We’ve written a lot about how there have been so few (none in fact) homes on the market in Fusion for the past several months. We’re happy to report that there’s finally a new A floorplan for sale. 5405 W 149th Pl #7 just hit the market priced at $749,000. Normally we would definitely wonder about that price but given that there’s lots of pent up demand and it’s the only home on the market in the past 4 1/2 months who knows. The last few “A” floorplans to go on the market sold at $697,000 (9/19), $678,000 (8/19) and $695,000 (7/19). See the details and photos below and contact us for more information or to arrange a private showing.
Off Market Rental – 2 bed/2 bath Upgraded “A” Unit at 5403 W 149th #10
**Please note that this home has been rented. Contact us to find out if there are other units available.
Beautiful “A” floorplan with upgrades throughout. Available starting 3/15 this turn key condo is located in the wonderful gated community of Fusion South Bay. Built in 2007 this bright and open home still has the look and feel of new construction and is ideally located in the heart of the South Bay. Features include an open kitchen with hardwood cabinets, granite countertops, stainless steel appliances, and a built in breakfast bar. The open floorplan allows for an abundance of options for the living and dining areas and the A floorplan has a very efficient layout for modern living. The A floorplan features a bedroom, guest bath & stackable laundry downstairs with a private master suite upstairs. The home enjoys air conditioning, huge deck perfect for enjoying the sunny So Cal weather, private one care garage and one additional assigned parking space. The gated community of Fusion offers a beautiful pool, spa, basketball court, children’s playground, exercise stations, BBQ area and is ideally located adjacent to Manhattan Beach with endless activities nearby. Residents attend the award winning Wiseburn School District.
Details:
- $3,150 a month
- 5403 W 149th #10
- 2 bedrooms, 2 bathrooms
- Approx 1,030 square feet (view the floorplan and layout)
- A/C and interior laundry
- Minimum 12 month lease
- Available starting 3/15/20
- Contact Keith Kyle for more information
Floorplan:
Can You Avoid Capital Gains Tax When You Sell Your Fusion Townhome?
How to Avoid Capital Gains Tax When You Sell Your Fusion South Bay Townhome…..
There are a lot of reasons to buy real estate.
- You can buy with a minimal cash investment.
- Real estate tends to appreciate in value over time.
- If you occupy the property, the federal government subsidizes your housing expense with tax write-offs for mortgage interest and property taxes.
If that’s not enough incentive, consider the tax benefits you receive when you sell.
Homeowners who have owned their homes for at least two years are entitled to a capital gains tax exemption when they sell. For married couples that file jointly, the first $500,000 of gain is tax free. For single individuals, the exemption is $250,000. In either case, the property must be a primary residence that you occupied for 2 of the 5 years before selling. For a community like Fusion where home values have gone up considerably but perhaps below that threshold….there may be no capital gains tax!
The current capital gains exclusion for primary residences can be taken every two years. So conceivably you could buy a home, experience two years of appreciation, sell the property, receive tax-free gain, buy another property and repeat the sequence again and again.
The Taxpayer Relief Act of 1997 significantly changed the federal tax laws regarding the sale of a principal residence. Under the current law, you don’t need to invest in another home in order to defer capital gain liability, as was the case previously. Even if you sell your home and rent indefinitely, you’re entitled to take the $250,000 (individual) or $500,000 (married couples) capital gain tax exemption.
Contractors and renovation specialists are making good use of the current tax law. Some builders are choosing to occupy a home they’ve recently built rather than sell it new. After establishing the 2-year minimum residency
requirement, they sell the property and are eligible for the $250,000 (individual) or $500,000 (married couples) capital gain tax exemption. Home buyers with fix-up expertise can use this strategy to help build wealth. First, buy a fixer and move into it. Fix it up and live there for at least two years. Then sell, take your tax-free gain and buy another fixer. But don’t even consider this approach unless you like moving a lot and you can live comfortably in a construction zone. You’re only entitled to cash in on tax-free capital gain on the sale of your primary residence. If you own income-producing property, you must pay tax on the gain when you sell unless you complete a 1031 tax-deferred exchange. A 1031 exchangeallows you to roll gain from one income-producing property into another income-producing property. You ultimately have to paytax on the gain, but a 1031 exchange permits you to defer capital gain tax payment in the future.
IMPORTANT DISCLAIMER: Federal tax laws are in a continuous state of flux, so be sure to consult a knowledgeable tax advisor before you buy or sell, particularly if income property is involved. State tax laws vary, so consult with an expert in your area.
Nothing to See Here…..Seriously…..There’s Nothing To See Here
We keep telling our eager home buyers that it’s just a matter of time before some new listings become available in the gated community of Fusion South Bay but we’ve now been saying that for a while. Although we’ve reached out to both homeowners and realtors, it seems that nothing new happens. It’s not been 3 months since any home was on the market in Fusion which has never happened as far as we can recall. Keep checking the current homes for sale in Fusion South Bay page as it’s continually updated or let us do the work for you and we’ll automatically notify you as soon as there’s a new home on the market.
Just tell us a bit about your home search and we’ll do the rest.
Not a Single Fusion South Bay Listing In Two Months
While we may sound like a broken record, it still amazes us just how few homes have come up for sale in Fusion over the past 6 months. There hasn’t been a home on the market since November which is not good for home buyers looking in this gated community.
What is the reason there are so few homes for sale in Fusion?
Simply put….we’re just not really sure. It’s an incredible market for sellers as prices keep rising and pent up demand means lots of buyer competion, but that just hasn’t led to new listings.
We had hoped that the new year would bring new listings but that hasn’t been the case. A somewhat dated thought is that the market really picks up after the Superbowl when buyers and realtors really get back to the swing of things.
Let’s hope so!
If you would like to know the moment a new listing hits the market just let us know!
Real Estate Recap – Fusion South Bay Home Sales in 2019
2019 was a very slow year for home sales in the gated communty of Fusion South Bay with only 14 homes selling during the entire year. 2018 saw 17 home sales, 2017 saw 18 home sales and 2016 saw 26 home sales.
The slow market was definitely not due to the lack of demand as there are plenty of buyers interested in the community and homes in the Wiseburn School District. It’s simply to the lack of listings on the market. For comparison sake here are the last few years:
2019 – 14 home sales
- median list price of $752,500
- median sold price of $751,000
- median $ per foot of $587
2018 – 17 home sales
- median list price of $699,000
- median sold price of $715,000
- median $ per foot of $602
2017 – 18 home sales
- median list price of $684,000
- median sold price of $694,950
- median $ per foot of $552.70
2016 – 26 home sales
- Median list price of $652,500
- median sold price of $663,000
- median $ per foot of $505.00
2019 Home Sales in Fusion South Bay
Address |
Price
|
$ Per Foot
|
Bed/Bath
|
Sq Feet
|
Sold Date
|
|
5512 W
|
149th PL #11 |
$848,000
|
$510.84
|
3/3,0,0,0
|
1660/A
|
1/7/2019
|
5402 W
|
149th PL #12 |
$820,000
|
$493.98
|
3/2,0,1,0
|
1660/A
|
1/22/2019
|
5406 W
|
149th PL #18 |
$710,000
|
$639.64
|
2/1,1,1,0
|
1110/A
|
4/2/2019
|
5403 W
|
149th PL #4 |
$799,000
|
$583.21
|
2/1,1,1,0
|
1370/A
|
5/1/2019
|
5412 W
|
149th PL #4 |
$807,000
|
$589.05
|
2/1,1,1,0
|
1370/A
|
5/14/2019
|
5507 W
|
149th PL #15 |
$720,000
|
$580.65
|
2/1,1,0,0
|
1240/A
|
6/18/2019
|
5401 W
|
149th PL #14 |
$785,000
|
$556.74
|
2/2,0,1,0
|
1410/A
|
6/19/2019
|
5510 W
|
149th PL #4 |
$799,000
|
$583.21
|
2/3,0,0,0
|
1370/A
|
6/27/2019
|
5400 W
|
149th PL #9 |
$669,000
|
$649.51
|
2/2,0,0,0
|
1030/A
|
7/1/2019
|
5506 W
|
149th PL #10 |
$695,000
|
$695.00
|
2/2,0,0,0
|
1000/A
|
7/9/2019
|
5412 W
|
149th PL #10 |
$678,000
|
$678.00
|
2/2,0,0,0
|
1000/A
|
8/1/2019
|
5403 W
|
149th PL #15 |
$727,000
|
$586.29
|
2/2,0,0,0
|
1240/A
|
8/15/2019
|
5402 W
|
149th PL #8 |
$697,000
|
$697.00
|
2/2,0,0,0
|
1000/
|
9/20/2019
|
5405 W
|
149th PL #15 |
$775,000
|
$625.00
|
2/2,0,0,0
|
1240/A
|
10/4/2019
|
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