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Kauai REO, Kauai Foreclosures November 2017 List

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:

  1. Cliffs at Princeville #1104. 1 bedroom 2 bath condo. $327000. MLS#611905. Owned by Altisource.
  2. 3222 Inouye St., Lihue. 6 bedooms 2 bath. $325000. MLS#611991. Owned by Bank of New York Mellon.
  3. Kauai Beach Resort # 1104. studio condo $69,900. MLS# 612025 Serviced by Select Portfolio Servicing.
  4. 3166 Akahi St, Lihue. 2 bedoom 1.5 bath. $395000. MLS#611767. Owned by Fannie Mae.
  5. Gallo Pl, Kalaheo. 2 bedroom 1 bath on top with a bedroom 1 bath studio below. MLS#610706  $719,900. Owned by Selling Finance.
  6. 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.
  7. 1791-A Makaleha Pl, Kapaa. 3 bedroom 4 bath 2 story home with lock-out. $821,500. MLS#611296. Owned by Altisource.
  8. 3292-D Kalihiwai Road. 4 bedroom 4 bath estate. $4,200,000. MLS# 607132. Owned by Bankcentre Corp.

KAUAI REO’S WITH ACCEPTED OFFERS/IN ESCROW:

  1. Nihilani At Princeville #26C. 3 bedroom 3 bath condo. $654,900 MLS#607669.
  2. 6003 Puka St, Kapaa. 3/1. $315,000. MLS# 609678. Owned by Fannie Mae.
  3. 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.
  4. 4592 Nanamua St., Kekaha. 4 bedroom 1.5 bath home. $285,000.  MLS#607946.  Owned by Federal Home Loan Mortgage Association, Government.
  5. 8924 Kekaha Rd., Kekaha. 3 bedroom 2 bath home. $384,900.  MLS#608007.  Owned by The Bank of New York Mellon.
  6. 5532 Tapa Road, Koloa. 4 /2 house in Koloa. Lot of 14,506 sq.ft. Reduced $429,900. MLS# 605979.Owned by Fannie Mae.
  7. Waikomo Stream Villas #330, Poipu. 2 bedroom 2 bath condo. Reduced $463,300 MLS# 607581.
  8. Omao Road, Koloa, 3 bedroom 2.5 bath home. $503,500. MLS#609775 Owned by Altisource.
  9. 1621 Malakia, Kapaa 3 bedroom 2 bath home. $376,300. MLS#611536.  Owned by Altisource.
  10. 200  Eggerking Rd, Wailua Houselots. A 5/4 duplex. $519,900. MLS#610308. Owned by Bank of New York Mellon.
  11. 4601 Kuamoo Rd., Kapaa. 3 bedroom 2 bath home. $516,900.  MLS#606138.  Owned by Secretary of Veterans Affairs.
  12. 2125 Ehu Pl, Puhi/Lihue. 2/2. Reduced $362,600. MLS#610260. Owned by Altisource. Marketed on HUBZU auction site.

Kauai REO-Foreclosures SOLD for October 2017:

  1. 6463 Kawaihau Rd., Kapaa. 3 bedroom 2 bath home. $318,000. MLS#607687.  Owned by Deutsche Bank National Trust Company, Trustee. sold for $299,169 cash on 10/4/17.
  2. Village Manor D11, Waipouli/Kapaa. 2 bedroom 1.5 small condo. $149,900. MLS#610224. Owned by Freddie Mac. Sold for $161,888 cash on 10/10/17.
  3. 7979 Kaumualii Hwy., Kekaha.  3 bedroom 3 bath home. $515,900. MLS#608829. Owned by Citibank. Sold for $499,000 CNV on 10/26/17.
  4. 107 Aleo St. Kapaa. 3/2 home in Wailua Homesteads. Reduced $473,271. Sold for $473,271 on 10/13/17. CNV MLS# 605802. Owned by HUD. www.hudhomestore.com
  5. 4050 Papalina Rd., Kalaheo. 5 bedroom 4 bath home. $$699,900.  MLS#607117. Owned by The Bank of New York Mellon. Sold for $713,000 CNV on 10/20/17.
  6. 4247 Oio St, Puhi (Lihue) 2 bedroom 2 bath home. $399,900. MLS# 609421. Owned by Fannie Mae. Sold for $392,000 on 10/13/17.
  7. 672 Akalei St, Eleele. 4/3 home. $408,900. MLS#604689. Owned by Wells Fargo. Sold for $385,000 cash on 10/11/17.

It’s hard to get a handle on a banks pricing philosophy. On most of my banked own listings they as me to fill out a broker price opinion form and make adjustments for variances and give me chance to offer my opinion. Many banks will also get a fee appraisal. However this fairly conventional way of pricing listings does not apply to what the bank will pay at the foreclosure sale. Banks will often bid much higher then the market value of the property and then list it lower. I’m not sure if this is a tax strategy or if there is another reason. 

Kauai Realtorskauai ForeclosureIn case you missed our episode “Tropic Blunder” you can pick it up on Google-Play, Apple-Play, Amazon TV  and all those alternatives to cable. 

If you want to be notified when bank owned properties or REOs come on the market, on Kauai, I can set you up on an automatic MLS search. This way the MLS will automatically email you when a new Kauai foreclosure listing does come up. I would need your email address and any other search criteria, such as price or area. If you already have another Realtor they can do this for you. Let me know. Aloha Julie julie@kauaidreams.com

 

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