Seller's Agent in 2024
Jeff Cefalia
Cefalia Real Estate
(949) 697-1955
2 in this area
10 Total Sales
124 Melody Ln Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,744,000 - $2,049,024
3
Beds
3
Baths
2,900
Sq Ft
$659/Sq Ft
Est. Value
Highlights
- Private Pool
- No HOA
- 1-Story Property
- Kaiser Elementary School Rated A
- Central Air
About This Home
As of July 2024Introducing an amazing development opportunity in the highly sought-after Eastside Costa Mesa neighborhood. This exquisite, spacious property, situated in an R3 zone, offers a unique blend of contemporary living and luxury amenities, as well as the potential to build six units, making it an ideal investment for developers and homeowners alike.
The existing home features an open floor plan with two distinct living areas, perfect for entertaining or simply enjoying cozy nights in. The attached 2-car garage ensures ample parking and storage space, while the inclusion of all appliances guarantees a hassle-free move-in experience.
The true showstopper, however, is the incredible backyard oasis that awaits you. Here, you'll find a stunning pool nestled amidst lush landscaping, creating the ultimate escape for relaxation, recreation, and outdoor living. With a backyard like this, you'll feel like you're in your own private paradise.
As a development opportunity, this property's R3 zoning allows for the construction of up to six units, presenting a rare chance to create a multi-family residential project in the vibrant Eastside Costa Mesa community. Benefit from a serene living environment with convenient access to local shops, restaurants, and amenities, while maximizing the property's potential.
Don't miss out on this remarkable property and the chance to capitalize on its outstanding development potential. Seize the opportunity to make a lasting impact on the Eastside Costa Mesa community and create a legacy for years to come.
Last Agent to Sell the Property
Cefalia Real Estate Brokerage Phone: 949-697-1955 License #02081879 Listed on: 01/25/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1963
Lot Details
- 8,780 Sq Ft Lot
- Density is 16-20 Units/Acre
Parking
- 2 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,900 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
- Dryer
Additional Features
- Private Pool
- Central Air
Listing and Financial Details
- Tax Lot 221
- Tax Tract Number 516
- Assessor Parcel Number 42618114
- $793 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Eastside Central Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 9, 2024
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jan 25, 2024
Closed on
May 17, 2024
Sold by
Bought by
Seller's Agent
Jeff Cefalia
Cefalia Real Estate
Buyer's Agent
Mark Ayoub
Arbor Real Estate
List Price
$1,650,000
Sold Price
$1,495,000
Premium/Discount to List
-$155,000
-9.39%
Views
66
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%
Original Mortgage
$1,121,250
Interest Rate
0.0703%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 21, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
0.0661%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 19, 2020
Sold by
Bought by
Purchase Details
Listed on
Jul 10, 2019
Closed on
Oct 25, 2019
Sold by
Bought by
Seller's Agent
Wendy Wiegand
Wiegand Realty
Buyer's Agent
Elena Grant
McMonigle Group Corp
List Price
$1,100,000
Sold Price
$830,000
Premium/Discount to List
-$270,000
-24.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.15%
Original Mortgage
$747,000
Interest Rate
0.0625%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 4, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
0.052%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 9, 2007
Sold by
Bought by
Purchase Details
Closed on
May 9, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
0.0726%
Purchase Details
Closed on
May 9, 2000
Sold by
Bought by
Purchase Details
Closed on
Jun 1, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,480,000 | Pacific Coast Title | ||
| $1,495,000 | First American Title | ||
| $1,460,000 | Chicago Title Company | ||
| -- | None Available | ||
| $830,000 | Fidelity Natl Ttl San Diego | ||
| $585,000 | Western Resources Title Co | ||
| -- | None Available | ||
| -- | Chicago Title Co | ||
| -- | Chicago Title Co | ||
| $195,000 | Guardian Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,121,250 | ||
| Previous Owner | $1,040,000 | ||
| Previous Owner | $69,000 | ||
| Previous Owner | $747,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $416,000 | ||
| Previous Owner | $115,000 | ||
| Previous Owner | $241,858 | ||
| Previous Owner | $130,000 | ||
| Previous Owner | $185,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/16/2024 07/16/24 | Sold | $1,495,000 | 0.0% | $516 / Sq Ft | |
| 07/16/2024 07/16/24 | Sold | $1,495,000 | -9.4% | $830 / Sq Ft | View Prior Sale |
| 07/08/2024 07/08/24 | Price Changed | $1,650,000 | 0.0% | $916 / Sq Ft | |
| 05/07/2024 05/07/24 | Pending | -- | -- | -- | |
| 05/07/2024 05/07/24 | Pending | -- | -- | -- | |
| 01/25/2024 01/25/24 | For Sale | $1,650,000 | 0.0% | $569 / Sq Ft | |
| 01/22/2024 01/22/24 | Price Changed | $1,650,000 | -5.7% | $916 / Sq Ft | |
| 12/13/2023 12/13/23 | For Sale | $1,750,000 | +17.1% | $971 / Sq Ft | |
| 06/14/2023 06/14/23 | Off Market | $1,495,000 | -- | -- | |
| 06/07/2023 06/07/23 | Price Changed | $1,650,000 | -13.1% | $916 / Sq Ft | |
| 04/18/2023 04/18/23 | Price Changed | $1,899,000 | -9.6% | $1,054 / Sq Ft | |
| 04/17/2023 04/17/23 | For Sale | $2,100,000 | +153.0% | $1,165 / Sq Ft | |
| 10/25/2019 10/25/19 | Sold | $830,000 | -7.8% | $461 / Sq Ft | View Prior Sale |
| 10/01/2019 10/01/19 | Pending | -- | -- | -- | |
| 09/25/2019 09/25/19 | Price Changed | $899,900 | -5.3% | $499 / Sq Ft | |
| 09/09/2019 09/09/19 | Price Changed | $949,900 | -2.1% | $527 / Sq Ft | |
| 08/31/2019 08/31/19 | Price Changed | $969,900 | -2.0% | $538 / Sq Ft | |
| 08/17/2019 08/17/19 | Price Changed | $990,000 | -5.7% | $549 / Sq Ft | |
| 08/06/2019 08/06/19 | Price Changed | $1,049,999 | -4.5% | $583 / Sq Ft | |
| 07/10/2019 07/10/19 | For Sale | $1,100,000 | -- | $610 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,682 | $1,480,000 | $1,321,339 | $158,661 |
| 2024 | $16,682 | $1,489,200 | $1,336,186 | $153,014 |
| 2023 | $10,066 | $872,476 | $734,229 | $138,247 |
| 2022 | $9,789 | $855,369 | $719,832 | $135,537 |
| 2021 | $9,537 | $838,598 | $705,718 | $132,880 |
| 2020 | $9,358 | $830,000 | $698,482 | $131,518 |
| 2019 | $7,721 | $676,930 | $531,624 | $145,306 |
| 2018 | $7,565 | $663,657 | $521,200 | $142,457 |
| 2017 | $7,436 | $650,645 | $510,981 | $139,664 |
| 2016 | $7,275 | $637,888 | $500,962 | $136,926 |
| 2015 | $7,205 | $628,307 | $493,437 | $134,870 |
| 2014 | $7,040 | $616,000 | $483,771 | $132,229 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Cefalia
-
Mark Ayoub
M
Buyer's Agent in 2024
Mark Ayoub
Arbor Real Estate
(310) 717-3008
2 in this area
29 Total Sales
-
W
Seller's Agent in 2019
Wendy Wiegand
Wiegand Realty
-
E
Buyer's Agent in 2019
Elena Grant
McMonigle Group Corp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24015785
APN: 426-181-14
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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