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Executive Centre 1088 Bishop Street Unit 2008 Honolulu HI 96813

$455,000 | OahuRE Rebate $2,275 | Active

Listed on 05-17-2024

1 Bedroom, 1 Full Bath, 0 Half Baths, 2 Parking Spaces

570 Square Feet Living * $732 Total Association Fees

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Listing courtesy of List Sotheby's Int'l Realty Akimi Sue Mallin (808) 735-2411

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Property Last Viewed: 06/16/2024 08:41 AM, Total Views Today: 0, Total Views: 40, Viewed History

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OahuRE.com Notes About This Property

View all new listings in the Executive Centre since this property was listed.

The last sale on May 26, 2021, used Conventional financing, so it is not an assumable mortgage.

Listed previously on December 21, 2020 for $355,000. View Details

Listed previously on January 3, 2012 for $149,000. View Details

Listed previously on October 16, 2001 for $125,000. View Details

Expired 3 times. View Details

There are 4 buildings in the same neighborhood with similar units for sale.

There are 73 buildings in the same region with similar units for sale.

Price trends for Executive Centre.

There were 48 units sold in the last 2 years in the Executive Centre building.


Executive Centre 1088 Bishop Street  Unit 2008

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Property Details

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MLS#: 202411487 * Questions?
Status: Active since 05-17-2024 See History
Price: $455,000
Rebate: $ 2,275 from OahuRE.com.
Monthly: $ 3,699.30 Update the default down payment and interest rate
  Monthly payment estimate for $ 455,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 352 taxes, and $ 732 fees. Insurance not included.
Beds: 1   Baths: 1   Half: 0  Parking Spaces: 2
Living Sq Ft: 570
Land Tenure: FS - Fee Simple
Total Fees: $732
Lanai Sq Ft: 0
Address: 1088 Bishop Street 2008 Honolulu HI 96813
Region: Metro - Activity
Neighborhood: Downtown - Activity
Street: Bishop - Activity * Bishop Street Stats
Building Name: Activity in Executive Centre * Executive Centre Stats
Charts: Charts for this Building
Statistics: Live Building Stats
Showing: Showing Request

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Original: $455,000
Change: $0    0.00%
Parcel#: 1-2-1-012-004-0231
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 32 days in Active or In Escrow Showing
Date: Listed: 05-17-2024
Date: Status Change: 05-20-2024
Recent History: Last Sold on 05-26-2021 for $342,000 - MLS# 202032460 - Seller's Agent: Akimi Sue Mallin, Buyer's Agent: Akimi Sue Mallin
Year Built: 1984 Remodeled:
View: City
Frontage: Other
Monthly Tax: $352 Year: 2023
Land: FS - Fee Simple
Condition: Average

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Description:

Discover the Executive Centre, real estate opportunity located in the vibrant heart of downtown Honolulu. This versatile property, zoned BMX-4, is perfect for residential, business, or investment use, with short and long-term rental. According to seller, the close proximity to Hawaii Pacific University helps maintain a short-term occupancy rate of around 85%. This turnkey fully furnished unit, features views of the urban landscape. It comes with two secured, covered parking stalls, enhancing its desirability. Maintenance fee covers central AC, cable TV, hot water, sewer, and upkeep of common areas. It has scheduled AC servicing and proactive pest control, ensuring a top-notch environment for residents and guests. Amenities designed to enrich the urban living experience, featuring a hotel-style lobby, 24-hour security, an onsite restaurant, community laundry facilities, and a swimming pool. Located near the H-1 freeway and in close proximity to major retailers, fitness centers, and a plethora of dining and entertainment venues, offering convenience. Explore the possibilities. Currently being used for short term rentals. Capital Reserves $236.56.

 
 
Inclusions: AC Central, Dishwasher, Disposal, Kitchenware, Linens, Microwave, Range/Oven, Refrigerator, Water Heater

Amenities: Car Wash, Community Laundry, Condo Association Pool, Resident Manager, Restaurant, Security Guard, Trash Chute

Utilities: Construction: Concrete, Double Wall Lot Features: Floor: Ceramic Tile, W/W Carpet Disclosures: 1031 Exchange, Property Disclosure Stmt Land Recorded: Dual Systems Furnished: Full

Possession: Negotiable, Subject to Rental L Terms: 1031 Exchange, Cash, Conventional Sale Conditions: None Pet Friendly: No Occupancy: 42% Number of Parking Spaces: 2 Parking Spaces Number: 5 & 43 Floor Number: 20 Elevators: 0 Management Company Name & Phone: AOAO Executive Centre 808-931-1577

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $38,900
Building: $301,300  
Assessed Total: $340,200  
Assessed Ratio: 133.74%
Pool:
Location:
Parking: Covered - 2

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District Locator: DOE Locator to Confirm District
Area Total: 58,370
Acres: 1.3400
Topography:
Building Style: High-Rise 7+ Stories
Building: Executive Centre
New Const: No

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Maint. Fee: $732
Assoc. Fee: $0
Other Fee: $0
Includes: AC Central, Sewer, Water
Total Fees: $732
Exemption: 0
Other: 0
Lanai Sq Ft: 0
Garage Sq Ft: 0
Avg Sq Ft Living: $798.25
Security: Keyed Elevator, Security Patrol, Video
Rental Income: $0
Zoning: 34 - BMX-4 Central Business Mix
Flood Zone: Zone X * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing:
Set-Backs: Roads:
Easements:

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

Listing courtesy of List Sotheby's Int'l Realty Akimi Sue Mallin (808) 735-2411

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
05-20-2024 202411487 New Listing Active $455,000 $0 $340,200 $38,900 $301,300
05-26-2021 202032460 Sold In Escrow Showing Sold $355,000 $342,000 $351,000 $36,500 $314,500
02-21-2021 202032460 In Escrow Showing Active In Escrow Showing $355,000 $342,000 $351,000 $36,500 $314,500
12-21-2020 202032460 New Listing Active Active $355,000 $342,000 $351,000 $36,500 $314,500
07-04-2012 1200095 Expired Active Expired $149,000 $0 $221,400 $26,700 $194,700
01-03-2012 1200095 New Listing Active Active $149,000 $0 $221,400 $26,700 $194,700
03-29-2002 2110556 Expired Active Expired $125,000 $106,000 $131,000 $25,600 $105,400
03-28-2002 2110556 Pending Expired In Escrow Not Showing $125,000 $106,000 $131,000 $25,600 $105,400
03-17-2002 2110556 Expired Active Expired $125,000 $106,000 $131,000 $25,600 $105,400
10-18-2001 2110556 New Listing Active Active $125,000 $106,000 $131,000 $25,600 $105,400

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Tax Info including a Plat Map PDF and GIS Parcel Map

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Tax Records and Property History in this Building

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Rate:
5.85% 6.10% 6.35% 6.60% 6.85% 7.10% 7.35% 7.60% 8.10%
0% Down
$2,684$2,757$2,831$2,906$2,981$3,058$3,135$3,213$3,370
3.5% Down
$2,590$2,661$2,732$2,804$2,877$2,951$3,025$3,100$3,252
10% Down
$2,416$2,482$2,548$2,615$2,683$2,752$2,821$2,891$3,033
20% Down
$2,147$2,206$2,265$2,325$2,385$2,446$2,508$2,570$2,696
30% Down
$1,879$1,930$1,982$2,034$2,087$2,140$2,194$2,249$2,359
40% Down
$1,611$1,654$1,699$1,744$1,789$1,835$1,881$1,928$2,022
50% Down
$1,342$1,379$1,416$1,453$1,491$1,529$1,567$1,606$1,685

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Crime Mapping

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Neighborhood Interview from a neighbor who lives there.

What factors influenced your decision to move to the Downtown neighborhood?

I was going to be working in Downtown, so ideally I want to live somewhere where I would be able to walk to work. I like the convenience factor of being able to walk to the grocery store, walk to Chinatown. It's just very central. We're right next to the Pali and we can easily drive to the windward side as well. Very convenient.

How does it compare to where you lived before?

We actually moved here from the mainland, from San Diego. It was very different. In San Diego, we were just a couple of hundred yards from the beach, the boardwalk. So it was a pretty vast difference.

In San Diego, you were still near the ocean. Do you consider Downtown near the ocean? Where do you go to the beach?

We drive to Ala Moana most of the time, so it's still very close. It's a couple minutes drive.

How is parking there? Is there always parking available on weekends?

In the building where we live, we always have plenty of parking. But whenever we want to go down to the beach, sometimes it would be a little bit of a struggle. We just have to get there early enough to make sure we have parking.

Do you walk or do you take the car to grocery stores? How is the traffic there if you do take the car?

I walk because the building we're in is right across Safeway, right by Nuuanu. I literally pretty much walk straight across the street and do my shopping. It's so convenient. I don't have a car, so anywhere I need to go I either walk, or I wait for my husband on the weekends and that's when we drive somewhere.

So other than getting over to Ala Moana or somewhere else on weekends, you didn't really need the car?

That's right. It actually saved us quite a bit of money.

Do you have any concerns with crime in the neighborhood?

There are some pockets where I probably would stay away from if I was going to be walking at night time. There are some areas where I wouldn't go by myself, being a woman, at night time. But in the daytime, everything is fine. I've never had any issue. I'd just recommend women to be a little bit cautious at night time about certain neighborhoods in Downtown or Chinatown to walk by themselves. But that could happen anywhere.

How is the noise level like?

In the building where we live, we're actually on the side right by the Pali, so ours is probably a little bit noisier. There are three towers in this particular building, so I think if we were at one of the other towers, it wouldn't be so noisy. We just have a little bit of traffic noise from the Pali.

You don't get noise from planes or anything, it's just mainly traffic noise?

Yes.

What are the things you like best about your neighborhood?

I particularly like the grounds of our building. We're living at Queen Emma Gardens. The grounds are amazing. We have a great pool, a nice kiddie pool, nice green garden areas to walk around. On top of that, I really like the convenience factor of not needing to have car, being able to walk to grocery shopping, walk to Chinatown, and walk to my work.

If you'd like to change something about your neighborhood, what would you like to change about it?

One of the factors for me is that I can't walk to the beach. And at night time on the weekdays, downtown kind of shuts down. It's really for the business people. It's more active in the daytime. On the weekends, they have some bars and clubs that are open. But on the weekdays, there really isn't much to do after work hours because everything shuts down after the businesses close.

What are your neighbors like? Did you get to know some neighbors?

I guess one drawback of living in a high rise is that it does seem like people are very private. They just go into their apartments and close the door. We didn't really get to know our neighbors very well. But for someone who likes to have privacy, it's maybe a good thing.

Any nearby favorite restaurants that you like to eat at?

There's a place called JJ Dolan's that has great pizza. It's like a little bar, but they're known for their pizzas. It's really good, like homemade style pizzas. There are a few bars and some nice restaurants--there's Du Vin.

You mentioned Safeway for grocery shopping. Any other places to shop nearby?

For most of my produce, it's just so much more economical to go to Chinatown. For the other goods, we have everything that we need at Safeway. There's a Longs too, so we really have everything. It's pretty convenient.

Are there any events in your neighborhood or nearby that you like to take part in?

There are, but we're not involved too much. We're just kind of getting settled here from the mainland. We're just really focusing on our work and getting relocated.

You're probably walking distance to get to see the Christmas parade, I would assume, because that kind of goes right down that street through Chinatown, past in front of the government buildings?

That's right. Unfortunately, we've never participated. But there's always a ton of things to do.

I guess Chinatown probably has some events--like Chinese New Year's, that type of thing. That's probably pretty loud.

Yes, that's true.

Would you recommend buying a condo in the downtown neighborhood?

Yes, I think for some people that would be the perfect option. For someone who works in Downtown, that would be a really convenient option. Or if they need to drive somewhere, it's still very convenient, you can get on the freeways, you can get on the Pali. It's very nice and central.

Is the biggest drawback not being able to walk to the beach? What's the biggest drawback?

It feels like it closes down after 5:00. A lot of the places would just close. Much of the activity is there during the daytime. It's just kind of strange. It's not like the typical downtown that people might be used to, like San Francisco, where it's going at all hours of the day. But it could have its benefits, too. It's a little more quiet. And there are some pockets of areas where you can find some really fun places to go to. It's a different downtown. For someone who's never been there before, I would recommend them to check it out first. They might expect it to be something like San Francisco, when it's just not.

That's a good point. For someone who's thinking about moving there, they might want to check it out in the evening, too, not just during the day, to see what's going on, that type of thing.

Right, that would be the recommendation.



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