This post is a weekly update to the August 1, 2009 list. Please scroll down to the 8/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Upcoming Kauai REO’s:   

 #1. 3599 Horita Rd,  Lawai.  This is a 4 bedroom 2 bath home at the end of the cul-de-sac on Horita Road. The yard is not yet mowed but the house is in good condition. The original lender on this home was Fremont. Coming up soon. (not on the Kauai MLS yet)

 #2. Two new Hale Lani condos at Puhi (with other brokers) (not on the Kauai MLS yet)

1. Z-104,  A 2 bedroom 2 bath recently upgraded unit. Fannie mae REO
2. W-103, A 2 bedroom 2 bath with yard.  US bank

 New Listings:

      1. 4524 Lae Rd. Kalaheo, 3 bedroom 2 bath home. $330,000.  Owned by Aurora Loan Services. MLS# forthcoming.

In Escrow:

1. 5358 Kula Mau’u St. 3/2 home. Listed for $316,900. An IngyMac REO.
2. 5625 Kula  Mau’u St. 5/4 home. Listed for &360,000. An IndyMac REO.

 Sales:

1. Kamahana #4. 2/2 condo in Princeville. Listed $289,900 sold $276,000 cash 8/12/2009. A Countrywide/BOA REO.
2. 3834 Koula Rd, Hanapepe. 2 old homes. Listed $323,730 sold $330,000 cash 8/13/2009.
3. 2302 Liliuokalani, Kilauea. 3/1.5 home. Listed $314,900 sold $362,500. CNV 8/7/2009. A Freddie Mac REO

 Off the Market:

1. 4754 Kalamania #B, Kilauea. 1/1 bath home on 1.98 acres. I believe this went to auction.
2. 3868 Olona St, Koloa. Temporarily of the market it was left stripped. MLS# 225954.

Price Reductions:

      1. Kahala At Poipu Kai #113. This is a 1 bedroom 1 bath condo for $329,900. MLS#225425

Just a few tips on this post. Buying REO properties are different then buying Kauai real estate from a private owner using the Hawaii state standard Purchase Contract. Prices on Kauai REO properties are usually much cheaper but inspection periods are shorter and you are buying the property “AS IS”. Termite inspections and staking should be done as part of the buyers inspections if you think their is going to be an issue with these items. Your financing should be in order as their is usually an PER DIEM fee for extensions. But at least buying a Hawaii REO has many more safety precautions then buying  Hawaii Foreclosures on the courthouse steps. You probably don’t want to buy an occupied property at a Hawaii foreclosure auction. Evictions are long and costly and you may up with a stripped home. Using a Realtor on a listed home will insure some protection.  Happy Hunting.

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

Search all Kauai Homes at www.kauaidreams.com Search the Kauai MLS at www.kauaidreams.com Search Kauai Property at www.kauaidreams.com. Search Kauai real estate at www.kauaidreams.com

August 10, 2009 Kauai REO & Foreclosure Update

This post is a weekly update to the August 1, 2009 list. Please scroll down to the 8/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

#1. Sun Village Kauai C-312, Lihue. This is a 1 bedroom 1 bath leasehold condo in an adult only/retirement type condominium. $100,000. MLS#226515

#2. 5625 Kula Mau’u St, Kapaa. this is a 4 bedroom 3 bath home with an attached legal 1 bedroom 1 bath Additional Dwelling Unit in good condition for only $360,000. MLS#226512

#3. 504 Laulea St, Eleele. A 2 bedroom 1.5 bath home for $272,250. MLS#226481

Back on the Market:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718

Price Reductions:
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 $239,000. New MLS# 226523 (new broker).

In Escrow:
1. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $613,100 MLS#223822.

Sold REO Properties:
#1. 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. Only $290,000. Sold $290,000. CNV on 8/4/2009.
#2.2305 Liliuokalani St, Kilauea. 3 bedroom 1.5 bath for only $314,900. Sold $362,5000. CNV 8/7/2009.

I have a few more Upcoming REOs that I am saving for next week on the south side of Kauai. Not much commentary from me this week but check out a August 9, 2009 Garden Island newspaper article highlighting the current foreclosure market on Kauai.

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

Search all Kauai Homes at www.kauaidreams.com Search the Kauai MLS at www.kauaidreams.com Search Kauai Property at www.kauaidreams.com. Search Kauai real estate at www.kauaidreams.com

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

This post is a weekly update to the July 1, 2009 list. Please scroll down to the 7/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

#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 flo0ring is needed in the bedrooms. The location is great. Near schools and town. $354,000 MLS#226132

#3. 5358 Kula Mauu St, Kapaa. This 3 bedroom 2 bath home is price right at $316,900. MLS#226104. Offers are pending so hurry.

In escrow:
#1. 3371 Kai Lani Place, Hanapepe $334,900 MLS#225791.

Price Reductions:
#1.1672 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
#2. 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. $211613. MLS#225407
#3. 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.
#4. 5086 Napookala Circle, Princville $799,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle.
#5. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $424,900 MLS#219109 Fannie Mae/Freddie Mac REO

Solds:
#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.

An REO sucess story:
4217 A Anahola Road before & after:

PAUL & CORY DID A GREAT JOB ON THIS REMODEL! I believe its for rent. Check out our rentals on the rental link on our home page web site.

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 July 1, 2009 list. Please scroll down to the 7/1/09 list for a complete list of Kauai Hawaii Foreclosure & REO list.

New Listings:

#1. 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

#2. Banyan Harbor G-80, Lihue. A 2 bedroom 2 bath fully furnished condo with partial ocean view. $250,0000. MLS#225936
#3. Nihilani at Princeville #14A. This is a 3 bedroom 2.5 newer condo in Princville. $489,900. MLS#225806
#4. 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 REO with another Broker:
#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.

More banked own Kauai properties are shaking loose and being listed. Some take time to come on the market due to lenghty eviction processes. Even if the former owner has abandoned the home but some of their possesions remain the Banks usually do a personal property eviction. I am really surprised that the property on Olona Road is listed with the former mortgagors there. According to the listing broker the bank is a hedge fund and not really familiar with the processes in Hawaii. Did you see he article feauturing me and the REO Kauai real estate market in the Kauai People Newspaper? If you missed it you can read it at the newspaper’s link at REOs offer buyers chance at home ownership | HonoluluAdvertiser … It’s fun to be a celebrity for a few days. 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 Listings:

1. 4740 Hokuloa Place, Eleele. 3 bedroom 2 bath home for $309,900. Garage has been turned into a family room. Fenced MLS#225781

2. 3371 Kai Lani Place, Hanapepe. A small 4 beroom 2 bath home. $334,900 MLS# 225791.
3. 5622-K Ilena Ln., Kapaa. This is a vacant CPR lot of 5000 sqft. Ocean view. $134,000.

New upcoming REO:
1. Sun Village #312. 1 bedroom 1 bath LH condo in an adult only condo targeted towards seniors.

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. Reduced to $259,000 MLS#223363
2. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $489,900 MLS#223366

Sold:
1. 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. $419,900. Sold $380.000 7/10/2009 MLS#224048.

I have been busy this past week and have not much time to work on this blog. However I did have a good time in Hilo this last weekend. 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 listings:

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. $222,750. MLS#225407

2. 1672 Kelaukia Rd in Lanai Villas in Poipu. $1,089,000. 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

3. Kahala At Poipu Kai #113. This is a 1 bedroom 1 bath condo for $346,900. MLS#225425
4. Milia St, Kakela Makai subdivision, Kalaheo. Vacant lot of 10,758 sq.ft. MLS#225221
5. 2305 Liliuokalani St, Kilauea. 3 bedroom 1.5 bath for only $314,900. MLS#224729 Already in escrow.

Active- Current Listed Bank Owned Properties:
Homes:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718
2. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $489,000 MLS#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. $499,900 Countrywide REO. MLS#223366
4. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $374,410. MLS#223411
5. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $455,000 MLS#219109 Fannie Mae/Freddie Mac REO
6. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $410,500. MLS#222904.
7. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $646,050 MLS#223822.
8. 5086 Napookala Circle, Princville $814,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.
9. 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)
10. 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
11. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 MLS#220533

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 $270,000. MLS#223363.
2. Puamana #14B, Princeville. 2 bedroom 2 bath condo for $390,000. MLS#225090
3. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
4. Kauai Beach Resort #2506 307 #2506 0/1 MLS# 223038 $219,000
5. Kauai Beach Resort #2544 320 #2544 0/1 MLS #223037 $219,000
6. Kauai Beach Resort #4110 320 #4110 0/1 MLS #223033 $239,000
7. Kauai Beach Resort #4214 360 #4214 0/1 MLS #223035 $309,000

Upcoming REOs with Kauai Dreams Realty:
1. 148 Royal Drive, Wailua Homesteads. 2 homes on the rim.- Coming up soon!
2. 229 Koili St, Wailua Homesteads. 3 bedroom 2 bath home. Almost ready to list. Soon!
3. 5796 Noni St, 4 bedroom 2 bath home. in Wailua Homesteads. Coming up soon.
4. Banyan Harbor #80 2 bedroom 2 bath condo in Lihue. Almost ready to list. Again real soon.
5. 5051 Laukona St, Hanamaulu. Large home across from the park. Coming up soon.
6. 4262 Oama Pl, Puhi area, Lihue. 3 bedroom 2 bath home with 2 car garage. Coming up soon.
7. 5622 ILEINA LN #K., Kapaa. This is a vacant CPR lot with an ocean view. Coming up soon.
8. Kula Mau’u, Kapaa. Large home. Coming up shortly.
9. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home.
10. Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa.
11. Apopo Hale, Kapaa 4 bedroom 1.5 bath CPR home. Confirmation process.
12. Plantation Hale. 1 bedroom 1 bath on the Coconut Coast.
13. 2888 Hoolako 2 bedroom 2 bath house in Lihue. Awaiting eviction.
14. Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million. Awaiting eviction.
15. Pohina St. Hanamalu Eviction process Duplex.
16. 4740 Hokuloa PL, Eleele, 3 bedroom 2 bath-almost ready to list

Upcoming REOs with other companies:
1. 3371 Kai Lani PL, Hanapepe. 4/2 residence. Coming up soon.
2. Laulea St. Eleele, 3 bedroom 1 bath home. In the eviction process
3. Lae Road, 3/2 In the eviction process.
4. Nihilani at Princeville #14A. 3 bedroom 2 bath condo. Last sales price was at $761,450. Fannie Mae owned.

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. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.
3. Pono Kai #C209 2/2 Oceanfront condo. Kapaa. $424,900 MLS#218983.
4. 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
5. 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.
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. Kuhio Shores #313, Poipu Oceanfront. MLS#213644. $590,900.
8. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $499,900. MLS#215869.
9. Princeville Paniolo #103. 1/2 but set up is similar to 2 studios. $209,900. Freddie Mac.
11. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900.
12. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building $93,900. MLS#224555

Solds:
#1. 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. Sold for $410,000 6/29/2009
#2. 5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440. Sold for $320,000 6/30/2009.
#3. 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
#4. 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
#5. Islander On The Beach #321 372 #321 0/1 $145,000 MLS# 217190 Sold $105,000 6/19/2009
#6. 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.
#7. 276 Makani Road, Wailua Houselots 2 homes. $419,900. MLS#216350 Owned by WAMU. Sold $420,000. 6/29/2009.

There were 44 closed MLS sales for the month of June for the island of Kauai. The lowest being $85,900 and the highest being $10,000,000. Incredibly 7 of these sales were over a million dollars and 7 were REO sales. IndyMac has appreared to step up on its REO inventory. Local lenders Bank of Hawaii, First Hawaiian Bank and American Savings have not had any Kauai inventory show up on the market yet. Although there have been a few foreclosure notices from these companies in the newspaper. 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 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.