Kailua Village Condo for $99,000 ! Hawaii living at its best.

Real Estate Agent with Kona Home Team (luva llc) RS 62947

Just recieved a call from a client, Hey Lance - whats my Kailua Village unit 610 worth these days. Now you would have to know that  I had this in escrow for him at $250,000 3 years ago, (fell out - so he pulled it) so I need to be a little delicate with my answer, and he is up there in the years, so that adds a Little more concern to what i'm about to tell him, I mean there is no one around to help him up off the ground when I give him this news - but hey - it is what it is - As were talking and I am pulling up listings, I figure here is my break, I will get him to sit down at his computer to look at the comps with me - That way I dont have to be concerned about his falling down.

Lets see, ground floor just sold at $74,000 - Nothing - didn't here a thump on the other end, just kind checked real quick - Hey El - you there - slow response back - yaaaa, then I let him know it was all original decor, with no views

Ok, 4th floor just closed at $95,000 - looks like its all still 70s decor, with a little peek-a-boo view, things are looking little better for my client. we all know that as a rule of thumb - a nice ocean view adds $25,000 to a listing - remember, just a rule of thumb.

So if I add $25k to the 74k sale, and figure the peek-a-boo was worth about 15-20K - I am fair to put a number of $99,000 on it. Waiting for the reaction? It didn't come, maybe a little, but not much - 10 minutes later I have this great listing at $99,000 - and its currently rented for $950.00 a month.


Get this too - Owner will finance if buyer has a significant down payment !

Let me know if you have any investors interested.

kailua Village

kailua Villagekailua Village




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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383



LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza

Comments (2)

The Jeff Rickert Team
RE/MAX Property Specialists - Pocono Lake, PA
Poconos - RSPS - The Jeff Rickert Team

Thanks for the post.

What a view.

Good luck with it.

Sep 15, 2010 01:54 PM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

May you get qualified buyers and get a quick sale and fast closing. All the best.

Sep 15, 2010 04:19 PM