Seller's Agent in 2015
Christian Walsh
Berkshire Hathaway HomeServices California Properties
(949) 677-3466
6 in this area
87 Total Sales
623 Hamilton St Costa Mesa, CA 92627
Downtown Costa Mesa NeighborhoodEstimated Value: $1,287,000 - $2,028,061
8
Beds
4
Baths
825
Sq Ft
$2,047/Sq Ft
Est. Value
Highlights
- No HOA
- Bungalow
- Rectangular Lot
- Laundry Room
- 4 Car Garage
- Carpet
About This Home
As of April 2015623 Hamilton Street Costa Mesa is a spectacular fourplex investment opportunity. All 4 units are 2 bedroom/1 bath. Each residence has a 1 car garage plus ample additional off-street parking, washer/dryer hookups and private yard space. Very rare for Costa Mesa, the units are separately metered for water. With the tenants paying for water, expenses are lower for the owner. There are no rent control or affordable housing restrictions for these units.
This site is well-located less than a block from Rea Elementary School and offers easy access to main freeways. It’s close to all the fine dining, shopping and eclectic entertainment that Costa Mesa offers.
This site is also within the Mesa West Residential Ownership Urban Plan, which presents a potential redevelopment opportunity.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 03/06/2015
Co-Listed By
Chris Iseley
Watts Team Real Estate License #01910219
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 03/06/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,565
Year Built
- Built in 1959
Lot Details
- 0.27 Acre Lot
- 1 Common Wall
- Block Wall Fence
- Rectangular Lot
- Level Lot
Parking
- 4 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- Bungalow
- Property Attached
- Entry on the 1st floor
- Slab Foundation
- Composition Roof
Interior Spaces
- 825 Sq Ft Home
- 1-Story Property
- Carpet
- Gas Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Suburban Location
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, water
- Tax Lot 21
- Tax Tract Number 247
- Assessor Parcel Number 42213115
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $720
- Insurance Expense $1,200
- Trash Expense $1,064
- Water Sewer Expense $862
- New Taxes Expense $11,825
- Gross Income $5,670
- Net Operating Income $52,369
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2015
Closed on
Mar 17, 2015
Sold by
Bertolino Pierre Jacques and Bertolino Anne Marie
Bought by
Shillington Family Trust
Seller's Agent
Christian Walsh
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Christian Walsh
Berkshire Hathaway HomeServices California Properties
List Price
$1,075,000
Sold Price
$1,094,580
Premium/Discount to List
$19,580
1.82%
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
$593,935
Avg. Annual Appreciation
4.23%
Original Mortgage
$766,000
Outstanding Balance
$588,407
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$1,100,108
Purchase Details
Closed on
Jul 25, 2008
Sold by
Bertolino Pierre Jacques and Bertolino Anne Marie
Bought by
Bertolino Pierre Jacques and Bertolino Anne Marie
Purchase Details
Closed on
Aug 10, 1998
Sold by
Larkin Thomas B
Bought by
Bertolino Pierre Jacques and Bertolino Anne Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,300
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 4, 1998
Sold by
Larkin and Sampson
Bought by
Larkin Thomas B
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shillington Family Trust | $1,095,000 | Equity Title Company | |
| Bertolino Pierre Jacques | -- | None Available | |
| Bertolino Pierre Jacques | $299,000 | Fidelity National Title Ins | |
| Larkin Thomas B | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shillington Family Trust | $766,000 | |
| Previous Owner | Bertolino Pierre Jacques | $209,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2015 04/14/15 | Sold | $1,094,580 | +1.8% | $1,327 / Sq Ft |
| 03/16/2015 03/16/15 | Pending | -- | -- | -- |
| 03/06/2015 03/06/15 | For Sale | $1,075,000 | -- | $1,303 / 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 |
|---|---|---|---|---|
| 2025 | $16,565 | $1,315,515 | $1,166,213 | $149,302 |
| 2024 | $16,565 | $1,289,721 | $1,143,346 | $146,375 |
| 2023 | $15,993 | $1,264,433 | $1,120,928 | $143,505 |
| 2022 | $15,505 | $1,239,641 | $1,098,949 | $140,692 |
| 2021 | $15,015 | $1,215,335 | $1,077,401 | $137,934 |
| 2020 | $14,814 | $1,202,874 | $1,066,354 | $136,520 |
| 2019 | $14,485 | $1,179,289 | $1,045,445 | $133,844 |
| 2018 | $14,189 | $1,156,166 | $1,024,946 | $131,220 |
| 2017 | $13,962 | $1,133,497 | $1,004,849 | $128,648 |
| 2016 | $13,676 | $1,111,272 | $985,146 | $126,126 |
| 2015 | $6,111 | $390,017 | $240,152 | $149,865 |
| 2014 | -- | $382,378 | $235,448 | $146,930 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Walsh
-
C
Seller Co-Listing Agent in 2015
Chris Iseley
Watts Team Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15047755
APN: 422-131-15
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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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