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Kauai Real Estate Owned (REO) Homes and Condos for sale 7/30/09

For those seeking real estate on Kauai and those particularly interested in REO (real estate owned by the bank) properties for sale, here's a sampling of what appears on Kauai's MLS (multiple listing service) today:

Condominiums

MLS #225425: 1 bed/1 bath Kahala at Poipu Kai I. Asking price $346,900 Days on market = 30

MLS #223363: 2 bed/2 bath Kaeo Kai Ph I (Princeville). Asking price $259,000 (lowered since last ActiveRain posting) Days on market = 103

MLS #225936: 2 bed/2 bath Banyan Harbor (Lihue). Asking price $250,000 Days on market = 13

MLS #225806: 3 bed/2.5 bath Nihilani at Princeville. Asking price $489,900 Days on market =14

Single-family homes

MLS #226240: 5 bed/4 bath (2221 SF of living space on approx. 10,610 SF of land) in Kapaa (4619 Lehua St.). Three plantation cottages for commercial or residential use. Asking price $644,900 Days on market = 1

MLS #226200: 5 bed/3 bath (3395 SF of living space on approx. 1.8 acres of land). Main residence has 4 bed/3 baths. Included is a 1 bed/1 bath cottage. Asking price $599,900 Days on market = 3

MLS #226132: 3 bed/2 bath (1029 SF of living space on approx. 5424 SF of land) in Lihue (4262 Oama Pl.) Asking price $354,000 Days on market = 6

MLS #226104: 3 bed/2 bath (1048 SF of living space on approx. 6000 SF of land) in Kapaa (5358 Kula Mau`u St). Asking price $316,900 Days on market = 7

MLS #225954: 3 bed/1.5 bath (912 SF of living space on approx. 7700 SF of land) in Koloa (3868 Olona St.) Asking price $349,000 Days on market = 13

MLS #225851: 3 bed/2.5 bath (1396 SF of living space on approx. 8080 SF of land) in Wailua Homesteads (229 Koili Ln). Former owner was remodeling, but work was not completed. Asking price $297,500 Days on market = 15

MLS #225781: 3 bed/2 bath (1584 SF of living space on approx. 6715 SF of land) in Eleele (4740 Hokuloa Place) Asking price $309,900 Days on market = 16

MLS #225407: 5 bed/4 bath (3298 SF of living space on approx. 9627 SF of land) in Omao (4345 Naulu Place). Asking price $211,613. Buyer beware, no access without permission (home has rot, mold, termite damage, bees, broken windows & roof leaks). Days on market = 31

MLS #225197: 3 bed/3 bath (2282 SF of living area on approx. 6000 SF of land) in Koloa (1672 Kelaukia St.) Asking price reduced to $1,034,550 Days on market = 38

MLS #223496: 4 bed/2.5 bath (2506 SF of living area on approx. 19,402 SF of land) in Lihue (2891-C Pua Nani St). Asking price reduced to $449,000 Days on market = 98

MLS #223366: 3 bed/2 bath (2117 SF of living area on approx. 10,244 SF of land) in Princeville (3995 Kamehameha Rd). Asking price reduced to $489,900 Days on market = 104

MLS #224854: 3 bed/3 bath (2206 SF of living area on approx. 15326 SF of land) in Princeville (5086 Napookala Circle). Asking price reduced to $799,800 Days on market = 48

[This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed]

Keep in mind, when buying an REO property, the Seller (i.e. bank) wants you to be pre-qualified and in some cases also provide proof of cash funds (i.e. for your down payment). In all cases, whether a single-family home or condominium, the property is sold "as is."

If anything here interests you, let me know. Or when paradise is calling you, call me! Mahalo!

Debra

Kauai realtor-associate Debra A. Jason