Under contract

$435,000

54 Derby Ln, Hilo, HI 96720

3beds

880sqft

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Single Family Residence

Built in 1967

3,600 Square Feet Lot

$419,800 Zestimate^®

$494/sqft

$-- HOA

What's special

Historic bayfront

This charming Hilo residence stands proudly in the heart of town, quietly nestled near the historic bayfront and just minutes from the Hilo Farmer's Market, UH Hilo, shops, cafes, and schools. The 3-bedroom, 1-bath home sits on one of two side-by-side lots, both zoned Duplex/Double-family (RD-3.75), offering flexibility and options. Both parcels included in the listing price. This rare in-town opportunity is ideal for those looking to customize a property with potential for a variety of residential uses. Enjoy the lush Hilo climate and the convenience of nearby parks, beaches, and essential services all in an established neighborhood. Listing must be sold with parcel -047.

307 days

391

6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Appliances

Included: Dishwasher, Range, Refrigerator, Washer/Dryer Stacked

Features

Has fireplace: No

Interior area

Total structure area: 880
Total interior livable area: 880 sqft

Property

Parking

Parking features: None

Lot

Size: 3,600 Square Feet
Features: Grassy, Rocky

Details

Parcel number: 3220190450000
Zoning: RD-3.75
Special conditions: Fee Simple,Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Year built: 1967

Utilities & green energy

Utilities for property: Electricity Available, Phone Available, Sewer Connected

Community & HOA

Community

Subdivision: FAIRWIEW LOTS

Location

Region: Hilo

Financial & listing details

Price per square foot: $494/sqft
Tax assessed value: $249,600
Annual tax amount: $1,485
Date on market: 9/4/2025
Listing terms: Cash,Conventional
Ownership: Full
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$419,800

$399,000 - $441,000

$2,083/mo

Price history

Date	Event	Price
6/27/2026	Contingent	$435,000$494/sqft
Source: Hawaii Information Service #723760 Report a problem
9/27/2025	Price change	$435,000-3.3%$494/sqft
Source: Hawaii Information Service #723760 Report a problem
9/4/2025	Listed for sale	$450,000+41.7%$511/sqft
Source: Hawaii Information Service #723760 Report a problem
10/5/2021	Sold	$317,500-2.3%$361/sqft
Source: Hawaii Information Service #652482 Report a problem
8/3/2021	Contingent	$325,000$369/sqft
Source: Hawaii Information Service #652482 Report a problem
7/28/2021	Listed for sale	$325,000+550%$369/sqft
Source: Hawaii Information Service #652482 Report a problem
5/20/2005	Sold	$50,000$57/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$127,700
2024	$1,417	$127,700
2023	$1,417	$127,700
2022	$1,417 +11.8%	$127,700 +11.8%
2021	$1,268 +15%	$114,200 +15%
2020	$1,102 +43.5%	$99,300 +43.5%
2019	$768 +32.8%	$69,200
2018	$578 +10.4%	$69,200 +32.8%
2017	$524	$52,100
2016	--	$52,100
2015	--	$52,100
2014	--	$52,100

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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