Nanawale lot sells for 5,000

[rusty h]

i was shocked to see a lot in Nanawale sell for $5,000 after being on the market for 49 days.

can anyone remember the last time lots in Nanawale were selling for that price? I thought $10,000 was a great price

peace

[oink]

It doesn't mean much without knowing the lot.

Pua`a
S. FL
Big Islander to be.

[John S. Rabi]

quote:

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Originally posted by rusty h

can anyone remember the last time lots in Nanawale were selling for that price? I thought $10,000 was a great price
peace

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I bought a lot in Nanawale Estates for $2,500(!) 10 years ago. []

Aloha,
John S. Rabi ABR,CM,CRB,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"

[Easygoing]

It looks like prices are dropping in Puna too. Wonder if the property taxes will start going down too.

[emorata]

i've just checked my new assessments, looks like values dropped 5-10K in most subdivisions but the home valuations jumped up substantially, leave it to the county to still make a buck even when values are starting to depress.

[gtill]

Do I hear , 2 lots under 20K anywhere in the region!

[leilaniguy]

That Nanawale lot may be a real dud too. There are some lots below Nanawale Blvd. between Kehau and Hapuu St. that are unbuildable without an elevator.

[Hotzcatz]

Last lot I bought in Nanawale was in '93 or '94 and it was for $3K. I've seen them for as low as $1,500 before. That was right after sugar left, though. I'm guessing you'll have quite a few to choose from starting around $3K to $4K in the next couple of years and with the occasional distressed lot going for about half of that.