What a great location for this light-filled Hilo home! It's close to historical Hilo town, close to all medical facilities, close to the library and Rainbow Falls, and about ten minutes to Honolii surfing beach, the University, and the airport. The exterior of the home offers a clean, fresh bungalow design with a hip roof. Inside, the structure feels solid and spacious, with a wide hallway connecting three bedrooms and two bathrooms. The kitchen offers a large pantry, and there's an expansive covered back lanai, overlooking the fenced back lawn. While the home is in move-in ready condition, there's still room for new owners to make it their own. The outside laundry room comes with washer and dryer and there are two carports. Sitting at the end of a short and peaceful no-through street in a welcoming community of friendly neighbors, this property is a must-see; not to be missed.
Single-familyProperty Type
1997Year Built
10,856 sq ftLot Size
$401Price/Sq.Ft.
Listed by Ainslie Schmidt• RE/MAX Properties
Listed by Chantee Shiroma• RE/MAX Properties
Contact: 8089384433
Bought with Tyler Bergman• Coldwell Banker Island Properties - Hilo
Est. $2,363 per month, based on comparable rentals
Sale and tax history for 40 Spring St
Sale History
Tax History
Date
Event
Price
HI Information Service #727071
Mar 13, 2026
Sold
$520,000
$401/sq ft
Feb 3, 2026
Contingent
—
Jan 12, 2026
Listed
$529,000
$408/sq ft
APPFOLIO #1
Jul 17, 2024
Rental Removed
$2,500
$2/sq ft
Jul 8, 2024
Listed for Rent
$2,500
$2/sq ft
Public Records
Oct 26, 2001
Sold
$140,000
$108/sq ft
Public Records
Jun 18, 1999
Sold
$128,000
$99/sq ft
Public Records
Jul 25, 1995
Sold
$55,000
$42/sq ft
Public Records
Mar 2, 1995
Sold
$91,500
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$956 (+4.0%)
$46,600 + $216,600
$263,200
2024
$919 (+0.6%)
$46,600 + $208,900
$255,500
2023
$913 (−2.8%)
$46,600 + $208,900
$255,500
2022
$939 (+3.8%)
$46,600 + $201,500
$248,100
2021
$905 (+3.8%)
$46,600 + $194,300
$240,900
2020
$871 (+3.9%)
$46,600 + $187,300
$233,900
2019
$839 (+3.9%)
$46,600 + $180,500
$227,100
2018
$808 (+4.0%)
$46,600 + $173,900
$220,500
2017
$777 (+4.1%)
$46,600 + $167,500
$214,100
2016
$746 (+8.1%)
$46,600 + $161,300
$207,900
2014
$690 (+4.1%)
$46,600 + $143,600
$190,200
2013
$663 (+15.5%)
$46,600 + $143,600
$190,200
2012
$574
$46,600 + $138,100
$184,700
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
10,846 Sq. Ft.
Year renovated
1997
Sq. Ft.
1,296
Year built
1997
Style
Single Family Residential
County
Hawaii County
APN
3230340330000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 17, 2026.
RS-7.5
Single-Family Residential District - 7,500 sq ft
The RS (single-family residential) district provides for lower or low and medium density residential use, for urban and suburban family life. It applies to areas having facilities, and to carry out the above stated purpose.
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Senior
Bed & breakfast
Public service
Agriculture-Cropland
Park & open space
Aug 1, 2011 • Final
Residential single family electrical
Install a photovoltaic power system.
Electrical
Solar
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking
Features: Detached
Interior
Bathroom Information
# of Bathrooms (Total): 2
# of Full Bathrooms: 2
Interior Features
Flooring: Carpet
Exterior
Land Information
Agriculture Dedicated YN: No
Lot Information
Land Tenure: Fee Simple
Lava Zone: 3
Zoning: RS-7.5
Property Information
Ownership: Full
Financial
Assessment
Assessed Value: $263,200
Tax Information
Home Exemption Amount: $102,600
Annual Amount: $955.57
Tax Year: 2025
Lease Information
In Use As Short Term Vacation Rental: No
Utilities
Utility Information
Power Production Type: Photovoltaics
Internet Access: Cable
Utilities: Cable Available, Electricity Available, Phone Available, Water Available
Sewer: Cesspool
Water Source: Public
Solid Waste Disposal: Other (remarks)
Location
Location Information
Roads: Paved
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,296
Stories: 1.0
Lot Size: 10,846 square feet
Style: Single Family Residential
Year Built: 1997
Year Renovated: 1997
County: Hawaii County
APN: 3230340330000
Home facts updated by county records on Jul 17, 2026
Around this home
Schools
Hilo Union Elementary School
Public PreK-6 • Assigned • 0.8mi
8/10
Hilo Intermediate School
Public 7-8 • Assigned • 0.6mi
8/10
Hilo High School
Public 9-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
Fire Factor
We're working on getting current and accurate fire risk information for this home.
Heat Factor
We're working on getting current and accurate heat risk information for this home.
Wind Factor
We're working on getting current and accurate wind risk information for this home.
1/10 Air Factor
Minimal risk of unhealthy air over next 30 years
Provided by First Street
Historical weather
Hilo, HI • 96720
Average low and high temperatures (°F)
78
64
77
63
78
65
80
66
79
66
80
68
81
68
82
68
82
68
81
68
79
66
79
64
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 6.8 hours in
June and 5 hours in December, placing it below the
U.S. average for solar exposure.
6.8 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$593,000 – $718,000
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