Brookside Village Condos For Sale in South Redondo
Real Estate in South Redondo's most affordable community
From all of us at Brookside Village Redondo.com, Redondo Beach realtor Keith Kyle and the team at Vista Sotheby’s, we hope you have a very happy new year and a wonderful 2025. Whether you’re celebrating in Redondo Beach, the South Bay or beyond…..Enjoy!
Happy Hanukkah to you and yours from all of us at Brookside Village Redondo.com, Vista Sotheby’s International and Redondo realtor Keith Kyle
Another new listing just hit the market and it’s quite similar to the last listing in the complex at 603 S Prospect Avenue Unit#105 which was listed about a month ago at $540,000 and is now in escrow.
The condo is listed by Nicola Wright of Vista Sotheby’s International Realty.
This newest addition to the market is a ground floor end unit in one of the larger 3 story buildings in the north of the community. The home has some nice updates including recessed lights, new luxury vinyl plank floors, newer kitchen cabinets, stainless appliances, stone counters and a breakfast bar area.
Despite the square footage the home is open and feels much larger with an open concept kitchen and living area along with the large sliders out to the patio.
Search the current condos for sale in Brookside Village
Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
From all of us at Brookside Village Redondo.com, Redondo Beach realtor Keith Kyle and Vista Sotheby’s International, we wanted to wish you a happy Halloween. Keep it spooky.
Information is directly from the LA County Assessors website. Information deemed reliable but not guaranteed. See comparison chart showing former propositions (old law) with prop 19 (new law)
In November 2020, California voters passed Prop 19, which made changes to property tax benefits for families, seniors, severely disabled persons, and victims of natural disasters. These changes became effective in February and April 2021, depending on the component of the measure.
Proposition 19, or the Home Protection for Seniors, Severely Disabled, Families and Victims of Wildfire or Natural Disasters Act, is a Constitutional Amendment that imposes new limits on property tax benefits for inherited family property. Under Proposition 19, a child or children may keep the lower property tax base of the parent(s) ONLY if the property is the principal residence of the parent(s) and the child or children make it their principal residence within one year.
The other component of Proposition 19 allows homeowners who are over 55 years of age, disabled, or victims of a wildfire or natural disaster, to transfer their lower assessed property value of their primary home to a newly purchased or newly constructed replacement principal residence up to three times (or once per disaster). The tax base may be transferred to a property located anywhere in the state.
Proposition 19 changes two programs currently administered by county assessors:
Prop. 58 & Prop.193, allowed a parent(s), and in certain cases grandparent(s), to transfer their existing property assessments of a principal residence of any value without triggering a reassessment, which is generally required upon a change in ownership – even if the property is used as rental property by the child.
Prop. 58 & Prop.193 also allowed for the inheritance of property assessments for up to $1 million in additional real estate, whether residential or commercial.
Under the new Proposition 19 (effective Feb. 16, 2021), parent(s) and grandparents(s) can transfer their property along with its Proposition 13 base year value to their children or grandchildren if the following conditions are met:
The provisions under Proposition 19 apply to intergenerational transfer exclusions starting Feb. 16, 2021 (since Feb. 15 is a holiday).
Propositions 60/90 allowed persons over 55 or severely and permanently disabled persons to transfer the taxable value of their existing home to a new replacement home, so long as the market value of the new home is equal to or less than the existing home’s market value and located in Los Angeles County or one of nine other participating counties in California. Proposition 19 (effective April 1, 2021) modified the previous provisions, and now allows eligible homeowners to transfer the taxable value of their existing primary residence to a new replacement primary residence. The replacement residence can be of any value*, and anywhere within the state. The exclusion can be filed up to three times by a property owner over their lifetime.
*Subject to conditions
The effective date of implementation is April 1, 2021.
Prop. 50 provided that the base year value of property that is substantially damaged or destroyed by a disaster, as declared by the Governor may be transferred to comparable property within the same county. Prop. 171 allows the transfer of the base year value of a principal residence to a county that has adopted the ordinance. Prop. 19 allows homeowners to purchase a replacement home of greater value than their original home and transfer their tax base with an adjustment to account for the value difference in cases of homes destroyed by wildfires or other natural disasters.
The effective date of implementation is April 1, 2021
It’s been years since we’ve seen a foreclosure in Redondo Beach due to the increase in property values over the last few years. When property values go up…..it’s tough to be underwater but occassionally it happens. It’s even more rare in Redondo Beach but one just came on the market and sold quickly in the the condo complex of Brookside Village in South Redondo Beach, 814 Camino Real #201 was quite an opportunity and clearly people pounced as it went into escrow after just a few days and sold for $30K over the list price. That’s not surprising given that the last 2 top floor three bedroom condos that sold closed at $910,000 and $935,000. Both were nicely remodeled but for a buyer in the $800,000 range top floor condos are few and far between. This condo was pretty original and most definitely needed some updates and upgrades.
Search the current condos for sale in Brookside Village
Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.