Plantation at Princeville condos UPdate ~ Condos for sale 9.18.2010

Current Plantation at Princeville listings, Contingent/Under Contract listings, and sales over the past year

 

The chart includes active links, so you may click on the underlined MLS # to access details (description, monthly maintenance fees, annual taxes, etc) and photos. Listings shown in red are properties offered as short sales, listings shown in blue are REO/bank owned properties.

 

There are currently 9 units for sale with asking prices ranging from $415,000 to $625,000. Of the current listings one is offered as a short sale, none are bank sales and 8 are "regular" listings.

 

There are two contingent property listings, though short sale offerings are shown as contingent if an offer has been submitted to the lender even if it has not been accepted and therefore back-up offer opportunities may exist.

 

In the past 6 months/year there have been two sales both of 3 bedroom units.  The most recent final sales price was $400,000 in June of 2010 for unit 1421.

 

Please do not hesitate to call or email if you have additional questions or would like additional information.

 

Mahalo, Jamie

 

COMPARABLE LISTINGS FOR SALE
MLS #	Location	Beds	Baths	Sq Ft	Price
233255	Plantation At Princeville #622	3	3	1,366	$415,000
234973	Plantation At Princeville #1612	2	2	1,153	$450,000
233081	Plantation At Princeville #1111	2	2	1,153	$469,000
234452	Plantation At Princeville #612	2	2	1,153	$497,500
233890	Plantation At Princeville #1712	2	2	1,153	$519,000
238771	Plantation At Princeville #322	3	3	1,318	$547,500
228849	Plantation At Princeville #711	2	2	1,153	$549,000
216921	Plantation At Princeville #121	3	3	1,318	$598,000
226280	Plantation At Princeville #1321	3	3	1,318	$625,000
COMPARABLE LISTINGS WITH CONTINGENT SALES
MLS #	Location	Beds	Baths	Sq Ft	Price
236584	Plantation At Princeville #611	2	2	1,153	$377,000
237662	Plantation At Princeville #321	3	3	1,318	$384,900
COMPARABLE LISTINGS THAT HAVE SOLD
MLS #	Location	Beds	Baths	Sq Ft	Price	Sold Price	Sold Date
228374	Plantation At Princeville #1421	3	3	1,318	$449,000	$400,000	6/28/2010
215869	Plantation At Princeville #422	3	3	1,318	$449,900	$440,000	10/8/2009

 

 

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.FollowJamie.com

*Status and availability of listings subject to change, please contact agent for updated information, status, and listings.

**Blog represents status current for the day of posting only, properties listed for sale may be sold or taken off the market with no additional posting or notice

 

What's a Short Sale

What's a short sale?

A short sale is when an owner isselling a home for which the current loan balance (pay off amount) exceeds the current market value of the property. Occasionally, though not kindly, referred to as being "upside down" or "under water" ~ i.e. owing more than it is "worth".

Generally owners would opt for a short sale when they can no longer afford the mortgage payment and re-financing and/or loan modification (reducing payments via the lender) are not an option. Though there are other reasons an owner may have to sell (for example to relocate for a job or personal reasons), for which refinancing or modifying the loan would not work for their circumstances. Regardless of the circumstances, a short sale can only be completed with the lenders consent and all sales are subject to lender's terms and conditions.

The advantages to a seller considering a short sale:

· Avoiding foreclosure

· Potentially preserving their credit report as, in theory, delinquent payments to the lender and a completed short sale will appear "less worse" than a foreclosure (*not guaranteed as it does depend on how it is reported by the lender to the credit report companies)

· Potentially avoiding a deficiency judgment (lender pursuing the seller for the remaining balance of the loan: the difference between the loan balance and the net sales proceeds to the lender). This varies amongst lenders, but lenders may pursue a deficiency judgment with both a foreclosure and a short sale, and some will waive the right to a deficiency judgment in the short sale acceptance/approval terms and conditions. *Of note, some states do not permit deficiency judgments or limit the amount that may be pursued.

Why would lenders agree to this?

· Since the owner is no longer paying the mortgage (in most cases), the loan is not bringing the lender any income (aka it has become a non-performing asset), permitting a short sale results in a lender losing less money in the long run

· The foreclosure process can be costly and slow and the value of the property may continue to go down. In addition, once the property is foreclosed on, the bank then has to spend time and money on it (maintenance, other carrying costs, commissions on the sale, and the costs associated with the sale)

Additional resource links:

· Making Home Affordable: Help for America's Homeowners

· Home Affordable Refinance

· Home Affordable Modification

· Home Affordable Foreclosure Alternatives (HAFA)

· Look Up Your Loan

· Find a HUD Approved Housing Counselor

There is a wealth of information on the internet and I am also happy to answer any additional questions you may have.

Please continue to follow my blog as I post additional information for buyers and sellers of short sales.

Mahalo, Jamie

***All owners/sellers and buyers in a short sale transaction should be aware that short sales can have legal, financial, tax and credit consequences and are advised to seek professional advice from an attorney, accountant, and tax professionals prior to entering into a short sale.

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

http://www.blogger.com/jamiejoy@aloha.net

http://www.blogger.com/www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.followjamie.com/

Sandpiper Village Condos For Sale

Sandpiper Village Condos, Princeville, Kauai, Hawaii

Great location! 2 bedroom and 2 bedroom + loft units within the complex.

Great big pool, beautiful landscape, and more!

Current available listing is a 2 bedroom + loft with Golf Course and Mountain Views.

Sales in the past 6 months of a similar 2 + loft unit closed at $270,000.

See chart below of available listing, escrows, and sales over the past 6 months. Listings black are "regular" owner listings or sales, listings in red are/were offered as short sales, listings in blue are REO/Bank owned units. Click on the underlined MLS # for additional details and descriptions.

Enjoy!

COMPARABLE LISTINGS FOR SALE
MLS #	Location	Beds	Baths	Sq Ft	Price	Sold Price	Sold Date
236069	Sandpiper Village I #206	2	2.5	1,173	$249,000
COMPARABLE LISTINGS WITH CONTINGENT SALES
MLS #	Location	Beds	Baths	Sq Ft	Price	Sold Price	Sold Date
225703	Sandpiper Village I #134	2	2	1,042	$209,000
224335	Sandpiper Village I #111	2	2	1,042	$220,000
232853	Sandpiper Village I #108	2	2	1,042	$220,000
236265	Sandpiper Village I #123	2	2	1,042	$250,000
227584	Sandpiper Village I #128	2	2	1,042	$270,000
COMPARABLE LISTINGS THAT HAVE SOLD
MLS #	Location	Beds	Baths	Sq Ft	Price	Sold Price	Sold Date
229521	Sandpiper Village I #115	2	2	1,042	$214,900	$214,900	3/31/2010
227585	Sandpiper Village I #228	2	2.5	1,173	$349,000	$270,000	8/27/2010

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

Follow me on Facebook, Twitter and more! http://www.followjamie.com/

Kauai Beach Resort Unit 2308 for Sale

Kauai Beach Resort unit 2308 with Pool and Ocean Views

Finely Appointed Unit in Oceanfront Complex with Resort Amenities.

Click here for listings details.

Click here for photos

Offered at $89,000

Additional information:

· This Kauai Beach Resort unit is a studio unit. This was a hotel conversion to condo (also known as condo-tel) and the units do not have kitchens or kitchenettes though they do have mini-fridges.

· Units are not eligible for conventional financing so units are offered for cash purchase only.

· Monthly maintenance fees are approx $918.00, this includes electric, air conditioning, basic cable, exterior maintenance and insurance, common area maintenance (pool, landscape, lobby, parking area, etc), trash removal, water, and reserves for future improvements

· Current annual taxes are approx $606.52

· Kauai Beach Resort unit 2308 is on the third floor of a four floor building.

Jamie Friedman (RA)

Prudential All Star Realty

direct (808) 634-2011

fax (808) 356-1342

jamiejoy@aloha.net

www.MyKauaiProperty.com

Follow me on Social Media! http://www.followjamie.com/

Twitter: www.twitter.com/jamiefriedman