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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

Understanding Earnest Money in an Escrow

December 3, 2021 by Keith Kyle

Earnest money, also known as the good faith deposit, is the money deposited into escrow by the buyer when the sales contract is signed.

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

Three Sixty South Bay Market Update – Recent Home Sales and Escrows

April 2, 2020 by Keith Kyle

Keep current with the latest real estate news and information in the gated community of Three Sixty South Bay. There have been very few homes come up for sale but the few that have seem to be setting new records for price.  The recent sale of 12921 Mission #107 at $940,000 and 5550 Strand #106 at $960,000 were significant increases from the prior sales of these sale layouts in the Townes. Both were residence 3 townhomes in the Townes.  The two prior sales of these layouts were at $900,000 and $910,000.  See all of the most recent sales below.

View the current homes for sale in 360. 

Want an even easier way to search for homes?  Tell us a bit about your dream home and we’ll send you customized alerts when a new home hits the market.

Recent Three Sixty South Bay Sales and Current Escrows

Filed Under: Escrow process, Homes for sale, real estate market, Three Sixty at South Bay, Three Sixty South Bay Realtors Tagged With: home prices in three sixty south bay, recent sales in three sixty, three sixty home sales

Corona Virus Certainly Not Seeming to Reduce Demand in 360 South Bay

March 26, 2020 by Keith Kyle

We got excited as there was finally a few new listings that came on the market in 360 South Bay in March.  Both homes quickly went into scrow….one after 2 days and one after 4 days.  Not that we’re not excited for those sellers, and home owners in general in 360, but that’s not even making it through the first week before going into escrow is fairly unbelievable….especially given the lower demand (so you would think) due to the concerns and self quarantine situation of the Corona virus.  View the current escrow and recent sales in Three Sixty.

We’re getting word of several homes soon to be on the market and hopefully one of these days buyers might have a fighting chance of getting the home they’ve been waiting for.

When there is a new home on the market in 360 you’ll be able to view it here.

Filed Under: Escrow process, Homes for sale, Three Sixty at South Bay, Three Sixty South Bay Realtors Tagged With: 360 south bay real estate market, corona virus 360 south bay, home sales in three sixty

Ways of Holding Title (Taking Ownership) in California Real Estate

March 20, 2020 by Keith Kyle

There are many ways to take title, meaning how you legally own the home or propery,  for real estate in California and when buying a home in Three Sixty South Bay.   While you should consult with an attorney, CPA or both, our quick and helpful chart gives some of the similarities and differences of the various ways of holding title including, tenancy in common, joint tenancy, community property, and communtiy property with right of survivorship. There are other ways of holding title as well, but our chart should help explain the basics. If you are considering buying real estate or a home in Southern California’s South Bay, we can help. Contact us today

Ways of Taking and Holding Title to Real Estate in California

Tenancy in Common Joint Tenancy Community Property Community Property with Right of Survivorship
WHO? Any number of persons (can be husband and wife). Any number of persons (can be husband and wife). Only husband and wife. Only husband and wife.
DIVISION Ownership can be divided into any number of interests, equal or unequal. Owner interests must be equal. Ownership and managerial interests are equal. Ownership and managerial interests are equal.
TITLE Each co-owner has a separate legal title to his or her undivided interest. There must be unity of title and time. (created in one document) Title is in the “community.”  Each interest is separate but management is unified. Title is in the “community.”  Each interest is separate but management is unified.  Title must expressly state community property with right to survivorship.
POSSESSION Equal rights of possession. Equal rights of possession. Both co-owners have equal management and control. Both co-owners have equal management and control.
CONVEYANCE Each co-owner’s interest may be conveyed separately by its individual owner. Conveyance by one co-owner without the others will terminate that individual’s joint tenancy. Real property requires written consent of other spouse, and separate interest cannot be conveyed except upon death. Real property requires written consent of other spouse, and separate interest cannot be conveyed except upon death.
PURCHASER’S STATUS Purchaser will become a tenant in common with the other property co-owners. Purchase will become a tenant in common with the other co-owners. Purchaser can acquire title from the community with written consent or joinder of both spouses. Purchaser can acquire title from the community with written consent or joinder of both spouses.
DEATH On co-owner’s death, his or her interest passes by will to that person’s devisees or heirs.  No survivorship right. On co-owner’s death, his or her interest ends and cannot be disposed of by will.  Survivor(s) own(s) the property.  An affidavit of death of joint tenant establishes death. Upon death of one spouse, 50% belongs to surviving spouse, 50% goes by will to descendant’s devisees or by succession to surviving spouse. Upon death of one spouse, his or her interest ends and cannot be disposed by will.   Survivor owns the property 100%.  An affidavit of death (community property with right of survivorship) establishes death of a spouse.
SUCCESSOR’S STATUS Devisees or heirs become tenants in common. Last survivor owns property 100% If passing by will, tenancy in common between devisees and survivor results. Purchaser can only acquire whole title of community; cannot acquire a part of it.
CREDITOR’S RIGHTS Co-owner’s interest may be sold on execution sale to satisfy his or her creditor.  The creditor becomes a tenant in common. Co-owner’s interest may be sold on execution sale to satisfy creditor.  Joint tenancy is broken; creditor becomes tenant in common Property of community is liable for contracts of either spouse which were made after marriage and prior to or after January 1, 1975.  Co-owner’s interest cannot be sold separately; whole property may be sold on execution to satisfy creditor. Property of community is liable for contracts of either spouse which were made after marriage and prior to or after January 1, 1975.  Co-owner’s interest cannot be sold separately; whole property may be sold on execution to satisfy creditor.
PRESUMPTION Favored in doubtful cases except husband and wife case. Must be expressly stated.  Not favored. The legal presumption is that property which has been acquired during the course of the marriage is community property. The code reads that deeds must state “community property with the right of survivorship.”

*We are not attorney’s nor certified public accountants and cannot provide legal or tax advice. The information above is deemed reliable but not guaranteed and has been provided by a title insurance com

Filed Under: Escrow process, Hawthorne homes, Homes for sale, Keith Kyle, Three Sixty at South Bay

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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.

*The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws.

 

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Keith Kyle – Realtor – DRE#01712785