NOT LISTED FOR SALE

1026 Palmetto Way Costa Mesa, CA 92626

Estimated Value: $1,501,473 - $1,869,000

3 Beds
2.5 Baths
2,242 Sq Ft
$723/Sq Ft Est. Value

Last Sold June 22, 2017

Last sale price $840,000 $375 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,329/month

10 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Wood Flooring
  • Costa Mesa High School Rated A-
  • Cathedral Ceiling
  • Hydromassage or Jetted Bathtub

About This Home

As of June 2017

Welcome home to 1026 Palmetto at The Grove in Costa Mesa. This gorgeous newer construction home features an open floor plan with 3 bedrooms, 2.5 bathrooms, a loft and a 2 car garage. Upon entering the home you are welcomed with a vaulted entry leading to a great room layout with family room, dinning room and kitchen, with hardwood flooring and recessed lighting throughout the downstairs. The gourmet kitchen features granite countertops, high quality GE Profile stainless-steel appliances, walk-in pantry, an oversized center island and is open to the family room with crown molding, a fireplace and built-in cabinetry. As you make your way up the staircase you are greeted by a loft, two secondary bedrooms with ceiling fans and closets with custom built-ins, a laundry room, and a full bathroom with dual sinks and marble countertops. The grand master suite features a large master bathroom with his & her sinks and marble countertops, a walk-in shower, separate soaking tub and a walk-in closet with custom built-ins. The serene backyard oasis features custom pavers, a covered patio and gas fire pit perfect for entertaining! Conveniently located next to major freeways, shopping, and restaurants!

Last Agent to Sell the Property

Natalie Boyle

Verso Homes License #01329012 Listed on: 05/08/2017

Co-Listed By

Bree Hughes

Compass License #01440050

Last Buyer's Agent

ChinLang Fu

Irvine Realty & Mortgage Co. License #01278377

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,080

Year Built

  • Built in 2012 | Remodeled

Lot Details

  • 3,482 Sq Ft Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Back Yard

HOA Fees

  • $112 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Contemporary Architecture
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,242 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Window Screens
  • French Doors
  • ENERGY STAR Qualified Doors
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Dining Room
  • Bonus Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Upgraded Bathroom
  • Stone Bathroom Countertops
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances

Outdoor Features

  • Covered patio or porch
  • Fire Pit
  • Rain Gutters

Schools

  • Sonora Elementary School
  • Costa Mesa Middle School
  • Costa Mesa High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • The Grove Association

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 16917
  • Assessor Parcel Number 14167130

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,080

Year Built

Built in 2012 | Remodeled

Lot Details

0

HOA Fees

$112 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Mesa Del Mar (MDMA)
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14167130
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2242.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: ENERGY STAR Qualified Doors, French Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Fire Pit, Great Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 374.67
  • Room Type: All Bedrooms Up, Bonus Room, Family Room, Great Room, Kitchen, Laundry, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Screens
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Jetted Tub, Linen Closet/Storage, Privacy Toilet Door, Separate Tub And Shower, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered, Patio
  • Pool Private: No
  • Roof: Concrete, Tile
  • Construction Materials: Stone, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Direct Garage Access, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Range Hood
  • Heating Type: Central
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly
  • Association Fee: 112.00
  • Association Fee Frequency: Monthly
  • Association Name: The Grove
  • Phone: 000-000-000
  • Senior Community: No
  • Community Features: Curbs, Gutters

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Sonora
  • Middle School: Costa Mesa
  • High School: Costa Mesa
  • Elementary School: Sonora
  • High School: Costa Mesa
  • Middle Or Junior School: Costa Mesa
  • Elementary School #2: SONORA
  • High School2: COSMES

Green Features

  • Efficiency: Appliances, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Landscaped, Paved, Planned Unit Development, Sprinkler System
  • Lot Size Sq Ft: 3482.00

Multi Family

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

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 10
  • Tax Tract Number: 16917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2022
Sold by
Hu and Xiaoqin
Bought by
Shibin Hu And Xiaoqin Xie Revocable Living Tr
Current Estimated Value
$1,501,598

Purchase Details

Listed on
May 8, 2017
Closed on
May 22, 2017
Sold by
Levin Michael and Levin Whitney
Bought by
Hu Shibin and Xie Xiaoqin
Seller's Agent
Natalie Boyle
Verso Homes
Buyer's Agent
ChinLang Fu
Irvine Realty & Mortgage Co.
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$670,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2014
Sold by
Levin Michael
Bought by
Levin Michael and Levin Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,700
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 16, 2012
Closed on
May 29, 2012
Sold by
Oxbow 101 Llc
Bought by
Levin Michael
Seller's Agent
Rob Udell
Re/Max Premier Realty
List Price
$625,000
Sold Price
$607,000
Premium/Discount to List
-$18,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$485,600
Interest Rate
3.79%
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
Shibin Hu And Xiaoqin Xie Revocable Living Tr -- Mailly Guy E
Hu Shibin $840,000 Title365
Levin Michael -- Title365
Levin Michael $607,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hu Shibin $506,000
Previous Owner Hu Shibin $510,400
Previous Owner Hu Shibin $670,000
Previous Owner Levin Michael $463,700
Previous Owner Levin Michael $485,600
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
06/22/2017 06/22/17 Sold $840,000 +1.8% $375 / Sq Ft
05/08/2017 05/08/17 For Sale $825,000 +35.9% $368 / Sq Ft
06/01/2012 06/01/12 Sold $607,000 -2.9% $280 / Sq Ft
04/24/2012 04/24/12 Pending -- -- --
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
2024 $11,080 $955,774 $544,959 $410,815
2023 $10,733 $937,034 $534,274 $402,760
2022 $10,405 $918,661 $523,798 $394,863
2021 $10,115 $900,649 $513,528 $387,121
2020 $10,003 $891,414 $508,262 $383,152
2019 $9,790 $873,936 $498,296 $375,640
2018 $9,593 $856,800 $488,525 $368,275
2017 $7,501 $656,931 $278,141 $378,790
2016 $7,339 $644,050 $272,687 $371,363
2015 $7,268 $634,376 $268,591 $365,785
2014 -- $621,950 $263,330 $358,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17100956

California Regional Multiple Listing Service (CRMLS)

APN: 141-671-30