Yet another sales price record was broken and this time is was a residence 1 floorplan in the Terraces at 5245 Pacific Terrace which closed escrow at an incredible $1,455,000. There have been plenty of freestanding Terrace homes that have sold over $1.4M but they were all much larger. The residence 1 is the smallest of the Terrace layouts
with around 1,861 square feet, 3 bedrooms and 2 1/2 baths.
Given that the last 2 residence 1 sales were at $1,197,000 (3/23/21) and $1,122,500 (3/10/20) the sales price of $1,455,000 shows just how crazy the market has become.
View all of the recent sales in Three Sixty South Bay
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.As with all of the homes in Three Sixty this townhome offered air conditioning, has the incredible community amenities and is served by the award winning Wiseburn School District.
View the MLS listing details below.
Condo Info
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- 3 bedrooms
- 2.5 bathrooms
- Top floor living room and outdoor deck
- 1,861 square feet (BTV)
- 2 car garage
- $220 HOA
- Sold at $1,450,000
5245 Pacific Terrace, Hawthorne – Sold for $1,455,000
Listing courtesy of Matthew Barry & Michael Aronski – eXp Realty of California, Inc. 310-308-6685
down from 42 in December of 2020. The median sales price was an impressive $909,000 and homes averaged a very brief 17 days on the market before going into escrow or pending.
Three Sixty South Bay as well as Fusion South Bay. The average list price was $1,015,703 and the average sold price was $1,057,108 meaning that homes sold well over their asking prices. The average price per foot was an impressive $720 and homes averaged only 14 days on market before going into escrow.