NOT LISTED FOR SALE

1025 Palmetto Way Costa Mesa, CA 92626

Estimated Value: $1,607,000 - $1,840,000

3 Beds
2.5 Baths
2,242 Sq Ft
$764/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $1,300,000 $580 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $10,703/month

9 Days on Market

Highlights

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

About This Home

As of December 2021

Newer construction in Mesa del Mar! Welcome to 1025 Palmetto Way--tucked away in a quiet cul de sac within the community. With over 2,200 square feet of living and 3 bedrooms PLUS a loft and 2.5 bathrooms, this home shows true pride of ownership as every corner has been meticulously maintained. Enter the front door to soaring ceilings, large dual pane windows, crown moulding and wood floors throughout the bottom level. A living room open from the kitchen is large enough to host a grand piano and features a focal fireplace with built in shelving. The chef's kitchen features espresso cabinetry, granite countertops, stainless steel appliances (double oven included!), a large walk in pantry and breakfast bar seating. Upstairs is a large multipurpose loft, an individual laundry room with a sink and comfortable secondary bedrooms. The master bedroom suite includes a spacious walk in closet, dual sinks and a soaking tub with a separate shower. Relax in the eco friendly yard with smooth stucco walls, decorative pavers, turf and water features! Conveniently located to Tewinkle Park, South Coast Plaza, the OC Fairgrounds and minutes to 17th Street and the best beaches in Orange County, come quick!

Last Agent to Sell the Property

Christine Morgan

Marterra Real Estate License #01839037 Listed on: 11/08/2021

Co-Listed By

Michelle Wahler

Marterra Real Estate License #01964152

Last Buyer's Agent

Kaylyn Floryan

Legacy 15 Real Estate Brokers License #01941843

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,254

Year Built

  • Built in 2012

Lot Details

  • 4,588 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Block Wall Fence
  • Stucco Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway Level
  • Off-Street Parking

Home Design

  • Turnkey
  • Planned Development
  • Fire Rated Drywall
  • Frame Construction
  • Tile Roof
  • Concrete Roof

Interior Spaces

  • 2,242 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Two Story Ceilings
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • French Mullion Window
  • Panel Doors
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Loft
  • Storage
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Convection Oven
  • Electric Oven
  • Built-In Range
  • Range Hood
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors swing in
  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits
  • Entry Slope Less Than 1 Foot
  • Low Pile Carpeting

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 16917
  • Assessor Parcel Number 14167134
  • $692 per year additional tax assessments

Community Details

Overview

  • The Groves At Mesa Del Mar Association, Phone Number (949) 261-8282
  • Total Property Management HOA
  • Mesa Del Mar Subdivision

Amenities

  • Picnic Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,254

Year Built

Built in 2012

Lot Details

0

HOA Fees

$120 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Washer and Dryer, Backyard 2 fountains, 2 Umbrellas with stands and garden game table with stools, Italian vase and potted orange tree
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Mesa Del Mar (MDMA)
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14167134
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2242.00 Square Feet
  • Interior Amenities: Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Tile Counters, Two Story Ceilings
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors, 36 Inch Or More Wide Halls, 48 Inch Or More Wide Halls, Doors - Swing In, Entry Slope Less Than 1 Foot, Low Pile Carpeting
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Panel Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room, In Kitchen
  • Fireplace Features: Family Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 579.84
  • Room Type: All Bedrooms Up, Attic, Entry, Family Room, Great Room, Kitchen, Laundry, Living Room, Loft, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry
  • Window Features: Double Pane Windows, French/Mullioned, Low Emissivity Windows
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Jetted Tub, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Tile Counters
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Stucco Wall
  • Patio And Porch Features: Patio, Front Porch
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Garage Door Opener, Off Street, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Electric Oven, Freezer, Gas Cooktop, Ice Maker, Range Hood, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan, Water Line to Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area
  • Association Fee: 120.00
  • Association Fee Frequency: Monthly
  • Association Name: The Groves at Mesa Del Mar
  • Phone: 949-261-8282
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Street Lights
  • Association Management: Total Property Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Park Nearby, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 4588.00
  • Lot Size Acres: 0.1053

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4588.0000 Square Feet
  • Number Of Units Total: 1000

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 14
  • Tax Tract Number: 16917
  • TaxOtherAnnualAssessmentAmount: 692.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Nov 19, 2021
Sold by
Lowe Jeffrey Alan and Lowe Linda Ann
Bought by
Kurokawa Yosuke and Chen Yanlin
Seller's Agent
Christine Morgan
Marterra Real Estate
Buyer's Agent
Kaylyn Floryan
Legacy 15 Real Estate Brokers
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%
Current Estimated Value
$1,712,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,420
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Aug 31, 2016
Sold by
Lowe Jeffrey Alan and Lowe Linda Ann
Bought by
Lowe Jeffrey Alan and Lowe Linda Ann

Purchase Details

Closed on
May 23, 2011
Sold by
Oxbow 101 Llc
Bought by
Lowe Jeffrey Alan and Lowe Linda Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.56%
Mortgage Type
New Conventional
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
Kurokawa Yosuke $1,300,000 Fidelity Natl Ttl Orange Cnt
Lowe Jeffrey Alan -- None Available
Lowe Jeffrey Alan $605,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oxbow 101 Llc $3,900,000
Previous Owner Lowe Jeffrey Alan $350,000
Previous Owner Oxbow 101 Llc $4,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $1,300,000 +4.0% $580 / Sq Ft
11/08/2021 11/08/21 For Sale $1,250,000 +106.6% $558 / Sq Ft
08/15/2012 08/15/12 Sold $605,000 -3.2% $279 / Sq Ft
06/21/2012 06/21/12 Price Changed $625,000 +3.3% $289 / Sq Ft
04/24/2012 04/24/12 Pending -- -- --
04/01/2012 04/01/12 Off Market $605,000 -- --
03/29/2012 03/29/12 For Sale $625,000 +3.3% $289 / Sq Ft
03/28/2012 03/28/12 Off Market $605,000 -- --
01/16/2012 01/16/12 For Sale $625,000 -- $289 / 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 $15,254 $1,379,570 $934,548 $445,022
2024 $15,254 $1,352,520 $916,223 $436,297
2023 $14,811 $1,326,000 $898,257 $427,743
2022 $14,489 $1,300,000 $880,644 $419,356
2021 $7,954 $688,274 $300,948 $387,326
2020 $7,864 $681,217 $297,862 $383,355
2019 $7,697 $667,860 $292,021 $375,839
2018 $7,543 $654,765 $286,295 $368,470
2017 $7,417 $641,927 $280,681 $361,246
2016 $7,258 $629,341 $275,178 $354,163
2015 $7,189 $619,888 $271,044 $348,844
2014 $7,025 $607,746 $265,735 $342,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21239692

California Regional Multiple Listing Service (CRMLS)

APN: 141-671-34