Brookside Village Condos For Sale in South Redondo
Real Estate in South Redondo's most affordable community
Here’s the latest as to what’s in escrow in Brookside Village. As of October 1 there are several condos currently in escrow in the community. Take a look at the recent sales as well.
To view the current condos for sale in Brookside Village visit our listings pages
As of July 22nd, there are 3 condos for sale in the community of Brookside Village in South Redondo Beach. Two of the condos are larger 3 bedroom units with just under 1,300 square feet while the other is a one bedroom with a bit under 700 square feet. Take a look below at the current homes for sale in Brookside Village
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With the first half of 2020 winding down it’s time for a look back at the year so far. There have been 9 closed condo sales in Brookside Village. The median “list” price of those homes was $575,000 with the median “sold” price of $579,000 and a median price per square foot of $615.38. The average days on market was a very short 23…..all of this indicating high demand and a very strong “sellers market”.
View the current homes for sale in Brookside Village in Redondo Beach
Listed at $449,000 802 Camino Real #105 is a first floor one bedroom condo in Brookside Village offering just under 670 square feet (buyer to verify). It’s been on the market for a healthy amount of time at this point (2 months as of 6/3) but that’s not unusual given the impacts and slow down created by the uncertainty of the Coronavirus. This now makes 2 one bedroom condos currently available in the community including the recent relisting of 607 S Propect #204 now priced at $425,000.
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Listing courtesy of Nicola Wright – West Shores Realty, Inc.
Whether it’s a sign that things in the Redondo Beach real estate world may be returning to normal is yet to be determined, but it is good to see the recent listing of 607 Prospect #204 coming back on the market. Originally listed back in August and priced at $414,000 this one bedroom condo has been on and off the market several times. The latest time off market was likely due to the conditions and challenges in the market presented by the coronavirus but it’s now back on and listed at $425,000.
Contact us for more information on this condo. If you would like FREE listing alerts emailed to you please tell us a bit about your future home and we’ll customize a search and send you updates when a new condo hits the market.
Listing courtesy of Kelli Prather – Sotheby’s International Realty
If you think you can’t sell your Brookside Village home and buy something elsewhere due to your property taxes going up, we have information that might really help.
PROPOSITIONS 60 and 90 are Constitutional initiatives passed by California voters. They provide property tax relief by preventing reassessment when a senior citizen sells his/her existing residence and purchases or constructs a replacement residence worth the same or less than the original. They were enacted to encourage a person, age 55 or older to “move down” to a smaller residence. When a senior citizen acquires a replacement property worth less than the original property, he/she will continue to pay approximately the same amount of annual property taxes as before.
Proposition 60 allows for the transfers of a base year value within the same county (intracounty). Proposition 90 allows for the transfers of a base year value from one county to another county in California (intercounty) if the county has authorized such a transfer by an ordinance.
How Do These Propositions Work?
If he/she qualifies, when the senior citizen purchases or constructs a new residence, it is not reassessed. The Assessor transfers the factored base value of the original residence to the replacement residence. Proposition 60 originallyrequired that the replacement and the original be located in the same county. Later, Proposition 90 enabled this to be modified by local ordinance. Los Angeles County enacted an ordinance to provide that when the replacement is located in Los Angeles County, the original property may be located in any other California county.
Who Qualifies?
The seller of the original residence, or spouse who resides with the seller, must be at least 55 years of age at the time of the sale.
When Are These Propositions Effective?
The replacement residence must have been purchased or constructed on or after November 5, 1986 if the original was located in Los Angeles County. The replacement residence must have been purchased or constructed on or after November 9, 1988 if the ongmal was located in any other California county. Claims must be filed within three years following the purchase of the replacement residence.
Were Are Claim Forms Available?
Forms are distributed at Assessor’s public counters, in Room 225 of the Kenneth Hahn Hall of Administration, and in district offices. If you need additional information, call (213) 893-1239. The forms may also be available online at the various county assessors websites.
Counties Accepting Prop 90 Transfers:
As of November 7, 2018, the following ten counties in California have an ordinance enabling the intercounty base year value transfer: