With an asking price of $275,000, a two-bedroom, one-bathroom fee simple condominium is the lowest priced property currently on the market in Whitmore Village, an Oʻahu neighborhood located between Wahiawā and the North Shore.
Located in Lalawai Hale at 1016 Ehoeho Ave. #208, the 664-square-foot unit is ideal for a first-time homebuyer says listing agent — and owner — Attilio Leonardi, a Realtor with Team Lally with Keller Williams Honolulu.
Leonardi recently told Aloha State Daily that he has owned the property for more than 10 years. He acquired it as an investment property and has rented it out, but said he's looking to sell in order to invest in a different property outside of the Islands.
The unit includes a small kitchen, a lānai and one assigned parking. Leonardi notes that there's also street parking nearby. Although there's no in-unit laundry, Leonardi says there's a laundry room on property. The building was constructed in 1974.
According to the listing on the HiCentral MLS, the home is steps away from Helemano Elementary, minutes from Kahi Kani Park and Whitmore Community Park, and a short drive to the North Shore. Leonardi also noted the proximity to Schofield Barracks and Wheeler Army Airfield.
And because it's not inside main Wahiawā, Leonardi says you can avoid a lot of the traffic and congestion in the area, "but it's close enough where if you wanted to go to Downtown Wahiawā" for shopping and other activities, you could.
Whitmore Village, he says, is also "nice and quiet at night."
"This is your chance for genuine O‘ahu island living — blending affordability with incredible access," the listing notes.
Noting that rising insurance costs are driving condominium maintenance fees higher, Leonardi says, this property is unique in that maintenance fees total just $467.39.
"For the amount of bedrooms and the amenities and the things that you get, it's pretty reasonable."
Leonardi says the maintenance fees cover sewer, water and common area expenses, including common area insurance.
But there aren't a lot of extra amenities that drive maintenance costs higher.
"You're not going to find a workout room, pool, jacuzzi, clubhouse, none of that with this particular unit," he says. "This is [for] your everyday, working-class people, first-time homebuyer."
(ICYMI: Gov. Josh Green this week signed into law legislation that aims to stabilize the state's property insurance market. You can read more about that here).
As of Thursday, there were seven properties actively listed for sale in Whitmore Village on the HiCentral MLS. The highest-priced home is an eight-bed, three-bath property with two dwellings, listed for $1.25 million. You can check out that listing here.
Median home prices are just one way to look at Hawai‘i's real estate market — buyers, sellers and curious residents are often interested in a fuller range of real prices.
With that in mind, Aloha State Daily is looking at neighborhoods, even at single apartment buildings, to find the highest priced home on the market as well as the lowest, along with some hidden gems, so that you can see the range of what you can get for your money.
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Stephanie Salmons can be reached at stephanie@alohastatedaily.com.
