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Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

2 Of 6 Dominos Fall – 4 Condos Still on the Market in Three Sixty

May 17, 2022 by Keith Kyle

It’s been an unusual 10 days in Three Sixty with the usual very few homes available situation almost instantaneously turning into an abundance.

Good news for buyers and bad news for the sellers……

In the span of just about a week there were four 2 bedroom single level condos in the Flats for sale at the same time as well as a studio/1 bedroom and a 3 bedroom townhome. As of yesterday one of the condos went pending as well as the 3 bedroom townhome in the Courts. The Courts escrow wasn’t surpising as it was the only townhome and only 3 bedroom on the market so it wasn’t really competing with the others.

The two homes that just went pending were the 3 bedroom townhome located at 13220 Central Avenue Unit#102 which was priced at $1,175,000 and one of the 5 condos. That home was a fairly rare “Residence 2” layout located at 13126 Union Ave # 202, which was listed at $925,000.

Click here to see all of the current homes, townhomes and condos on the market in Three Sixty or click to see all of the recent sales and pending escrows in the community.

Filed Under: 360 Homes for sale, Escrow process, real estate market, The Court, The Flats, Three Sixty condos, Three Sixty home prices, three sixty home values, Three Sixty homes for sale, Three Sixty real estate, Three Sixty South Bay Realtors Tagged With: three sixty condos, three sixty homes for sale, three sixty keith kyle, three sixty real estate, three sixty realtors

What Are The Standard Contingency Periods During Escrow

April 23, 2022 by Keith Kyle

The charts below show the standard contingency periods for both buyer and seller based on the default language of the CAR (California
Association of Realtors) Residential Purchase Agreement (RPA) which most people refer to as the offer or purchase contract. The below is what is the default timeframes in the offer but all of these terms and timeframes are negotiable and in the current “seller’s market” many of these items will be either reduced or even eliminated if the seller has multiple offers.  Contact realtor and Three Sixty specialist Keith Kyle with questions about the process.

Contingency Timeline for Buyer

Contract Item Default Timeline Notes
Initial deposit Delivered to escrow company within 3 business days after acceptance. Usually wire transferred
Verification of down payment and closing cost Completed within 3 calendar days after acceptance. Standard to have this included with offer
Loan application Completed within 3 calendar days after acceptance. Standard to include preapproval with offer
All buyer investigations Completed within 17 calendar days after acceptance. This includes physical inspections, HOA, neighborhood, etc.
Appraisal contingency removal Completed within 17 calendar days after acceptance.
Loan contingency Completed within 21 calendar days after acceptance. The goal by this date is to have formal loan/underwriter  approval

Contingency Timeline for Seller

Contract Item Default Timeline Notes
Disclosure of HOA Completed within 7 calendar days after acceptance. Most, but not all, of the time it will be fairly obvious that the home is in an HOA or planned unit development
Request HOA docs Completed within 3 calendar days after acceptance. HOA documents can take a while so seller or escrow needs to order early in the process
Deliver all reports and disclosures to the buyer Completed within 7 calendar days after acceptance. Most actual reports will be ordered by escrow or agent, but seller to provide seller disclosures within 7 days of acceptance

Filed Under: Escrow process, Keith Kyle, Three Sixty at South Bay, Three Sixty real estate, Three Sixty South Bay Realtors

Who Generally Pays For What During Escrow?

April 19, 2022 by Keith Kyle

By Keith Kyle

Closing Costs – Who Generally Pays What In The Escrow Process

Keep in mind that the charts below are based on the standard allocation of costs in an escrow in Three Sixty.  As with any detail of buying a home everything is negotiable including who pays what costs during the transaction.  In addition not all of these costs exist in every transaction and many are dependent on the lender, escrow company and the details of the offer.

Although not in the charts below it is standard for the seller to pay the real estate commission (generally 5% in our area) for both the listing (seller’s) agent and the buyer’s agent.

Title Fees

Name of cost Customarily Charged By/ Who Pays What is it?
Owner’s Title Policy Title company /  Seller cost Fee for the title policy. Calculated using the sales price.  Insures that the title is clean at close of escrow
Lender’s Title Policy Title company / Buyer cost Title policy issued to lender to cover the amount of the loan. Based on the loan amount.
Sub Escrow Fee Title company / Buyer & Seller Fee to administer the payoff of loans or property taxes of the seller and collection of funds from the new lender
Document Transfer Tax LA County / Seller.  There is also a city transfer tax in some cities but not in Hawthorne Fee charged on all properties that transfer title  based on sales price.  $1.10 per thousand of sales price
Record Release/Reconveyance LA County / Seller Charge to record the release/reconveyance
Federal Express/Messanger Fees Federal Express / Buyer & Seller Charge to deliver all time sensitive documents and monies
Title/Wire Fee Banking Instituion / Buyer & Seller Charge to wire funds to  or from escrow, seller, lenders, etc
Electronic Recording County / to Buyer Charge to electronically record the document
Record Grant Deed County / To Buyer Charge to record the grant deed
Record Trust Deed County / To Buyer Charge to record the trust deed.
Messenger Messenger Service /Buyer and Seller Charge to special messenger documents during the escrow:
Lender’s Endorsement Title / Buyer Charge for endorsements required by lender to cover “outside  normal” risk circumstances

Escrow Company Fees

Name of Cost Customarily Charged By/To: What it is?
Escrow company fee Escrow / Both buyer and seller each pays own Covers liability assumed as well as standard processing costs.  This varies but usually cost is somethung in the vicinity of $2.00 per thousand and a $200.00 base
Demand Fee Escrow / Seller Charge to request a statement & process involved in getting a payoff figureto escrow on the outstanding amount of the current loan. One demand fee per loan.
Process HOA Docs & Transfer Fee Escrow / Seller Fee for processing required to assign membership for HOA a& copying all governing documents
Document Fee Escrow / Buyer Covers the cost of all processing required to meet new lender requirements
Loan Tie-In Fee Escrow / Buyer Covers the cost of all processing required to meet new lender requirements
Federal Express Federal Express /Buyer For document packages to out of County Lenders.

Lender & Loan Costs

Name of Cost Customarily Charged By/ To What is it?
Origination Fee Lender / Buyer Charge for lending money at 1% of the loan amount
Documentation Preparation Lender / Buyer Paid to lender for preparation of final loan documents
Tax service Tax Service / Buyer Fee charged to buyer to set up property taxes with the state
Wire Banking institution Charge for the wiring of funds to title for closing
Underwriting Lender / Buyer Fee to direct lender for the process of approving
Tax impounds Lender / Buyer Collected to create an impound reserved account for the lender to pay property taxes twice a year
Prepaid Insurance Lender / Buyer Generally 1yr of hazard insurance collected for impound reserveaccount
Appraisal Appraiser / Buyer Paid directly to appraiser for appraisal of property
Credit Report Lender: / Buyer Paid to credit bureau for report containing 3 credit scores
Processing Lender / Buyer Paid to mortgage broker for processing loan package from application to closing

Disbursements

Name of Cost Customarily Charged By / To What is it?
HOA Transfer Fee HOA Management / Seller but often negotiated HOA or managemebt company fee to transfer ownership and handle new accounting set up
HOA Dues HOA Management / Seller Usually prorated and paid through day of closing
Fire Insurance Insurance Agency / Buyer 1 year prepaid premium for homeowners insurance
Notary Notary / Buyer

Payoffs

Name of Cost Customarily Charged By/ To What is it?
Recording Fee Existing Lender / Borrower Charge for having reconveyance recorded by the county.
Statement forwarding fee Existing Lender / Borrower Charge for issuing a payoff statement

Credits and Prorations

Name of Cost Customarily Charged By/ To What is is?
HOA Dues Seller  /Buyer Calculated from date of COA through month-end
County Property Taxes Seller / Buyer Calculated from the date of payoff through end of period paid for.

Filed Under: Escrow process, Homes for sale, Three Sixty at South Bay, Three Sixty home prices, Three Sixty homes for sale, Three Sixty real estate, Three Sixty South Bay Realtors, Vista Sotheby's International Realty Tagged With: 360 escrows, escrow costs, escrow process, first time home buyers, how does escrow work

Understanding Ernest Money in an Escrow

December 3, 2021 by Keith Kyle

Filed Under: Escrow process Tagged With: escrow process, good faith deposit

Currently No Homes for Sale in 360 South Bay

November 23, 2020 by Keith Kyle

It’s been a busy year for real estate in the gated community of Three Sixty South Bay, but as of 11/23 there are no active homes on the MLS.

Architecture of The Townes

There are several pending home sales in 360 but no active homes for sale which is pretty amazing.  According to top Three Sixty realtor Keith Kyle, “it’s been quite a while since we’ve seen a market in 360 with no active listings and it’s just a testament to how high the demand for homes in the community has been with most listings going quickly into escrow in 2020”.

Keep updated on the current 360 listings page as it’s updated regularly and as soon as a new listing hits the market it will be on the MLS.  You may also want to take advantage of our FREE listing update alerts to be notified via email as soon as something comes on the market.

Filed Under: 360 Homes for sale, Escrow process, Homes for sale, Keith Kyle, Three Sixty at South Bay, Three Sixty South Bay Realtors, Vista Sotheby's International Realty

The Stories of Mid July…..Price Reductions and Pending Escrows

July 24, 2020 by Keith Kyle

July has been an interesting month with some homes selling quickly while others sit on the market a while.   We’ve seen a number of price reductions which hadn’t been happening in 2020 all that often and also saw several homes go into escrow in the past 10 days.

View all of the current homes for sale in 360 South Bay

Price Changes:  Of the 4 current “active” listings 3 have reduced the price.  See below for the details and the current price versus the original price.  3 of the homes are 2 bed 2 bath single level condos in The Flats while the other is a brand new Row townhome.

Type
Address
Current Pricee
Original Price
Price Per Square Foot
Br/Ba
Sqft
CONDO/A
12920
Central AVE   #201
$790,000
$820,000
$552.83
2/2,0,0,0
1429/B
CONDO/A
12920
Central AVE   #203
$799,000
$815,000
$559.13
2/2,0,0,0
1429/A
CONDO/A
13029
Central AVE   #402
$849,000
$875,000
$548.45
2/2,0,0,0
1548/A
TWNHS/A
12824
City DR   #107
$1,120,000
Same
$527.56
3/3,0,0,0
2123/B

Pending Home Sales: There are also 4 homes that have gone into escrow over the past 10 days.  Keep in mind that this is not all of the pending home sales as there are actually 7 homes currently in escrow…..the ones below are all the most recent.

Status
Type
 
Address
List Price
Price Per Square Foot
Bed/Bath
Sq Feet
Pending
TWNHS/A
5556
Coral DR   #105
$875,000
$536.81
2/3,0,0,0
1630/B
Pending
TWNHS/A
5433
Ocean    #103
$945,000
$477.76
3/3,0,1,0
1978/A
Pending’
CONDO/A
12915
Park PL   #204
$829,900
$535.42
2/2,0,0,0
1550/A
Pending
TWNHS/A
5560
Boardwalk    #103
$950,000
$583.18
3/2,0,1,0
1629/B

Filed Under: 360 Homes for sale, Escrow process, Homes for sale, real estate market, The Flats, Three Sixty at South Bay, Three Sixty South Bay Realtors Tagged With: 360 homes for sale, homes for sale in Three sixty, price reductions in 360, three sixty escrows, three sixty real estate market update

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Current 360 Homes for Sale

Your Three Sixty Specialist

keithkyle

Keith Kyle

Top Producing Realtor DRE# 01712785

310-251-2344 cell/text Keith@KeithKyleHomes.com

Featured Listing: 13028 Central #201

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Three Sixty Information

Home Staging……Is It Worth It?

Real Estate Strategy Successfully selling homes in Three Sixty Needless to say home sellers are interested in maximizing the sales price of their home while minimizing costs.   Home staging is one of those potential costs and many sellers question whether it’s worth it. The answer depends on the situation as many home owners have their […]

See the Hollyglen and Del Aire Homes that Sold in May

May was another solid month for home sales in Hollyglen and Del Aire in the South Bay city of Hawthorne CA.  Take a look at the homes that sold in the Hollyglen and Del Aire neighborhoods of Hawthorne CA during May 2022. These are the neighborhoods generally served with the Wiseburn School District. There were 10 […]

Happy Summer Three Sixty!

Here’s to warm weather, long days and hoping that you get to enjoy it. We can’t think of a better place to enjoy it than the incredibble pool area of Three Sixty. Happy Summer!

Three Sixty Alternative – The Gated Community of Parkside Village in Hawthorne

As we have many buyers reach out to us about the gated community of 360 South Bay, some are either priced out or just can’t find anything large enough in their price range…..one great alternative is the gated community of Parkside Village.  Located a bit further east in Hawthorne, the communities were both built around […]

May Home Sales in Hawthorne CA

See the Homes that Sold Hawthorne during May 2022 It was a busy month for closed home sales in Hawthorne with 25 closed sales during may which was slightly down from the 27 home sales in April. The average “list” price was $912,228 with the average sold price at $988,136 meaning that, in general, homes […]

13028 Central #201 – 2 Bedroom “Flats” Condo Price Reduced to $999,000

In more good news for home buyers looking in the gated community of Three Sixty South Bay the price was just recently reduced on this beautiful 2 bedroom condo located at 13028 Central.    This condo went on the market a few weeks ago and if not for the fact it hit the market the […]

5515 Palm – 3 Bedroom Freestanding Terrace Home Hits the Market

The newest listing to hit the market  in Three Sixty is a residence 3 freestanding Terrace home priced at $1,389,000.  This layout features the living, dining. powder and kitchen on the first level along with the attached 2 car side by side garage.  As it shares the level with the garage the living room areas […]

Single Family Homes for Sale in the Hollywood Riviera of the South Bay

Welcome to the homes of the Hollywood Riviera of Redondo Beach.  One of the great aspects of the Hollywood Riviera is the look and feel.  This is due in part to the area consisting of primarily single family homes.  There are certainly some townhome and condo options, , but the Hollywood Riviera has a real […]

See the Home Prices in Hollyglen During April

One of the aspectst that makes the gated community of Three Sixty South Bay so sought after is the fact that it’s in the neighborhood of Hollyglen and serviced by the award winning Wiseburn School District.  On that note it’s great to see what the rest of the Hollyglen/Del Aire real estate market is doing.  It was […]

Yet Another 2 Bedroom Condo Joins the Market

It seems that almost every day over the course of the last week there has been a new listing coming on the real estate market in Three Sixty South Bay.  That’s great news for buyers! The latest addition to the market is a beautiful 2 bedroom 2 bath residence 5* floorplan in the Flats.  This […]

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**Please note that we have no official affiliation with Three Sixty at South Bay. Our site is designed to help provide real estate information on this and other communities.
Keith Kyle – Realtor – DRE#01712785

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (“CRMLS”) and is protected by all applicable copyright laws. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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