2500 Kalakaua Ave #503

Foster Tower
2500 Kalakaua Ave #503
Honolulu, HI 96815

For Sale

Sold

Sold Price

$210,000 (LH)

List Price

$238,888 (LH)

Property Type:: Condo/Townhouse
Bedrooms:: 1
Full Baths:: 1
Half Baths:: 0

Land Area (sf):: 39,727
Living (sf):: 915
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 1 - Assigned, Covered - 1, Garage, Guest, Secured Entry

MLS #:: 202306102
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-026-014-0022

List Date:: March 13, 2023
Date Sold:: May 05, 2023

REMARKS:

Welcome to paradise! Great price for a LEASEHOLD 1 bedroom 1 bath 1 covered-secured parking at Foster Tower which is only 1 of 4 condo buildings in Waikiki located directly across the street from Waikiki Beach. Superior location to the water, surf spots, shops, restaurants, "Waikiki Mart" (brand new grocery store provided by "Foodland"), and the state's largest public park at Kapiolani Park. Quality features include laminate and ceramic tile flooring, plantation shutters in the living room, nice views of the ocean, and a large living area of 915 sqft. Foster Tower is a secure-high rise building with 24-hour security, pet-friendly (2 pets max 25lbs), and in a resort-zoned location for legal vacation rentals, and the current house rules allow min. 30-day rental rule. Building amenities include a heated saltwater pool (currently in construction), a new whirlpool, surf storage, fitness room, sauna, and storage for the residences. Outside of the building grab lunch, drinks, or pau hana at Cheeseburger & Paradise Restaurant which is attached to the building at Foster Tower.

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PROPERTY INFORMATION:

Zoning:: X6 - Resort Mixed Use Precinct
Furnished:: Negotiable

Year Built:: 1962
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $34,700
Assd. Val. Imprv:: $750,900
Assd. Val. Total:: $785,600

Tax Year:: 2022
Monthly Taxes:: $196
Home Exempt.:: $0

Maintenance Fees:: $1,238/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: Liliuokalani Trust

Lease Rent:: 980.65/2034
Next Step-Up:: --/--
2nd Step-Up:: --/--

Fee Purchase:: --
Reneg Date:: --
Lease Exp:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: --
View:: City, Coastline, Ocean, Sunset
Pool:: --
Amenities:: Community Laundry, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Storage, Trash Chute, Whirlpool
Inclusions:: Blinds, Book Shelves, Cable TV, Ceiling Fan, Dishwasher, Disposal, Kitchenware, Linens, Microwave Hood, Range/Oven, Refrigerator
Security:: Key, Security Patrol, Video
Assn. Fee Inclusions:: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Lease Rent

Lot Description:: --
Topography:: --
Number of Stories:: 21+
Building Style:: High-Rise 7+ Stories
Property Condition:: Above Average, Average
Construction:: Concrete
Roofing:: --
Floor Covering:: Ceramic Tile, Laminate

Disclosures:: Mixed Use OK, Pets Allowed (Verify)
Possession:: 45 Days or Less, 45 Days or More, At Closing
Terms Accept.:: Cash
Land Recorded:: Land Court

Exclusions:: --
Easements:: --
Set-Backs:: --

Compensation*:: 2.5
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, May 2, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Coldwell Banker Realty