Hawaii Homes and Honolulu Real Estate
Frank
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Posts by Frank
94510 Kupuohi St Waipahu HI 96797 Hawaii
Jun 4th
94510 Kupuohi St Unit: 9/201 Waipahu, HI 96797
To view the property details, click here
Waipahu
| Condo/Townhouse | ||||
| ML#: 1006815 | Active | List: $255,000* | FS – Fee Simple | |
| TMK: 1-9-4-146-003-0077 | Sub-Type: Townhouse | PR#: 3048 | ||
| Bldg: Kulana Knolls 1 | Mstr: 550150 | |||
| Addr: 94510 Kupuohi St 9/201 | ||||
| City: Waipahu | HI | Zip: 96797 | ||
| Regn: Waipahu | Neighborhood: ROYAL KUNIA | |||
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| Inter Liv Ar: 759 | New Dev/Const: No | Bedrms: 2 | ||
| Open Lanai: 66 | Yr Built: 1994 | Baths: 2 / 0 | ||
| Land SqFt: 267,197 | Conversn Yr: | Land Acres: 5.809 | ||
| Total Area: 825 | Remod Yr: | Furnished: Partial | ||
Property Features |
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Interior Features
Wall to wall carpeting, Ceiling fan(s), Clothes dryer, Clothes washer, Disposal, Range and oven, Refrigerator, Wall or window air conditioner(s), Partially furnished
Exterior Features
Corner unit, Assigned parking, Guest parking, TV cable available, Neighborhood: ROYAL KUNIA
Waipahu Condo/Townhouse 94510 Kupuohi St, Waipahu, HI 96797 9/201
Kitchen Waipahu Condo/Townhouse 94510 Kupuohi St, Waipahu, HI 96797 9/201
47-726 Akakoa Place Kaneohe Duplex on 1/3 Acre
May 8th
6 Bedroom Duplex on 1/3 acre (fully usable) With Kaneohe Bay Views
See full property description here
See map here. View Larger Map
Many improvements – paint inside/out, roof (2006), most appliances <3 yrs old, flooring. Fruit trees in back (star fruit, orange, pomelo) and bamboo. Yard professionally maintained. Left side (A)/garage, right side (B)/recreation room (with ceramic tile). $2200 rent on each side. Do not disturb tenants (prefer to keep leasing if possible). Click on photos to enlarge.
 Kitchen A (left) side |
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 Living Room A (left) side |
 Kaneohe Bay view from upstairs |
 Fruit trees |
 Master Bedroom A (left) side |
47-726 Akakoa Place Kaneohe Duplex on 1/3 Acre
 Kaneohe Duplex Lot Outline, lot extends all the way back, neighboring lots have obstructions |
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First-Time Homebuyer Credit: Military and Certain Other Federal Employees
May 1st
Hawaii First Time Homebuyer Credit for Military Extended to 2011
There are new benefits for members of the military and certain other federal employees:
- Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.
- In many cases, the credit repayment (recapture) requirement is waived for members of the uniformed services, members of the Foreign Service and employees of the intelligence community. This relief applies where a home is sold or stops being the taxpayer’s principal residence after Dec. 31, 2008, in connection with government orders received by the individual (or the individual’s spouse) for qualified official extended duty service. The credit is still allowable even if this happens during the year of purchase. Qualified official extended duty is any period of extended duty while serving at a place of duty at least 50 miles away from the taxpayer’s principal residence (whether inside or outside the U.S.) or while residing under government orders in government quarters. Extended duty is defined as any period of duty pursuant to a call or order to such duty for a period in excess of 90 days or for an indefinite period.
Question and Answer
Q. Are both spouses required to be overseas for the requisite time period in order to qualify for the 2011 extension to claim the credit?
A. Only one spouse must be overseas on official extended duty for the requisite amount of time for either spouse to be eligible for the 2011 extension of time to purchase a principal residence and claim the credit.
91649 Puamaeole St 31/A Palm Court 3 $230,000
Apr 22nd
Palm Court 3 2 Bedroom Ewa Beach Townhouse for Sale $230,000
Ewa Beach Townhome 91649 Puamaeole Click here to see flyer)
91649 Puamaeole St 31/A (click here to see MLS sheet)
Ground floor, end unit, conveniently located close to BBQs and pool area. Double entry doors to master bedroom, with large oval tub. This is a HAP (Housing Assistance Program) sale and subject to lender approval. Terrific starter townhome with two parking spaces off Kolowaka Drive in Ewa Beach.
| Condo/Townhouse | |||||
| ML#: 1005377 | Active | List: $230,000 | FS – Fee Simple | ||
| TMK: 1-9-1-061-018-0001 | Sub-Type: Townhouse | PR#: 2413 | |||
| Bldg: Palm Court 3b | Mstr: 550135 | ||||
| Addr: 91649 Puamaeole St 31/A | |||||
| City: Ewa Beach | HI | Zip: 96706 | |||
| Regn: Ewaplain | Neighborhood: EWA | ||||
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| Inter Liv Ar: 874 | New Dev/Const: No | Bedrms: 2 | |||
| Open Lanai: 350 | Yr Built: 1991 | Baths: 2 / 0 | |||
| Land SqFt: 61,681 | Conversn Yr: | Land Acres: 1.341 | |||
| Total Area: 1224 | Remod Yr: | Furnished: Partial | |||
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| #Pk: 2 | Fractional: No | Developer: | Mon Maint: $362 | ||
| Stall#s: 702, 707 | Flood Zone: D | Model Open Days: | |||
| Floor: 1 | Mon Rental Inc: $ | Model Site Contact: | Mon Assn: $35 | ||
| Elevators: | Site Contact Ph#: 683 5535 | Other Mon Fees: $ | |||
| Total Mon Fees: $397 | |||||
EUTF Insolvent and Faces Deficits on Health Insurance Plans
Apr 16th
Hawaii Employer-Union Health Benefits Trust Fund Insolvent
Yahoo Finance has reported that the EUTF is losing more than $1 million a month and may not be able to afford to pay doctors for medical bills within a few months unless something is done within the three weeks left in this year’s legislative session, Lingle warned. The EUTF covers 161,000 employees, retirees and dependents.
Lingle made the request Tuesday in a letter to legislative leaders urging them to take action because the trustees of the Employer-Union Health Benefits Trust Fund haven’t voted to raise health insurance premiums by 26 percent after they levied a 24 percent increase last year. In her Weekly Radio Address she stated “The Trust fund is insolvent, its governance is unsustainable and necessary cost-cutting measures are either not being enacted or are in danger of being repealed by the Legislature.”
The employee trustees on the board would prefer the government pay to keep the EUTF afloat rather than raise premiums again, even though the state is facing a projected $1.3 billion deficit through June 2011.
The Hawaii Employees’ Retirement System pension fund is also in trouble. Hawaii was listed recently in “15 Public Pension Chiefs Whose Funds Are Zooming Towards Collapse.” Keep in mind, the private sector deems defined-benefit pension plans to be “critical” if the funded portion of the plan is less than 65 percent. In 2006, Hawaii was rated at 65% funded.
2008 Actuarial Funding Ratio: 67.5%
2008 Actuarial Value of Liabilities: $15.7 Billion
2008 Actuarial Value of Assets: $10.6 Billion
2008 Unfunded Actuarial Accrued Liabilities: $5.1 Billion
Head of Fund: Chair of the Board of Trustees Jackie Ferguson – Miyamoto
If state lawmakers fail to enact fundamental reforms in the area of public employee pensions, the long-term financial health of the states could be compromised – and taxpayers will certainly be left on the hook.
Much of the current data regarding liabilities in public employee pensions was taken before the recent economic downturn, and the study’s authors warn the problem is much worse today since stock market losses have not been fully realized in many official government pension statistics. Other estimates with recent data place the unfunded pension liabilities at $1 trillion nationally.
A recent study by the National Bureau of Economic Research (NBER) suggests that the funding status in public pension funds is worse than reported (Novy-Marx and Rauh, 2009). These pension systems are likely to experience signifi cant funding shortfalls in future years, even if the economy recovers and financial markets stabilize. These funding shortfalls will impose a heavy burden on future generations.
The most important finding in the NBER study is the prospect of future underfunding in state pension plans based on more realistic discount rates. Using a 15-year amortization period, the NBER study estimates conservatively that there is a 50 percent chance of underfunding greater than $750 billion; a 25 percent chance of underfunding greater than $1.75 trillion; and a 10 percent chance that underfunding will exceed $2.48 trillion.
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