D.R. Horton’s new construction 2 and 3 bedroom condominium homes at Kahiku are coming to a completion. The final stage of Phase II, buildings 19 and 20, will be offered via lottery on December 14, 2016. Lottery packets, which include an Owner Occupancy Affidavit that will need to be notarized, are due no later than Wednesday, December 7, 2016 at 5:00PM.
Affordable Housing Units
The final stage of Kahiku are comprised of affordable housing units only. These are units offered at a substantial discount to consumers who meet an income maximum requirement, household size requirement and previous home ownership requirement. There are also other restrictions and limitations. Regardless, it is a wonderful opportunity at ownership, with 2 bedroom units selling at $403,000 and 3 bedroom units ranging from $413,000 to $428,000. Units are all 2-story with open floor plans.
More Information
Please feel free to contact me directly to preview the models, or for additional information or assistance getting registered.
Katie Minkus, R(BIC)
December 21, 2009
Aloha, Sagar. I’d like to learn more about how assessed values work on Kauai. Here on the Big Island, it is mostly meaningless to compare assessed value with sold value because the tax assessor simply doesn’t (can’t?) keep up with re-assessing every property on the Big Island every year. I own a property that hasn’t been re-assessed since before I bought it in 2003 (shhhhh… don’t tell the county!).
Sagar Hallal, RA
December 21, 2009
Good question, Katie. It appears as if most properties were re-assessed in 2009. Maybe someone reading this knows for sure, and whether it will happen every year. Obviously, this shorthand only works with a current assessment. And even then, it doesn’t apply in equal measure across the board. Best to zero in on specific localities and types of properties, and compare like to like.
David Buck
December 22, 2009
Oahu re-assesses every year & assessed values have been going down the last 2 years. My property taxes are $200 less a month than they were last year 🙂 In general here, sales prices are almost always higher than assessed values. A few years back however, the city got ahead of themselves and “overvalued” assessments which caused over 7,000 residents to appeal their tax bills…
Matt Beall, PB
December 22, 2009
David, did you say your Assessed Value went DOWN?? Amazing, what a novel concept.