$299,500

1280 Kumukoa St

HILO HI, 96720

Description

Old Hawaii Style Redwood home with ocean views. Great location in the University Heights subdivision 1/4 mile from UH-Hilo. Open ceiling living room with oak floors. 4 bedrooms, 1 full bath on main level with additional full bath in enclosed porch. Additional un-permitted 500 sf basement with full bath adjacent to 2 car garage. Solar hot water. Rear yard has mango, ulu, and avocado trees, backs up to 147 acre U H Hilo woods and Imiloa Astronomy Center.

The home is located in the Hilo Opportunity Zone, which offers exclusion from long term capital gains taxes if owned for 10+ years.

Note: This is a "project home" which needs major renovation. Will need to be a cash sale or a renovation loan. Some non-redwood components, including main beam, have termite damage and need replacement. Current owner submitted renovation blueprints and plans to County of Hawaii in November, 2020. Plans include new trusses in great room and replacing the 4th bedroom on the main level with a 2nd bathroom.

A must see for the buyer looking for a project in the heart of Hilo! This could be a great home for the investor or for the incoming UHH student. Walk to campus in 3 minutes!

Home was tented in August, 2019 and is still under warranty. Home is schedule for ground termite treatment in March, 2021.

Details

MLS#643994
Listing TypeFor Sale
StyleHouse
Sub-TypeFee Simple
StatusContingent
Year1968
Days On Site199

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,104
Garage1
Acreage0.24

Market Activity 96720

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Area Information
StateHI
CityHILO
Zip Code96720
AreaBig Island
SubareaSouth Hilo
Listing VS Median (in 96720)
Price:
$299,500
low | high
Med:
$375,000
24.791318864775% of Average
SqFt:
1,104
low | high
Med:
0
100% of Average
$ / SqFt:
$271
low | high
Med:
$0
100% of Average
On Site:
199
low | high
Med:
500
39.8% of Average
Sourced by Back At You
Listing Updated: May 16, 2021 8:31:09 PM PDT
Donna Duryea LogoMLS Number: 643994
Listing Provided By:
Donna Duryea  of  Compass

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