 Papaku Pl, Honolulu, HI, 96814
City of Hawaii
Honolulu
Island
Oahu
Land tenure
FS - Fee Simple
Neighborhood
Makiki Area
District
Honolulu
Zoning
12 - A-2 Medium Density Apartme
Open Houses
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Listed by
Robert H Vernon, RE/MAX Honolulu
(808) 687-8900
(808) 687-8900
Name
Robert H Vernon
License number
RS-72166
Brokerage company
RE/MAX Honolulu
(808) 687-8900
(808) 687-8900
MLS #
202324523
Payment calculator
Calculate your monthly payments
Mortgage
$4,907
Taxes
$503
HOA dues
$0
Mortgage
$319,600 / 20%
2.28%
30 years
Your amount
$4,907 / month
Lot details
TMK #1240120220000
Parcel #
1240120220000
Makiki Area neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Makiki Area
31%
Families with children
National average: 39%
30%
Non family households
416,417
Population
$128,695
Average Income
Age & gender
Median age 44 years
More info
Commute types
64% commute by car
More info
Education level
26% have bachelor education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for
$730.31k
Neighborhood average
sales price*
sales price*
$521.82k
Neighborhood median
sales price*
sales price*
1236
Number
of sales*
of sales*
Housing type
61% are apartments
More info
Rooms
38% of the houses have 2 or 3 rooms
More info
Bedrooms
46% have 2 or 3 bedrooms
More info
Owners vs Renters
52% are renters
More info
13.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Utilities
Electricity, Public Water, Sewer
Utilities
Electricity, Public Water, Sewer
Location Details, Documents & Disclosures
—
Documents & disclosure
Property Disclosure Stmt
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
Elementary School |
0.081mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
Middle School |
0.423mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School |
0.129mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.081mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.423mi | |
|
Playmate Kindergarten, Day Care
1704 Keeaumoku Street,
Honolulu, HI 96822
|
0.563mi | |
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.575mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.637mi | |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.423mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.512mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.637mi | |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.699mi |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.71mi | |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.129mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.436mi |
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
|
0.616mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.637mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.71mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Expired Mar 31, 2024
Makiki Area Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $247.5k | 9.09% |
| 1 bed | $305.1k | 27.27% |
| 2 beds | $422.5k | 54.55% |
| 3 beds | $1.7m | 6.82% |
| 4 beds | $1.25m | 2.27% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 31, 2024 | Expired | $1,598,000 | 236.74 | MLS #202324523 |
| Jan 13, 2024 | Price Increase | $1,598,000 +900% | 236.74 | MLS #202324523 |
| Jan 13, 2024 | Price Decrease | $159,800 -90.01% | 23.67 | MLS #202324523 |
| Oct 30, 2023 | New Listing | $1,599,000 | 236.89 | MLS #202324523 |
| Oct 26, 2023 | Coming Soon | $1,599,000 | 236.89 | MLS #202324523 |
Taxes of 1139 Papaku Pl, Honolulu, HI, 96814
12 - A-2 Medium Density Apartme zoning / MLS #202324523
Current Property Taxes p/month
$503
Assessed Improvement value
$48,900
Assessed Land value
$1,672,800
Land Recorded
Regular System
Flood Zone
Zone X
Topography
Level
Location
Dead End,Other
Total Assessed value
$1,721,700
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $6,036 | MLS #202324523 |
About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.
Agent viewpoints of 1139 Papaku Pl, Honolulu, HI, 96814
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Frequently Asked Questions about 1139 Papaku Pl
What is 1139 Papaku Pl?
1139 Papaku Pl is a lot of 0.15 acres (about is 6,750 sqft).
What is the full address of this Land?
1139 Papaku Pl, Honolulu, HI, 96814.
Tell me about the point of interest nearby
The closest grocery stores are Safeway, 0.14 miles away and Times Supermarket, 0.18 miles away.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of RE/MAX Honolulu.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.
Listing last updated: Mar 31, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Safeway, 0.14 miles away and Times Supermarket, 0.18 miles away.
The Makiki Area neighborhood has a population of 416,417, and 31% of the families have children. The median age is 44.77 years and 64% commute by car. The most popular housing type is "apartment" and 52% is renter.
