Posted by Ron Margolis, RA, ABR on July 8th, 2010 |
Tags: For Sale, Hawaii, Homes, Kapaa, Kauai, Vacation Rentals
Kitchen and living room with natural light at 4852 Hauaala Rd. (MLS# 233613)
I have met many local property owners who are always in the market for a good investment property. Some define that as a multi-family property with multiple rentals. I have two short sale opportunities on Kauai’s east side that provide such an opportunity. Read entire post →
Posted by Ron Margolis, RA, ABR on May 9th, 2010 |
Tags: Condos, Deals, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Koloa, Princeville, REO
As we moved from April into May’s market the number of distressed property listings continues at a brisk pace.
There are three new short sales at the Kauai Beach Resort including a unit at $40,000 (MLS# 234148). Pretty soon they’ll be paying us to take these units, LOL.
At the Islander on the Beach, a smaller condotel complex in a great location across from the Coconut Marketplace, we had 5 new listings that are Kauai REO’s from Pacific Rim Bank, plus a new short sale listing. Prices have adjusted at this complex so that the choicest oceanfront units (truly oceanfront where the pounding surf may keep you awake at night) have adjusted from their selling price of $350,000 to between $150,000-165,000 (MLS#234015 & MLS# 234481)—a correction of over 50%.
Check out all Kauai Foreclosure Listings →
Posted by Ron Margolis, RA, ABR on April 10th, 2010 |
Tags: Anahola, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Kilauea, Lawai, Lihue, Moloaa, Poipu, Princeville, Puhi, REO, Short Sales
Whatever your price range, there’s an REO for you.
Kauai’s REO inventory offers homes in multiple price ranges, although the majority of the bank-owned properties are in a more modest price range. When the banks foreclose, the banks have already done an appraisal and are pretty clear on the value of the home. REO listings are generally very well priced, and there’s not too much negotiation on them. In fact, a bank-owned Nihilani in Princeville listed for $418,900, almost $100,000 below the current market value of these modern townhomes, and no wonder there were four offers above asking price within a week.
Custom home with big ocean views (MLS# 233650) - waiting for you to finish
Here are the newer REO listings you may consider:
Posted by Ben Selvage, RA on April 9th, 2010 |
Tags: Acreage, Deals, Farm, For Sale, Hawaii, Kapaa, Kauai, Land, Ocean View
If you have been dreaming of owning acreage on Kauai, now may be your time. Kalalea Ranch (MLS# 222836) offers 40.6 acres of usable agricultural land for only $40,000 an acre, complete with expansive ocean views and a direct view of “Kong” and the Kalalea Mountain Range.
40.6 acres of usable farmland overlooking the ocean Read entire post →
Posted by Ron Margolis, RA, ABR on March 30th, 2010 |
Tags: Condos, Deals, For Sale, Foreclosures, Homes, Kapaa, Kauai, Land, Lihue, Princeville, REO, Short Sales, Wailua
While we have a few new REO listings and there are 16 Kauai REO properties in escrow, we continue to see an increase in short sales. Once the major lenders launch their participation in the HAFA program, we will continue to see more short sale opportunities and hopefully the time frame from writing an offer to a successful closing will get shorter. As an advanced member of Distressed Property Institute, we have a website that will help you understand what HAFA is all about.
Here are the latest list of Kauai Short Sales and Kauai foreclosures for the last two weeks.
1) Two excellent Princeville condo opportunities listed in the last couple of days. 
The Plantation at Princeville is a complex of 68 two and three-bedroom condos. Unit 622 (MLS# 233255) is a short sale listed for $415,000. Three bedrooms and three baths and this list price is now below the developer’s original prices in 2004 when the project was started. Each unit has a single car garage.
Plantation at Princeville short sale until location within complex
The other Princeville value (may be sold by the time you read this posting), is an REO at Nihilani at Princeville for $418,900, a modern condo complex of 34 triplexes (the last three units are just being built).
3 bedroom unit, turnkey vacation rental, Nihilani at Princeville Resort
The location of Unit 13C (MLS# 233385) is by the front entrance and on Pepelani Loop, so it will be a busy location. BUT, the unit has multiple upgrades including plantation shutters, built-ins in the closets and in the office, and appliances like a Fisher-Paykel dishwasher (I want one of those, you don’t have to scrub the dishes before putting them in the unit). A three-bedroom Makani floor plan has never sold at Nihilani for under $500,000 so this unit is definitely a deal.
2) In the condotel space, we have six new listings Read entire post →
Posted by Ron Margolis, RA, ABR on March 16th, 2010 |
Tags: Condos, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Kilauea, Lihue, REO, Short Sales
The last two weeks have seen a lot of auctions for Kauai foreclosures postponed on the courthouse steps.
Here are the latest list of Kauai Short Sales and Kauai foreclosures for the last two weeks.
Sub $100K Kauai condo without kitchen.
1) Listed at $75,000, Unit 126 (MLS# 232544) at the Kauai Beach Resort is in building 1 with an ocean view. Many people are attracted to a Kauai condo at the sub $100,000 price. It’s crucial to know that this unit is a hotel room and does not have cooking facilities. It DOES however have consistent revenue as the Kauai Beach Resort is a wonderful place to stay and vacation.
This is one of the lesser priced homes on Kauai’s eastern shores.
2) This small home on Puka St. (MLS# 232705) on the northern end of Kapaa is not quite a short sale but for an offer under $220,000 it will most likely become one. Read entire post →
Posted by Ron Margolis, RA, ABR on March 16th, 2010 |
Tags: First Time Buyers, Foreclosures, Hanalei, Hawaii, Kapaa, Kauai, Koloa, Lihue, Poipu, Princeville, REO, Short Sales, Wailua
Time is running out for the extended first-time homebuyer’s tax credit.
Join the experts from Wells Fargo Home Mortgage, Title Guaranty Escrow, Hawaii Life Real Estate, and 101 Financial who are co-sponsoring four free first-time homebuyer seminars on March 22, 24th and 26th and the following week on April 1st. Register online →
Sometimes when buying a first home, home buyers can get overwhelmed by the paperwork and the process. By attending this seminar, you ‘ll get a great head start on understanding this process of home ownership and acquire the knowledge that will help you be more confident when purchasing. Attendees are suggested to bring a notepad to take notes, and there will be plenty of handouts for each of the seminar participants sponsoring the event.
Our group of presenters will tell you what you need to know and help you avoid an potential scam that may come your way. Read entire post →
Posted by Ron Margolis, RA, ABR on March 4th, 2010 |
Tags: Condos, For Sale, Foreclosures, Hawaii, Homes, Kapaa, Kauai, Land, Lihue, Princeville, REO, Short Sales
The latest two weeks of new listings on Kauai feature something old and something new.
My new listing of 10.8 acres on Kuamoo Rd. offer a superb opportunity for a developer.
Zoned R-2, 2 homes to an acre, this is an opportunity for a smaller subdivision or CPR. Let me know if you need a preliminary map or topo of this property. Read entire post →
Posted by Sagar Hallal, RA on February 27th, 2010 |
Tags: Education, Hanalei, Kapaa, Kauai, Kilauea, Land, Life, Lihue, Wailua
It seems so simple: put some seeds in the ground, water them, harvest the results. But anyone who’s experienced the joys and frustrations of growing a vegetable garden knows how thoroughly complex it can be. Multiply that by 10, or a hundred, and you’ve got the life of a farmer.
So, we are very thankful for people like Glen Hontz. Glen is going to be launching a 15 week Organic Gardening and Farming training program on March 4, at the Kauai Community College, meeting for 5 hours every Thursday till June. Read entire post →
Posted by Sagar Hallal, RA on December 21st, 2009 |
Tags: Kapaa, Kauai, Princeville, Sales Stats
Two questions we never tire of asking – what’s selling, and for how much?
Let’s look at residential sales in two spots – Princeville, and Kapaa/East side. We’ll use sales data from Oct 1 to Dec 19. Since we don’t have access to appraised values, we’ll use what we DO have, which is County assessed value. It’s not perfect, but it’s something.
And finally, here’s the part where I make my appeal – Sellers, if you want your property to sell, please look at the above information and price your listing accordingly.
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