Kauai REO, Kauai, Hawaii Foreclosures, July 26, 2010 Update

This is an update to the July 1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the July 1, 2010 list to see the complete list of Kauai REO properties.

New Kauai REO Listings:

#1. 2271 Haku Hale St, Brydeswood Terrace, Kalaheo. 3 bedroom 2 bath home with family room. MLS#237208 $299,900. Owned by One West Bank. (formally IndyMac Bank).
#2. Kawaihau Sports Villas #D202,  Kapaa. 2 bedroom 2 bath cond0. MLS#237084. $151,900. Owned by Fannie Mae.
#3. 4745 Apopo Road, Kapaa. 5 bedroom 2 bath house. MLS#237100. $319,900. Owned by Fannie Mae.
#4. Hanalei Bay Villas #1. Princeville. A 2 bedroom 1.5 bath condo. MLS#237167. $614,900. Owned by Bank of America.
#5. Kauai Beach Resort #2306. Lihue. Studio unit with resort/ocean view. MLS#237207. $42,600. Owned by Chase.

Under contract Kauai REO:

#1.  5915 Kaapuni Road, Kapahi. 2 homes for a total of 5 bedrooms 2.5 baths on a level acre. Privacy hedge. $511,000. MLS#235837. An IndyMac/One West Bank REO.
#2. 318 Aina Lani Pl, Wailua Rise subdivision. A large 4 bedroom 3 bath home with a 1 bedroom 1 bath guest house on a half acre. $599,000. MLS#234207. Owned by US Bank National Assn.

Price Changes:

1. 5587 Kawaihau Road, Kapaa, 3 bedroom 2 bath good condition home in Kapaa. MLS#236458. $239,900. A Chase REO.
2. 5176 Hau’oli Place, Kapaa. 4 bedroom 3 bath 2 story  home. MLS#235054, $334,900. A Fannie Mae REO.
3. Koloa Gardens Apartments #6, Koloa, $285,900 MLS#235336. Spacious 2 bedroom 2 bath condo. Upstairs corner end unit. No vacation rentals at this complex. A Fannie Mae REO.
4. Kauai Beach Resort #2301. 320sq.ft 0/1 MLS #235218. $39,900. A Freddie Mac REO.
5.  Kauai Beach Resort #1116, Lihue. Ground floor studio $59,900. MLS#236029

Sold Kauai REOs:

1. 4840 Pelehu Road, Kapaa. This is a vacant lot of approximately 18,422 sq. ft. It is zoned for 1 house but the former owners obtained a ADU clearance form enabling the owner to build a second house.  MLS# 233152. $124,900.  Sold for $120,000 7/20/2010 Cash. A OneWest Bank (formerly IndyMac)) REO.
2. 3599 Horita Road, Lawai. A 4 bedroom 2 bath home on a 10,303 sq.ft. lot. The home is in good condition but there is a roof leak. $399,900. MLS#234468.  Sold $410,000 FHA 7/21/2010.
3. Hale Honu 2A, Princeville. 2 bedroom 1 bath condo. Freddie Mac/Fannie Mae REO . MLS#230827. $194,900. Solf for $204,000 7/23/2010 CNV.
4. 4641 KuiLei St, Lawai. 6 bedroom 5 bath home (set up like a duplex) for $459,900. Sold for $450,000 7/16/2010 CNV. MLS#229540 Freddie Mac REO
5. Puamana #19B, Princeville. A 2 bedroom 2 bath condo of 1532 sq.ft. $229,999. MLS#232789. First Hawaiian Bank REO. Sold for $245,000 7/23/2010. CNV.
6. Hanalei Bay Resort H23, Princeville. 2 bedroom 2 bath condo . MLS#234870 $480,000. Owned by 1st Hawaiian Bank. Sold for $483,280 on 7/19/2010 CNV. (CNV=Convention loan)
7. Islander on the Beach #127. Studio unit MLS#234481. $150,000. Solf for $147,000 Cash 7/21/2010. Owned by Pacific Rim Bank.

Wow 7 closed REOs this week. It will be interesting to see at the end of the month if the percentage of closed REO sales went up from the 18% it was last month. By the way if you noticed my main website went down this weekend don’t fret it should be back up by Monday morning. Despite a lot of doom & gloom national media postings Kauai’s market appears to be holding steady, however there are more REOs on their way. So the point I’m making is I don’t think the market will go much lower but it is not going to go up either until the flow of REOs slows down. I am still receiving 3 to 5 new assignments a month. My advise , If you see a property you like you should buy it. Don’t wait until the ultimate deal. By that time the market may have gone up.

All available properties with MLS numbers can be plugged into my website atwww.kauaidreams.com for more info and pictures. Or feel free to call 808 652-6174 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 athttp://www.kauaidreams.com Search Kauai Property athttp://www.kauaidreams.comSearch Kauai real estate athttp://www.kauaidreams.com.

This is an update to the July 1, 2010 Kauai REO, Kauai Foreclosures, Kauai, Hawaii Foreclosures list. Scroll down to the July 1, 2010 list to see the complete list of Kauai REO properties.