NOT LISTED FOR SALE

1022 Palmetto Way Costa Mesa, CA 92626

Estimated Value: $1,576,000 - $1,870,000

4 Beds
3 Baths
2,383 Sq Ft
$699/Sq Ft Est. Value

Last Sold January 29, 2018

Last sale price $895,000 $376 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $9,672/month

14 Days on Market

Highlights

  • Newly Remodeled
  • Primary Bedroom Suite
  • Property is near a park
  • Costa Mesa High School Rated A-
  • Open Floorplan
  • Two Story Ceilings

About This Home

As of January 2018

WELCOME HOME! Almost brand new home! Pride of ownership and it shows. HUGE 4 bedrooms, 3 full baths + LARGE BONUS ROOM (can easily be converted to 5th bedroom)! Largest floor plan in tract. Fresh paint, fresh landscaping, model-like home! Rare chance to own a real SFR in Costa Mesa in a new development. Private end unit w/ only 1 neighbor! 9 Feet ceilings makes this house feel huge! Stainless steel all GE Profile appliances, epoxy floored garage, tankless water heater, large island in granite kitchen, gas fireplace, CUSTOM walk in closet, walk in pantry, double pane windows, central air conditioning, jacuzzi tub, very well insulated walls, open floor plan, separate laundry room, great school district, welcoming backyard, main floor bedroom + bathroom downstairs! Everything looks, smells and feels new.

Last Agent to Sell the Property

Kimberly Wright

Homerun Realtors License #01494752 Listed on: 12/26/2017

Last Buyer's Agent

Michael Tang

Homeside Real Estate License #00837568

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,528

Year Built

  • Built in 2012 | Newly Remodeled

Lot Details

  • 3,698 Sq Ft Lot
  • End Unit
  • East Facing Home
  • Fenced
  • Fence is in excellent condition
  • Drip System Landscaping
  • Level Lot
  • Sprinklers Throughout Yard
  • Lawn
  • Garden
  • Density is up to 1 Unit/Acre

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,383 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Two Story Ceilings
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Blinds
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room
  • Storage
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Self-Cleaning Convection Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors are 32 inches wide or more
  • Accessible Parking

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Outdoor Features

  • Brick Porch or Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 14167132

Community Details

Overview

  • The Grove At Mesa Del Mar Association, Phone Number (949) 555-5555
  • Maintained Community

Amenities

  • Picnic Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,528

Year Built

Built in 2012 | Newly Remodeled

Lot Details

0

HOA Fees

$113 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: Mesa Del Mar (MDMA)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Mediterranean
  • New Construction: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14167132
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2383.00 Square Feet
  • Interior Amenities: Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Tile Counters, Two Story Ceilings
  • Entry Location: Ground Level No Steps
  • Common Walls: End Unit, No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 32 Inch Or More Wide Doors, Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 375.58
  • Room Type: Bonus Room, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Double Pane Windows, Insulated Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Jetted Tub, Linen Closet/Storage, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Brick, Stone
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Double Oven, Disposal, Gas Cooktop, Gas Water Heater, Instant Hot Water, Microwave, Range Hood, Self Cleaning Oven, Tankless Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Natural Gas, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area, Maintenance Grounds, Dues Paid Monthly, Pets Permitted
  • Association Fee: 113.00
  • Association Fee Frequency: Monthly
  • Association Name: The grove at mesa del mar
  • Phone: 9495555555
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Schools

  • School District: Newport Mesa Unified

Green Features

  • Efficiency: Appliances, Water Heater, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Lawn, Level with Street, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 3698.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 25
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: NAC4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2018
Sold by
Tran Louis Cuong Phu
Bought by
Tran Louis Cuong Phu and Nguyen Mai Huynh
Current Estimated Value
$1,556,801

Purchase Details

Listed on
Dec 26, 2017
Closed on
Jan 8, 2018
Sold by
Wright Christopher D
Bought by
Tran Louis Cuong Thu
Seller's Agent
Kimberly Wright
Homerun Realtors
Buyer's Agent
Michael Tang
Homeside Real Estate
List Price
$888,000
Sold Price
$895,000
Premium/Discount to List
$7,000
0.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$350,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2016
Sold by
Wright Kimberly
Bought by
Wright Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2015
Sold by
Babayan Legacy Management
Bought by
Wright Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,700
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2013
Sold by
U S Trust Company Of Delaware
Bought by
Babayan Legacy Management Llc

Purchase Details

Closed on
Oct 16, 2012
Sold by
Babayan Vartan and Babayan Odette
Bought by
Us Trust Company Of Delaware and Babayan Dynasty Trust

Purchase Details

Listed on
Jan 16, 2012
Closed on
May 29, 2012
Sold by
Oxbow 101 Llc
Bought by
Babayan Vartan and Babayan Odette
Seller's Agent
Rob Udell
Re/Max Premier Realty
Buyer's Agent
Rob Udell
Re/Max Premier Realty
List Price
$725,000
Sold Price
$675,000
Premium/Discount to List
-$50,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tran Louis Cuong Phu -- None Available
Tran Louis Cuong Thu $895,000 Fidelity National Title
Wright Christopher D -- Pacific Coast Title Company
Wright Christopher D $726,000 Lawyers Title
Babayan Legacy Management Llc -- None Available
Us Trust Company Of Delaware -- None Available
Babayan Vartan $675,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Louis Cuong Phu $337,500
Closed Tran Louis Cuong Phu $342,700
Closed Tran Louis Cuongphu $350,000
Previous Owner Wright Christopher D $577,000
Previous Owner Wright Christopher D $580,700
Previous Owner Oxbow 101 Llc $3,900,000
Previous Owner Oxbow 101 Llc $4,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2018 01/29/18 Sold $895,000 +0.8% $376 / Sq Ft
01/03/2018 01/03/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $888,000 +31.6% $373 / Sq Ft
06/28/2012 06/28/12 Sold $675,000 -4.8% $283 / Sq Ft
05/22/2012 05/22/12 Price Changed $709,000 -2.2% $298 / Sq Ft
05/16/2012 05/16/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $725,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,528 $1,018,355 $550,238 $468,117
2024 $11,528 $998,388 $539,449 $458,939
2023 $11,171 $978,812 $528,871 $449,941
2022 $10,836 $959,620 $518,501 $441,119
2021 $10,537 $940,804 $508,334 $432,470
2020 $10,422 $931,158 $503,122 $428,036
2019 $10,632 $912,900 $493,256 $419,644
2018 $8,720 $766,715 $361,045 $405,670
2017 $8,498 $751,682 $353,966 $397,716
2016 $8,328 $736,944 $347,026 $389,918
2015 $7,697 $688,486 $328,487 $359,999
2014 $7,517 $675,000 $322,052 $352,948
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17277796

California Regional Multiple Listing Service (CRMLS)

APN: 141-671-32