For Sale: Sold

Discovery Bay
1778 Ala Moana Blvd #3808
Honolulu, HI 96815

$328,000 (LH)
Sold Price
$338,000 (LH)
List Price
Property Type:
Condo/Townhouse
Bedrooms:
1
Full Baths:
1
Half Baths:
0
Land Area (sf):
84,463
Living (sf):
683
Lanai (sf):
86
Other (sf):
--
Parking Stalls:
1 - Assigned, Covered - 1
MLS #:
202322430
TMK:
1-2-6-012-010-0298
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI

REMARKS:

Opportunity is knocking! Do you want to live in Waikiki for a fraction of the price? This rare high floor gives you mountain, Diamond Head, and city views on the cooler side of the building. Discovery Bay is a popular secure building with central AC, washer-dryer in the unit, assigned covered parking with security, and resort like amenities including pool, sundeck, spa, sauna, BBQ, and fitness center. Location is unbeatable with bus lines, grocery stores, restaurants, post office, Ala Moana Shopping Center, Waikiki, beaches, boating, surfing, easily accessible. Discovery Bay is a leasehold property with the owner's association currently owning approximately 94% of the leased fee. An owner’s purchase of its share of the AOAO’s leased fee would convert its apartment to 94% fee simple. After your purchase of 93.786% of the leased fee (for approximately $126, 000), your new lease rent for the 6.214% owned by the Fee Simple Co-Tenant would range from $15-$60 per month until December 31, 2029. After this, it will become $20-$80 per month until the end of lease on December 31, 2039. NOTE: The first 7 pictures are VIRTUALLY STAGED.

PROPERTY INFORMATION:

Zoning:
X2 - Apartment Precinct
Furnished:
None
Year Built:
1977
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$13,200
Assd. Val. Imprv:
$567,800
Assd. Val. Total:
$581,000
Tax Year:
2023
Monthly Taxes:
$177
Home Exempt.:
$0
Maintenance Fees:
$865/mo.
Association Fees:
--/mo.
Other Fees:
--/mo.
Land Tenure:
--
FeeOptions
None
Lessor:
BOH Trust
Lease Rent:
406.00/2039
Next Step-Up:
--/--
2nd Step-Up:
--/--
Fee Purchase:
$120,325
Reneg Date:
--
Lease Exp:
--

SCHOOLS:

Elementary School:
Jefferson
Middle School:
Washington
High School:
Mckinley

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, May 17, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Coldwell Banker Realty