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Photos
1139 Papaku Place, Honolulu, HI 96814
$1,498,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
1
bath
680
sqft
Built in
1954
PRICE IMPROVEMENT - 200K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT AFFORDABLE HOUSING PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND CONSULT PROFESSIONALS. CONVEYED AS IS.
Features & Amenities
Interior
- Flooring:
- Other
Exterior
- Style:
- Detach Single Family
- Pool:
- None
- Parking:
- 3 Car+,Boat, Parking spaces: 5
Construction
- General:
- Above Ground,Single Wall, One
Lot
- Topography:
- Level
- View:
- None
Utilities
- Utilities:
- Connected,Public Water,Sewer Fee,Water
This listing courtesy of:
RE/MAX Honolulu
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Honolulu, HI
Housing
- Number of Units
- 177,568
- Median Home Value
- $780,672
- Median Rent
- $1,491
50.35% of housing units are renter occupied.
11.76% are vacant.
Commute
- Car
-
59.97%
- Public Transportation
-
8.43%
- Walk to Work
-
6.34%
- Work from Home
-
21.05%
- Other
-
2.27%
The median travel time to work is 21 minutes.
People
- Population
- 409,389
- Median Age
- 43.50
- Median Household Size
- 2.67
Education
- High School
-
21.69%
- Associate’s Degree
-
10.33%
- Bachelor’s Degree
-
25.44%
- Graduate Degree
-
15.67%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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