Julie A. Black CRS, GRI, Realtor

This post is a weekly update to the July 1, 2009 list. Please scroll down to the 7/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

#1. 229 Koili Ln, Wailua Homesteads. A 3 bedroom 2.5 bath home in need of work as former owner tried remodeling rooms into studios. A great price. $297,500 MLS#225851

#2. Banyan Harbor G-80, Lihue. A 2 bedroom 2 bath fully furnished condo with partial ocean view. $250,0000. MLS#225936
#3. Nihilani at Princeville #14A. This is a 3 bedroom 2.5 newer condo in Princville. $489,900. MLS#225806
#4. 2.78 acres Kulana at Kapaa. $194,900 A low price for this CPR acreage however a large assesment will be due to pay for the roads the developers failed to do. MLS#225885.

Upcoming REO with another Broker:
#1. 5095 Panini Road, Waimea Heights. A 4 bedroom 3 bath home with sweeping ocean views of the west side. A Fannie Mae/ Freddie Mac REO.
#2. 3868 Olona St, Koloa. 3 bedroom 1.5 bath home listed at $349000. MLS# 225954. This home is actually listed but still occupied by the former mortgagors.

More banked own Kauai properties are shaking loose and being listed. Some take time to come on the market due to lenghty eviction processes. Even if the former owner has abandoned the home but some of their possesions remain the Banks usually do a personal property eviction. I am really surprised that the property on Olona Road is listed with the former mortgagors there. According to the listing broker the bank is a hedge fund and not really familiar with the processes in Hawaii. Did you see he article feauturing me and the REO Kauai real estate market in the Kauai PeopleNewspaper? If you missed it you can read it at the newspaper’s link at REOs offer buyers chance at home ownership | HonoluluAdvertiser … It’s fun to be a celebrity for a few days. 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

New Listings:

1. 4740 Hokuloa Place, Eleele. 3 bedroom 2 bath home for $309,900. Garage has been turned into a family room. Fenced MLS#225781

2. 3371 Kai Lani Place, Hanapepe. A small 4 beroom 2 bath home. $334,900 MLS# 225791.
3. 5622-K Ilena Ln., Kapaa. This is a vacant CPR lot of 5000 sqft. Ocean view. $134,000.

New upcoming REO:
1. Sun Village #312. 1 bedroom 1 bath LH condo in an adult only condo targeted towards seniors.

Price changes:
1. Mauna Ka 5A, Kao Kai Ph 1, Princeville. This 2 bedroom 2 bath condo boasts 1503 sq ft. of living area. This is the ground floor one level unit. Reduced to $259,000 MLS#223363
2. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $489,900 MLS#223366

Sold:
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. $419,900. Sold $380.000 7/10/2009 MLS#224048.

I have been busy this past week and have not much time to work on this blog. However I did have a good time in Hilo this last weekend. 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

New listings:

1. 4345 Naulu Place, Koloa. Located off of Omao Road this property is a true fixer upper. It has some nice features and it also has damage, rot and mold. It is part of a CPR. $222,750. MLS#225407

2. 1672 Kelaukia Rd in Lanai Villas in Poipu. $1,089,000. This 3 bedroom 3 bath home in the exclusive subdivision of Lanai Villas in Poipu Kai bordering the greenbelt. It is in excellent condition and is located in the VDA so vacation rentals are allowed. Steps away from the Hyatt and beach. MLS#225197

3. Kahala At Poipu Kai #113. This is a 1 bedroom 1 bath condo for $346,900. MLS#225425
4. Milia St, Kakela Makai subdivision, Kalaheo. Vacant lot of 10,758 sq.ft. MLS#225221
5. 2305 Liliuokalani St, Kilauea. 3 bedroom 1.5 bath for only $314,900. MLS#224729 Already in escrow.

Active- Current Listed Bank Owned Properties:
Homes:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718
2. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $489,000 MLS#224496. An IndyMac REO.
3. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $499,900 Countrywide REO. MLS#223366
4. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $374,410. MLS#223411
5. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $455,000 MLS#219109 Fannie Mae/Freddie Mac REO
6. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $410,500. MLS#222904.
7. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $646,050 MLS#223822.
8. 5086 Napookala Circle, Princville $814,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.
9. 4919 Aliali Road, Apopo Hale #10, Kapaa. This is a 3 bedroom 1.5 home/detached condo. Tile floor. HOA fees $251.16 monthly. Includes water, yard care and other services. MLS#225118. $219,900. (temporarily off the market)
10. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $224,900. MLS#219935
11. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 MLS#220533

Condos:
1. Mauna Ka 5A, Kao Kai Ph 1, Princeville. This 2 bedroom 2 bath condo boasts 1503 sq ft. of living area. This is the ground floor one level unit. Priced at $270,000. MLS#223363.
2. Puamana #14B, Princeville. 2 bedroom 2 bath condo for $390,000. MLS#225090
3. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
4. Kauai Beach Resort #2506 307 #2506 0/1 MLS# 223038 $219,000
5. Kauai Beach Resort #2544 320 #2544 0/1 MLS #223037 $219,000
6. Kauai Beach Resort #4110 320 #4110 0/1 MLS #223033 $239,000
7. Kauai Beach Resort #4214 360 #4214 0/1 MLS #223035 $309,000

Upcoming REOs with Kauai Dreams Realty:
1. 148 Royal Drive, Wailua Homesteads. 2 homes on the rim.- Coming up soon!
2. 229 Koili St, Wailua Homesteads. 3 bedroom 2 bath home. Almost ready to list. Soon!
3. 5796 Noni St, 4 bedroom 2 bath home. in Wailua Homesteads. Coming up soon.
4. Banyan Harbor #80 2 bedroom 2 bath condo in Lihue. Almost ready to list. Again real soon.
5. 5051 Laukona St, Hanamaulu. Large home across from the park. Coming up soon.
6. 4262 Oama Pl, Puhi area, Lihue. 3 bedroom 2 bath home with 2 car garage. Coming up soon.
7. 5622 ILEINA LN #K., Kapaa. This is a vacant CPR lot with an ocean view. Coming up soon.
8. Kula Mau’u, Kapaa. Large home. Coming up shortly.
9. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home.
10. Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa.
11. Apopo Hale, Kapaa 4 bedroom 1.5 bath CPR home. Confirmation process.
12. Plantation Hale. 1 bedroom 1 bath on the Coconut Coast.
13. 2888 Hoolako 2 bedroom 2 bath house in Lihue. Awaiting eviction.
14. Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million. Awaiting eviction.

15. Pohina St. Hanamalu Eviction process Duplex.

16. 4740 Hokuloa PL, Eleele, 3 bedroom 2 bath-almost ready to list

Upcoming REOs with other companies:
1. 3371 Kai Lani PL, Hanapepe. 4/2 residence. Coming up soon.
2. Laulea St. Eleele, 3 bedroom 1 bath home. In the eviction process
3. Lae Road, 3/2 In the eviction process.
4. Nihilani at Princeville #14A. 3 bedroom 2 bath condo. Last sales price was at $761,450. Fannie Mae owned.

In escrow:
1. Villas of Kamalii #44, Princville. A 3 bedroom 3 bath condo of 1825 sq.ft. living area and one car garage. $679,000. MLS#223314.
2. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.
3. Pono Kai #C209 2/2 Oceanfront condo. Kapaa. $424,900 MLS#218983.
4. 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
5. 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.
6. 4119 Aheahe Place, Lihue. A 2 story home with a 3 bedroom 2 bath, kitchen living room on the top story and a large family room or other bedroom downstairs along with another bath. $447,900. MLS#222896.
7. Kuhio Shores #313, Poipu Oceanfront. MLS#213644. $590,900.
8. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $499,900. MLS#215869.
9. Princeville Paniolo #103. 1/2 but set up is similar to 2 studios. $209,900. Freddie Mac.
11. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900.
12. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building $93,900. MLS#224555

Solds:
#1. 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. Sold for $410,000 6/29/2009
#2. 5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440. Sold for $320,000 6/30/2009.
#3. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO. Sold $85,900 6/9/2009
#4. 3844 Kolula Rd, Hanapepe. 3 bedroom 1 bath cute. MLS#223657 $332,000. There are 2 separate REO properties on Koula Road. Sold $341,000 6/16/2009
#5. Islander On The Beach #321 372 #321 0/1 $145,000 MLS# 217190 Sold $105,000 6/19/2009
#6. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226 . Sold for $360,000 on 6/1/2009.
#7. 276 Makani Road, Wailua Houselots 2 homes. $419,900. MLS#216350 Owned by WAMU. Sold $420,000. 6/29/2009.

There were 44 closed MLS sales for the month of June for the island of Kauai. The lowest being $85,900 and the highest being $10,000,000. Incredibly 7 of these sales were over a million dollars and 7 were REO sales. IndyMac has appreared to step up on its REO inventory. Local lenders Bank of Hawaii, First Hawaiian Bank and American Savings have not had any Kauai inventory show up on the market yet. Although there have been a few foreclosure notices from these companies in the newspaper. 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

This post is a weekly update to the June 1, 2009 list. Please scroll down to the 6/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New listings:

#1. 4919 Aliali Road, Apopo Hale #10, Kapaa. This is a 3 bedroom 1.5 home/detached condo. Tile floor. HOA fees $251.16 monthly. Includes water, yard care and other services. MLS#225118. $219,900.
#2. Puamana #14B, Princeville. 2 bedroom 2 bath condo for $390,000. MLS#225090.

New Upcoming REOs with Kauai Dreams Realty: (all IndyMac)
#1. 4262 Oama Pl, Puhi area, Lihue. 3 bedroom 2 bath home with 2 car garage.
#2. 5622 ILEINA LN #K., Kapaa. This is a vacant CPR lot with an ocean view.
#3. Kula Mau’u, Kapaa. Large home.
#4. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home.

Price Changes:
#1. Mauna Ka 5A, Kao Kai Ph 1, Princeville. This 2 bedroom 2 bath condo boasts 1503 sq ft. of living area. This is the ground floor one level unit. Priced at $270,000.
#2. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718. The interior has just been painted.
#3. 5086 Napookala Circle, Princville $814,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by BoA/Countrywide. Needs updating.
#4. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $499,900 Countrywide REO. MLS#223366

In escrow:
#1. Villas of Kamalii #44, Princville. A 3 bedroom 3 bath condo of 1825 sq.ft. living area and one car garage. $679,000. MLS#223314.
#2. Kuhio Shores #313, Poipu Oceanfront. MLS#213644. $590,900.
#3. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $646,050 MLS#223822.

Solds:
#1. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO. Sold $85,900 6/9/2009
#2. 3844 Kolula Rd, Hanapepe. 3 bedroom 1 bath cute. MLS#223657 $332,000. There are 2 separate REO properties on Koula Road. Sold $341,000 6/16/2009
#3. Islander On The Beach #321 372 #321 0/1 $145,000 MLS# 217190 Sold $105,000 6/19/2009

I’m sorry there was no update last week. (Vacation). Next week’s update will be out on July 1, 2009. The market appears to be picking up this June. There are more showings and more offers. There is some talk about Hawaii having a higher rate of foreclosures then before. Again I think this is because the banks are finally catching up to their Hawaii inventory. IndyMac appears to be stepping up on its Hawaii inventory. There have been multiple foreclosure notices in the paper & 4 new properties have come up in my queue.
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

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

Upcoming: (with another broker)

1. 7162 Aleaalea Rd, Haena. The last sales price on this large 2 building residences was $2,395,000. It is one house back from the beautiful Haena coast. There is some illegal closing in of the downstairs area which will have to be removed to make it legal and conforming. A Bank of America/Countrywide REO.

In Escrow:
1. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building 4.
2. Islander on the Beach #321. Studio condo on Kauai’s Coconut Coast. $145,000. MLS#217190
3.Kamahana #4, Princeville. 2/2 condo reduced to $328,900 MLS 220199 Owned by Countrywide.

Solds:
1. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226 . Sold for $360,000 on 6/1/2009.

Although there was only 1 closed REO sale this first week of June, there are 14 closed sales, for the island of Kauai, for the first week of June 2009. I think June will show the most closings per month for the 2009 so far. Hopefully July thorough December will keep up this trend.

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