Kauai Real Estate REOs & Foreclosures

This post is a weekly update to the April 1, 2009 list. Please scroll down to the 4/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list. The post will agin be updated on May 1, 2009.

New Listings:
1. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $569,000MLS#224496. An IndyMac REO.
2. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $414,900. MLS#223411
3. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.

Price Changes:
1. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO.
2. Pono Kai #C209 2/2 Oceanfront condo. $424,900 MLS#218983. Countrywide REO
3. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $499,900. MLS#215869
4. 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

Sold:
1. 4801 Lae Rd, Kalaheo 3/2 in Kalaheo, needs some work.MLS#219749. Listed $365,000 Sold for $379,000 4/20/2009.
2. HaleLani Village at Puhi #Z101. 2/2 condo for Listed $169,900 Sold for $174,582 on 4/23/2009 Owned by Fannie Mae. MLS#217388

April continues to hold steady in REO listing and sales. However REOs are not dominating the market as they are in other states. REOs are accounting for only approximately 10% of Kauai sold properties. That’s 90% of sales that are from private owners. However I do believe in some areas REOs are influencing the prices in certain areas. There’s been a lot of speculation that the inventory of REOs will increase. It’s hard to tell but I think the Kauai REO inventory will stay steady until the end of the year. For more info or pictures take the mls number and plug it in the appropriate place on my web site www.kauaidreams.com or email me with your questions julie@hisemail.net. Aloha Julie.

This post is a weekly update to the April 1, 2009 list. Please scroll down to the 4/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

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 $319,900. MLS#223363. Owned by Green River Lendng.
2.Villas of Kamalii #44, Princville. A 3 bedroom 3 bath condo of 1825 sq.ft. living area and one car garage. $699,900. MLS#223314.
3. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
4. 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

In escrow:
1. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226

Price changes:
1. Kamahana #4, Princeville. 2/2 condo reduced to $328,900 MLS 220199 Owned by Countrywide.
2. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $239,900 MLS#220533.

Three of the for new REOs this last week are located in Princeville. More Princville REOs is what I expected/predicted last year as Princeville is mainly a resort area of second homes and condos. However there has not been as many REOs in the Princeville area as I thought perhaphs due to the fact that people who could afford second homes are more well off than those who can’t.

All 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 blog/posting is a weekly update to the April 1, 2009 Kauai, Hawaii foreclosure REO Update. Scroll down to see the complete list.

Upcoming REOs:
Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa. Price should be inbetween 300K and 400K.

New Listings:
1. MLS #223038 $219,000 Kauai Beach Resort #2506 307 #2506 0/1

2. MLS #223037 $219,000 Kauai Beach Resort #2544 320 #2544 0/1

3. MLS #223033 $239,000 Kauai Beach Resort #4110 320 #4110 0/1

4. MLS #223035 $309,000 Kauai Beach Resort #4214 360 #4214 0/1

Four units owned by Finance Factors. They appear to be over priced compared to unit #1331 that was just reduced to $113,900.

Price changes:
1.Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $113,900. MLS#217159 Chase REO.
2. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $624,900.
3. 5086 Napookala Circle, Princville $842,900 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.
4. 924 Niulani, Oceanfront Kapaa. A 2 bd 1 bth home on a 12,613 sq.ft. lot for $799,900. MLS#221563. This is a large price drop for Countrywide who normally does their price drop in increments.

Withdrawn:
383 Laaukea, Wailua Houselots. 3 bedrooms 2 baths $350,000. MLS#221886. Withdrawn due to title problems.

All 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 an update to the April 1, 2009 list. Please scroll down to the 4/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

1. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $454,900. Additional room previously used as a studio. Last sold price was $720,000 MLS#222904. Photos are from previous sale.

2. 4119 Aheahe Place, Lihue. This is 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. This home qualifies for 3% down HomePath Mortgage financing through Fannie Mae. On a cul-de-sac. $485,000. MLS#222896.

Price Changes:
1.5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440.
2. Pono Kai #C209, Kapaa 2/2 Oceanfront condo. $472,900 MLS#218983.

Back on the Market:
1. Paniolo #103 Princeville Condo. 1 bedroom 2 bath condo. Price at $239,000. This is a Freddie Mac REO MLS#221121. Back on the market after multiple offers. The winning bidder decided to buy something else.

Foreclosures:
145 condominium units together with 15 commercial units at the Kauai Beach Resort will be undergoing a Foreclosure auction on May 6, 2009 at the court house steps in Lihue. The units will not be sold individually. Known as the iStar Foreclosure this is the foreclosure on the financially trouble developer.

All 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