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Built in 1963, Studio - 2BR, Pets: OK (verify).
Ameneties include Community Laundry, Meeting Room, Pool.
Year 2014 remodeled and converted to condomenium. Sold with HCDA income and asset restrictions (no investors).
About Rycroft Terrace
Ryocroft Terrace began life as part of the well-known Pagoda Hotel. Just across the street from the main building, as well as the equally famous Pagoda Restaurant, the landowner, Kamehameha Schools sold it to developer Peter Savio in 2013 under a special agreement.
The sale specified that this be a reserved housing project, meaning that the pricing would fall within the guidelines set by that state program. In short they were affordable condos, intended to fill a great need for housing.
After extensive renovations of these residences, all built in 1963, they were put up for sale to the expected large demand, with lines to sign up for the chance to own one.
The Ryocroft Terrace condos come in layouts of Studio/1BA (304 to 312 sq ft), 1BR/1BA (495 to 616 sq ft) and finally 2BR/1BA (649 to 737 sq ft). Lanais are only on some of the units, measuring from 82 to 123 sq ft when they are present.
The location is excellent, bringing some of the most popular shopping areas in Honolulu all in easy walking distance to your home. Local favorite Don Quijote is just up the street, with Wal-Mart almost equally close in the other direction, plus Keeaumoku Street's many restaurants.
The flagship of Hawaii's malls, Ala Moana Center, is only a little further, making it an everyday trip to some of the best browsing in the Islands. Continue that way across Ala Moana Boulevard and you arrive at Ala Moana Beach Park, with its large golden stretch of sands. It's your neighborhood beach now.
Living in Ryocroft Terrace is like buying access to a part of Honolulu where everything is at your feet. Literally, because it's all in walking distance when you're here. With a price point to fit a real need for so many of us locally, too, this could be just the right fit for you.
The price range of condos for sale in Metro Honolulu is $25K to $36M with a median price of $499K and median interior of 832sf.
The median price of condos sold in Metro Honolulu year-to-date (2016) is $385K. In previous years it was $355K (2015), $340K (2014), $340K (2013), $315K (2012), $302K (2011), $310K (2010), $307K (2009), $322K (2008), $361K (2007), $290K (2006), $258K (2005), $225K (2004), $180K (2003).
2701 condos have sold in Metro Honolulu year-to-date (2016). In previous years, the total number of condos sold were 2640 (2015), 2625 (2014), 2886 (2013), 2439 (2012), 2203 (2011), 2099 (2010), 1888 (2009), 2129 (2008), 3500 (2007), 4749 (2006), 4360 (2005), 4026 (2004), 3272 (2003).
On average Metro Honolulu condos were on the market for 89 days before they were sold (2016). In previous years it was 89 days (2015), 87 days (2014), 69 days (2013), 61 days (2012), 68 days (2011), 67 days (2010), 77 days (2009), 70 days (2008), 55 days (2007), 38 days (2006), 43 days (2005), 53 days (2004), 73 days (2003).
The average days on market for Metro Honolulu condos before sold was 84 days November 2016 compared to 86 days November 2015.
The ratio of Metro Honolulu condos sales price vs list price was 98.5% November 2016 compared to 96.8% November 2015.
218 Metro Honolulu condos were sold November 2016 compared to 197 condos sold November 2015.
The total dollar volume of condos currently for sale in Metro Honolulu is $1.17B and the sold dollar volume year-to-date (2016) is $1.3B. In previous years sold dollar volume was $1.15B (2015), $1.12B (2014), $1.17B (2013), $950.04M (2012), $851.48M (2011), $830.66M (2010), $695.6M (2009), $831.02M (2008), $1.5B (2007), $1.92B (2006), $1.36B (2005), $1.08B (2004), $700.53M (2003).
The most recent sale in Metro Honolulu was a condo located at #404 The Residence at Makiki, sold for $510K on Dec 02, 2016. It had 747sf of interior. 9 other recent sales include: #2417 Ilikai Apt Bldg (500sf) sold for $625K on 12/2/2016. #3621 Island Colony (570sf) sold for $425K on 12/2/2016. #304 Coty Tower (858sf) sold for $415K on 12/2/2016. #3704 Yacht Harbor Towers (1,453sf) sold for $890K on 12/2/2016. #405 Iolani Court Plaza (1,027sf) sold for $477K on 12/2/2016. #101 Fairway Gardens (710sf) sold for $345K on 12/2/2016. #2124 Ilikai Apt Bldg (500sf) sold for $710K on 12/2/2016. #601 Waikiki Skyliner (626sf) sold for $289K on 12/2/2016. #406 1510 Liholiho (483sf) sold for $290K on 12/2/2016.
In Metro Honolulu there is currently 1,024 fee simple and 210 leasehold units for sale. 648 of the condos have ocean views, 274 have Diamond Head views and 597 have mountain views.
There are 160 studio floor plans, 365 x 1 bedroom floor plans, 551 x 2 bedroom floor plans, 142 x 3 bedroom floor plans and 10 x 4 bedroom floor plans.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 03, 2016. Information is deemed reliable but not guaranteed.