Makiki Home Residence, Honolulu 96814

Overview

LARGE PRICE IMPROVEMENT - 300K 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.

Property Details

Amenities: Wall/Fence
Construction Materials: Above Ground, Single Wall
Flooring: Other
Location: Inside
Neighborhood: Makiki Area
Parking Features: 3 Car+, Boat
Parking Total: 5
Property Type: Residential
Living Area SqFt: 680
Total SqFt: 680
Status: Pending
Year Built: 1954

Additional Property Info

Disclosures: Call Listor, See Remarks
Days on Market: 101
Flood Zone: Zone X
Property Condition: Above Average, Average
Roof: Asphalt Shingle
Tax Amount: $503
Tax Assessed Value: $1,722,900
Tax Assessed Value Improvements: $50,100
Tax Assessed Value Land: $1,672,800
Topography: Level
Utilities: Connected, Public Water, Sewer Fee, Water
Zoning: 12 - A-2 Medium Density Apartme

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Listing Courtesy of RE/MAX Honolulu Courtesy of Robert H Vernon, RE/MAX Honolulu.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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Makiki Home Residence

1139 Papaku Place, Honolulu, Oahu 96814 Get Directions

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