Homes for Sale North Redondo Beach CA: New MLS Listings

Oversize Corner Golden Hills Lot
The inventory drought continues with about an equal number of homes for sale as in escrow in North Redondo Beach 90278 and many new listings receiving multiple offers even before the first open house. There are currently some very nice properties for sale but there is no doubt that many Sellers (or their Agents) are getting a little ahead of the market in terms of pricing. On one hand we have listings coming out at teaser prices in order to multiple offers above the asking price the first weekend and others that are priced based on the last comparable sale plus $50K. Really. There's also no doubt that many Buyers are pushing back on the price increase while others move to alternate financing to be able to qualify. Specifically, I'm seeing more buyers move to 5/1 and 7/1 ARMS and before long we may start to see interest only as well. Golden Hills remains one of the hottest neighborhoods. Four bedroom homes, whether attached or detached townhouses or SFRs are in high demand. Don't be surprised if you are seeing some resale listings priced close to new construction. A disturbing (at least to me( trend that I'm seeing is listing using the source of the square feet of the home to be other than the tax assessor. And guess what, this other source almost always states a larger number. Here's some of the properties and new listings I saw this week.

GOLDEN HILLS

Standard Floorplan - Living Area Downstairs
1700 Herrin St, Redondo Beach CA 90278: I liked this a lot and it is even better in person than the listing pictures (left and above) show. The house (pictured above) sits on an oversize 3500 sq ft corner lot (as opposed to the typical 2500 sq ft lots in the neighborhood). Because the home is somewhat smaller at 1440 sq ft than others and the lot is larger you have a lot more very usable outdoor space. This home also features all 3 bedrooms upstairs which many families are looking for. It is priced at $789,000 but I think it will go for more, possibly over $800K. Some Buyers will pass on this one because it only has 1.5 bathrooms and was built in 1968 but that would be a mistake. In my opinion, the location, lot size and floorplan far outweigh any negatives. Upgrades include hardwood floors, crown molding, plantation shutters and more. The kitchen has stainless steel Kitchen Aide appliances, French country kitchen cabinets, Caesar stone counter tops, and a large spacious dining room area and half bath. There is surround sound throughout this home, both indoor and outdoor, copper plumbing throughout, new exterior paint, fresh interior paint throughout,  and ceiling fans in every room. And some nice fruit trees on the property. Listed by Shorewood Realtors for $789,000. MLS SB14105630. See it this weekend because most likely it will be gone very quickly.

Casner Built Golden Hills Tall and Skinny
1728 Haynes Ln, Redondo Beach CA 90278: So if you combine almost everything many Buyers are looking for - 4 bedrooms, standard floor plan, Golden Hills, walk to Jefferson Elementary, Single Family House, the best builder, relatively new construction and high end finish work, this amazing Golden Hills property is what you get. Hence the price tag of $985,000. Here's what the listing agents state: "It's unprecedented that year-after-year Casner continues to build beautiful homes in the Golden Hills. If that isn't consistency, I don't know what is. This home was built in 2006, when builders had to spend more to make more. And, this one in particular is even better. The amenities include walnut hardwood floors, dual zone AC, ceiling fans in all the bedrooms, intercom, security system, plantation shutters, central vac, stainless steel appliances, living room fireplace, 8 foot doors and high vaulted ceilings, travertine stone, huge stairway skylight, side-by-side sink laundry room, garage shelf storage, master suite with a south facing balcony, walk-in closet, jet bath bathtub and beautiful bougainvillea to boot in the south facing backyard. It's one of the few homes with the much needed traditional floor plan in a neighborhood with lots of families. The highly-regarded Jefferson Elementary is less than a block away." Price point aside, I really liked this property a lot more than I wanted to and for the right Buyers it is the perfect home. Listed by Coldwell Banker Residential. MLS SB14105391.

High End Finish Work

3 ON A LOT TOWNHOMES

2021 Grant Ave Unit A, Redondo Beach CA 90278: Grant Ave is a sub market of a submarket with rules all its own. Many Buyers perceive it as being too busy and noisy while others prefer it to the one way narrower side streets. Truthfully, the newer homes with better insulation and double paned windows are not as noisy as you would expect but it is a well traveled thoroughfare for sure. I've always liked this property steps to Birney Elementary. Here's what the listing agent states in the MLS: "Custom built newer construction townhome with exquisite high-end finishes and attention to detail throughout. Coveted 3 Bedroom, 2.5 Bath reverse floor plan with bright and open living space upstairs boasts soaring ceilings and beautiful hickory floors. Gourmet kitchen with custom alder cabinetry, stainless steel appliances and granite countertops. There is a breakfast bar that flows directly into the open dining space and living room. This spacious home is South facing and the sunny deck off the great room is the perfect spot for entertaining. The Master Bedroom is generous with his and hers walk in closets and large master bath boasting extensive use of travertine, glass accents and granite. The custom stone entry leads to two nice sized bedrooms, a full bath and direct entry garage. This home is immaculate and in turnkey condition with newer carpet, neutral designer paint tones and plantation shutters. Inviting front yard, low HOA dues. Close proximity to restaurants, beach, award winning Redondo Schools, shopping and freeways." Listing by Beach Cities Brokers.


2116 Carnegie Lane Unit A, Redondo Beach CA 90278: This has always been another one of my favorite properties in the neighborhood. I showed it a number of times when it was new. The enclosed front yard and curb appeal make it extremely attractive. And it is larger than other 3 bedroom townhomes in MLS Area 152 but may not be as large as advertised. (More on that later.) Here's what the listing agent states in the MLS: "Built in 2008, but like new. Custom, contemporary craftsman townhome, 3 bedroom/2.5 baths, approximately 2,067 SF, beautiful master suite with vaulted ceiling, upgraded carpet, spacious closet with built-in, master bath with Jacuzzi tub, tumbled travertine shower, double sinks, imported marble counters, travertine floors, gourmet kitchen with built-in stainless steel appliances, granite counter tops, breakfast bar opens to great room with vaulted wood beam ceilings and El Dorado stone fireplace, private front yard with white picket fence, 5" wide white oak floors and solid core doors, craftsman style construction, laundry room, skylight cat 5 cable system, 2 car garage with direct access, lots of landscaping. Buyer to verify gross living area." That last sentence is what I am talking about. If you don't think the property is the size advertised just use the tax assessor records. As much as I like this home, I have been struggling with the list price of $829,000. But in this marker I'm sure they will find a Buyer and hopefully an appraiser too! MLS SB14103866. Listing Broker Ann Leung Realty. List price $829,000.

Carnegie Ln Craftsmen Townhome

NEW LISTINGS WEEK OF MAY 19th 2014

Here's what came on the market this week. Happy House Hunt and have a save Memorial Day Weekend!