NOT LISTED FOR SALE

271 Walnut St Costa Mesa, CA 92627

Downtown Costa Mesa Neighborhood

Estimated Value: $2,317,000 - $2,723,000

3 Beds
3 Baths
1,973 Sq Ft
$1,252/Sq Ft Est. Value

Last Sold July 05, 2016

Last sale price $1,200,000 $608 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $14,190/month

98 Days on Market

Highlights

  • Primary Bedroom Suite
  • Cape Cod Architecture
  • Cathedral Ceiling
  • Heinz Kaiser Elementary School Rated A
  • Fireplace in Primary Bedroom
  • L-Shaped Dining Room

About This Home

As of July 2016

Resort setting on a beautiful, quiet Eastside location! This large remodeled 3bd, 3bth front home has additional 1 bd, 1 bth rear unit. Every surface has been replaced and upgraded from the distressed dark hardwood flooring to the Carrera marble countertops. The kitchen has been re-done with all new cabinets, all Viking appliances and marble counter tops. All three baths in the main house have all new fixtures, new cabinets and marble countertops. The master suite with a balcony, Jacuzzi tub, double-sided fireplace, large walk-in closet, and soaring ceiling.. The bath and kitchen in the studio have been re-done as well. The home features a cozy fireplace and has been re-painted inside and out. Are you looking for a Granny Unit or a rental? There is a completely rebuilt detached back studio unit as well. It is very hard to find a property in a great location that has been upgraded and rebuilt with a studio unit that could even compare to this home. A private front yard and large front porch makes home perfect for relaxing and entertaining.

Last Agent to Sell the Property

Adam Shandrow

Shandrow Group License #01863342 Listed on: 02/19/2016

Last Buyer's Agent

Larry Birnbaum

LMB Enterprises License #01363487

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 6,381 Sq Ft Lot
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 1,973 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Den
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Utilities

  • Central Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 632
  • Assessor Parcel Number 42628206

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Architectural Style: Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42628206
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1973.00
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Partial
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Ell
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 608.21
  • Room Type: Den, Living Room, Master Suite, Walk-In Closet

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6381.00
  • Price Per Lot Square Foot: 188.06
  • Lot Size Acres: 0.1460

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6381.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 632.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Jun 6, 2016
Sold by
1965 Orange Llc
Bought by
Thomas Michael Beckham
Seller's Agent
Adam Shandrow
Shandrow Group
Buyer's Agent
Larry Birnbaum
LMB Enterprises
List Price
$1,375,000
Sold Price
$1,200,000
Premium/Discount to List
-$175,000
-12.73%
Current Estimated Value
$2,469,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,269,667
Avg. Annual Appreciation
7.88%
Original Mortgage
$960,000
Outstanding Balance
$736,324
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,733,343

Purchase Details

Closed on
Feb 19, 2015
Sold by
Fps Llc
Bought by
1965 Orange Llc

Purchase Details

Closed on
Jul 16, 2014
Sold by
Brodersen Cheryl
Bought by
Brodersen Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2014
Sold by
Smith Michael C and Smith Kristyn A
Bought by
Fps Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2010
Sold by
Smith Michael C and Smith Kristyn A
Bought by
Smith Michael C and Smith Kristyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,911
Interest Rate
4.65%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2009
Sold by
Broderson Cheryl Lynn
Bought by
Broderson Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,362
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2009
Sold by
Huycke Britton David
Bought by
Smith Michael and Smith Kristyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,362
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 2006
Sold by
Huycke Chelsea Kay
Bought by
Huycke Britton David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$932,000
Interest Rate
7.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 23, 2006
Sold by
Taylor William P
Bought by
Huycke Britton David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$932,000
Interest Rate
7.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 30, 2005
Sold by
Taylor William P
Bought by
Taylor William P and William Philip Taylor Family Trust

Purchase Details

Closed on
Jan 11, 2005
Sold by
Taylor William P
Bought by
Taylor William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2001
Sold by
Schrock Michael Levi and Schrock Andrea
Bought by
Taylor William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
6.62%

Purchase Details

Closed on
May 21, 2001
Sold by
Schrock Michael Levi
Bought by
Schrock Michael Levi and Schrock Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.62%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Levi Schrock Michael and Levi Maurine E
Bought by
Schrock Michael Levi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,500
Interest Rate
6.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thomas Michael Beckham $1,200,000 Wfg National Title
1965 Orange Llc -- None Available
Brodersen Brian D -- Lawyers Title Company
Fps Llc $1,275,000 Lawyers Title Company
Smith Michael C -- Western Resources Title
Broderson Brian D -- Chicago Title Company
Smith Michael $700,000 Chicago Title Company
Huycke Britton David -- California Title Company
Huycke Britton David $1,165,000 California Title Company
Taylor William P -- --
Taylor William P -- Ticor Title
Taylor William P $655,000 Stewart Title
Taylor William P -- Stewart Title
Schrock Michael Levi -- Chicago Title Co
Schrock Michael Levi -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Michael Beckham $960,000
Previous Owner Fps Llc $850,000
Previous Owner Smith Michael C $611,911
Previous Owner Smith Michael $544,362
Previous Owner Huycke Britton David $932,000
Previous Owner Taylor William P $580,000
Previous Owner Taylor William P $524,000
Previous Owner Schrock Michael Levi $450,000
Previous Owner Schrock Michael Levi $304,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2016 07/05/16 Sold $1,200,000 -4.0% $608 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
05/09/2016 05/09/16 Price Changed $1,250,000 -3.8% $634 / Sq Ft
03/11/2016 03/11/16 Price Changed $1,300,000 -5.5% $659 / Sq Ft
02/19/2016 02/19/16 For Sale $1,375,000 -- $697 / 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 $15,306 $1,392,699 $1,206,185 $186,514
2024 $15,306 $1,365,392 $1,182,535 $182,857
2023 $14,879 $1,338,620 $1,159,348 $179,272
2022 $14,522 $1,312,373 $1,136,616 $175,757
2021 $14,177 $1,286,641 $1,114,330 $172,311
2020 $14,027 $1,273,449 $1,102,904 $170,545
2019 $13,729 $1,248,480 $1,081,279 $167,201
2018 $13,453 $1,224,000 $1,060,077 $163,923
2017 $13,220 $1,200,000 $1,039,291 $160,709
2016 $14,240 $1,294,443 $1,125,424 $169,019
2015 $14,106 $1,275,000 $1,108,519 $166,481
2014 $8,387 $737,093 $554,963 $182,130
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Adam Shandrow

    Shandrow Group

    Section Image
  • Larry Birnbaum

    Buyer's Agent in 2016

    Larry Birnbaum

    LMB Enterprises

    (714) 655-8108

    3 in this area

    67 Total Sales

    Larry Birnbaum
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16035305

California Regional Multiple Listing Service (CRMLS)

APN: 426-282-06

California Orange County Costa Mesa 92627 Downtown Costa Mesa

271 Walnut St, Costa Mesa, CA

Not Listed for Sale

Detached

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