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Kilauea, HI

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May 11, 2009 Kauai REO Foreclosure Update List

05-11-09
Julie A. Black CRS, GRI, Realtor
Julie A. Black CRS, GRI, Realtor : Real Estate Agent in Kapaa, HI
  • view my blog
  • Office: (808) 822-7774
  • Mobile: (808) 652-6174
  • Secondary: (808) 822-1991

This post is a weekly update to the May 1, 2009 list. Please scroll down to the 5/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:
mkokaali-022.jpgmkokaali-013.jpgoka
#1. 2374 Oka St, Kilauea, HI This 3 bedroom 2 bath home is set up as a 2/1 & 1/1 as the interior stairway is block. You can unblock it and use it as a single family residence. Otherwise it’s pretty much in move in condition. $419,900. MLS#224048
#2. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $679,000 MLS#223822.

Price Changes:
1.924 Niulani, Oceanfront Kapaa. A 2 bd 1 bth home on a 12,613 sq.ft. lot for $749,900. MLS#221563
2.5086 Napookala Circle, Princville $842,900 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.
3.3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $532,900 Countrywide REO. MLS#223366
4.Kamahana #4, Princeville. 2/2 condo reduced to $328,900 MLS 220199 Owned by Countrywide.

In escrow:
1. 5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440.
2. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.
3. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO.
4. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900.

Back on the Market:
1. 4368A Puuwai Rd Kalaheo. This 2 bedroom 1 bath home is located on an 1/4 CPR lot. The downstairs was in the process of being remodeled but not completed and it appears no permits were pulled. Only $290,000. MLS# 221776.

All available properties with MLS numbers can be plugged into my website at www.kauaidreams.com for more info and pictures. Or feel free to call or email me at julie@hisemail.net with any questions you might have or an appointment to see these properties. ALOHA JULIE

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March 16, 2009 Kauai REO Foreclosures Update

03-15-09
Julie A. Black CRS, GRI, Realtor
Julie A. Black CRS, GRI, Realtor : Real Estate Agent in Kapaa, HI
  • view my blog
  • Office: (808) 822-7774
  • Mobile: (808) 652-6174
  • Secondary: (808) 822-1991

March 16, 2009 Kauai, Hawaii Foreclosures REO Update

New Listings:
keneke frontkeneke backinterior2
2469 Keneke St, Kilauea. Spacious 4 bedroom 2 bath home. The upstairs includes 3 bedroom 1 bath and the downstairs living area accessed through the garage is a 1 bedroom 1 bath setup. $409,900. MLS#222187.

In escrow Listings:
#1. 383 Laaukea, Wailua Houselots. 3 bedrooms 2 baths $350,000. MLS#221886.

New Upcoming REOs:
#1.Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million.
#2. Pua Nani St, Lihue. A 4 bedroom 2 bath home with office enclosed garage, patio and a large kitchen.

Sold Listings:
#1. 5120 Haleilio Rd, Wailua Houselots, 3 bedroom 1.5 bath on a large lot of 16316 sq.ft. MLS#220517 $399,900 Sold for $395,000 CNV. 3/10/2009.
#2. 4717 A Anahola Rd. A 3/2 home in Anahola next to the park. $300,900. Sold for $300,900. Cash. 3/9/2009
#3. 4062 Blackstad Road, Lawai AKA 4031-L Off Koloa Road. 2 homes and a cottage on 1.28 acres. These homes need work. REDUCED to $599,900. Sold for $600,000 Cash 3/11/2009.

Just in case you are new to my blog this is a weekly update that is a supplement to the monthly update. Please scroll down below for the complete list of Kauai REOS. The County of Kauai Housing Office is awaiting the signed agreement with the State of Hawaii for its share of the economic stimulus funds. The County will then be able to purchase REO (bank owned) homes for low inome qualified buyers. These specific funds will only be available to purchase affordable REOs, no million dollar homes or private owner homes. It will be intereting to see how these funds will affect the market. If you have any questions about these properties or any other property on Kauai feel free to email me atjulie@hisemail.net or call me at 808 652-6174. You can also find more info and photos on any property by plugging in the MLS number on my web site at www.kauaidreams.com Aloha Julie.

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Is this the limbo or what?

12-17-08
Ronnie Margolis, Kauai Realtor®, CDPE, ABR, RA - On Top of the Aloha Beat
Ronnie Margolis, Kauai Realtor®, CDPE, ABR, RA - On Top of the Aloha Beat: Real Estate Agent in Kapaa, HI
  • view my blog
  • Office: (808) 822-5433
  • Mobile: (808) 346-7095

When I was a kid when i went to parties we used to do a dance called the limbo. Two people would hold a post or rod or something and the person dancing would contort themselves and attempt to scoot under the "limbo bar". Each time the bar would be lowered until one could not go under it. For three days in a row, I have been bombarded by lenders promoting their new lower, lower, lowest rates. Could we begin to see interest rates in the 2's or 3's. Kind of like the limbo, the question is "how low can you go?"

Here's a little graph and comment from my friends at Central Pacific Bank about the rates and the status of their current rates as of yesterday.

Of course on Kauai, where the median price is still above $500,000, many of our buyers need JUMBO loans, and when it comes to the jumbo market, I don't quite see the lenders doing the limbo. Eventually I am hopeful that the jumbo loan market will free up and those rates will head south as well.

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December 2008 Kauai REO Foreclosure Update

12-02-08
Julie A. Black CRS, GRI, Realtor
Julie A. Black CRS, GRI, Realtor : Real Estate Agent in Kapaa, HI
  • view my blog
  • Office: (808) 822-7774
  • Mobile: (808) 652-6174
  • Secondary: (808) 822-1991

December 1, 2008

December 2008 Kauai REO Foreclosure Update

Foreclosure Activity lulled for a little bit and then picked up on Kauai last month. Here is this month’s update with commentary after:

Listed since November updates:

Ioela2
1.2242 Ioela St.,Kilauea, 3 bedroom 2 bath home with enclosed garage studio. Has curb appeal. Originally listed at $493,500 already reduced to $468,900. Photo above.
2.Regency at Huleia. Newer 2 bedroom 2.5 bath town home in Lihue. Granite slab countertop in kitchen, and other upgrades. Pool on project Listed at $415,625.

Still Listed with price updates:

1.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $185,900. MLS#217159 Chase REO
2. 4031-(off Koloa Rd) aka 4062 Blackstad Rd, Koloa.2 homes and a cottage on 1.28 acres in Lawai. MLS#213597 Fixer $629,900.
3. HaleLani Village at Puhi #Z101. 2 bedroom 2 bath condo for $220,000. Owned by Fannie Mae. MLS#217388
4. Emmalani Court #412, Princeville. 2 bedroom 2 bath condo owned by FannieMae $560,000. MLS#216880
5. 4540 Waiakalua St., Kilauea. This 3 bedoom 2 bath home is located on 2 acres of Fruit bearing trees in the Kilaua Farms subdivision on the north shore. Priced at $729,900 MLS#217182. See previous blog for photos.
6. 5013-D Moa Road, Kapaa. An incompleted craftsman house. See October 2008 blog for photos. $300,000. MLS#216449
7. 276 Makani Road, Wailua House lots. Two dwellings on this property and a lot of illegal units reduced to $449,900. MLS#2163504.
8. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Owned by Countrywide Reduced to $768,900. MLS#2170175.
9.4588 Kuilei St, Lawai, 3/2 home in Lawai Valley Estates. Reduced to $388,959 MLS#215332
10. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $519,500.
11. Islander on the Beach #321. studio oceanview unit. $179,500. MLS#217190
12. 2469 Keneke St, Kilauea, 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $519,500.

In Escrow:
1. 1730 PuuKaa St, Kapaa, 3/2 home owned by Wells Fargo.
2. 4313 Maka Road, Kalaheo 3/2 bedroom for $421,900. Owned by Countrywide.
3. 1632 Elika Place. 3/2 home in Kapaa.
4. 6340 Kaahele St, Wailua Homesteads. Reduced to $399,900 MLS#214615 This is by far a good deal. Offer pending senior management approval.
5. HaleLani Village P106 at Puhi. 2/1 condo.

Upcoming REOS: Not listed yet.
1. 148 Royal Drive, Wailua Homesteads
2. 5796 Noni Street, Wailua Homesteads
3. 4836A Puuwai Road, Kalaheo
4. 4119 Aheahe Place, Lihue
5. Apopo Hale #5, (Aliali Road) Kapaa
6. Hoolako Street, Lihue.
These homes are not listed yet and may or may not be available for showing. Call or email me for more information julie@hisemail.net.

14 REO homes/condos are now listed/available for sale on Kauai. This is the most ever listed on Kauai. Some REOs are priced right and sell quickly. Others take a few price reductions until they hit the right price threshold. Savvy buyers know that banks will often keep reducing their price until that threshold is met. However there are a few lenders who are not reducing their prices as quickly as they should. Some are just misinformed, due to outdated appraisals and some are just unwilling to take such a large hit. However it is not a good strategy to keep on waiting to see how low the banks will go if you are truly interested in a property. There are buyers out there who are buying when the price is right. If you need help in determining if a Kauai property is priced well, feel free to call or email me. Aloha Julie Black

Posted earlier but deleted by mistake.

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