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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 $529K and median interior of 856sf.
The median price of condos sold in Metro Honolulu year-to-date (Jan 21, 2017) is $378K. In previous years it was $385K (2016), $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).
137 condos have sold in Metro Honolulu year-to-date (Jan 21, 2017). In previous years, the total number of condos sold were 2952 (2016), 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 74 days before they were sold (Jan 21, 2017). In previous years it was 89 days (2016), 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 87 days December 2016 compared to 101 days December 2015.
The ratio of Metro Honolulu condos sales price vs list price was 98.1% December 2016 compared to 97.4% December 2015.
265 Metro Honolulu condos were sold December 2016 compared to 235 condos sold December 2015.
The total dollar volume of condos currently for sale in Metro Honolulu is $1.15B and the sold dollar volume year-to-date (Jan 21, 2017) is $67.45M. In previous years sold dollar volume was $1.44B (2016), $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 #1607 , sold for $208K on Jan 20, 2017. It had 683sf of interior. 9 other recent sales include: #841 (888sf) sold for $390K on 1/20/2017. #1709 (600sf) sold for $278K on 1/20/2017. #1001 (684sf) sold for $435K on 1/20/2017. #23 (864sf) sold for $310K on 1/20/2017. #2603 (905sf) sold for $633K on 1/20/2017. #1807 (1,113sf) sold for $770K on 1/20/2017. #403 (583sf) sold for $365K on 1/20/2017. #PH2302 (1,381sf) sold for $905K on 1/20/2017. #1307 (223sf) sold for $180K on 1/20/2017.
In Metro Honolulu there is currently 930 fee simple and 196 leasehold units for sale. 606 of the condos have ocean views, 276 have Diamond Head views and 550 have mountain views.
There are 145 studio floor plans, 321 x 1 bedroom floor plans, 493 x 2 bedroom floor plans, 148 x 3 bedroom floor plans and 12 x 4 bedroom floor plans.