1966 Wallace Ave Costa Mesa, CA 92627

$1,325,000 Sold Price as of 11/13/2017

3 Beds
2 Baths
1,368 Sq.Ft.

Off Market

$1,325,000 Sold Price as of 11/13/2017 Refinance Your Mortgage

Map preview of 1966 Wallace Ave, Costa Mesa, CA 92627

Property Overview: 1966 Wallace Ave Costa Mesa, CA has 3 bedrooms, 2 bathrooms, 1,368 living square feet and 18,347 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1966 Wallace Ave is currently an off market home in the city of Costa Mesa. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Costa Mesa has a median list price of $1,495,000. The median price per/sqft for Costa Mesa is $783. With those numbers in mind, if you are looking to purchase a median priced home in Costa Mesa, CA and put 20% down you will need to save up $299,000 for the down payment and will need roughly $29,900 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Costa Mesa the commission could be as much as $65,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1966 Wallace Ave

Last sold for $1,325,000 on November 13th, 2017

March, 2020
Mar 10, 2020

Date

Canceled

CRMLS: AR19115018

$1,985,000

Price
Feb 18, 2020

Date

Hold

CRMLS: AR19115018

$1,985,000

Price
Feb 13, 2020

Date

Price Change

CRMLS: AR19115018

$1,985,000

Price
Nov 10, 2019

Date

Price Change

CRMLS: AR19115018

$1,990,000

Price
Nov 6, 2019

Date

Price Change

CRMLS: AR19115018

$2,150,000

Price
Jun 25, 2019

Date

Price Change

CRMLS: AR19115018

$2,350,000

Price
May 16, 2019

Date

Active

CRMLS: AR19115018

$2,500,000

Price
Listing provided courtesy of CRMLS

***********CALLING ALL OFFERS************ INVESTORS, BUILDERS GET YOUR SHOVEL READY!!! VACANT LOT NOW!! FINAL MAP RECORDED AND EVERYTHING IS READY FOR YOU!! Ready to Issue 5-unit small lot subdivision project in the prime and blooming area of City of Costa Mesa. The entitled plan offers 5 modern 2 bed+den and 2.5 bath Single Family Homes averaging 1,750+ sq. ft of living space. An extraordinary project fulfill the vital needs of home buyers who are looking for the chic OC lifestyle. All project related document will be provided to buyers with potential offers.

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November, 2017
Nov 14, 2017

Date

Sold

CRMLS: NP17191184

$1,325,000

Price
Oct 10, 2017

Date

Active Under Contract

CRMLS: NP17191184

$1,375,000

Price
Sep 7, 2017

Date

Price Change

CRMLS: NP17191184

$1,375,000

Price
Aug 29, 2017

Date

Price Change

CRMLS: NP17191184

$1,495,000

Price
Aug 28, 2017

Date

Active

CRMLS: NP17191184

$1,500,000

Price
Aug 23, 2017

Date

Active Under Contract

CRMLS: NP17191184

$1,500,000

Price
Aug 17, 2017

Date

Active

CRMLS: NP17191184

$1,500,000

Price
Listing provided courtesy of CRMLS

HUGE OVER $100K PRICE REDUCTION!!! Unique and rare opportunity to acquire a four unit property including a free standing single family residence to generate income while processing plans for a new potential 6-unit condo or PUD development in Westside Costa Mesa. Huge 18,200 sq. ft. lot with a 2bd + 1ba free-standing single family residence, 2 - 1bd+1ba units and one 2bd+1ba unit. Lots of open space in back. Westside Costa Mesa is going through a huge transition with new trendy residential homes going up throughout. To find a fixer with such a large lot is rare. This is a very good long term investment. Property is a fixer, but could be renovated if you wished to land-bank or increase rents. Minutes to the beach and just around the corner from Hurley Headquarters. Cap Rate and scheduled incomes are pro forma. Current cap rate and incomes are 2.19% Gross:$59,460 Net:$32,876 DO NOT DISTURB TENANTS, DO NOT WALK PROPERTY PLEASE

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November, 2017
Nov 13, 2017

Date

Sold (Public Records)

Public Records

$1,325,000

Price
May, 2006
May 5, 2006

Date

Sold (Public Records)

Public Records

$1,160,000

Price

Tax History for 1966 Wallace Ave

Assessed Value (2020): $1,342,409

Year	Land Value	Improved Value	Assessed Value
2020	$1,261,864	$80,545	$1,342,409

About 1966 Wallace Ave

Detailed summary of property

1966 Wallace Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Costa Mesa, CA 92627 and last sold on November 13, 2017 for $1,325,000. This property has 3 bedrooms, 2 bathrooms, roughly 1,368 living square feet, and sits on an approximately 18,347 square foot lot. Homes in Costa Mesa are selling for a median price of $1,300,000 and a median price per square foot of $801. Based on Ardent Real Estate Group's Costa Mesa Market Data, this home is sold 1.92% higher than the current median priced home. 1966 Wallace Ave was last sold on November 13, 2017 for $1,325,000. Local nearby listings include 599 W Wilson St, 19 Latitude Ct #14 and 401 Bernard St #203. The average home in Costa Mesa, CA is selling in 42 days. There are currently 150 homes for sale in the Costa Mesa real estate market and 110 of them are single family homes while 23 of them are condos and 17 are townhomes. If you are the homeowner and looking to sell the home at 1966 Wallace Ave Costa Mesa, CA 92627 contact Ardent Real Estate Group and we will put you in touch with one of our Costa Mesa agents.

Public Facts for 1966 Wallace Ave

Public county record property details

Beds: 3
Baths: 2
Year built: 1952
Sq. Ft.: 1,368
Lot Size: 18,347
Stories: 1

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Orange
Lot#: 7
APN: 422-262-09

The source for these homes facts are from public records.

92627 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,399,000

Median List Price/Sq.Ft.

$825

Median Sold Price

$1,070,000

Median Sold Price/Sq.Ft.

$855

Total Inventory

Median Sale to List Price %

99.17%

Avg Days on Market

Loan Type

Conventional (66.67%), FHA (0%), VA (0%), Cash (5.56%), Other (22.22%)

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(714) 706-1823

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