Kauai Real Estate REOs & Foreclosures

New Kauai REO Listings:

#1. 5051 Laukona St, Hanamaulu. This duplex also has a studio attached. 8 bedrooms 4 baths across the park. $472,500 MLS#226360

#2. 4619,4623 & 4623A Lehua St, Kapaa. 3 commercially zoned homes/cottages just down the street from my office on a lot of 10610 sq. ft. $644,900. MLS#226265.

Active- Current Listed Bank Owned Properties:
Homes:
1.148 Royal Drive, Wailua Homesteads. This is a large older main house of 4 bedrooms and 2 baths (maybe 3) and a 1 bedroom 1 bath cottage on 1.8 acres on the rim in Wailua for only $599,900. MLS#226200.
2. 4262 Oama Place, Puhi (Lihue). This 3 bedroom 2 bath home near shopping and schools. 2 windows are broken and flooring is needed in the bedrooms. The location is great. Near schools and town. $354,000 MLS#226132
3. 4740 Hokuloa Place, Eleele. 3 bedroom 2 bath home for $309,900. Garage has been turned into a family room. Fenced MLS#225781
4. 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. $211,613. MLS#225407
5. 1672 Kelaukia Rd in Lanai Villas in Poipu. $1,034,550. 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
6. 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
7. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $449,000 MLS#224496. An IndyMac REO.
8. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $471,900 Countrywide REO. MLS#223366
9. 5358 Kula Mauu St, Kapaa. This 3 bedroom 2 bath home is price right at $316,900. MLS#226104. Offers are pending so hurry.
10. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $424,900 MLS#219109 Fannie Mae/Freddie Mac REO
11. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $388250. MLS#222904.
12. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $646,050 MLS#223822.
13. 5086 Napookala Circle, Princville $799,800 MLS#224854. This home has a great location in Princeville, in Sunset Circle.
14. 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)
15. 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
16. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 MLS#220533

Condos:
1.Banyan Harbor G-80, Lihue. A 2 bedroom 2 bath fully furnished condo with partial ocean view. $250,0000. MLS#225936
2. 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 $259,000. MLS#223363.
3.Nihilani at Princeville #14A. This is a 3 bedroom 2.5 newer condo in Princville. $489,900. MLS#225806
4. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
5. Kauai Beach Resort #2506 307 #2506 0/1 MLS# 223038 $219,000
6. Kauai Beach Resort #2544 320 #2544 0/1 MLS #223037 $219,000
7. Kauai Beach Resort #4110 320 #4110 0/1 MLS #223033 $239,000
8. Kauai Beach Resort #4214 360 #4214 0/1 MLS #223035 $309,000
9. Kahala At Poipu Kai #113. This is a 1 bedroom 1 bath condo for $337,900. MLS#225425

Land:
#1. 5622-K Ilena Ln., Kapaa. This is a vacant CPR lot of 5000 sqft. Ocean view. $134,000.
#2. 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 REOS with Kauai Dreams Realty:
1.5796 Noni, Wailua Homestaeds. 5 bedroom 2 bath home. It should be listed this week.
2. Sun Village #312. 1 bedroom 1 bath LH condo in an adult only condo targeted towards seniors.
3. Pua Melia St, Kalaheo 3/2 beautiful home with ocean views.
4. Kula Mau’u, Kapaa. 5 bedroom 4 bath large home.. Coming up shortly.
5. Kula Mau’u , Kapaa3 bedroom 2 bath home in Kapaa.
6. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home.
7. Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa.
8. Apopo Hale, Kapaa 4 bedroom 1.5 bath CPR home. Confirmation process.
9. Plantation Hale. 1 bedroom 1 bath on the Coconut Coast.
10. 4726 Mimilo Road. Kapaa 3/2 bath home
11. Makahuena condo in Poipu. Ocean view 3 bedroom 2 bath condo.
12. 2888 Hoolako 2 bedroom 2 bath house in Lihue. Awaiting eviction.
13. Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million. Awaiting eviction.
14. Pohina St. Hanamalu Eviction process Duplex.

Upcoming Kauai REOs with other brokers:
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.
3. Laulea St. Eleele, 3 bedroom 1 bath home. In the eviction process
4. Lae Road, 3/2 Kalaheo. Coming up soon.
5. 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 REO
6. Huina Road, Wailua Homesteads. Eviction process.

In Escrow:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718
2. 3371 Kai Lani Place, Hanapepe. A small 4 beroom 2 bath home. $334,900 MLS# 225791.
3. 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.
4. 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.
5. Milia St, Kakela Makai subdivision, Kalaheo. Vacant lot of 10,758 sq.ft. MLS#225221
6. 2305 Liliuokalani St, Kilauea. 3 bedroom 1.5 bath for only $314,900. MLS#224729 Already in escrow.
7. 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
8. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $374,410. MLS#223411
9. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $469,900. MLS#215869.
10. Kamahana #4, Princeville. 2/2 condo reduced to $289,900 MLS 220199
11. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.

Sold:
#1. Pono Kai #C209 2/2 Oceanfront condo. Kapaa. $424,900 Sold $380,000 cash 7/24/2009 MLS#218983.
#2. Princeville Paniolo #103. 1/2 but set up is similar to 2 studios. $209,900. Freddie Mac Sold $184,900 cash 7/20/2009
#3 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900. Sold $567,000 CNV 7/21/2009.
#4. 2374 Oka St, Kilauea, HI This 3 bedroom 2 bath home is set up as a 2/1 & 1/1. $419,900. Sold $380.000 7/10/2009 MLS#224048.
#5. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building $93,900. MLS#224555 Sold 7/1/2009 $94,100 Cash.
#6. Villas of Kamalii #44, Princville. A 3 bedroom 3 bath condo of 1825 sq.ft. $679,000. Sold $600,000 Cash 7/13/2009 MLS#223314.
#7. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 Sold $172,500 cash 7/31/2009 MLS#220533

There were 48 MLS sales on the island of Kauai for the month of July 2009. (5 more than the month of June). 7 of these sales were REO sales. If you do the math this is 14.6% of sales are REO sales. According to a recent article in the Pacific Business News Kauai’s foreclosure inventory has surge with the highest concentration being in the town of Kapaa. This surprises me because I would of assumed that a Resort or second home area such as Princeville would be more likely to show a larger number of people defaulting on their mortgages. Higher foreclosure numbers will probably bring the percentage of REO sales to total sales up. It also puts pressure on individual sellers to price their property in line with today’s sales prices.

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

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