NOT LISTED FOR SALE

242 Palmer St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood

Estimated Value: $2,242,897 - $2,426,000

4 Beds
2 Baths
1,558 Sq Ft
$1,470/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $1,800,000 $1,155 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $12,887/month

28 Days on Market

Highlights

  • No HOA
  • Breakfast Area or Nook
  • Bathtub with Shower
  • Newport Heights Elementary Rated A
  • 2 Car Attached Garage
  • 3-minute walk to Heller Park

About This Home

As of October 2022

Build a custom California dream home, or restore this home to its original charming glory, the opportunity is now! Don't wait, this one won't last! Just a short distance to award winning schools including Newport Heights Elementary, Horace Ensign Intermediate, and Newport Harbor High School. This is a chance to live in quintessential Newport Heights neighborhood where neighbors socialize and kids play outdoors. Great centralized location, just minutes to the beach, Balboa Island, The famous "WEDGE" Surfing spot and "Fashion Island" and South Coast Plaza Mall and John Wayne Airport.

Last Agent to Sell the Property

Desi Wells

Desiree Wells License #01869669 Listed on: 06/16/2022

Last Buyer's Agent

Jessica Cordova

Compass License #02006588

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,192

Year Built

  • Built in 1955

Lot Details

  • 6,504 Sq Ft Lot
  • Front Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 1,558 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laminate Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • No Interior Steps
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 2787
  • Assessor Parcel Number 42533211

Community Details

Overview

  • No Home Owners Association
  • Newport Heights Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,192

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42533211
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1558.00 Square Feet
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1155.33
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Master Bedroom
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6504.00
  • Lot Size Acres: 0.1493

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6504.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 633.02
  • Tax Lot: 2
  • Tax Tract Number: 2787

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Sep 28, 2022
Sold by
Living Trust
Bought by
Sanguedolce John and Sanguedolce Eileen
Seller's Agent
Desi Wells
Desiree Wells
Buyer's Agent
Jessica Cordova
Compass
List Price
$1,975,000
Sold Price
$1,800,000
Premium/Discount to List
-$175,000
-8.86%
Views
4
Current Estimated Value
$2,290,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,474
Avg. Annual Appreciation
7.41%
Original Mortgage
$525,000
Outstanding Balance
$504,093
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$1,717,169

Purchase Details

Closed on
Dec 17, 2010
Sold by
Labbert Regina K and Labbert Schmid Regina K
Bought by
Labbert Regina K and Frank H & Regina K Labbert Family Trust

Purchase Details

Closed on
Jul 27, 2007
Sold by
Schmid Peter L
Bought by
Schmid Peter L and The Schmid Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sanguedolce John $1,800,000 Ticor Title
Labbert Regina K -- None Available
Labbert Regina K -- None Available
Schmid Peter L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanguedolce John $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2022 10/05/22 Sold $1,800,000 -2.7% $1,155 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
07/07/2022 07/07/22 Price Changed $1,850,000 -6.3% $1,187 / Sq Ft
06/16/2022 06/16/22 For Sale $1,975,000 -- $1,268 / 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 $8,192 $292,474 $292,474 --
2024 $8,192 $682,334 $286,740 $395,594
2023 $7,932 $668,955 $281,117 $387,838
2022 $16,670 $81,273 $33,544 $47,729
2021 $1,552 $79,680 $32,886 $46,794
2020 $1,524 $78,863 $32,548 $46,315
2019 $1,490 $77,317 $31,910 $45,407
2018 $1,461 $75,801 $31,284 $44,517
2017 $1,442 $74,315 $30,670 $43,645
2016 $1,418 $72,858 $30,068 $42,790
2015 $1,404 $71,764 $29,616 $42,148
2014 $1,304 $70,359 $29,036 $41,323
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Desi Wells

    Desiree Wells

    (949) 722-8104

    1 in this area

    2 Total Sales

    Desi Wells
    Section Image
  • Jessica Cordova

    Buyer's Agent in 2022

    Jessica Cordova

    Compass

    (858) 568-4997

    3 in this area

    27 Total Sales

    Jessica Cordova
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22130204

California Regional Multiple Listing Service (CRMLS)

APN: 425-332-11

California Orange County Costa Mesa 92627 Downtown Costa Mesa

242 Palmer St, Costa Mesa, CA

This home is located at 242 Palmer St, Costa Mesa, CA 92627 since 16 June 2022 and is currently estimated at $2,290,474, approximately $1,470 per square foot. This property was built in 1955. 242 Palmer St is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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