NOT LISTED FOR SALE

1029 Palmetto Way Costa Mesa, CA 92626

Estimated Value: $1,552,235 - $1,821,000

3 Beds
2.5 Baths
2,165 Sq Ft
$773/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $1,000,000 $462 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $10,176/month

11 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Bonus Room
  • Costa Mesa High School Rated A-
  • Wood Flooring
  • Corner Lot

About This Home

As of August 2020

Beautiful, highly upgraded entertainer's dream home. Open concept gourmet kitchen with quartz counters, new custom hardwood shaker cabinets with soft close hinges and drawers. Viking 6 burner stove, designer backsplash, walk in pantry and home management center. Spacious great room with in ceiling speakers and gas burning fireplace. Master Suite features large bedroom, dual sinks, whirlpool tub, separate shower and custom walk in closet. Upstairs laundry room and tons of storage. Patio cover with custom bar/barbecue island including two burner stove, sink and refrigerator. Custom fire pit, pavers, and artificial turf side yard complete the low-maintenance tropical backyard oasis. 2 car garage with epoxy garage floors and generous overhead storage. Oversized driveway allows for plenty of parking. Highly desired location within this intimate community and private cul-de-sac location. Minutes away from beaches, parks, dining/entertaining, shopping and all of Orange County's finest destinations. Must see! Virtual tour: https://my.matterport.com/show/?m=SdwzHJG3rb9&brand=0

Last Agent to Sell the Property

Jacob Raabe

eXp Realty of Greater Los Angeles, Inc. License #01909672 Listed on: 07/01/2020

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Jane Tittle

Tittle Realty Inc. License #01182745

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,189

Year Built

  • Built in 2012 | Remodeled

Lot Details

  • 3,597 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Private Yard

HOA Fees

  • $113 Monthly HOA Fees

Parking

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

Home Design

  • Turnkey
  • Slab Foundation
  • Concrete Roof

Interior Spaces

  • 2,165 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Awning
  • Custom Window Coverings
  • Window Screens
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Bonus Room
  • Storage
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Self-Cleaning Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Outdoor Grill
  • Front Porch

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 16917
  • Assessor Parcel Number 14167136

Community Details

Overview

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

Amenities

  • Picnic Area

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,189

Year Built

Built in 2012 | Remodeled

Lot Details

0

HOA Fees

$113 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Outdoor bar refrigerator
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Fire and Smoke Detection System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Mesa Del Mar (MDMA)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14167136
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2165.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Crown Molding, High Ceilings, Recessed Lighting, Stone Counters, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Fireplace Features: Family Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 461.89
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Formal Entry, Foyer, Great Room, Kitchen, Laundry, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry
  • Window Features: Custom Covering, Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Quartz Counters, Remodeled, Separate Tub And Shower, Stone Counters, Upgraded
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Awning(s), Barbecue Private
  • View: Neighborhood
  • Patio And Porch Features: Front Porch
  • Pool Private: No
  • Roof: Concrete

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Tankless Water Heater, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area
  • Association Fee: 112.50
  • Association Fee Frequency: Monthly
  • Association Name: Grove Mesa Del Mar
  • Phone: (949) 261-8282
  • Senior Community: No
  • Community Features: Park, Suburban
  • Association Management: Total Property Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac, Front Yard, Sprinklers In Front, Sprinklers In Rear, Yard
  • Lot Size Sq Ft: 3597.00
  • Lot Size Acres: 0.0826

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3597.0000 Square Feet
  • Number Of Units In Community: 24
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 16
  • Tax Tract Number: 16917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Jul 18, 2020
Sold by
Raabe Jacob Jules Becker and Bowe Raabe Erin
Bought by
Ross Nicholas and Ross Melodie
Seller's Agent
Jacob Raabe
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
Jane Tittle
Tittle Realty Inc.
List Price
$998,000
Sold Price
$1,000,000
Premium/Discount to List
$2,000
0.2%
Current Estimated Value
$1,673,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$673,309
Avg. Annual Appreciation
10.31%
Original Mortgage
$900,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2018
Sold by
Raabe Jacob J and Bowe Raabe Erin E
Bought by
Becker Raabe Jacob Jules and Bowe Raabe Erin Elyse

Purchase Details

Listed on
Jan 16, 2012
Closed on
May 29, 2012
Sold by
Oxbow 101 Llc
Bought by
Raabe Jacob J and Bowe Raabe Erin E
Seller's Agent
Rob Udell
Re/Max Connections
Buyer's Agent
Rob Udell
Re/Max Connections
List Price
$635,000
Sold Price
$620,000
Premium/Discount to List
-$15,000
-2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$558,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ross Nicholas $1,000,000 First American Title Company
Becker Raabe Jacob Jules -- None Available
Raabe Jacob J $620,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Nicholas $880,000
Closed Ross Nicholas $40,000
Closed Ross Nicholas $900,000
Previous Owner Raabe Jules Becker $0
Previous Owner Raabe Jacob J $535,000
Previous Owner Raabe Jacob J $558,000
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
08/17/2020 08/17/20 Sold $1,000,000 +0.2% $462 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $998,000 -0.2% $461 / Sq Ft
07/03/2020 07/03/20 Off Market $1,000,000 -- --
07/01/2020 07/01/20 For Sale $998,000 +61.0% $461 / Sq Ft
06/01/2012 06/01/12 Sold $620,000 -2.4% $286 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
01/16/2012 01/16/12 For Sale $635,000 -- $293 / 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 $12,189 $1,082,432 $635,308 $447,124
2024 $12,189 $1,061,208 $622,851 $438,357
2023 $11,817 $1,040,400 $610,638 $429,762
2022 $11,471 $1,020,000 $598,664 $421,336
2021 $11,160 $1,000,000 $586,925 $413,075
2020 $8,115 $712,070 $320,434 $391,636
2019 $7,942 $698,108 $314,151 $383,957
2018 $7,781 $684,420 $307,991 $376,429
2017 $7,649 $671,000 $301,951 $369,049
2016 $7,483 $657,844 $296,031 $361,813
2015 $7,411 $647,963 $291,584 $356,379
2014 $7,241 $635,271 $285,872 $349,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20127444

California Regional Multiple Listing Service (CRMLS)

APN: 141-671-36