$880,000
$825,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
35 TERRACE DR Hilo, HI 96720
5 Beds
3.5 Baths
2,744 SqFt
Key Details
Sold Price $880,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,744 sqft
Price per Sqft $320
Subdivision Ponahawai
MLS Listing ID 657486
Sold Date 03/31/22
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1969
Annual Tax Amount $4,525
Lot Size 0.276 Acres
Property Description
35 Terrace Dr. is located in a very sought after neighborhood. Perfect for walks with the family and in the E.B. Desilva school district. This 5 Bed, 3.5 Bath home consists of over 2,700 square feet of living area, lanai space that overlooks Hilo and tons of parking. Upstairs you will find a 3 bed, 2 Bath floor plan with an open concept kitchen & living room. (Renovated in 2018) The home boasts a two story layout that is perfect for large families or potential rental income as the separation of floors are only accessible from exterior of the home.
The two studios downstairs from the main home is currently utilized as a 2 separate hosted short term vacation rental which can accommodate up to 8 guests total. (Renovated in 2019) Between the two rentals they can generate an income of anywhere from $5,000 - $7,000 a month. Occupancy rate is approximately 95%.
Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
Location
State HI
Area South Hilo
Zoning RS-10
Interior
Flooring Carpet
Exterior
Garage Assigned, Covered
Fence Hollow Tile
Pool No
Waterfront N
Building
Lot Description Clear, Grassy, Inside
Sewer Cesspool
Water County
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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