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1139 Papaku Place, Honolulu, HI, 96814
Home in Makiki Area
$1,399,999Est. $7,955/mo
3 bed · 1 bath · 680 sqft
  • Active under contract Accepted an offer. Backup offers welcome.
  • Fee SimpleYou own the property outright.
  • 157 daysListed 07/14. Last updated 10/26.
  • Built in 1954Built 70 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this home offers

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.

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Where you'll live

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1139 Papaku Place, Honolulu, HI, 96814 is located in Makiki Area on Oahu.

More about this home

  • Tax ID 1-2-4-012-022-0000
  • Taxes$503/mo
  • HOA Fee: n/a
  • Property Type Home
  • Tenure Fee Simple
  • Construction Above Ground, Single Wall
  • Flooring Other
  • Roof Asphalt Shingle
  • Style Detach Single Family
  • Year Built 1954
  • Lot Size 6,750 sqft
  • Views None
  • Parking 3 Car+, Boat
  • Occupied Tenant
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

Listing courtesy of Robert H Vernon from RE/MAX Honolulu, MLS #202415697. Contact: r.vernon7@gmail.com.

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10/02/2023 1512 Emerson Street $930,000 64 3 3 1,062
01/12/2024 1438 Dominis Street #B $950,000 53 3 1 1,047
06/23/2023 1517-A Spreckels Street $1,060,000 85 3 2 892
06/26/2023 2111 Mauna Place $2,300,000 196 3 4 3,192
09/29/2023 2055 Leiloke Drive $1,750,000 155 3 3 1,556
05/30/2024 1516 Nehoa Street #1 $1,415,000 80 3 3 2,095
01/30/2024 234 Huali Street $875,000 132 3 2 1,528
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