$5,795

closing credit¹

251 Olu St Hilo, HI 96720

$488,000
3 beds
2 full, 1 partial
1,200 sqft
$407 / sqft
House

Property details

About 251 Olu St

Discover timeless island living in this 1971 single-story home located in the heart of Hilo's Waiakea Homestead Houselots. Offering approximately 1200 sq ft of living space on an 8970 sq ft lot, this residence is a blend of nostalgia and modern comfort.<br><br>Step inside to experience the warmth of authentic koa paneling and redwood, creating a cozy ambiance throughout the 3-bed, 2.5-bath interior. The single-wall construction, typical of the era, aligns with the tropical climate, allowing the cool tradewinds to naturally ventilate the home. The open layout, complemented by jalousie windows, welcomes ample natural light, creating an airy and inviting atmosphere.<br><br>The primary suite is a private retreat, featuring lighted closets and a full bath. A bonus room and a small office space add versatility to the floor plan. Outside, a large carport beckons for gatherings, and a chain-link fence with a gate provides security.<br><br>Convenience is at your doorstep with proximity to Waiakeawaena Elementary, supermarkets, convenience stores, and dining options. Explore nearby attractions like Prince Kuhio Mall, Andrews Gymnasium, and sports fields, as well as beautiful beaches in nearby Keaukaha and Hilo Bay for leisure.<br><br>Enjoy views of Mauna Kea and immerse yourself in Hilo's unique charm, characterized by historic downtown wooden storefronts, art galleries, and local boutiques. Uncover the region's rich history at the Pacific Tsunami Museum and the Lyman Museum. Enjoy the vibrant local scene with the Hilo Farmers Market and the University of Hawaii at Hilo just a short drive away.<br><br>Become part of Hilo's cultural tapestry with events like the Merrie Monarch Festival, celebrating hula and Hawaiian heritage. This home invites you to embrace the Hilo lifestyle, where classic architecture meets modern convenience in a community that celebrates the spirit of aloha.

Highlights

Home typeSingle Family Residence
StatusAccepting Backup Offers
(Contingent)
Size1,200 sqft
Year built1971
ParkingCovered
MLS #705727

Summary

  • MLS Number: 705727
  • Office Name: COMPASS

IDX © 2025 MLS Hawaii, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.

Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

caption unavailable

$488,000

251 Olu St

$5,795

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 14, 2024
Home Sold
$480,000
Apr 26, 2019
Home Sold
$220,000
Nov 17, 2005
Home Sold
$310,000

Tax history

YearAssessmentProperty Tax
2024$341,300$1,326
2023$331,400$1,322
2022$321,700$1,337
2021$312,300$1,290
2020$303,700$1,248
2019$271,200$2,564
2018$231,000$2,520
2017$227,100$2,520

History based on county public records data.

Nearby schools

8

Waiakeawaena Elementary School

Public District PK-5

0.1 mi

2420 Kilauea Ave

5

Waiakea Elementary School

Public District PK-5

1.0 mi

180 W Puainako St

4

Chiefess Kapiolani Elementary School

Public District PK-6

2.3 mi

966 Kilauea Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $71,717. Residents of Hilo, HI typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

22%
<35k
49%
35k-100k
27%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

47%
Single, No Kids
12%
Single, with Kids
27%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
9%
12-17 yrs old
22%
18-34 yrs old
37%
35-64 yrs old
19%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • Bonefish GrillBonefish Grill
  • ChipotleChipotle

What do the neighbors drive?

  • BuickBuick
  • LincolnLincoln
  • MazdaMazda

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • ClassicalClassical
  • RockRock
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

Living in Hilo, HI

About 251 Olu St

This home is located at 251 Olu St in Hilo, HI and zip code 96720. This 1,200 square foot home was built in 1971. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 20, 2023 and is currently priced at $488,000.

The number of listings in Hilo, HI increased by 21.2% between December and January 2025. The median list price of listings available in January 2025 was $625,000, while the average time on the real estate market was 212 days.

From Rocket Homes Real Estate and based on county public records data.

More resources