218 E 17Th St Costa Mesa, CA 92627

$--

-- Beds
-- Baths
4,878 Sq.Ft.

Off Market

Map preview of 218 E 17Th St, Costa Mesa, CA 92627

Property Overview: 218 E 17Th St Costa Mesa, CA has -- bedrooms, -- bathrooms, 4,878 living square feet and 18,581 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

218 E 17Th St 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 218 E 17Th St

View property's historical transactions

April, 2020
Apr 1, 2020

Date

Expired

CRMLS: LG19179743

$7,300,000

Price
Mar 31, 2020

Date

Withdrawn

CRMLS: LG19179743

$7,300,000

Price
Oct 9, 2019

Date

Active Under Contract

CRMLS: LG19179743

$7,300,000

Price
Jul 29, 2019

Date

Active

CRMLS: LG19179743

$7,300,000

Price
Listing provided courtesy of CRMLS

A rare opportunity to own a corner parcel on East 17th Street in Costa Mesa with a commanding street presence and impressive 34,000 vehicles in Average Daily Traffic. The offering includes fee title of two contiguous parcels, irregular in shape, totaling 0.67± Acres (29,185± Square Feet). A NNN Ground Lease is in place through 12/31/2044 with scheduled 20% increases in ground rent every 5 years. The next increase is January 2020, with income scheduled to adjust to $292,624. Prior to the following scheduled adjustment in 2025, there will be a market rate re-appraisal of rents, such that the annual rent payable by the Ground Tenant will be adjusted to equal 10% of the then fair market value of the land (subject to additional terms and conditions). The Ground Tenant has been a tenant since 1989, owns and operates an adjacent (lot tied) parcel, demonstrating commitment to the property. Zero landlord responsibilities. Parcels included in the sale are 425-391-03 and 425-391-04 (street addresses include 204-218 E. 17th).

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Tax History for 218 E 17Th St

Assessed Value (2020): $702,693

Year	Land Value	Improved Value	Assessed Value
2020	$477,831	$224,862	$702,693

About 218 E 17Th St

Detailed summary of property

218 E 17Th St is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Costa Mesa, CA 92627 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 4,878 living square feet, and sits on an approximately 18,581 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. Local nearby listings include 329 Ford, 337 Ford Rd and 427 Santa Ana Av. 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 218 E 17Th St 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 218 E 17Th St

Public county record property details

Beds: --
Baths: --
Year built: 1957
Sq. Ft.: 4,878
Lot Size: 18,581
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Orange
Lot#: 93
APN: 425-391-04

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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