NOT LISTED FOR SALE

2878 Velasco Ln Costa Mesa, CA 92626

Estimated Value: $1,359,000 - $1,603,975

4 Beds
2 Baths
1,735 Sq Ft
$860/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,099,000 $633 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,005/month

Highlights

  • Private Pool
  • Updated Kitchen
  • Main Floor Bedroom
  • Costa Mesa High School Rated A-
  • Wood Flooring
  • Quartz Countertops

About This Home

As of March 2023

Truly exceptional in Costa Mesa's Mesa Del Mar! This home features a traditional 4 bedroom floor plan, with updated kitchen and baths. This classic interior comes equipped with an open floor plan through living area and kitchen. The bedrooms are well-proportioned rooms; all bedrooms are first-floor bedroom and the fourth bedroom presents the perfect opportunity for a home gym or home office. A foodie's dream, this beautifully appointed recently updated kitchen contains stainless-steel appliances and engineered stone countertops. The professionally landscaped backyard features patio dining space, in-ground pool, beautifully manicured lawn and large grassy area in the front, all behind a traditional white picket fence. The Mesa Del Mar neighborhood has become highly sought-after for it's family friendly vibe and is sasily accessible to restaurants, great shopping, local shops, lively entertainment district, department stores, specialty stores and a farmers market. Literally everything you need access to is not far from home. See for yourself what this home has to offer. Schedule your showing before it’s gone!

Last Agent to Sell the Property

Colin Delaney

Gatehouse Properties License #01391590 Listed on: 01/31/2023

Last Buyer's Agent

John Leffler

Gatehouse Properties License #01327613

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,732

Year Built

  • Built in 1963

Lot Details

  • 7,663 Sq Ft Lot
  • Wood Fence
  • Fence is in average condition
  • Lawn

Parking

  • 2 Car Attached Garage

Home Design

  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,735 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • Double Pane Windows
  • Family Room with Fireplace
  • Family Room Off Kitchen

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Pool

  • Private Pool

Schools

  • Costa Mesa High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 85
  • Tax Tract Number 4260
  • Assessor Parcel Number 14154221
  • $791 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mesa Del Mar Park Series Subdivision

Recreation

  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,732

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Mesa del Mar - Park Series (MDMB)
  • View: No
  • Architectural Style: Ranch
  • Property Condition: Termite Clearance, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14154221
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1735.00 Square Feet
  • Interior Amenities: Quartz Counters, Tray Ceiling(s), Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 633.43
  • Room Type: Family Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Double Sinks In Bath(s)
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Average Condition, Wood
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified
  • High School: Costa Mesa
  • High School: Costa Mesa
  • High School2: COSMES

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 6500-9999
  • Lot Size Sq Ft: 7663.00
  • Lot Size Acres: 0.1759

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7663.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 639.04
  • Tax Lot: 85
  • Tax Tract Number: 4260
  • TaxOtherAnnualAssessmentAmount: 791.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Feb 2, 2023
Sold by
Gtm Properties Llc
Bought by
Perry Simon and Perry Ashley
Seller's Agent
Colin Delaney
Gatehouse Properties
Buyer's Agent
John Leffler
Gatehouse Properties
List Price
$1,099,000
Sold Price
$1,099,000
Views
3
Current Estimated Value
$1,492,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,494
Avg. Annual Appreciation
12.49%
Original Mortgage
$87,900
Outstanding Balance
$85,142
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$1,407,352

Purchase Details

Closed on
Jun 10, 2013
Sold by
Davis Karen Lyn
Bought by
Gtmt Properties Llc

Purchase Details

Closed on
Mar 14, 2011
Sold by
Mtglq Investors L P
Bought by
Davis Karen Lyn

Purchase Details

Closed on
Oct 1, 2010
Sold by
Mckendry Kelli
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Aug 14, 2007
Sold by
Mckendry Ronni
Bought by
Mckendry Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Mckendry Linda Marie
Bought by
Mckendry Linda and Mckendry Ronni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 10, 2000
Sold by
Kenneth Pickering and Kenneth Maria
Bought by
Mckendry Linda Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.08%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 23, 1996
Sold by
Jimenez Manuel and Jimenez Karen
Bought by
Pickering Kenneth and Pickering Maria

Purchase Details

Closed on
Mar 10, 1994
Sold by
Kiester William C and Kiester Rita M
Bought by
Pickering Kenneth and Pickering Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,150
Interest Rate
6.5%
Source: Public Records

Range of Values:

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Average Value
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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
Perry Simon $1,099,000 Chicago Title
Gtmt Properties Llc -- None Available
Davis Karen Lyn $484,500 Lsi Title Company Ca
Mtglq Investors Lp $435,000 Accommodation
Mckendry Kelli -- Alliance Title
Mckendry Linda -- Fidelity National Title Comp
Mckendry Linda Marie $300,000 Chicago Title Co
Mckendry Linda Marie -- Chicago Title Co
Pickering Kenneth -- California Counties Title Co
Pickering Kenneth $219,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Simon $87,900
Previous Owner Mckendry Kelli $475,000
Previous Owner Mckendry Linda $300,000
Previous Owner Mckendry Linda Marie $250,000
Previous Owner Pickering Kenneth $203,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2023 03/01/23 Sold $1,099,000 0.0% $633 / Sq Ft
01/31/2023 01/31/23 For Sale $1,099,000 -- $633 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
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 $12,732 $1,143,399 $1,009,989 $133,410
2024 $12,732 $1,120,980 $990,185 $130,795
2023 $7,170 $596,416 $473,836 $122,580
2022 $6,941 $584,722 $464,545 $120,177
2021 $6,744 $573,257 $455,436 $117,821
2020 $6,665 $567,379 $450,766 $116,613
2019 $6,524 $556,254 $441,927 $114,327
2018 $6,394 $545,348 $433,262 $112,086
2017 $6,287 $534,655 $424,766 $109,889
2016 $6,154 $524,172 $416,437 $107,735
2015 $6,095 $516,299 $410,182 $106,117
2014 $5,958 $506,186 $402,147 $104,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23014261

California Regional Multiple Listing Service (CRMLS)

APN: 141-542-21