Kauai Real Estate REOs & Foreclosures

New Listings:

1. 924 Niulani There were alot of people anxiously awaiting this oceanfront REO. A 2 bedroom 1 bath home on a 12,613 sq.ft. sized lot for $949,900. A Countrywide REO.

2. 5322 Kahala St, Kapaa 3 bedroom 1 bath home for $360,000

Active Kauai REO Post Foreclosure Properties with all brokers:
Residential Homes:
#1. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $664,900.
#2. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $259,000. MLS#219935
#3. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $265,000 MLS#220533.
#4. 5086 Napookala Circle, Princville $876,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle. This area of homes has their own clubhouse and swimming pool. However the home is outdated and needs major updating. Owned by Countrywide.
#5. 5027-A Puuwai Road, Kalaheo, 3 bedroom 4 bath home with ocean view. $678,900 MLS#220522
#6. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $549,900 MLS#219109 Fannie Mae/Freddie Mac REO
#7. 4801 Lae Rd, Kalaheo 3/2 in Kalaheo, needs some work. $365,000. Back on the Market. MLS#219749.
Condos:
#1. Kauai Beach Resort #4208 $139,900 MLS#220882. This prime unit in building 4 last sold for $415,000. Owned by Chase.
#2.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $154,900. MLS#217159 Chase REO
#3. Kuhio Shores #313, Poipu MLS#213644 to $590,900.
#4. Pono Kai #C209 2/2 Oceanfront condo. $512,900 MLS#218983.
#5. Paniolo #103 Princeville Condo. 1 bedroom 2 bath condo. Price at $260,000. This is a Freddie Mac REO MLS#221121
#6. Kamahana #4, Princeville. 2/2 condo reduced to $349,900 MLS 220199 Owned by Countrywide.
#7. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $539,900. MLS#215869
#8. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226
#9. Islander on the Beach #321. Studio oceanview unit. $145,000. MLS#217190. Owned by CPHL
#10. HaleLani Village at Puhi #Z101. 2 bedroom 2 bath condo for $169,900. Owned by Fannie Mae. MLS#217388

Upcoming REO (bank owned) Listings with Kauai Dreams Realty:
1. Banyan Harbor #80 2 bedroom 2 bath condo in Lihue.
2. Plantation Hale 1 bedroom 1 bath condo on the Coconut Coast. Awaiting eviction.
3. 2469 Keneke Previously listed with another broker but soon to be back on the market with KDR. 4 bedroom 2 bath house in Kilauea.
4. 4734 Mimilo. A 3 bedroom 2 bath home in the Hudley Heights area of Kapaa. Large lot. Stylish house. It should sell fast.
5. 5796 Noni St, 4 bedroom 2 bath home.
6. 148 Royal Drive, Wailua Homesteads. Awaiting eviction.
7. 4836A Puuwai Rd, Kalaheo. 2 bedroom 1 bath home.
8. Hoolako 2 bedroom 2 bath house in Lihue. awaiting eviction.
9. Koali St, Wailua Homesteads. 3 bedroom 2 bath home. Awaiting eviction.
10. Oka St, Kilauea, a 3/2 bath 2 story home with open beam.

Upcoming REOs with Cooperating Brokers
1. Lae Road, Kalaheo. SFR eviction in progress.
2. Laulea st. Eleele 3 bedroom 1 bath home eviction in progress.
3. Aheahe Place, Lihue. A 4 bedroom 3 bath home in Lihue.

Kauai REOs in escrow:
#1. 5120 Haleilio Rd, Wailua Houselots, 3 bedroom 1.5 bath on a large lot of 16316 sq.ft. MLS#220517 $399,900.
#2. 4717 A Anahola Rd. A 3/2 home in Anahola next to the park. $300,900. Due to close 3/5/09.
#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
#4 5773A Kuamoo Road, Wailua Homesteads. 2 bedroom 1.5 bath home for $225,000. See previous blogs for pictures. MLS#221077.
#5. 276 Makani Road, Wailua Houselots to $419,900. MLS#216350 Owned by WAMU
#6. 4540 Waiakalua St., Kilauea reduced to $601,900. MLS#217182. Owned by WAMU
#7. 5143 Iolani Pl, Princeville. 3/2 home in Princeville. Reduced to $594,900. MLS#217017.
#8. Emmalani Court #412, Princeville. 2/2 for$475,000. MLS#219933. Owned by Fannie Mae.

Recently Kauai Sold REOs:
#1. Kawaihau Sports Villas #J201. A 2 bedroom 2 bath condo. Sold for $171,600 on 2/26/09 cash.
#2. 5013D Moa Rd. 3/2 Unfinished home 3/2 home. Sold for $265,000 cash on 2/17/09.
#3. Islander on the Beach #126 Studio Oceanfront condo. Sold for $200K on 2/27/09 cash.
#4. 43133 Maka Rd, Kalaheo 3/2 home sold for $421,000 on 2/27/09 CNV.

This months REO (bank real estate owned) properties show an increase in escrows and sales. The sales figure should also increase in March as prices on Kauai have appeared to hit bottom and should hold steady for at least the next 6 months. Obama’s economic recovery plan should help some homeowners from foreclosure. However some homeowners are too optimistic and unrealistic. A few REOs in eviction are under the mistaken belief that they can “save” their house after foreclosure. Unless there is a period of redemption where the homeowner can pay off the mortgage it is to late. Attempts to save the home should be before the foreclosure auction.

If you are interested in any of the homes listed as “upcoming” with Kauai Dreams Realty let me know and I can email you more information. You can contact me at julie@hisemail.net or call me on my celll at 808 652-6174. Also on my web site www.kauaidreams.com you can plug in any MLS# for more photos and info on listed properties. Thanks for everyones’ feedback. 2009 is ofering some great buying opportunities for savy investors and 1st time home buyers who were previously priced out of the market. Aloha Julie

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