$7,719 Closing Credit¹
#717952, Listing Office: Aloha Land Realty
$488,000 List price
251 Olu St Hilo, HI 96720
$5,795
Closing credit¹
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)
(Contingent)
Size1,200 sqft
Year built1971
ParkingCovered
MLS #705727
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: None
- Flooring Type: Carpet
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Covered
- Heating: None
- Cooling: None
- List Price: $488,000
- Price/SqFt: $406
- Annual Tax Amount: $1,326
- Tax Year: 2024
- Lot: Gentle Sloping, Level, Sloped
- Year Built: 1971
- Living Area: 1,200 SqFt
- MLS Number: 705727
- Office Name: COMPASS
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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: 5/2/2025, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$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
| Date | Event | Price |
|---|---|---|
| Mar 14, 2024 | Home Sold | $480,000 |
| Apr 26, 2019 | Home Sold | $220,000 |
| Nov 17, 2005 | Home Sold | $310,000 |
Tax history
| Year | Assessment | Property 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.
Neighborhood
The neighbors living near this home have an average income of $71,717. Typical income of Hilo, HI residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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 Races
PGA/LPGA
Hiking/backpacking
Where do the neighbors shop?
Stein Mart
Nordstrom Rack
Sam's Club
Where do the neighbors go to eat?
LongHorn Steakhouse
Bonefish Grill
Chipotle
What do the neighbors drive?
Buick
Lincoln
Mazda
What do the neighbors listen to?
Contemporary Inspirational
Classical
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Hilo, HI
Transportation in Hilo includes a public bus system that connects residents to key areas within the town and surrounding regions. While schedules vary, the bus service provides a reliable option for those without private vehicles. The area is moderately walkable, particularly in the downtown district, where shops and restaurants are concentrated. For longer distances, a network of roads and highways connects Hilo to other parts of the Big Island, and the Hilo International Airport facilitates air travel. Ride-sharing services are available, complementing the existing transportation options.
The community is served by a network of public and private educational institutions, ensuring a range of options for families. Healthcare services are available through local clinics and the Hilo Medical Center, which provides comprehensive care including emergency services. The public library system supports the town's educational and cultural needs. Retail and dining establishments offer a taste of local flavors and crafts, reflecting the diverse cultural influences of Hilo. City initiatives aim to maintain and improve these services to accommodate the needs of a growing population.
Hilo is celebrated for its laid-back atmosphere and rich cultural heritage. The community prides itself on its strong ties to native Hawaiian traditions and the spirit of Aloha. Residents and visitors alike enjoy the town's vibrant festivals, including the renowned Merrie Monarch Hula Festival, which showcases the island's deep cultural roots and artistic expression. The area's natural beauty, with its lush landscapes and nearby waterfalls, contributes to a serene and inviting community character.
Hilo offers a diverse range of housing options, from charming bungalows to spacious contemporary homes. The housing landscape is characterized by a mix of single-family residences and multi-family units, with single-family homes making up a significant portion of the market. Architectural styles reflect the island's unique cultural blend, with influences ranging from plantation-style to modern Pacific designs. The area has seen a range of development periods, with many homes dating back to the mid-20th century, providing a sense of historical charm.
About 251 Olu St
The listing price of 251 Olu St property is $488,000.
The property 251 Olu St is a house located in Hilo, Hawaii, 96720.
Accepting Backup Offers: 251 Olu St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 251 Olu St are: Waiakeawaena Elementary School (GreatSchools Rating 8/10), Waiakea Elementary School (GreatSchools Rating 5/10), Chiefess Kapiolani Elementary School (GreatSchools Rating 4/10), Waiakea Intermediate School (GreatSchools Rating 4/10), Hilo Intermediate School (GreatSchools Rating 7/10), Keaau Middle School (GreatSchools Rating 3/10), Waiakea High School (GreatSchools Rating 7/10), Connections - New Century Public Charter School (GreatSchools Rating 4/10), Hilo High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $1,326 (source: MLS/based on county public records data).
The last sale was on March 14, 2024 for $480,000 (source: MLS/tax record).
The property at 251 Olu St has 3 bedrooms and 2 full and 1 half bathrooms.
The property 251 Olu St is 1,200 SqFt (source: MLS/tax record).
The year of construction for 251 Olu St is 1971.
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.
Between March and April 2025, Hilo, HI real estate market has seen increase in the number of listings by 11.8%. The median list price of listings available in April 2025 was $628,500, while the average time on the real estate market was 239 days.
From Rocket Homes Real Estate and based on county public records data.