Fusion South Bay real estate and townhomes for sale

Fusion South Bay Real Estate and Homes for Sale

Not a Single Fusion South Bay Listing In Two Months

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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!

Slow Days in Fusion Real Estate Market

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It’s been a pretty slow start to the usually busy summer real estate market in Fusion South Bay. While there were a few sales early in the summer, there’s currently only one home on the market. Unlike 360 with a sudden influx of new listings there hasn’t been a new listing in Fusion since the rare H floorplan 2 bedroom became available last month.

View the current home for sale in Fusion South Bay

Fusion-South-Bay-Architecture

 

 

 

Fusion Inventory on the Rise! 4 Homes for Sale

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As of 5/7/19 we’ve seen quite a jump in homes for sale .  There are now 4 townhomes and condos  on the market in Fusion. For various reasons there have been veryFusion South Bay townhomes few homes for sale in this gated community in the South Bay but that’s changed a bit. That’s good news for home buyers. Not only does that make negotiating slightly easier, but there is a variety of Fusion floorplans now for sale. Ranging from the smallest 2 bedroom B layout to the rare 2 bedroom H floorplan that’s the biggest 2 bedroom in the community. In addition to the 4 homes currently on the market we’re aware of an off market home as well making for an even greater number of homes and floorplans available.

Want an easier way to search for homes?  Tell us just a bit about your ideal home and we’ll customize a search just for you and send you an email update whenever a new home hits the market in Fusion.

Current Fusion South Bay Homes for Sale

What is a Mello-Roos and How Much is it in Fusion South Bay?

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When home buyers go into escrow in Fusion at some point they’ll find out that there is a mello roos in the community.  In general it means that there is a yearly addition to the normal property taxes.

What is Mello-Roos?

Background
In 1978 Californians enacted Proposition 13, which limited the ability of local public agencies to increase property taxes based on a property’s assessed value. In 1982, the Mello-Roos Community Facilities Act of 1982 (Government Code §53311-53368.3) was created to provide
an alternate method of financing needed improvements and services.

The Mello-Roos Community Facilities Act of 1982
The Act allows any county, city, special district, school district or joint powers authority to establish a Mello-Roos Community Facilities District (a “CFD”) which allows for financing of public improvements and services. The services and improvements that Mello-Roos CFDs
can finance include streets, sewer systems and other basic infrastructure, police protection, fire protection, ambulance services, schools, parks, libraries, museums and other cultural facilities. By law, the CFD is also entitled to recover expenses needed to form the CFD and
administer the annual special taxes and bonded debt.

What is a Mello-Roos?
A CFD is created to finance public improvements and services when no other source of money is available. CFDs are normally formed in undeveloped areas and are used to build roads and install water and sewer systems so that new homes or commercial space can be built. CFDs are also used in older areas to finance new schools or other additions to the community.  This is why we see a mello-roos in Fusion as it went to pay for the infrastructure for the community as it didn’t exist prior.

What is the Mello-Roos in Fusion?

While the amount of the mello-roos can vary and can change the mello-roos for owners in Fusion is currently (and approximately)  The table below is from a 2018 escrow with specific information at that time.  While we cannot guarantee the information below the contact number listed is 714-541-4585 for updated information.

 

How is a Mello-Roos CFD Formed?
A CFD is created by a sponsoring local government agency. The proposed district will include all properties that will benefit from the improvements to be constructed or the services to be provided.  A CFD cannot be formed without a two-thirds majority vote of residents living within the proposed boundaries. Or, if there are fewer than 12 residents, the vote is instead conducted of current landowners. In many cases, that may be a developer.

Once approved, a Special Tax Lien is placed against each property in the CFD. Property owners then pay a Special Tax each year. If the project cost is high, municipal bonds will be sold by the CFD to provide the large amount of money initially needed to build the
improvements or fund the services.

How is the Annual Charge Determined?
By law (Prop. 13), the Special Tax cannot be directly based on the value of the property. Special Taxes instead are based on mathematical formulas that take into account property characteristics such as use of the property, square footage of the structure and lot size. The
formula is defined at the time of formation, and will include a maximum special tax amount and a percentage maximum annual increase.

How Long Will the Charge Continue?
If bonds were issued by the CFD, special taxes will be charged annually until the bonds are paid off in full. Often, after bonds are paid off, a CFD will continue to charge a reduced fee to maintain the improvements.  According to the information from the table above the Mello-Roos will end in 2041.

IMPORTANT TO KNOW:
• Rights to Accelerated Foreclosure. It is important for CFD property owners to pay their tax bill on time. The CFD has the right (and if bonds are issued, the obligation) to foreclose on property when special taxes are delinquent for more than 90 days. Additionally, any costs of collection and penalties must be paid by the delinquent property owner. This is considerably faster than the standard 5 year waiting period on county ad valorem taxes.
• Disclosure Requirement for Sellers (California Civil Code §1102.6). When reselling a property in a CFD, the seller must make a “good faith effort” to obtain a Notice of Special Tax from the local agency that levies the Special Tax, and provide it to the buyer.

360 South Bay, Hollyglen And Del Aire Homes and Real Estate

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Welcome to Three Sixty, Hollyglen and Del Aire in Hawthorne CAThree Sixty South Bay homes for sale

Fusion South Bay is located in the Hollyglen area of Hawthorne CA. Hollyglen is a great alternative to neighborhoods like West Torrance and Southwood (Torrance) as it has a similar look and feel but prices are generally a bit more affordable. It’s also populare with commuters as it lessens the drive time by quite a bit with convenient access to the freeway. The neighborhood of Hollyglen sits west of the 405 Freeway, north or Rosecrans and south of El Segundo Blvd. Most of the homes in Hollyglen were post war 40’s and 50’s bungalows ranging between 900 and 1,400 feet. Prices have risen dramatically over the past few years with homes ranging between the low $700,000s to over a million. One of the strongest appeals to Hollyglen is the award winning Wiseburn School District. A past concern was the lack of a high school in the district but that’s changing with the completion of Wiseburn High School. At the top corner of the community sits Three Sixty at South Bay which is a very popular alternative to Fusion.

Three Sixty South Bay

Many home buyers that are interested in Fusion are also looking at 360. Three Sixty is a few years newer than Fusion and has amenities to rival a luxury hotel with multiple pools, jacuzzi, state of the art fitness center, incredible clubhouse rooms, dog park, multiple parks and a sport court with basketball and paddle tennis. There are a number of layouts and floorplans including the single family style detached Terrace homes, single level condos in the Flats and townhomes in the Courts, Row, Townes and more. Prices range from the low $600,000s for a studio in the Flats up to $1.3M for the largest of the Terraces.

Current Homes for sale in Hollyglen, Del Aire and 360 South Bay

Get To Know the Neighborhood – Wiseburn School District

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One of the elements that makes Fusion at South Bay such a great community  is the award winning Wiseburn School District.  Although located in the city ofWiseburn School District in the Hollyglen neighborhood of Hawthorne Hawthorne, Hollyglen residents attend this award winning school system.    One of the main concerns residents have had over the years is the lack of a local high school.  Students that graduated from the local middle school were often then enrolled in the Centinela Valley district.  As of 2015 a bond measure was passed for the construction of a local high school that will be located in nearby El Segundo.

From a real estate perspective the Wiseburn School District has a significant impact on housing values.  Homes in the district are generally priced considerably higher than those outside of the district boundaries…even if just a few blocks away.  See the current homes for sale in that attend the Wiseburn School District**

The Wiseburn Unified School District is a small  public school system in the El Segundo/west Hawthorne area that serves the Wiseburn communities of Del Aire, Hollyglen, and Wiseburn.

The Wiseburn Unified School District has entered into a  partnership with the Da Vinci Charter Schools  since 2009.  These independent charter schools were locally created to provide a high school option for Wiseburn students.  As mentioned above, in 2015 a bond measure was passed allowing for the construction of the Wiseburn High School campus that would house the three separate Da Vinci Charter Schools.

District Boundaries

As the Wiseburn district is hightly sought after the district has boundary requirements for local residents.  The district boundaries are roughly Sepulveda Boulevard on the west, Marine Avenue on the south, Imperial Highway on the north, and Inglewood Avenue on the east.  **Please note that we are providing the following for information only and cannot guarantee eligibility to the district.  Please consult with the district offices to determine residency restrictions and elegibility for the district.

Northern Boundaries  

  • Elementary school is Juan De Anza located at 12110 S Hindry
  • South of Imperial Highway to W. 127th Place, street numbers start with 5000 on all east-west streets between Aviation Boulevard and Felton Avenue.
  • Only the west side of Felton Avenue between Imperial Highway and W. 121st Street, but both sides of Felton Avenue south of W. 121st Street.
  • Avaire South Bay Apartments on 11622 Aviation Boulevard with a 90304 zip code.
  • The apartment complex on 5211 Pacific Concourse Drive and 11775 La Cienega Boulevard, both with a 90045 zip code.
  • ThreeSixty at South Bay homes on the corner of Aviation Boulevard and El Segundo Boulevard.

Southern Boundaries

  • Elementary schools are Juan Cabrillo and Peter Burnett
  • The eastside of the 405 Fwy – South of El Segundo Boulevard to W. 138th Street, numbers start with 4800 and end with 5199 between La Cienega Boulevard and Inglewood Avenue.  Only the west side of Inglewood Avenue between El Segundo Boulevard and W. 138thStreet.  (Please note, that the following are not in the Wiseburn District: houses numbered 4800-5199 on W. 139th Street to Rosecrans Avenue, as well as numbers higher than 13811 on La Cienega Boulevard, Oceangate Avenue, Shoup Avenue, and Inglewood Avenue.  These homes belong to the Lawndale School District).
  • The westside of the 405 Fwy – South of El Segundo Boulevard to Rosecrans Avenue numbers run from 5236-5550 and 13300-14100.
  • The condominiums on Marine Avenue, numbered 5401-5497, Units A & B, south of Rosecrans Avenue.
  • Fusion at South Bay homes on Aviation between Marine Avenue and Rosecrans Avenue.

Wiseburn School District boundary map

The northern and southern boundaries west of Aviation Boulevard are Imperial Highway and Rosecrans, respectively with Sepulveda.  The area is part of the City of El Segundo and is mostly commercial space.

School Addresses:

Juan de Anza Elementary School
Kindergarten – Fifth Grade
12110 S. Hindry Avenue, Hawthorne, CA 90250
Phone: (310) 725-2100

Peter Burnett Elementary School
Third – Fifth Grade
5403 W. 138th Street, Hawthorne, CA 90250
Phone: (310) 725-2151

Richard Henry Dana Middle School
Sixth – Eighth Grade
5504 W. 135th Street, Hawthorne, CA  90250
Phone: (310) 725-4700

Current Homes for Sale in the Wiseburn School District**



**This information is provided for refererence and we make no assurances that the homes above are in the Wiseburn District. Please consult with the school district for to confirm residency status and whether the homes are in the district boundaries. For more information visit the Wiseburn District Website and school boundary page.