This is my monthly Kauai REO, Kauai Foreclosures Blog. It is a compilation all Kauai MLS listed bank owned properties. It is updated at least once a month or more if the Kauai REO activity has increased.
Active Kauai REOs, Kauai MLS Listed: (highlighted mls numbers are links)
- Cliffs at Princeville #1104. 1 bedroom 2 bath condo. $305500. MLS#611905. Owned by Altisource.
- Kauai Beach Resort # 1329. studio condo $69,900. MLS# 612025 Serviced by Select Portfolio Servicing.
- Gallo Pl, Kalaheo. 2 bedroom 1 bath on top with a bedroom 1 bath studio below. MLS#610706 Reduced. $699,900. Owned by Selling Finance.
- 3292-D Kalihiwai Road. 4 bedroom 4 bath estate. $4,100,000. MLS# 607132. Owned by Bankcentre Corp.
KAUAI REO’S WITH ACCEPTED OFFERS/IN ESCROW:
- 1743 Kaehulua Rd., Kapaa. 4 bedroom 2 bath home. MLS#608519. $260,000. It’s cheap for a reason. Owned by Federal National Mortgage Association.
- 4592 Nanamua St., Kekaha. 4 bedroom 1.5 bath home. $285,000. MLS#607946. Owned by Federal Home Loan Mortgage Association, Government.
- 8924 Kekaha Rd., Kekaha. 3 bedroom 2 bath home. $384,900. MLS#608007. Owned by The Bank of New York Mellon.
- Omao Road, Koloa, 3 bedroom 2.5 bath home. $503,500. MLS#609775 Owned by Altisource.
- 2198 Ioela St, Kilauea. 5 bedroom 4bath home with views of Kilauea Valley & the ocean. Reduced$799,900. MLS#610218. Serviced by SPS Loan Servicing.
- 3166 Akahi St, Lihue. 2 bedoom 1.5 bath. $395000. MLS#611767. Owned by Fannie Mae.
- 1791-A Makaleha Pl, Kapaa. 3 bedroom 4 bath 2 story home with lock-out. $821,500. MLS#611296. Owned by Altisource.
- 3222 Inouye St., Lihue. 6 bedooms 2 bath. $325000. MLS#611991. Owned by Bank of New York Mellon.
Kauai REO-Foreclosures SOLD for November 2017:
- Waikomo Stream Villas #330, Poipu. 2 bedroom 2 bath condo. Reduced $463,300 MLS# 607581. Sold for $393,219 CNV on 11/21/2017.
- Nihilani At Princeville #26C. 3 bedroom 3 bath condo. $654,900 Sold for $658,000 11/15/2017. MLS#607669
- 5532 Tapa Road, Koloa. 4 /2 house in Koloa. Lot of 14,506 sq.ft. Reduced $429,900. MLS# 605979.Owned by Fannie Mae.
- 2125 Ehu Pl, Puhi/Lihue. 2/2. Reduced $362,600. MLS#610260. Owned by Altisource. Marketed on HUBZU auction site. Sold for $362,60899 CNV 11/20/17.
- 4601 Kuamoo Rd., Kapaa. 3 bedroom 2 bath home. $516,900. MLS#606138. Owned by Secretary of Veterans Affairs. Sold for $495,000 CNV 11/15/17.
- 200 Eggerking Rd, Wailua Houselots. A 5/4 duplex. $519,900. MLS#610308. Owned by Bank of New York Mellon. Sold for $563,000 Cash 11/3/17.
- 6003 Puka St, Kapaa. 3/1. $315,000. MLS# 609678. Owned by Fannie Mae. Sold for $320,000 CNV 11/2/17.
- 6364 B Kawaihau Rd, Kapaa. 4/3. MLS#611401 Listed 358,900. Sold for $358,900 cash on 11/29/17.
- 1621 Malakia, Kapaa 3 bedroom 2 bath home. $376,300. MLS#611536. Owned by Altisource. Sold for $362,914 on 11/20/17 cash.
Upcoming REO:
It’s the end of the year for 2017. With 9 sold REO listings and 86 total fee simple Kauai sales for the month of November, that equals to approximately a 10% ratio. Are more Kauai banked owned or Kauai REOs coming on the market. The answer is “YES”. I have approximately 30 banked owned properties in my inventory. If they are not currently on the market, they are waiting for repairs to be done, eviction to be taken care of or value determined. When you buy a bank REO you usually can get a good deal but are taking more risk. The banks are not required to give the buyer a disclosure statement. Understandable as they have not seen the property. Get a home Inspection. It is always Buyer Beware.
Have a safe, healthy and happy holiday. Call or email if you have any questions about buying or selling Kauai real estate.
