NOT LISTED FOR SALE

Estimated Value: $1,243,000 - $1,411,435

4 Beds
2 Baths
2,176 Sq Ft
$605/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $820,000 $377 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,025/month

56 Days on Market

Highlights

  • Heated Spa
  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • Open Floorplan
  • Property is near a park
  • 2-minute walk to Ketchum-Libolt Park

About This Home

As of March 2021

“Auction Style Sale” - Being Sold with Tenants already in place. Welcome home to this charming four bedroom, two bathroom Gem with a pool centrally located in Costa Mesa. Enjoy space and privacy in this entertainer's home that offers many tasteful features including new carpet, new paint, dual pane windows, high ceilings, recessed lighting, and an expansive backyard patio. Enter into a formal living room with a wood-burning fireplace that leads to the heart of the home the kitchen with an eat-in bar, dining, and large family room with access to the large backyard patio. This great floor plan offers three main floor bedrooms and a large upstairs master bedroom with a balcony. Makes for easy living, with no wasted space. The oversized car garage and 3 car driveway parking offer an ample amount of parking. Minutes from Newport and Huntington Beaches, world-renown South Coast Plaza, local shops, highly rated restaurants, John Wayne airport, and the 55 and 405 freeways.

Last Agent to Sell the Property

Demetria Moore

Christie's International R.E. Southern California License #01891193 Listed on: 12/04/2020

Christie's International R.E. Southern California

Co-Listed By

Andrew Moore

Compass License #01954495

Last Buyer's Agent

Terry McCarty

Coldwell Banker Realty License #01239625

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,169

Year Built

  • Built in 1956

Lot Details

  • 6,090 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Fence is in average condition
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Craftsman Architecture
  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Frame Construction
  • Fire Retardant Roof
  • Flat Tile Roof
  • Asphalt Roof
  • Lap Siding
  • Copper Plumbing
  • Hardboard
  • Stucco

Interior Spaces

  • 2,176 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Gas Fireplace
  • Double Pane Windows
  • Awning
  • Blinds
  • Sliding Doors
  • Panel Doors
  • Family Room
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Six Burner Stove
  • Gas and Electric Range
  • Microwave
  • Water Line To Refrigerator
  • Laminate Countertops
  • Formica Countertops

Flooring

  • Brick
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer
  • 220 Volts In Laundry

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors swing in
  • Low Pile Carpeting

Pool

  • Heated Spa
  • Fiberglass Pool
  • Above Ground Spa
  • Fiberglass Spa

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Other Expense $600
  • New Taxes Expense $7,369
  • Operating Expense $8,869
  • Gross Income $390,000
  • Net Operating Income $360,000

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 2966
  • Assessor Parcel Number 42219108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,169

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 42219108
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Copper Plumbing Full, Crown Molding, Formica Counters, High Ceilings, Laminate Counters, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Brick, Tile
  • Accessibility Features: 36 Inch Or More Wide Halls, Doors - Swing In, Low Pile Carpeting
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Fireplace Features: Living Room, Gas, Wood Burning, Masonry
  • Levels: Two
  • Price Per Square Foot: 376.84
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom
  • Spa Features: Private, Above Ground, Fiberglass, Heated
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Features: Private, Fiberglass
  • Pool Private: Yes
  • Roof: Asphalt, Fire Retardant, Flat Tile
  • Spa: Yes
  • Construction Materials: Brick, Drywall Walls, Frame, Glass, Hardboard, Lap Siding, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Gas & Electric Range, Gas Oven, High Efficiency Water Heater, Microwave, Self Cleaning Oven, Vented Exhaust Fan, Water Heater Central, Water Line to Refrigerator
  • Electric: 220 Volts in Garage, 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Stackable, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Park Nearby
  • Lot Size Sq Ft: 6090.00
  • Lot Size Acres: 0.1398

Multi Family

  • Gross Income: 390000.00
  • Gross Scheduled Income: 390000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6090.0000 Square Feet
  • Net Operating Income: 360000.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Operating Expense: 3000.00
  • Other Expense: 600.00
  • Other Expense Description: Pool
  • Rent Control: No
  • Total Expenses: 8869.00

Tax Info

  • New Taxes Expense: 7369.00
  • Tax Census Tract: 638.08
  • Tax Lot: 14
  • Tax Tract Number: 2966

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 1, 2021
Sold by
Molgaard Daniel S and Molgaard Heidi
Bought by
Ruzbasan Devin
Seller's Agent
Demetria Moore
Christie's International R.E. Southern California
Buyer's Agent
Terry McCarty
Coldwell Banker Realty
List Price
$700,000
Sold Price
$820,000
Premium/Discount to List
$120,000
17.14%
Current Estimated Value
$1,317,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,359
Avg. Annual Appreciation
10.80%
Original Mortgage
$738,000
Outstanding Balance
$661,565
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$632,518

Purchase Details

Closed on
Oct 18, 1999
Sold by
Wallace Sage J and Wallace Julie
Bought by
Molgaard Daniel S and Molgaard Heidi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,100
Interest Rate
7.82%
Source: Public Records

Range of Values:

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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
Ruzbasan Devin $820,000 Lawyers Title Company
Molgaard Daniel S $249,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruzbasan Devin $738,000
Previous Owner Molgaard Daniel S $347,500
Previous Owner Molgaard Daniel S $343,100
Previous Owner Molgaard Daniel S $330,000
Previous Owner Molgaard Daniel S $244,000
Previous Owner Molgaard Daniel S $316,000
Previous Owner Molgaard Daniel S $236,500
Previous Owner Molgaard Daniel S $233,000
Previous Owner Molgaard Daniel S $224,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2021 03/16/21 Sold $820,000 0.0% $377 / Sq Ft
03/16/2021 03/16/21 Sold $820,000 +17.1% $377 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/29/2021 01/29/21 Pending -- -- --
12/04/2020 12/04/20 Price Changed $700,000 0.0% $322 / Sq Ft
12/04/2020 12/04/20 For Sale $700,000 -21.3% $322 / Sq Ft
11/25/2020 11/25/20 Price Changed $889,000 -1.1% $409 / Sq Ft
10/06/2020 10/06/20 Price Changed $899,000 -5.4% $413 / Sq Ft
08/28/2020 08/28/20 For Sale $950,000 -- $437 / 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 $10,169 $887,593 $793,931 $93,662
2024 $10,169 $870,190 $778,364 $91,826
2023 $9,863 $853,128 $763,102 $90,026
2022 $9,590 $836,400 $748,139 $88,261
2021 $4,360 $353,554 $262,957 $90,597
2020 $4,304 $349,929 $260,260 $89,669
2019 $4,211 $343,068 $255,157 $87,911
2018 $4,125 $336,342 $250,154 $86,188
2017 $4,058 $329,748 $245,249 $84,499
2016 $3,973 $323,283 $240,440 $82,843
2015 $3,934 $318,427 $236,828 $81,599
2014 $3,846 $312,190 $232,189 $80,001
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20251609

California Regional Multiple Listing Service (CRMLS)

APN: 422-191-08