Kailua Real Estate on Oahu is in demand
and most Kailua real estate is selling with multiple offers. According to the Honolulu Board of REALTORS, Kailua Real Estate sold in April 2016 went for 100.8% of asking price on average.
This 1941 Kailua home SOLD by Home Shoppe Hawaii Principal Broker, Yvonne Ahearn, was no exception. Listed at $1,150,000, it sold for $1,178,500, in a competitive multiple offer situation. Even though Home Shoppe Hawaii clients paid over asking, they got a great deal since this Kailua home appraised at more than $80K higher. We LOVE when our clients walk into extra equity! And with our clients, it happens often - even in this Sellers’ market!
Photo Courtesy of HiCentral MLS. Listed by Elite Pacific Properties.
This Kailua home was located on a gigantic 14,315 sq ft lot in the Kalama Tract area of Kailua, with privileges to join the historic Kalama Beach Club. Being situated on Kainalu Road, it is also in a prime location on the Kailua 4th of July Parade route, making for a fun spot for large gatherings on this day.
There are so many possibilities for this fixer-upper-type Kailua home. There are 3 bedrooms and 2 bathrooms with a total of 2,091 squate feet, meaning the rooms are very large, compared to most Kailua homes. The home felt extra spacious also due to higher than average ceilings. The construction is solid CMU with a smooth stucco surface, and the home has a new roof.
The interior was in the process of renovation at the time of sale. The kitchen and bathrooms were not complete or functional, but, fortunately, all cabinetry and sinks were on premises. The incomplete nature of this Kailua real estate required some extra work to be done prior to closing, so that the loan would be approved. But it was no problem for Home Shoppe Hawaii, as we are used to handling complicated loans and transactions, and have worked with this type of loan frequently.
This beautiful Kailua real estate features a grassy, fully-fenced lot, with a gate. There is a large (333 sq ft) covered lanai attached to the front with a beautiful and uniquely shaped mango tree, hanging over a gorgeous, original Koi Pond. This Kailua home featured also, as cottage-like detached garage with a large extra room and bathroom. Here’s the possibility of renovation into a studio guest suite!
If you are interested in buying (or listing) Kailua Real Estate, please contact Yvonne Jaramillo Ahearn (B) at 808-721-8088. We can help you find a great home in Kailua!