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5897-c Kawaihau Rd
Kapaa, HI 96746
$1,799,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
3011
Property Description
Enjoy your own personal oasis down a long driveway off Kawaihau Rd.. Two homes with pool and hot tub on a half acre in cool, comfortable Kapahi. Beautiful lush landscaping throughout with some of the best fruiting trees one could ask for.

Both homes are 2 stories; the Main House was designed to have a large Master Suite that encompasses the entire ground floor level with its own livingroom/bedroom/office spaces and 1 full bathroom, laundry, and lots of storage. Upstairs of the Main House; a large living room space, lanai that overlooks the pool, an executive style kitchen with custom cabinets, Frigidaire refrigerator and freezer, a bedroom with its own 1/2 bath, hot tub and lanai, and 1 full bath in hallway.

Both upstairs and downstairs areas are spacious and clean where you'll love the prime view of the fenced yard, landscaping, pool and hot tub from every window. Landscaping and fencing also added in between the two homes gives a great sense of privacy.

The 2nd dwelling referred to as the Rental Unit is another great space. The downstairs section of this dwelling is currently set up as a home gym, its own living room and 1 full bathroom. This downstairs space opens up to a large enclosed patio for entertaining or adding your own above ground pool or hot tub. The attached "boat garage" space was converted into an impressive man cave with state of the art golf simulator, work bench, tool chest(s), gun safe, storage and AC. Upstairs of this dwelling is a large studio style living space with bedroom area, an office space, a mini kitchen set up (no stove), and 1 full bathroom, small lanai with private hot tub with very distant ocean view. All spaces at the Rental Unit have AC. Upstairs has views of Kong Mountain, Makaleha and Mount Waialeale.

Entry is all graveled for low maintenance, and dedicated parking areas for minimal overlap between Main House and Rental Unit occupants.

You won't be disappointed, come take a look.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
706594
Location
Address
5897-C KAWAIHAU RD
City
KAPAA
State
HI
Zip Code
96746
County
KAUAI
Listing
Provider
Hawaii Life Real Estate Brokers, original listing
Name
Hawaii Life Real Estate Brokers
Phone
(800) 370-3848
Office Name
Hawaii Life
Office Phone
(800) 370-3848
Agent Name
Martie Law

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.