Home for Sale at 54-540 KAPAAU RD, KAPAAU, HI 96755

54-540 Kapaau Rd
Kapaau, HI 96755

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Property Details

List Price:	$1,900,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	2563
Agency:	Hawaii Life Real Estate Brokers

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Description/Comments

Lot Size:	2 acre(s)
Property Type:	Residential
Year Built:	2006
Notes:	This custom plantation style home was built in 2006 and offers the beauty and function of a classic tropical home while also being modern and efficient. The owners designed and built this home largely themselves and their attention to the details is easily appreciated and enjoyed. The primary bedroom has an attached full bathroom, and the second bedroom is currently being used as a den. A large, protected screen porch was designed and is being used as a third sleeping space. The kitchen includes a brand new GE slide in gas stove, Silverstone Pietra quartz countertops and a large custom Koa and Monkey Pod wood island with lots of room for entertaining, baking or having a snack.<br /> Just off the kitchen is a covered porch that wraps around the house to an expansive ocean view. Several additional covered outdoor living spaces with Ipe hardwood decking offer areas for reading, entertaining or watching the barges go by out in the ocean. A hot tub is located in an open area offering you a relaxing soak and magnificent nighttime views of the stars. <br /> With almost three acres of land, this flag lot property provides privacy, lots of open space and versatility. The owners have fenced the majority of the property offering large spaces for pets, gardening, extended family or outdoor hobbies and sports. There are white pineapple, papaya, lemon, several coffee trees and a fruiting orange tree already on the property for your enjoyment. <br /> A separate unpermitted cottage on the property with an additional 660 sq feet of living space and provides yet another choice for hobbies, guests or possibly a studio.<br /> See attached virtual tour for drone video.
MlsNumber:	707113

Listing Provided By:	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:	Teri Takata
Disclaimer:	Copyright Â© 2024 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing