Aloha,
Here is a property that just came onto the market.
List: $365,000 FS – Fee Simple
Addr: 54116 Kawaipuna St
City: Hauula HI Zip: 96717
Regn: Kaneohe Neighborhood: HAUULA
Roofd Liv Ar: 1,088
Bedrms: 3
Yr Built: 1976
Baths: 1 / 0
Land SF: 5,193
Zoning: 05 – R-5 Residential
It’s a short sale and it needs some work on the roof. A short sale means that they are selling it below the amount that is owed on the mortgage. The lender/bank will have to approve the sale.
These types of deals are a little bit tricky and require a lot of coordination. If it becomes a distressed property, where the seller is not making payments, then it gets even trickier.
The list price is $10,000 higher than a property in the area that sold recently. That property was
Addr: 54137 Kawaipuna St
City: Hauula HI Zip: 96717
Regn: Kaneohe Neighborhood: HAUULA
Roofd Liv Ar: 1,458
No Bedrms: 4
Roofd Oth Ar: 445
Yr Built: 1981
Baths: 2 / 0
Opn Lanai Ar: 105
Garage SF: 340
Land SF: 5,126
Zoning: 05 – R-5 Residential District
In the previously sold property, you got an extra bedroom and extra bathroom.
The sellers and the lender should be willing to look at reasonable offers.
Comments or questions. Let us know.
Thanks and Aloha!
