Kauai Real Estate REOs & Foreclosures

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

New Upcoming Listing:


#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.

Active Listed Kauai Bank Owned Propety:
Homes:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $415,000 MLS#223718
2. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $529,000MLS#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. $532,900 Countrywide REO. MLS#223366
4. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $394,655. MLS#223411
5. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $497,900 MLS#219109 Fannie Mae/Freddie Mac REO
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. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $432,750. MLS#222904.
8. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $679,000 MLS#223822.
9. 5086 Napookala Circle, Princville $842,900 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.

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 $299,900. MLS#223363.
2. 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.
3. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building 4.
4. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
5. Islander On The Beach #321 372 #321 0/1 $145,000 MLS# 217190
6. Kauai Beach Resort #2506 307 #2506 0/1 MLS# 223038 $219,000
7. Kauai Beach Resort #2544 320 #2544 0/1 MLS #223037 $219,000
8. Kauai Beach Resort #4110 320 #4110 0/1 MLS #223033 $239,000
9. Kauai Beach Resort #4214 360 #4214 0/1 MLS #223035 $309,000
10. Kuhio Shores #313, Poipu Oceanfront. MLS#213644. $590,900.
11. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $499,900. MLS#215869.
12. Princeville Paniolo #103. 1/2 but set up is similar to 2 studios. $209,900. Freddie Mac.

Upcoming REOs with Kauai Dreams Realty:
1. 1672 Kelaukia Rd in Lanai Villas in Poipu. This 3 bedroom 3 bath home in the exclusive subdivision of Lanai Villas in Poipu Kai bordering the greenbelt last sold for $1,650,000 in 2006. It is in excellent condition and is located in the VDA so vacation rentals are allowed. Steps away from the Hyatt and beach. I love the outdoor grill/kitchen off the back lanai.
2. 148 Royal Drive, Wailua Homesteads. 2 homes on the rim.
3. Plantation Hale. 1 bedroom 1 bath on the Coconut Coast.
4. 2888 Hoolako 2 bedroom 2 bath house in Lihue. Awaiting eviction.
5. 229 Koili St, Wailua Homesteads. 3 bedroom 2 bath home. Awaiting eviction.
6. 5796 Noni St, 4 bedroom 2 bath home. in Wailua Homesteads.
7. Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa. Price should be inbetween 300K and 400K.
8. Apopo Hale, Kapaa 4 bedroom 1.5 bath CPR home.
9. Apopo Hale #10, Kapaa 3 bedroom 1 .5 bath CPR home. Tile floors. Ocean peek.
10. Banyan Harbor #80 2 bedroom 2 bath condo in Lihue.
11. Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million. Awaiting eviction.
12. Laukona St, Hanamaulu. Large home across from the park.

Upcoming REOs with other comapnies:
1. Vacant lot on Milia St in Kakela Makai in Kalaheo.
2. Liliokalani, Kilauea 3 bedroom 1 bath with Fannie Mae
3. Laulea St. Eleele, 3 bedroom 1 bath home. In the eviction process
4. Lae Road, 3/2 In the eviction process.
5. Nihilani at Princeville #14A. 3 bedroom 2 bath condo. Last sales price was at $761,450. Fannie Mae owned.

Bank owned properties in Escrow:
1. 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
2. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 MLS#220533
3. 3844 Kolula Rd, Hanapepe. 3 bedroom 1 bath cute. MLS#223657 $332,000. There are 2 separate REO properties on Koula Road.
4. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.
5. Pono Kai #C209 2/2 Oceanfront condo. Kapaa. $424,900 MLS#218983.
6. 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
7. 5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440.
8. 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.
9. 276 Makani Road, Wailua Houselots 2 homes. $419,900. MLS#216350 Owned by WAMU.
10. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900.
11. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO.
12. 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.

Sold Kauai REOs (for the month of May):
1. 4141 Queen Emma’s Dr. Villas On The Prince #3 1,737 #3 3/3 MLS#222697 $576,900 sold for $576,900 5/15/2009.

Not many REOs sold last month. From my own personal experience May has been a trying month. 1st time home buyers are having a hard time getting their loans. In a few cases the buyers had loan approval but could not get the Private Mortgage Insurance due to changing guidelines. Previously bank gave loans no money down no real questions. Now banks are hesitant to lend with less than 20% down. There were 36 sales on Kauai for the month of May. I think June will show a substantial increase in the number of sold REOs and sold properties in general. 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

Pictures from Memorial Day:
My daughter Kela Caspillo fishing at Papa’a Bay.
My daughter Leilani Caspillo with one of the many fish we threw back.
My husband Jojo Caspillo and me, Julie Black, on a rare day off.