SOLD 06/08/2017
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2902 Varsity Cir, Honolulu, HI 96826
6 min drive to Rock Piles
About lifestyles
Surprisingly quiet, surrounded by greenery, and easy to rent studios with solid tenant pool: a stone's throw from UH, Manoa and directly across from an empty field maintained by the University, this apartment complex provides a peaceful oasis in the heart of Honolulu. 8 studios, 8 parking spaces, poured concrete construction, coin laundry, separately metered for electric. All units have ceramic tile flooring, verdant views, and cul-de-sac location means private living with ultimate convenience in all directions. Value-add opportunity with definite upside on rents. Property sold As Is, where is. Excellent value, seasoned leases, and proven return. Do not disturb tenants or enter the property without notifying listing agent. Seller prefers First American Title, Jill Kauka.
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Multi-family details
1954 year built
Year Built
1954
Year Remodeled
1970
Original list price
$1,488,000
Days on market
115
Building type
Apartments
Price per sqft
$243/sqft
Address
2902 Varsity Cir, Honolulu, HI, 96826
Frontage
Other
Neighborhood
Moiliili
Land tenure
FS - Fee Simple
Land SqFt
6,130 sqft
View
None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$7,587
Taxes
$322
HOA dues
$0
Mortgage
Down payment
$297,600 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$7,587 / month
Neighborhood: Moiliili
Unit Information
8 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
8
Amenities & Features
8 parking places
Stories
Two
Furnished
Partial
Roof
Composition
Construction
Concrete
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Average
Parking
Open
nr.of parking places
8
Amenities
None
Income
Net Operating Income: $64,721
Total Actual Rent
$7,650
Total Annual Operating Expenses
$28,518
Total Income
$93,240
Net Operating Income
$64,721
Moiliili prices
Average price $1.26m
Neighborhood average sales price*
$1.26m
Neighborhood median sales price*
$1.3m
Number or sales*
5
Street median sales price*
$1.06m
*last 6 months
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
Elementary School
|
0.238mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
Middle School
|
0.284mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
High School
|
0.284mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.238mi |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.249mi | |
| out of 10 |
Hokulani Elementary School
2940 Kamakini St,
Honolulu, HI 96816
|
0.272mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.479mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.534mi |
| School rating | Distance | |
|---|---|---|
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.284mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.479mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.534mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.558mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.643mi |
| School rating | Distance | |
|---|---|---|
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.284mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.346mi |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
0.424mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.534mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.558mi |
Data provided by Greatschools.org
Price history
Sold Jun 8, 2017
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 8, 2017 | Sold | $1,488,000 +55% from last sold price | $242.74 | Public Record |
| Apr 21, 2017 | In Escrow - not showing | $1,488,000 | $242.74 | MLS #201702623 |
| Mar 31, 2017 | Under contract | $1,488,000 | $242.74 | MLS #201702623 |
| Feb 14, 2017 | New Listing | $1,488,000 -5.82% | $242.74 | MLS #201702623 |
| Jan 27, 2017 | Withdrawn | $1,580,000 | $257.75 | MLS #201621518 |
| Jan 27, 2017 | Back On Market | $1,580,000 | $257.75 | MLS #201621518 |
| Oct 31, 2016 | In Escrow - not showing | $1,580,000 | $257.75 | MLS #201621518 |
| Oct 31, 2016 | Under contract | $1,580,000 | $257.75 | MLS #201621518 |
| Aug 18, 2016 | New Listing | $1,580,000 +64.58% | $257.75 | MLS #201621518 |
| Jul 30, 2008 | Sold | $960,000 -12.33% from last sold price | $156.61 | Public Record |
| Jun 17, 2008 | Under contract | $1,095,000 | $178.63 | MLS #2802223 |
| Apr 26, 2008 | Price Decrease | $1,095,000 -8.37% | $178.63 | MLS #2802223 |
| Apr 25, 2008 | Back On Market | $1,195,000 | $194.94 | MLS #2802223 |
| Apr 16, 2008 | Under contract | $1,195,000 | $194.94 | MLS #2802223 |
| Mar 24, 2008 | Price Decrease | $1,195,000 -7.72% | $194.94 | MLS #2802223 |
| Feb 5, 2008 | New Listing | $1,295,000 +60.67% | $211.26 | MLS #2802223 |
| May 21, 2007 | Sold | $806,000 -2.77% from last sold price | $131.48 | Public Record |
| Apr 1, 2007 | Expired | $829,000 | $135.24 | MLS #2620130 |
| Feb 7, 2007 | In Escrow - not showing | $829,000 | $135.24 | MLS #2620130 |
| Feb 7, 2007 | Back On Market | $829,000 | $135.24 | MLS #2620130 |
| Jan 31, 2007 | Temporarily Withdrawn | $829,000 | $135.24 | MLS #2620130 |
| Nov 2, 2006 | New Listing | $829,000 -2.47% | $135.24 | MLS #2620130 |
| Oct 18, 2006 | Withdrawn | $850,000 | $138.66 | MLS #2611556 |
| Sep 29, 2006 | Temporarily Withdrawn | $850,000 | $138.66 | MLS #2611556 |
| Sep 6, 2006 | Price Decrease | $850,000 -5.03% | $138.66 | MLS #2611556 |
| Jun 19, 2006 | New Listing | $895,000 | $146.00 | MLS #2611556 |
Activity
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Tax & MLS details 2902 Varsity Cir, Honolulu, HI, 96826
11 - A-1 Low Density Apartment zoning / MLS #201702623
Current Property Taxes p/month
$322
Property Tax Year
2017
Assessed Improvement value
$200,100
Assessed Land value
$926,600
TMK
1-2-8-025-013-0000
Land Recorded
Land Court
Zoning
11 - A-1 Low Density Apartment
Flood Zone
Zone X
Topography
Level
Location
Cul-De-Sac,Inside
Lot Description
Flag Lot
Property Setbacks
None
Total Assessed value
$1,126,700
Listed by
Commercial Inv. Strategies
MLS #
201702623
Hawaii House tour report 2902 Varsity Cir, Honolulu, HI, 96826
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Stunning views
Ocean views
Open floorplan
Needs Work
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Recently sold nearby 2902 Varsity Cir, Honolulu, HI, 96826
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Frequently asked questions for 2902 Varsity Cir
When was this multi-family home built and last sold?
This house was build in 1954 and sold in 2017.
What is the full address of this multi-family home?
2902 Varsity Cir, Honolulu, HI, 96826.
Are there beaches near 2902 Varsity Cir?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 03-26-2023. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. Some 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
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