Home for Sale at 15-1668 13th Ave, KEAAU, HI 96749

15-1668 13th Ave
Keaau, HI 96749

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Property Details

List Price:	$520,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	1922
Agency:	Better Homes and Gardens Real Estate Hank Correa R

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	2008
Notes:	Welcome to this charming 3-bedroom, 2.5-bathroom home nestled on a sprawling one-acre lot, offering ample space and potential for your dream oasis. While this property is in need of some tender loving care (TLC), its prime location and generous land size present an exciting opportunity for renovation and customization to suit your preferences.<br /> <br /> Upon entering, you'll be greeted by a cozy living area, perfect for relaxing evenings or entertaining guests. The kitchen, though requiring some updates, provides a functional space ready to be transformed into a culinary haven. Adjacent to the kitchen you have a built in bar and a dining area that offers a warm atmosphere for family meals or gatherings.<br /> <br /> This home boast a "split-living" floor plan down the main hall you will find 2 bedrooms and a full and half bath. The primary suite boasts an attached bathroom for added convenience, a large walk in closet and a sliding door for access to your covered back lanai.<br /> <br /> Outside, the expansive one-acre lot beckons with endless possibilities. Whether you envision lush gardens, outdoor living spaces, or recreational amenities, there's ample room to bring your vision to life.<br /> <br /> Located in a desirable neighborhood, this property offers the perfect blend of tranquility and convenience. With some TLC and creativity, this charming house has the potential to become your forever home. Don't miss out on this opportunity to make it your own!
MlsNumber:	708550

Listing Provided By:	Better Homes and Gardens Real Estate Hank Correa R, original listing
Name:	Better Homes and Gardens Real Estate Hank Correa R
Phone:	(808) 961-3300
Office Name:	Better Homes and Gardens Real Estate Hank Cor
Office Phone:	(808) 961-3300
Agent Name:	Jonathan Correa
Disclaimer:	Copyright Â© 2024 Better Homes and Gardens Real Estate. 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