The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 8th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Mokapu Blvd/Iliaina St Neighborhood Homes for Sale

Kailua, Hawaii

Iliaina StMokapu Blvd/Iliaina St area median real estate price is $948,362, which is more expensive than 91.4 percent of the neighborhoods in Hawaii and 98.3 percent of the neighborhoods in the U.S.

The average rental price in Mokapu Blvd/Iliaina St is currently $2,547 and higher than 87.7 percent of the neighborhoods in Hawaii.

Mokapu Blvd/Iliaina St is a suburban neighborhood located in Kailua, Hawaii primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the Mokapu Blvd/Iliaina St neighborhood are older, well-established, built between 1940 and 1969 with a number of residences were also built between 1970 and 1999.

Real estate vacancies in Mokapu Blvd/Iliaina St are 4.6 percent, which is lower than one will find in 78.6 percent of American neighborhoods. Demand for real estate in Mokapu Blvd/Iliaina St area is above average for the U.S. and signal some demand for either price increases or new construction of residential homes.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Kailua, the Mokapu Blvd / Iliaina St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

If you come to know the people here, you will recognize that you’re in the company of one of the wealthiest communities in the nation. In fact, a mere 3.1 percent of America’s neighborhoods are wealthier than the Mokapu Blvd/Iliaina St neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren’t up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

In addition, the Mokapu Blvd / Iliaina St neighborhood is a great option for families. The combination of top public schools, low crime rates, and owner-occupied single family homes, make this neighborhood among the top 8.3 percent of family-friendly neighborhoods in the state of Hawaii. Many other families also live here, making it easy to socialize and develop a sense of community. In addition, families here highly value education, as is reflected by the strength of the local schools. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the ‘Baby Boom’ generation born between 1945 to 1964, and many baby boomers grew up in homes built in this era. But what is so interesting about the Mokapu Blvd/Iliaina St neighborhood, is that an incredible 83.3 percent of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

The neighbors in the Mokapu Blvd/Iliaina St neighborhood in Kailua are well-to-do, making it among the 15 percent highest income neighborhoods in America and this neighborhood has a higher income than 96.9 percent of the neighborhoods in America.

In the Mokapu Blvd/Iliaina St neighborhood, 38.9 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.9 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 15.6 percent and 12.3 percent in manufacturing and laborer occupations.

Additionally, with 1.8 percent of employed workers living in the Mokapu Blvd/Iliaina St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.6 percent of American neighborhoods and a feature that shapes the neighborhood’s culture and character.

Culture is the shared/learned behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions and as a result, neighborhoods with concentrations of residents of one or another ethnicity or ancestry will express those cultures.

In the Mokapu Blvd/Iliaina St neighborhood in Kailua, Hawaii, residents most commonly identify their ethnicity or ancestry as Asian at 9.8 percent. There are also a number of people of Irish ancestry at 8.3 percent and residents who report German roots at 7.4 percent. Some of the residents are also of English ancestry 7.1 percent, along with some French ancestry residents at 2.4 percent, among others.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Mokapu Blvd/Iliaina St neighborhood is English, spoken by 91.6 percent of households. Other important languages spoken here include Japanese, which is spoken in 2.8 percent of household, followed by French.

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MOKAPU RD/ILIIAINA ST NEIGHBORHOOD HOMES FOR SALE

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HOME OWNERSHIP TOOLS

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HOME OWNERSHIP TOOLS

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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