Check Availability

1988 Balearic Drive

1988 Balearic Drive, Costa Mesa, CA 92626
Property in Balearic Park
Sold Nov 09, 2020
$1,285,000
$765,500 by United American Mortgage Corp
Mortgage Due Dec 01, 2050
Sold Jun 11, 2020
$885,000
1988 Balearic Drive in Costa Mesa, CA was first built in 1964 and is 60 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1988 Balearic Drive has 1,722 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,100. In total, the area measurement of the land is 7,700 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 472 sqft. There are a total of 2 available parking spaces. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1988 Balearic Drive was last sold in Jul 17, 2020 for $1,285,000. According to our calculations, that's $746.23 per sqft. Prior to that sales transaction, the property was sold for $885,000 in Jun 1, 2020. Current property owners are expected to pay $14,933 in taxes per year. The property on 1988 Balearic Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,336,914. To break that down further, the land itself was valued at $1,216,533. While improvements to the property were assessed at a total of $120,381. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 472
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,700
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,722
  • Gross Building Area: 1,722
  • Building Area: 1,722
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,722
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 4348
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 4348 BLK LOT 57

Ownership

  • Current Owner : KNIGHT KENNETH
  • Current Owner 2: ADAMS CARLY
  • Previous Owner : SRG FINANCIAL INC
  • Owner Before Previous Owner: BURT BRADLEY ALLEN
  • Owner Before Previous Owner 2: THE BURT FAMILY REVOCABLE LIVI
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063806

Geography

  • Assessors Map Reference: 27-B4
  • Subdivision Tract Number: 4348
  • Parcel: 139-444-16
  • Lot: 57
  • Latitude: 33.6753
  • Longitude: -117.94

    Address

  • Full Address: 1988 Balearic Dr
  • Address - House Number: 1988
  • Address - Street Name: Balearic
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Costa Mesa
  • Carrier Code: C018
  • 4-Digit Zip Code: 3500
  • Zip Code: 92626

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,933
  • Tax Rate Code Area: 15-045

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 76
  • Final Value: 1,673,147
  • High Value: 1,974,786
  • Low Value: 1,371,507

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $765,500
  • First Open Lien Mortgage Lender: UNITED AMERICAN MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 09, 2020
  • First Open Lien Mortgage Loan Amount: $765,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,336,914
  • Assessed Land Value: $1,216,533
  • Assessed Improvements Value: $120,381

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Nov 09, 2020
  • Current Sale Transaction ID: 11798921407
  • Current Sale Price: $1,285,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000645035
  • Previous Sale Recording Date: Jun 11, 2020
  • Previous Sale Contract Date: Jun 01, 2020
  • Previous Sale Amount: $885,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED AMERICAN MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 09, 2020
  • First Mortgage Loan Amount: $765,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

About Costa Mesa



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 3105 Taft Way, Costa Mesa, CA, 92626

$5,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,290 ft²
3105 Taft Way, Costa Mesa, CA, 92626 Listing by Ryan Knapp
Unit for rent at 322 Ford Road, Costa Mesa, CA, 92627

$4,900 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,295 ft²
322 Ford Road #10, Costa Mesa, CA, 92627 Listing by Abel Sanchez

Frequently Asked Questions

What neighborhood is 1988 Balearic Drive located in?
The 1988 Balearic Drive is a located in the neighborhood of Balearic Park in Costa Mesa, Costa Mesa.
What is the average sales price for listings in 1988 Balearic Drive?
The average sales price for units in 1988 Balearic Drive is $0 currently.

Quantcast