$1,835,000
●
House -
Off Market
498 Abbie Way
Costa Mesa, CA 92627
4 Beds
3 Baths
3,025 Ft²
$2,916,879
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model
About This Property
Welcome home to the pinnacle of midcentury-modern coastal living in
a prime Eastside Costa Mesa neighborhood. Beautifully rebuilt in
2015 using the best materials & quality craftsmanship, this home
effortlessly melds today's leading design trends with the
contemporary comfort of beachside living. This single-level home
boasts 3100 sq ft complete with 4 bedrooms, 3 bathrooms & separate
guest house housing an additional 1bedroom, 1 bathroom.. The main
living area boasts a grand open floor plan & vaulted ceilings over
the formal living & dining room that seamlessly flow into the
kitchen. Fit for a chef, the kitchen is rich with natural stone
flooring & countertops, Thermador-Pro Appliances, ample wood
cabinetry storage, & exposed wine display. An entertainer's dream,
large panel doors in the kitchen open to a lush, private courtyard
with ample space, featuring a large built-in grill on an oversized
granite island bar, an outdoor fireplace, & serene privacy. The
equally sophisticated guest quarters offer one bedroom, loft,
living area, kitchen, full bathroom, private patio & an open living
concept consistent with the main home. The large lot also offers a
two car garage, RV parking & an additional carport. This home is
close to Mariner's Elementary School & is situated on one of the
most desired cul-de-sac streets in Eastside Costa Mesa, located
just a 5 minute walk to many restaurants, grocery stores, & more
Unit Size
3,025 Ft²
Days on Market
133 days
Land Size
0.19 acres
Price per sqft
$645
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014
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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: 4 months ago (CRMLS #OC18271907)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 26, 2019 | Sold | ||
| Sold | |||
| Nov 13, 2018 | Listed by Harcourts Prime Properties | $1,950,000 | |
| Listed by Harcourts Prime Properties | |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
| Jun 14, 2018 | Listed | $2,099,000 | |
| Listed | |||
| | |||
|
Welcome home to the pinnacle of midcentury-modern coastal living. Masterfully rebuilt in 2015 using the finest materials and quality craftsmanship, this home effortlessly melds today’s leading design trends with the contemporary comfort of beachside living. The main living area boasts a grand open floor plan and vaulted ceilings over the formal living and dining room that seamlessly flow into the kitchen. Fit for a chef, the kitchen is rich with natural stone flooring and countertops, Thermador-Pro Appliances, ample wood cabinetry storage, and exposed wine display. An entertainer's dream, large panel doors in the kitchen open to a lush, private courtyard with ample space, featuring a large built-in grill on an oversized granite island bar, an outdoor fireplace and an abundance of serene privacy. The equally sophisticated guest quarters offers one bedroom, loft, living area, kitchen, full bathroom, private patio and an open living concept consistent with the main home. The large lot also offers a three car garage, RV parking and an additional carport. 498 Abbie Way feeds into Mariner’s Elementary School and is situated on one of the most desired cul-de-sac streets in Eastside Costa Mesa, ideally located just a 5 minute walk to the many restaurants, grocery stores and boutiques that 17th street has to offer. The manager has listed the unit size as 3000 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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About Costa Mesa
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Listed by: Westley Williams, Harcourts Prime Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC18271907
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC18271907
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