Tuesday, October 16, 2007

What can you get for $300k?

I've had a few different clients this month looking for condos in the $300k range. I'm not sure why they all three showed up at the same time, other than that they were all military. It was an interesting thing to see what kind of different properties we could find in that price range in various areas.

In Kaneohe we found some low rise concrete building condos at Na Pali Gardens for $300k, with 2 bedrooms and 1.5 baths, a nicely redone kitchen, about 900sqft. They had only 1 parking spot, which was kind of a bummer. The building is in good condition for being almost 40 years old, and the complex has a decent pool too. Kaneohe is really starting to make a turn around with recent renovations in the downtown area. Most don't have laundry in the unit, but a few people have somehow gotten them in there.

In Waikele, we found 2 bedroom condos built in the 90's with about 750sqft, 2 parking stalls, and a little lanai. The properties feel totally different, more like suburbia. The kitchens were decent but not old enough to have been remodeled yet. You get 2 parking spots, and a short drive to costco. You also get a washer dryer in the unit.

In Waikiki, we found some 1 bedroom studios of around 550-600sqft, in highrises, but only a couple blocks to the beach and all the action. I also found an apartment building conversion, which seems like has been very nicely done with new appliances and remodeled lobby to feel more luxurious. If you want a studio in Waikiki, about $300k will do it, surprisingly. You can live close to Ala Moana or right on the Ala Wai Canal. These were mostly built in the 60's and 70's, but all have been remodeled to some extent. Some have been completely redone to feel like new. Only 1 parking stall, and usually no laundry in the unit.

If you don't need a ton of space, $300k will still get you a nice condo in Oahu.

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