Kauai Real Estate REOs & Foreclosures

Upcoming REOs- Not Yet Listed-with Kauai Dreams Realty

Across the roadway from Anahola Beach.

#1. 4217 A Anahola Road. Next to the soccer park. Nees a lot of work.
#2. 5733 A Kuamoo Road, Wailua. 2 bedroom 2 bath with a small yard.
#3. 4836A Puuwai Road, Kalaheo. 2 bedroom 1 bath home.
#4. 5796 Noni, Wailua Homesteads, Kapaa. 5 bedroom 3 bath home.
#5. Hoolako, Lihue. Nicer home in eviction process.
#6. 148 Royal Drive. over 1 acre on the rim in Wailua w/ two homes.

Upcoming REOs with other Brokers.
#1. 4801 Lae Road #4, Kalaheo. 3/2 CPR on a half acre.
#2. Lae Road, 3/2 In the evoiction process.
#3. Apopo Hale #5. 3/1.5 home in Kapaa.
#4. Kawaihau Sports Villas. J201 2 bedroom 2 bath condo.
#5. Aheahe Pl, Lihue 4 beroom 3 bath home.

Active listed Kauai, Hawaii REOs: (with all brokers)
#1. Pono Kai #C209 2/2 Oceanfront condo. $547,900 MLS#218983. Owned by Countrywide.
#2. 5013 D Moa Road reduced from $300,000 to $260,000. MLS#216449.
#3. 4540 Waiakalua St., Kilauea reduced to $669,900. MLS#217182. Owned by WAMU
#4. 276 Makani Road, Wailua Houselots to $419,900. MLS#216350 Owned by WAMU
#5. Kuhio Shores #313, Poipu to $655,900 MLS#213644 Owned by Countrywide.
#6.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $174,900. MLS#217159 Chase REO
#7. 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. Owned by Carrington Mortgage.
#8. HaleLani Village at Puhi #Z101. 2 bedroom 2 bath condo for $206,900. Owned by Fannie Mae. MLS#217388
#9. Emmalani Court #412, Princeville. 2 bedroom 2 bath condo owned by FannieMae $560,000. MLS#216880
#10. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Owned by Countrywide Reduced to $717,900. MLS#2170175.
#11. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $479,500.
#12. Islander on the Beach #321. Studio oceanview unit. $179,500. MLS#217190. Owned by CPHL
#13. Islander on the Beach #126. Oceanfront unit. $240,0000. MLS#218530. Owned by CPHL
#14. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $668,000 MLS#219109 Fannie Mae/Freddie Mac REO
#15. Regency at Huleia #21 2/2.5 bath Lihue condo. $400,600. MLS#218226
#16 Plantation at Princeville #422 3/3/ condo for $559,900. MLS#218569
#17. 2242 Ioela St, Kilauae, 3/2 home for $445,500. MLS#217056.
#18. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Owned by Countrywide.

The list of Kauai REOs is growing. Photos of these REOs or bank owned properties can be sen by going to my web site www.kauaidreams.com and plugging in the MLS#. Of course you can always email me julie@hisemail.net or call 808 652-6174 for more information. Aloha Julie

Here is a list of upcoming REOs (bank owned) to be listed with Julie Black of Kauai Dreams Realty.

Kuamoo Road photos: Granite countertops & a small yard that needs to be mowed.

#1.5773A Kuamoo Road, Wailua Homesteads.
#2. 5796 Noni Street, Wailua Homesteads
#3. 4836A Puuwai, Kalaheo
#4. Hoolako Street, Lihue (street address being withheld until eviction is completed)
#5. 148 Royal Drive, Wailua Homesteads

Upcoming Foreclosures… REOS coming up with other Brokers.
#1. Aheahe Place, Lihue 4/3 home.
#2. Kawaihau Sports Villas J201 2/2 condo.

Active listed Kauai, Hawaii REOs: (with all brokers)
#1. Brand new: Pono Kai #C209 2/2 Oceanfront condo. $594,900 MLS#218983. Owned by Countrywide.
#2. 5013 D Moa Road reduced from $300,000 to $260,000. MLS#216449.
#3. 4540 Waiakalua St., Kilauea reduced to $699,900. MLS#217182. Owned by WAMU
#4. 276 Makani Road, Wailua Houselots to $419,900. MLS#216350 Owned by WAMU
#5. Kuhio Shores #313, Poipu to $655,900 MLS#213644 Owned by Countrywide.
#6.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $185,900. MLS#217159 Chase REO
#7. 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. Owned by Carrington Mortgage.
#8. HaleLani Village at Puhi #Z101. 2 bedroom 2 bath condo for $206,900. Owned by Fannie Mae. MLS#217388
#9. Emmalani Court #412, Princeville. 2 bedroom 2 bath condo owned by FannieMae $560,000. MLS#216880
MLS#216449 Reduced 12/4/08 to $260,000
#10. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Owned by Countrywide Reduced to $717,900. MLS#2170175.
#11. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $479,500.
#12. Islander on the Beach #321. Studio oceanview unit. $179,500. MLS#217190. Owned by CPHL
#13. Islander on the Beach #126. Oceanfront unit. $240,0000. MLS#218530. Owned by CPHL
#14. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $668,000 MLS#219109 Fannie Mae/Freddie Mac REO
#15. Regency at Huleia #21 2/2.5 bath Lihue condo. $400,600. MLS#218226
#16 Plantation at Princeville #422 3/3/ condo for $559,900. MLS#218569

Kauai, Hawaii, REOs In escrow:
#1. 4588 Kuilei St, Lawai, 3/2 home in Lawai Valley Estates. Reduced to $388,959 MLS#215332
#2.1683 Elika Place, 3/2 Kapaa. $407,500.
#3. 4313 Maka Rd, Kalaheo 3/2 $421,900. Owned by Countrywide
#4. Halelani Village P206 2/1 Lihue condo. $159,900.
#5. 6420 Kaahele St. Wailua. 3/2 home $399,900.

To see photos of all the listed Kauai, Hawaii REOs (bank owned properties) you can go to my website at www.kauaidreams.com and insert the MLS# on the MLS property search. Call 808 652-6174 or email me julie@hisemail.net if you want to make an appointment to see these properties or if you have a questions about these properties. Aloha Julie Mele Kalikimaka & Hau’oli Makahiki Hou.

Milton “Jojo” Caspillo of M. Caspillo Construction 808 639-2165 building Santa a new sleigh.

Here are a few price changes:

MOA ROAD INTERIOR

#1. 5013 D Moa Road got reduced from $300,000 to $260,000. MLS#216449
#2 4540 Waiakalua St., Kilauea reduced to $699,900. MLS#217182. Owned by WAMU
#3. 276 Makani Road, Wailua Houselots to $419,900. MLS#216350 Owned by WAMU
#4. Kuhio Shores #313, Poipu to $655,900 MLS#213644 Owned by Countrywide.

More photos and info can be obtained by visiting my web site at www.kauaidreams.com and plugging in the corresponding MLS number or email me with specific questions julie@hisemail.net

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:

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. MLS#216449 Reduced 12/4/08 to $260,000
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

It appeared for a couple of weeks that no new REOs were coming on the market. But the lull was just temporary. Here are two new bank owned houses that will be coming on the market soon.

4836A Puuwai Road, Kalaheo. This house will be listed with Julie Black (R) Kauai Dreams Realty. No price yet.

4119 Aheahe Pl, Lihue. This is a two story house with a 3 bedroom 2 bath home on top and a family room with bath or studio on bottom. Cul-de-sac location. Fannie Mae/Freddy Mac foreclosure/owned.

There are no more price changes since my last update or posting from the begining of the month. However email me if you would like to know the prices of the above mentioned REOs when they do get listed. Aloha Julie julie@hisemail.net

Back on the Market:

1. 4062 Blackstad Road aka 4031-L Koloa Rd (Off of). This REO has two homes and a cottage on 1.28 acres in Lawai. The homes need a lot of work as one was in the process of remodeling and was in just a real fixer. The location is great with views. $629,900 MLS#213597. Listed with Julie Black (R)

Price reductions:
1. 276 Makani Road. Wailua Houselots, Kapaa. $449,000. MLS#216350
2. 4588 Kuilei, Lawai Valley Estates. $388,959. MLS#215332

I will update this blog periodically but call or email if you have questions. Aloha Julie Black julie@hisemail.net

Its a few days until November but New REOs have come up and are selling fast. Here’s the  list. I will save my editorial for the end of the blog.

New Kauai REOs:

1. 4540 Waiakalua St., Kilauea. Photos above. 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.
2. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) $195,900. MLS#217159
3. 4313 Maka Road, Kalaheo 3/2 bedroom for $421,900. Owned by Countrywide. In escrow.
4. Hale Lani Village at Puhi #Z101. 2 bedroom 2 bath condo for $220,000. Owned by Fannie Mae. MLS#217388
5. Emmalani Court #412, Princeville. 2 bedroom 2 bath condo owned by FannieMae $560,000. MLS#216880

Still Available:
1. 5013-D Moa Road, Kapaa. An incompleted house. See previous blog. $300,000. Owned by Wells Fargo. MLS#216449.
2. 6340 Kaahele St, Wailua Homesteads. Reduced to $399,900 MLS#214615 This is by far a good deal. There has been no sales in this subdivision below 400K in the past 4 years.
3. 276 Makani Road, Wailua House lots. Two dwellings on this property and a lot of illegal units for $499,900. MLS#2163504.
4. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Owned by Countrywide $779,900. MLS#2170175. 
5. 4588 Kuilei St, Lawai, 3/2 home in Lawai Valley Estates. $408,905 MLS#215332
6. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $519,500.

REOs in Escrow: Prices are listed prices not necessarily sale prices.
1.1730 Puu Kaa St, Kapaa 3/2 $334,900 Listed by Julie Black. Owned by Wells Fargo
2. 1683 Elika Pl, Kapaa 3/2 $407,500. Listed by Julie Black
3. 4062 Off Koloa Road (Blackstad Road) 2 homes on 1.28 acres. $629,900 Listed by Julie Black.
4. Hale Lani Village P106, Lihue, 2/1 condo. Listed at $159,900.
5. 4272 Kailewa St., Hanamaulu. Countrywide REO $403,900.

As I predicted in my earlier blogs more REOs are coming on the market as lenders are now catching up to their Hawaii inventory. I expect in to be this way for approximately another 9 months before the REOs start tapering off. The good news is that their are buyers. Buyers are realizing that this is most likely the bottom of the market. We are seeing more sales to first time home buyers and savy investors. Hawaii Banks fortunately have money to lend. Please email me julie@hisemail.net or call 808 652-6174 if you have any questions about these or any other REOs.

Countrywide foreclosed home in Princeville , Kauai, Hawaii came on the market yesterday. It is located at 5143 Iolani Place. Princeville is a Planned Unit Development on Kauai’s northshore. This is a 3 bedroom 2 bath home of approximately 2224 sq.ft living area on a lot of approximately 10,907 sq.ft. Priced at $779,900. here is a photo from a previous listing of the home.

Other updates include recent escrows.
The following REOs are in escrow  Prices are listed not necessarliy sale prices:
1. 1236 Milia St, Kakela Makai. Kalaheo Vacant lot listed at $229,9002.
2.1730 Puu Kaa St, Kapaa 3/2 SFR for $334,9003.
3.1683 Elika Pl, Kapaa, 3/2 for $407,5004.
4.Hale Lani Village at Puhi 2/1 for $159,9005.
5.4272 Ka’ilewa St, Hanamaulu 3/1.5 for $403,900

New & Upcoming REOS: No prices yet but contact me if you want more info on these two upcoming Bank REOS.
5796 Noni St, Wailua Homesteads
4540 Waiakalua St #1, Kilauea

As this update shows most of the REOs are selling quickly when priced right. It is best to be prepared when shopping for a REO bank foreclosed home and know the buying procedures. Call or email me if you have any questions. 808 652-6174-cell julie@hisemail.net Aloha Julie

Here’s Octobers list of REOs. I will update it as the month progresses. Its hard to say how Hawaii’s Act 137, the Mortgage Rescue Fraud Prevention Act, will effect the Hawaii market. The act designed to protect Hawaii consumers from persons who prey on homeowners who face property foreclosures may actually encourage more foreclosures as real estate agents and brokers are not exempt from the act. Under this act real estate agents & brokers can not have their actions be that of a “Distressed Property Consultant” unless they are willing to take the liability & limitations in pay that is mandated under this act. One of the results will be fewer agents will be willing to be involved in a short sale situation where prior to the act agents were very involved with Bank negotiations. Although well intentioned a negative effect of Act 137 will be the lack of agents willing to be involved in short sales and more properties may be heading for foreclosure. Contact me if you need more info on Act 137 or other questions about Hawaii foreclosures and REOs.
Aloha Julie Black

New REOs On The Market

Cedar ceiling detail

#1. 5013-D Moa Road, The house plans have this as a 3/2 but 1 bedroom and 1 bath is not framed/plumbed in. Partially completed house in Kapaa on a lot of 10059 sq.ft. Kapaa MLS#216449 $300,000.
#2. 1653 Elika Place, 3 bedroom 2 bath. $407,500. Already in escrow. Kapaa
#3. 1730 Puu Kaa, 3/2 Kapaa. MLS#216539 $334,900. Wells Fargo REO. You must prequalify with them to submit an offer. 10/8/08-in escrow
#4. 276 Makani Rd, Wailua Houselots. A large lot of 15090 sq.ft. with 2 dwellings of multiple bedrooms, bath rooms and rentals. MLS#216350. $499,900.

Price reductions:
#1. 4031-(off Koloa Rd) aka 4062 Blackstad Rd, Koloa. 2 homes and a cottage on 1.28 acres in Lawai. MLS#213597 Fixer reduced to $669,900. 10/9/08 Reduced to $629,900
Interior of Keneke
#2. 2469 Keneke St, Kilauea 4 bedroom 2 bath 3080 sq.ft. home. MLS#211611 Reduced to $564,500.
#3. 4588 Kui Lei St., Lawai. 3 bedroom 2 bath home on a lot of 9437 sq.ft. MLS#215332 Reduced to $408,905.
#4. Hale Lani Village P106 2/1 condo MLS#213537. Reduced to $179,900

Still Available:
#1. 6340 Kaahele St, Wailua Homesteads, 3 bedroom 2 bath home on a lot of 8785 sq.ft. MLS#214615 $429,977. Update-10/08/2008 Reduced to $399,900.

Upcoming:
#1. 5796 Noni St, Wailua Homesteads with Julie Black
#2 148 A & B Royal Drive, Wailua Homesteads.
#3. Kauai Beach Resort unit #1331. AKA the Hilton ocean views. with Julie Black
#3. 2242 Ioela, Kilauea
#4. Princeville home with Countrywide

Realtors like myself have REOs listed for sale. These are properties that have been foreclosed on and taken back by the bank. You can bid on properties at the foreclosure sale, the bank most likely will only bid up to their loan amount. Most Hawaii foreclosures (all islands) are posted in the Honolulu Star-Bullentin Classified section. The link to the site is: http://classifieds.starbulletin.com/results.php?classification_id=1004&format=ascii&numPer=10&category_id=10&mls=&acTst=Grr
I often get asked is there a list of Kauai REOs? Besides the foreclosure lists at the Star-Bulletin and Realtytrac, my complied list is the most up to date source that I am aware of.

Here it is:

Available Kauai REOs:

Listed by Julie Black (R) Kauai Dreams Realty:

#1. 4062 Blackstad Road aka 4031-L Koloa Rd (Off of). This REO has two homes and a cottage on 1.28 acres in Lawai. The homes need a lot of work as one was in the process of remodeling and was in just a real fixer. $689,900 MLS#213597

#2. 1236 Milia St, Kakela Makai subdivision in Kalaheo. Vacant lot ocean views. MLS#213866. Just reduced again! $229,900. owned by IndyMac
#3. #1. 6340 Kaahele St, Wailua Homesteads. MLS#214615 Price $429,977
This is a 3 bedroom 2 bath home 1432 sq ft. living area in a nice neighborhood of Wailua on a 8,785 sq.ft. lot.

Countrywide Listed REO:s
#1. Kuhio Shores #313, Poipu. On the water condo for originally listed at$715,000 reduced to $693,900. MLS#213644

Other Kauai REOs listed with other brokers:
1.4588 Ku’i Lei St, Lawai, 3/2 home at $429,900. MLS#215332 Great price for this neighborhood.
2. Hale Lani Village P106 2/1 condo MLS#213537 at $209,900, a not so great price. Owned by Washington Mutual.
3. 4754 Kalamania Rd, Kilauea. 1/1 on a lot of 1.98 acres for only $669,900. MLS#215217. Owned by Fannie Mae.
4. Kauai Beach Resort #2304 probably its last price reduction at $179,9000. MLS# 209739

Upcoming REOs with Kauai Dreams Realty (not yet listed)

#1. 5013D Moa Road, Kapaa. An unfinished craftsman like home on a 10000 sq.ft. lot owned by Wells Fargo Bank.
#2. Kauai Beach Resort (Hilton) #1331 Ocean view 3rd floor studio condo unit.
#3 Royal Drive, 2 homes on the rim in Wailua-in eviction process.
#4 Pu’ u Ka’a St, Kapaa. 3 bedroom 1.5 bath home owned by Wells Fargo.
#5. Noni Street in Wailua Homesteads. 2 story well taken care of home.

You can click onto my website at www.kauaidreams.com and plug in the MLS # to get more information about any of the listed properties. You can call or email me about any questions you may have about REOs foreclosures or property in general. Aloha Julie julie@hisemail.net