Hawaii Homes and Honolulu Real Estate
Home buying
Terraces At Launani Valley
Mar 6th
The Terraces in Beautiful Launani Valley 2 Bedroom 2 Bath
Call Frank Diaz @ 723-0900. This is a HAP sale (Housing Assistance Program).9′ ceilings, 3 ceiling fans, lanai, pool/spa, tennis (nearby), barbecue area, children’s play area, walking/jogging trails. Within a few miles of Schofield Barracks, Kunia and Wheeler. Convenient on and off ramps to H-2, bus service to Honolulu and Mililani town center.
Condo/Townhouse
ML#: 1003017 Active List: $340,000 FS – Fee Simple
TMK: 1-9-5-002-030-0002 Sub-Type: Townhouse PR#: 3275
Bldg: Terraces At Launani Valley
Address: 95920 Wikao St
City: Mililani HI Zip: 96789
Neighborhood: MILILANI AREA
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Inter Liv Ar: 1056
Bedrooms: 2
Open Lanai: 126 Yr
Built: 1995
Baths: 2 / 0
Total Area: 1182
Furnished: Partial
BBQ and play area
Terraces at Launani Valley Townhome Kitchen
9′ ceilings, 3 ceiling fans, lanai, pool/spa, tennis (nearby), barbecue area, children’s play area, walking/jogging trails. Within a few miles of Schofield Barracks, Kunia and Wheeler. Convenient on and off ramps to H-2, bus service to Honolulu and Mililani town center.
Terraces at Launani Valley Recreation Area and Pool
Terraces at Launani Valley Living Room High Ceilings
2009-2010 Military Housing Allowance (BAH) Rates for Hawaii
Dec 20th
Military Housing Allowance (BAH) for Hawaii
Below are the rates of tax-free housing allowance (Basic Allowance for Housing, or BAH) that are provided to enlisted military personnel (with dependents) who are authorized to reside off base at government expense in the state of HAWAII , for calendar year 2009 and 2010.
Many military members have the choice to live on-base or off-base. So, which is better? There is no clear answer. It depends on many factors. Here is a link to the BAH DOD Housing Allowance Calculator for Hawaii
http://www.defensetravel.dod.mil/perdiem/bah.html
As an example:
MONTHLY ALLOWANCE:
E-7 with DEPENDENTS: $2553.00
E-7 without DEPENDENTS: $2004.00
Try this calculator and see for yourself if buying makes sense (use an appreciation rate of 6%, which means the price doubles every 12 years):
http://realestate.yahoo.com/calculators/rent_vs_own.html
For property taxes, it will be $850 for a $250,000 home. I would use $5000 per year for maintenance costs, 2% for savings and 3% for inflation.
“You would save approximately $904,337 (in today’s dollars) by buying a home, rather than renting, over the 30 year timeframe you have entered.” Even when I raise the annual maintenance costs to $6000, or $7000, it still comes out higher.
If you want to live close to Tripler, choose Aiea, Salt Lake, Moanalua, Pearl City, Kalihi, Pali, Kakaako, Pauoa Valley, or Punchbowl, those are all within 5 miles.
The years that you live in a home give you the biggest tax advantage. Also, if you live in it for 2 out of the previous 5 years, ALL of the gain is tax free. You may be eligible for the federal tax credit of $8000 as well:
http://www.hawaiihome.biz/?s=tax+credit
Aloha,
Frank Diaz, MBA (RA) e-PRO
US Navy, Retired
East Oahu Realty
808 723 0900
Email: Frank Hawaiihome.biz
East Oahu Real Estate |
Hawaii Homes and Real Estate |
Military DOD Housing Allowance for Hawaii |
Military Housing Allowance for Hawaii |
1549 Ala Lani St 8 Bedroom 3 Bath Single Family Home Moanalua Valley
Dec 15th
8 bedroom, 3 bath, Single Family Home in Moanalua Valley (Moanalua High School, Middle / Elementary)
Within 2 miles: Tripler Army Medical Center (TAMC), Honolulu Airport, Kaiser Hospital, Camp Smith, Fort Shafter, Pearl Harbor
8 bedroom, 3 bath, single family home in Moanalua Valley (Moanalua High School, Middle School and Elementary)
ML#: 2915741
List price: $797,000
FS – Fee Simple
TMK 1-1-1-045-030-0000
BR: 8 Baths: 3 / 0
1549 Ala Lani St
Living area: 2,906
2 lanai and 2 decks
MOANALUA VALLEY
Stories: Basement, Three+
Land: 6,875 YrBt: 1973
Views: Mountain , Ocean
Pool: None
Parking: 2Car carport , Street
Taxes: $192/month
Listing Office: East Oahu Realty, Inc.
Tri-level, spacious home, great for extended family living. Top/Main level 2/1, 2nd level 4/1 and lower is 2/1 (remodeled, see photos). Open kitchen, dining area and good size living room opens to views and decks on back of house at each level. Stairways on each side lead to side decks. Large home with possibilities! 4 separate entrances with many options. GREAT LOCATION IN CENTRAL HONOLULU.
Call Frank Diaz, MBA (RA), e-PRO
East Oahu Realty
808 723 0900
http://www.hawaiihome.biz/about/
Ala Lani Street at Ala Iolani St (google map) (yahoo map)
- Location: Moanalua
Open Kitchen 1549 Ala Lani Moanalua Valley |
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Full 2 bedr0om on bottom floor 1549 Ala Lani Moanalua Valley |
Ocean View 1549 Ala Lani Moanalua Valley Salt Lake |
Spinnaker 91-2049 Kaioli St 2703 Ewa Beach Hawaii 96706
Dec 9th
91-2049 Kaioli St, Ewa Beach, HI 96706
Open house 12/14, 2-5 PM. Beautiful townhome with dual master suites plus downstairs den (can be converted to 3rd bedroom or office). 2-car detached garage, private backyard/landscaped lanai, pergo floors, tile and carpet flooring. Central A/C. Close to Pool/Recreation Area/BBQ. Street and guest parking.
MLS#: 2915456
Price: $335,000
Style: TOWNHOUSE
Bedrooms: 2
Baths Full: 2
Baths Half: 1
Year Built: 2006
Subdivision: OCEAN POINTE
Tax Fee: 110
School Elementary: Keoneula
School Middle: Ilima
School High: Campbell
Recent nearby sales
- Sold 11/16/2009: $320,00091-2083 Kaioli St # 131302, Ewa Beach, HI 96706
- Sold 10/29/2009: $320,00091-2070 Kaioli St # 444403, Ewa Beach, HI 96706
- Sold 06/19/2009: $322,90091-2078 Kaioli St # 464602, Ewa Beach, HI 96706
- Sold 08/03/2009: $343,30091-2049 Kaioli St APT 2704, Ewa Beach, HI 96706
Property Features |
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Interior Features:
Storage room, Ceramic tile flooring, Wall to wall carpeting, Ceiling fan(s), Clothes washer, Dishwasher, Disposal, Range and oven, Refrigerator, Window treatments, Security features, Partially furnished
Exterior Features”
Guest parking, Outdoor BBQ/grill, Patio/deck, TV cable available, Open lanai, Neighborhood: OCEAN POINTE, Private yard
91-2049 Kaioli St Unit: 2703 Ewa Beach, HI 96706
First-Time Homebuyer Credit Extended
Nov 22nd
First-Time Homebuyer Credit Extended and Includes Existing Homeowners
For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.
New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:
- Extends deadlines for purchasing and closing on a home.
- Authorizes the credit for long-time homeowners buying a replacement principal residence.
- Raises the income limitations for homeowners claiming the credit.
Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.
People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.
General Information
Homebuyers who purchased a home in 2008 or 2009 may be able to take advantage of the first-time homebuyer credit. The credit:
- Applies only to homes used as a taxpayer’s principal residence.
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Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
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Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
The credit is claimed using Form 5405, which you file with your original or amended tax return.
