Home for Sale at 4100 QUEEN EMMA'S DR, PRINCEVILLE, HI 96722

4100 Queen Emma's Dr
Princeville, HI 96722

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Property Details

List Price:	$1,495,000
Beds:	2
Baths:	3
Status:	Active
SqFt:	1738
Agency:	Oceanfront Realty International, Inc.

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2007
Notes:	Arrive at your luxurious and sophisticated townhouse in the very upscale Princeville resort; open the door and you are truly home. Whether this is your primary home or a second home; this will become your favorite. Living is easy; the unit features an extra-large two-car garage that is accessed from inside your home. Downstairs is a sumptuous master suite with access to a private lanai. Upscale flooring, fixtures, grass-cloth wallpaper and more. The stairs and living spaces on the second floor are finished in a grand Hard Rock Maple wood that adds to the space and dimension of this grand area with 11 foot ceilings. The kitchen, as you would expect in a home of this caliber, is finished with top-of-the-line appliances, slab granite countertops and custom cabinetry. One of the original owners in the complex; the seller installed $50,000 of upgrades over and above the top end level of finishes already included when the unit was completed in 2007. An additional master suite is also located upstairs that is equally impressive. An elegant half-bath with grass-cloth wallpaper and other stylish finishes is available for your guests. Other items of note are the use of slate, custom plantation shutters, distinctive fans, light fixtures, mirrors and more.<br /> The association also features great amenities consisting the three heated pools, a spa, two barbeque & party areas with many special features, and, of course, the beautiful landscaping that enhances the incredible island living in a tropical paradise like Princeville.
MlsNumber:	707675

Listing Provided By:	Oceanfront Realty International, Inc., original listing
Name:	Oceanfront Realty International, Inc.
Phone:	(808) 826-5440
Office Name:	Oceanfront Sotheby's International Realty
Office Phone:	(808) 826-7211
Agent Name:	Mark Goodman
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