New to the market is a residence 1 floorplan in the Terraces at 5245 Pacific Terrace set to go active this week. The residence 1 is the smallest of the Terrace layouts with around 1,861 square feet, 3 bedrooms and 2 1/2 baths. The “Terraces” are single family style homes in the community with no shared walls and small yards. The HOA fees in the Terrace homes are the lowest in the community.
Given that the last 2 residence 1 sales were at $1,197,000 (3/23/21) and $1,122,500 (3/10/20) the price of $1,450,000 is a big leap on this latest listing and will definitely be one to watch. There’s no doubt that there is significant demand but we’re not sure the market is quite ready to support that big of a number. Only time will tell and we’ll find out soon enough.
- 3 bedrooms
- 2.5 bathrooms
- Top floor living room and outdoor deck
- 1,861 square feet (BTV)
- 2 car garage
- $220 HOA
- Priced at $1,450,000
5245 Pacific Terrace, Hawthorne – Listed for $1,450,000
Listing courtesy of Matthew Barry & Michael Aronski – eXp Realty of California, Inc. 310-308-6685