39% Off Waikoloa Village Home Listed Under $300,000 – 4 Bedroom

Listed at $182,900 below County Assessed Value!

Priced at under $300,000, this Waikoloa Village REO is a deal!

This Waikoloa Village REO (MLS# 234191) has  just been reduced in price from $300,000 down to $285,000. This home is located in Kipona Hills, a subdivision that I have lived in and think is one of Waikoloa’s nicest areas. Kipona Hills has wide streets, underground utilities, and sidewalks that are often crowded with Waikola’s famous early morning and sunset walkers.  

This 4 bed / 2 bath home, with 1,795 square feet and an attached 2 car garage, is fairly new, having been built in 2000.  Of course, you have to expect some repairs with an REO, and this home does have some “deferred maintenance” such as a backyard in desperate need of water and a carpet in need of replacing. That said, at this price, you can replace a lot of carpet and still come out way ahead.

Back of home has extra large lanai

You may, however, wish to change the layout of the house somewhat, as the master bedroom and its bathroom were at some point walled off from the rest of the house.  A portion of the bathroom was also converted into a kitchen, and access to this little mini home was created through the garage. This is a good example of the many not-so-legal rental units found in Waikoloa Village. On the other hand, you may wish to keep the walled off portion as it is, serving as a great unit for long-term visitors or aging parents.

The house is priced at about 71% of its assessed value of $401,000. The price per square foot is $159, which is one of the better deals to be found in Waikoloa right now.

For more information about this or any other home or condos in Waikoloa Village,  please contact me.