2500 Kalakaua Ave #305

Foster Tower
2500 Kalakaua Ave #305
Honolulu, HI 96815

For Sale

Sold

Sold Price

$128,000 (LH)

List Price

$128,000 (LH)

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

Land Area (sf):: 39,727
Living (sf):: 520
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 0 - None, Garage, Guest, Secured Entry

MLS #:: 202306508
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-026-014-0012

List Date:: March 20, 2023
Date Sold:: August 31, 2023

REMARKS:

Welcome to Foster Tower! 1st condo in Waikiki and 1 of 4 condos directly across the sandy beach to make every day relaxing, peaceful, and convenient to the sunny lifestyle you are seeking. Extra large preferred studio with 520 living area with quality features including a pull-out murphy bed for extra room, turnkey furniture package, full kitchen, and laminate/tile flooring through the large studio. Foster Tower is a secure-high rise building with 24-hour security, pet-friendly (2 pets max 25lbs), and resort-zoned location for legal vacation rentals, and the current house rules allow min. 30-day rental policy. Building amenities include a heated saltwater pool (currently in construction), a new whirlpool, surf storage, a fitness room, a sauna, and storage for the residences. Short distances to the beach, surf spots, shops, restaurants, "Waikiki Mart" (brand new grocery store provided by "Foodland"), and the state's largest public park at Kapiolani Park. Maintenance fees include Cable TV, Hot Water, Internet, Common Area Expenses, Sewer, & Water. Great price for the LEASEHOLD interest at $128, 000.

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PROPERTY INFORMATION:

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

Year Built:: 1962
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $18,200
Assd. Val. Imprv:: $369,800
Assd. Val. Total:: $388,000

Tax Year:: 2022
Monthly Taxes:: $113
Home Exempt.:: $0

Maintenance Fees:: $703/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

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

Lease Rent:: 556.84/2034
Next Step-Up:: --/--
2nd Step-Up:: --/--

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

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: --
View:: None
Pool:: --
Amenities:: Car Wash, Community Laundry, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Pool on Property, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
Inclusions:: AC Window Unit, Blinds, Ceiling Fan, Disposal, 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
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*:: 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 Friday, April 26, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Coldwell Banker Realty