A Tale of Two Houses | Charming Fixer & Upgraded Vintage in Kalama Valley
Two Similar Homes, Two Different Price Points
It’s surprising how two similar homes in the same neighborhood can be priced so drastically different. Or is it? Case in point — 1114 Mokuhano Street is listed for $935,000. It was built in the ’70s. It’s a 4 bedroom, 2.5 bath with approximately 1938 interior square feet (MLS #201913910).
Right down the street is a home listed by Sandwich Isle Realty for $1,150,000 (MLS# 201913203). It’s the same vintage. It has the same floor plan. Similar square footage. So, what accounts for the $215k differential in list prices? Upgrades! Mokuhano is a great property and is priced well. But it needs TLC. On the other hand, Kekaa‘s price reflects the owner’s investment of time and money.
Which Owner Stands to Net the Most?
It all depends. Each will likely net a price relative to what they have or haven’t poured into their property. Upgrades don’t generally yield a 100% of return, but they can help a home sell faster and for a higher price. A dated home may not offer as much appeal, but the lower price point means a larger pool of buyers. Some potential buyers may balk at the work. But, a fixer may be the right choice for someone wanting to put their own signature on a property. Each house will appeal to a different set of buyers. Each home has its own merit. Its own story to tell.
Want to Make Mokuhano Your Own?
Whatever story a house tells, it is the buyer who creates the future story. If you are someone who likes a little elbow grease and has a vision, consider 1114 Mokuhano Street. It offers one of the best “per square foot” prices in the neighborhood, and the floor plan is one of the most popular. Ceilings are high and open beam, and the family room is large. The expanded, covered patio a bonus! The master suite is spacious and has a private deck. It’s a great property and priced properly.
Make Mokuhano shine and make it your story! Click the following link to view the listing: 1114 Mokuhano Street