1778 Ala Moana Blvd #1912

Discovery Bay
1778 Ala Moana Blvd #1912
Honolulu, HI 96815

For Sale

Active Under Contract

List Price

$299,000 (LH)

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

Land Area (sf):: 84,463
Living (sf):: 769
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 1 - Assigned, Open - 1

MLS #:: 202408044
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-012-010-0434

List Date:: April 10, 2024

REMARKS:

NEW PRICE! Spacious floor, Fully furnished one bedroom unit with W/D in the unit and assigned a parking stall. Well maintained, secured building with ample of amenities such as pool, fitness, BBQ grills and sauna. Convenient location, walking distance to the beach, Waikiki, Ala Moana Shopping Center and beach parks. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $129, 816. Estimated closing cost is $4100.30. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website. SOLD ABSOLUTELY AS IS

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Full

Year Built:: 1977
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $13,200
Assd. Val. Imprv:: $607,300
Assd. Val. Total:: $620,500

Tax Year:: 2023
Monthly Taxes:: $181
Home Exempt.:: $0

Maintenance Fees:: $865/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: Fee Available
Lessor:: Bank of Hawaii TRS

Lease Rent:: 406.28/2039
Next Step-Up:: --/--
2nd Step-Up:: --/--

Fee Purchase:: $129,816
Reneg Date:: --
Lease Exp:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Ocean
View:: City, Coastline
Pool:: --
Amenities:: BBQ, Exercise Room, Pool on Property, Recreation Area, Security Guard, Trash Chute
Inclusions:: AC Central, Disposal, Drapes, Microwave, Other, Range/Oven, Refrigerator, Washer
Security:: Key
Assn. Fee Inclusions:: AC Central, Hot Water, Sewer, Water
Other Fee Inclusions:: Sewer

Lot Description:: --
Topography:: --
Number of Stories:: 21+
Building Style:: High-Rise 7+ Stories
Property Condition:: Average
Construction:: Concrete
Roofing:: --
Floor Covering:: Other, Vinyl, W/W Carpet

Disclosures:: Property Disclosure Stmt
Possession:: At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

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

Compensation*:: 3
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 Fogarty Realty, Inc.