This is my monthly Kauai REO, Kauai Foreclosure Blog. It is a compilation all Kauai MLS listed bank owned properties. It is updated at least twice a month or weekly if the Kauai REO activity has increased.
Kauai REO Properties For Sale:
1. 4175 Mahina Place, Princeville. 3 bedroom 2.5 house. MLS#283007 $789,900. Owned by Bank of America.
2. 5395 Olopua st, Kapaa. New. 4 bedroom 3 bath 2 story home in Waialeale Estates. Reduced to $429,900. MLS# 280596. Owned by Fannie Mae.
3. Waipouli Road, Golden Pond, Kapaa. 2.04 acres of AG land. A hillside lot. MLS#277976. $262,000. Owned by Federal Land Bank Association of Hawaii. They will finance a qualified buyer.
Kauai REOs In Escrow:
1. Hauaala Road, Kapaa. Vacant CPR Lot of 18513 sq.ft.. MLS#278327. $197,000. Owned by Kauai Community Federal CU.
2. Waikomo Stream Villas #530, Poipu. This is a 2 bedroom 2 bath top floor unit with open beam ceilings. It needs some remodeling. MLS#280055. $362,900. Owned by Bank of America.(offers pending)
3. 5105 Kawaihau Rd, Kapaa. This is a 2 bedroom 1 bath CPR house with a shared septic system. MLS#279984. Reduced to $284,900. Owned by Freddie Mac.
4. Kalapaki Villas #106, Lihue. 2 bedroom 2 bath 2nd floor unit. MLS#279818. Reduced to $209,900. Owned by Fannie Mae. This is a Homepath property.
6. Waipouli Rd, Kapaa. 5 bedroom 4 bath bamboo house on 3.81 acres. MLS#279048 Reduced to $669,700. Owned by Freddie Mac.
7. 4536 Laukona St., Hanamaulu. 4 bedroom 2 bath fixer. $249,900 MLS#280594. Owned by Fannie Mae.
8. 6403- D Waipouli Road #2. Unit #2 is a 4 bedroom 2 bath Octagon dome style home that is off the grid. MLS#278675 $589,000. Owned by Bank of Hawaii.
9. 706 Akalei St. Eleele. New. 3 bedroom 2 bath home in good condition. $400,000. MLS#280820. Owned by Fannie Mae.
10. 3827 Hoohuki St, Hanamaulu. 4 bedroom 3 bath home with studio. $439,900. MLS#281755. Owned by LNV Corporation.
11. Kulana 15E, Kapaa, New 1.7 acres in the Kulana subdivision/condominium project. $141,900. MLS#281043 Owned by Bank of America. (offer pending but not in escrow yet.)
Kauai REO Properties that have sold in March 2015:
1. 1127 C Moanakai Rd, Kapaa. This 3 bedroom 1bath small home on a 10,123 sq.ft. lot across from Baby Beach. MLS#280311 Priced at $470,000. Owned by Fannie Mae. Sold for $501,000 3/13/15. Cash.
2. 7297 Alealea Rd, Haena. 3 bedroom 2 bath home on a half acre lot steps away from the beach. MLS#277703, Priced at $999,900. Owned by Bank of America. Sold for $875,000 3/17/2015. Cash.
3. 11. Halelani Village P-103, Lihue. 2 bedroom 1 bath condo. $142,100. MLS # 280401. Owned by Altisource/OCWEN. Sold for $137,194 3/30/15. Cash.
Even though the REO market has slowed down I still have a few properties in my queue. The next one to be listed will be Sandpiper Village at Princeville. Often these well priced properties have multiple offers. Low balling in this market won’t get you anywhere. Kauai’s prices have recovered. Bank of America is now sending some of it’s properties to auction from the get go. Their new Dual Path System allows for any buyer to be represented by an agent at their auctions. This is the way to go on auction properties.
This is my monthly Kauai REO, Kauai Foreclosure Blog. It is a compilation all Kauai MLS listed bank owned properties. It is updated at least twice a month or weekly if the Kauai REO activity has increased.
