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15-121 Kuna St
Pahoa, HI 96778
$548,800
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1736
Property Description
This home is immaculately maintained and custom designed by the current owners. Located on Kuna Street in Hawaiian Shores Recreation Estates you are just up the street, one block, from the ocean and the park along the shoreline. The owners maintain the home and the grounds with the utmost care. The home has two living areas on each floor, vinyl windows, a very smart decision with a home near the ocean, that bring in loads of light. The upstairs was previously utilized as a hosted vacation rental and has a separate entrance from the first floor. This second level hosts two bedrooms and 1 bath. It has ocean views from the upper deck as well as from the kitchen and dining area. The kitchen is open to the dining area and living room. Downstairs is the Primary Suite with a full bath, lots of storage space, a 1/2 bath for guests, and an efficiency kitchen.

The large decks, upstairs and downstairs, offers a large area for outdoor living. Outdoor lighting makes use of these decks in the evening too! Also included is a fully permitted gazebo, approximately 12 x 12 and concrete patio area, perfect spaces for enjoying Hawaiian weather, more outdoor entertaining, BBQ'ing, enjoying the ocean breezes or gazing into the forested 300 acre parcel behind the home.

Enjoy the convenience of a propane water heater. The house was built with R-30 insulation under roof helps to keep the house cool. The roof was painted in 2015 and is in excellent condition. Laundry area is located in the large 2 car garage with automatic garage door openers and storage area. The landscaping boasts lovely flowering shrubs, lemon, lime, tangerine trees and pineapples. Designed for low maintenance, this yard is easy to keep!

This area of homes near the ocean has a group of folks who are very community minded and have created a close knit group of helpful and supportive neighbors. A very special neighborhood indeed.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
706595
Location
Address
15-121 KUNA ST
City
PAHOA
State
HI
Zip Code
96778
County
HAWAII
Listing
Provider
Name
Compass
Phone
(808) 762-1796
Office Name
COMPASS
Office Phone
(808) 378-5447
Agent Name
Donna Duryea

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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.