Kula, Maui Short Sale Screaming Deal!
We all know that there are a lot of great deals in Maui right now, but when a property is priced about $1,000,000 below replacement costs—it’s clearly time to put the offer pen to paper. 88 Kahewi Place in Kula (click here to view full listing details) is a 3 bedroom/2.5 bathroom home (MLS# 331208) with a little over 4,000 sq. ft. of living area with a one bedroom/one bathroom cottage on a little over 5 acres with gorgeous bi-coastal ocean views which represents tremendous value at $1,195,000.
There is also a 3,000 sq. ft. work shop with a 1,200 sq. ft. attached garage, ideal for car collectors, equipment storage, or just toys. This is a short sale property, but the bank has already approved the price and has indicated that they are not going to take any less than $1.1 million. This means that the closing time frame for this home should be very close to a regular sale – I have closed my last 2 short sale transactions in 3 and 4 months respectively and these were non-approved prices, so this one should be even quicker.
I visited this property a couple years ago when it was on the market for almost $3,000,000, and was very impressed with the home and the property. This property just fell out of escrow and there is no question that it will not last long. If you are interested in more photos, detailed information, or full length videos of the home and property, please contact me directly, as I am here at your service.
Please reach out directly to me at my below contact information, or feel free to create your own HawaiiLife.com account, where you can view all properties on the MLS and save your favorites. Just click here and you will see the tab at the very top right of the page that says Sign Up, which you can then click on and follow the steps—it is easy and rewarding.
This is the Kula life, the Maui life, the Hawaii life.
Jeremy Stice, R(S)
Hawaii Life Real Estate Brokers-Wailea,Maui