$775,000
●
House -
Off Market
251 Mesa Drive #E
Costa Mesa, CA 92627
3 Beds
2 Baths,
1
Half Bath
1,600 Ft²
$1,306,020
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model
About This Property
Nestled in the highly sought after Eastside Costa Mesa community of
Mariner Cove, this immaculate detached home offers three bedrooms,
two and one half baths and an attached two car garage with built-in
storage cabinets. Custom features include travertine flooring down,
new stained hardwood floors up, new bedroom carpet and new paint
throughout. Spacious family room highlighted by vaulted ceiling,
oversized windows, gas fireplace and built-in speakers. Private
wraparound patio with travertine flooring, mature landscaping and
above ground hot tub. Highly upgraded kitchen featuring granite
counters and stainless steel appliance package. This lovely home is
move-in ready and an absolute must see.
Unit Size
1,600 Ft²
Days on Market
43 days
Land Size
0.03 acres
Price per sqft
$512
Property Type
House
Property Taxes
-
HOA Dues
$200
Year Built
-
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Cap Rate Calculator
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #NP17163037)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 29, 2017 | Sold | ||
| Sold | |||
| Jul 17, 2017 | Listed by Arbor Real Estate | $819,000 | |
| Listed by Arbor Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Stone Counters, Walk-In Closet(s), TwoStoryCeilings, AllBedroomsUp, PrimarySuite
Appliances: Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator
Flooring Type: See Remarks
Laundry Features: In Garage
Has Fireplace
Fireplace Features: Family Room, Gas
Exterior Details
Square Footage: 1600
Year Built Source: Assessor
Year Built: 1989
Levels: Two
Patio and Porch Features: Patio, Wrap Around
Pool Features: None
Lot Features: Landscaped
Lot Size Area: 1200
Lot Size Units: Square Feet
Lot Size Acres: 0.028
Lot Size Square Feet: 1200
Tax Lot: 5
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Maintenance Grounds
HOA Fee: $200
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/25/2020
|
3 Bed
|
2 Bath
|
1359 ft²
|
$790,000
3 Bed
2 Bath
1359 ft²
|
$810,000
+2.53%
03/30/2020
|
Ross Nelson
MARSHALL REDDICK REAL ESTATE
| |
|
07/29/2017
| |
3 Bed
|
2.5 Bath
|
1600 ft²
|
-
3 Bed
2.5 Bath
1600 ft²
|
-
-
|
-
|
|
07/17/2017
|
3 Bed
|
2 Bath
|
1600 ft²
|
$819,000
3 Bed
2 Bath
1600 ft²
|
$775,000
-5.37%
08/29/2017
|
Jon Dishon
Arbor Real Estate
|
Building Info
About Costa Mesa
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Listed by: Jon Dishon, Arbor Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17163037
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17163037
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