227 Palmer St Costa Mesa, CA 92627
Downtown Costa Mesa Neighborhood
2
Beds
1
Bath
917
Sq Ft
7,654
Sq Ft Lot
Highlights
- RV Access or Parking
- Ocean Side of Freeway
- Private Yard
- Newport Heights Elementary Rated A
- Main Floor Bedroom
- 5-minute walk to Heller Park
About This Home
As of November 2024Location, Location, Location! Attention all Developers, Investors, Contractors, and Homeowners looking for a remodel project or an opportunity to develop a brand new house on one of the best streets in Eastside Heights. Palmer Street is the very last street before Eastside Costa Mesa changes to Newport Beach. Just a short 1.5-mile walk or bike ride to the beach. This parcel has alley access from the rear, making it possible to use the entire front of the lot for the width of the home without a garage in front. There is currently an original 2 bedroom / 1 bathroom single-story home sitting on the lot. This 917 sf house can be reimagined and expanded if the new Owner would like to redesign the existing property. The lot is zoned as "R2MD" which allows 2 units to be built on the property. Depending on the configuration, there may also be the potential for an additional "ADU" unit. The dimensions of the lot are 60' wide x 127.57' deep... totaling 7,654 sf... one of the larger lots in the area. Right down the street from Newport Heights Elementary School and Newport Harbor High School. Whether you are looking for an original Eastside Costa Mesa home to renovate and remodel, or looking for a blank canvas to build your custom dream home… this is the one for you!
Last Agent to Sell the Property
LMB Enterprises Brokerage Phone: 714-655-8108 License #01363487 Listed on: 10/29/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,391
Year Built
- Built in 1953
Lot Details
- 7,654 Sq Ft Lot
- Property fronts an alley
- Northeast Facing Home
- Wood Fence
- Block Wall Fence
- Rectangular Lot
- Level Lot
- Private Yard
- Lawn
- Back and Front Yard
Parking
- 1 Car Attached Garage
- 2 Open Parking Spaces
- Parking Available
- Driveway
- RV Access or Parking
Home Design
- Cottage
- Fixer Upper
- Slab Foundation
- Shingle Roof
Interior Spaces
- 917 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room
- Dining Room
- Neighborhood Views
Kitchen
- Gas Range
- Tile Countertops
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
- Tile Bathroom Countertop
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- No Interior Steps
Outdoor Features
- Ocean Side of Freeway
- Covered patio or porch
- Exterior Lighting
Schools
- Newport Heights Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 516
- Assessor Parcel Number 42533115
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- Eastside Heights Subdivision
Recreation
- Park
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2024
Closed on
Nov 6, 2024
Sold by
Laurence And Vanessa Birnbaum Family Tru and Birnbaum Laurence M
Bought by
Jeannie Hidey Trust and Hidey
Seller's Agent
Larry Birnbaum
LMB Enterprises
Buyer's Agent
Nathan Javadi
Casa Real Estate
List Price
$1,945,000
Sold Price
$1,975,000
Premium/Discount to List
$30,000
1.54%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,602
Avg. Annual Appreciation
-4.85%
Purchase Details
Closed on
Jul 26, 2013
Sold by
Cole Dave and Cole Mary
Bought by
Cole David W and Cole Mary F
Purchase Details
Closed on
Feb 23, 2012
Sold by
Cole David W and Cole Mary F
Bought by
Cole Dave and Cole Mary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 30, 1997
Sold by
Cole David W and Cole Mary F
Bought by
Cole David W and Cole Mary F
Purchase Details
Closed on
Feb 2, 1994
Sold by
Gibson Ina Iona
Bought by
Gibson Ina Iona and Ina Iona Gibson Revocable Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,975,000 | First American Title | |
| Grant Deed | $1,975,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Irvine | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $230,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $1,975,000 | +1.5% | $2,154 / Sq Ft |
| 11/05/2024 11/05/24 | Pending | -- | -- | -- |
| 10/29/2024 10/29/24 | For Sale | $1,945,000 | -- | $2,121 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,391 | $321,056 | $268,219 | $52,837 |
| 2023 | $4,219 | $314,761 | $262,960 | $51,801 |
| 2022 | $4,039 | $308,590 | $257,804 | $50,786 |
| 2021 | $3,897 | $302,540 | $252,749 | $49,791 |
| 2020 | $3,846 | $299,438 | $250,157 | $49,281 |
| 2019 | $3,764 | $293,567 | $245,252 | $48,315 |
| 2018 | $3,689 | $287,811 | $240,443 | $47,368 |
| 2017 | $3,630 | $282,168 | $235,728 | $46,440 |
| 2016 | $3,557 | $276,636 | $231,106 | $45,530 |
| 2015 | $3,523 | $272,481 | $227,634 | $44,847 |
| 2014 | $3,446 | $440,961 | $400,921 | $40,040 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Larry Birnbaum
LMB Enterprises
(714) 655-8108
4 in this area
71 Total Sales
-
N
Buyer's Agent in 2024
Nathan Javadi
Casa Real Estate
(949) 370-9046
1 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24213071
APN: 425-331-15
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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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