Hawaii House
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2902 Varsity Cir, Honolulu, HI 96826

Multi-Family · Sold · 6130 sqft · Sold 06/08/2017 $1,488,000

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.
Details
  • Original list price$1,488,000
  • Days on market114
  • Building typeApartments
  • Price per sqft$243/sqft
  • Address

    2902 Varsity Cir, Honolulu, HI, 96826

  • Year Built1954
  • FrontageOther
  • NeighborhoodMoiliili
  • Land tenureFS - Fee Simple
  • Land SqFt6130 sqft
  • ViewNone
Unit Information
  • # of 1 Bd0
  • # of 2 Bd0
  • # of 3 Bd0
  • Total Units8
Amenities & Features
  • StoriesTwo
  • FurnishedPartial
  • RoofComposition
  • ConstructionConcrete
  • UtilitiesCable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionAverage
  • ParkingOpen
  • nr.of parking places8
  • AmenitiesNone
Income
  • Total Actual Rent$7,650
  • Total Annual Operating Expenses$28,518
  • Total Income$93,240
  • Net Operating Income$64,721
Schools Nearby
-
Neighborhood - Moiliili
  • Neighborhood average sales price*$497.37k
  • Neighborhood median sales price*$367.5k
  • Number or sales*72
  • Street median sales price*$1.49m
Price history
Date Event Price $/sqft Source
2017-06-08 Sold $1,488,000 +55% from last sold price $242.74 Public Record
2017-04-21 In Escrow - not showing $1,488,000 $242.74 MLS 201702623
2017-03-31 Under contract $1,488,000 $242.74 MLS 201702623
2017-02-14 New Listing $1,488,000 $242.74 MLS 201702623
2017-01-27 Withdrawn $1,580,000 $257.75 MLS 201621518
2017-01-27 Back On Market $1,580,000 $257.75 MLS 201621518
2016-10-31 In Escrow - not showing $1,580,000 $257.75 MLS 201621518
2016-10-31 Under contract $1,580,000 $257.75 MLS 201621518
2016-08-18 New Listing $1,580,000 $257.75 MLS 201621518
2008-07-26 Sold $960,000 +19.11% from last sold price $156.61 Public Record
2008-06-17 Under contract $1,095,000 $178.63 MLS 2802223
2008-04-26 Price Decrease $1,095,000 -8.37% $178.63 MLS 2802223
2008-04-25 Back On Market $1,195,000 $194.94 MLS 2802223
2008-04-16 Under contract $1,195,000 $194.94 MLS 2802223
2008-03-24 Price Decrease $1,195,000 -7.72% $194.94 MLS 2802223
2008-02-05 New Listing $1,095,000 $178.63 MLS 2802223
2007-05-21 Sold $806,000 $131.48 Public Record
2007-04-01 Expired $829,000 $135.24 MLS 2620130
2007-02-07 In Escrow - not showing $829,000 $135.24 MLS 2620130
2007-02-07 Back On Market $829,000 $135.24 MLS 2620130
2007-01-31 Temporarily Withdrawn $829,000 $135.24 MLS 2620130
2006-11-02 New Listing $829,000 $135.24 MLS 2620130
2006-10-18 Withdrawn $850,000 $138.66 MLS 2611556
2006-09-29 Temporarily Withdrawn $850,000 $138.66 MLS 2611556
2006-09-06 Price Decrease $850,000 -5.03% $138.66 MLS 2611556
2006-06-19 New Listing $895,000 $146.00 MLS 2611556
Taxes
  • Current Property Taxes p/month$322
  • Property Tax Year2017
  • Assessed Improvement value$200,100
  • Assessed Land value$926,600
  • MLS #201702623
  • TMK1-2-8-025-013-0000
  • Land RecordedLand Court
  • Zoning11 - A-1 L
  • TopographyLevel
  • LocationCul-De-Sac,Inside
  • Lot DescriptionFlag Lot
  • Property SetbacksNone
  • Total Assessed value$1,126,700
Agent viewpoints   of 2902 Varsity Cir, Honolulu, HI, 96826
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Sold $1,488,000 2902 Varsity Cir, Honolulu, HI, 96826 6130 sqft Remove from Saved Save House