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3098 Mace Avenue

3098 Mace Avenue, Costa Mesa, CA 92626
Sold Aug 13, 2020
$1,800,000
$980,000 by Acg Funding Inc
Mortgage Due Sep 01, 2050
Sold Jan 31, 2003
$667,500
$534,000 by Washington Mutual Bank Fa
Mortgage Due Feb 01, 2033
Local assessors in Costa Mesa, CA have categorized 3098 Mace Avenue as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 8,760 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 730 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3098 Mace Avenue has a total of 4,968 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 920 sqft. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3098 Mace Avenue sold most recently in Jul 7, 2020 for a total of $1,800,000. If you work out the math, that's approximately a cost of $362.32 per sqft. Before that, the property was also sold for $667,500 in Jan 27, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $21,226 in taxes each year. 3098 Mace Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,872,720. If we break it down further, the land itself was valued at $1,664,640. Improvements to the property, however, were assessed at a total of $208,080. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 920
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,760
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 730
  • Total Building Area: 4,968
  • Gross Building Area: 4,968
  • Building Area: 4,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 4,968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 6260
  • Land Acres: 0.201
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: N TR 6260 BLK LOT 4

Ownership

  • Current Owner : SHANG RONALD
  • Current Owner 2: SHANG PHOEBE
  • Previous Owner : STANDARD LEE B
  • Owner Before Previous Owner: SNYDER JUDITH J
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Geography

  • Assessors Map Reference: 27-C3
  • Subdivision Tract Number: 6260
  • Parcel: 139-551-09
  • Lot: 4
  • Latitude: 33.6826
  • Longitude: -117.921

    Address

  • Full Address: 3098 Mace Ave
  • Address - House Number: 3098
  • Address - Street Name: Mace
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Costa Mesa
  • Carrier Code: C022
  • 4-Digit Zip Code: 2546
  • Zip Code: 92626

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,226
  • Tax Rate Code Area: 15-045

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 1,708,376
  • High Value: 2,344,180
  • Low Value: 1,072,571

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $980,000
  • First Open Lien Mortgage Lender: ACG FUNDING INC
  • First Open Lien Mortgage Recording Date: Aug 13, 2020
  • First Open Lien Mortgage Loan Amount: $980,000
  • 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: Sep 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,872,720
  • Assessed Land Value: $1,664,640
  • Assessed Improvements Value: $208,080

    Sales

  • Current Sale Contract Date: Jul 07, 2020
  • Current Sale Recording Date: Aug 13, 2020
  • Current Sale Transaction ID: 11781244416
  • Current Sale Price: $1,800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000408575
  • Previous Sale Recording Date: Jan 31, 2003
  • Previous Sale Contract Date: Jan 27, 2003
  • Previous Sale Amount: $667,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACG FUNDING INC
  • First Mortgage Transaction Date: Aug 13, 2020
  • First Mortgage Loan Amount: $980,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Jan 31, 2003
  • Previous Mortgage Loan Amount: $534,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2033

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Frequently Asked Questions

What neighborhood is 3098 Mace Avenue located in?
The 3098 Mace Avenue is a located in the neighborhood of The Spice Streets in Costa Mesa, Costa Mesa.
What is the average sales price for listings in 3098 Mace Avenue?
The average sales price for units in 3098 Mace Avenue is $0 currently.

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