I feel like this post has been months in the writing. We have always shied away from diving deep into the discussion of pricing of properties we feature. I’ve always felt like that is really a discussion to have on an individual basis. And I guess we’re still holding true to the spirit of that. So really, this house is an example for the sake of discussion. I’m going to just write this out: $1.449M for 1290 square feet (the listing calls it 1300 “estimated” but the tax rolls have 1290, so I’m gonna go with that). That equates to a staggering $1123/square foot. And you still do not possess that elusive Newport Beach address. This is for a 2 bedroom home with a 1 car garage. Admittedly, it’s a very nicely-sized lot with almost 8,000 square feet.
And I don’t want anyone to think that I don’t like this house. It’s a wonderful house — superb in almost every way. I’ve got a couple of nits…the kitchen is definitely the let down. But the landscaping, exterior, and bathrooms in this home are spot-on. This home doesn’t just meet expectations, it exceeds them. But it’s houses like these that shed a lot of light on something we’ve seen lately: the migration inland. It started with something peculiar: a pronounced increase in the number of Range Rovers traversing the streets of North Tustin and Orange Hills. Then we noticed it at our open houses: a huge increase in potential buyers from the Costa Mesa area. This price points gets you a done home in North Tustin that is over twice the size, with twice the land. If you simply must go Coastal, this price gets you twice the house, with some view, in Capistrano Beach. Am I saying this because I don’t think this house (or houses in Eastside Costa Mesa, in general) are worth it? No. In fact, quite the contrary — if you want be centrally-located, coastal, and good schools — well, this is just about it.
And with a lot of talk, people have asked me about housing prices in CA. First off, I don’t have any magical inside secrets. I might have a little bit better access to economic data, and we’re still seeing how the tax changes will affect CA real estate. But I always like to remember fundamentals: We have household formation at a rate that is over double the rate of new housing being built. As long as that kind of a relationship exists (and I think it will for the next 5 years, at least) we’re at a point where we have some pretty strong forces supporting these price levels. I think my only point here, is that maybe it’s also time to consider some alternative neighborhoods.
Anyhow, I know this one is different…enjoy pictures of the nicest 1290 square foot house Eastside CM right now, and let me know what you think.
|Home size||1,300 sq ft|
|Lot Size||7,841 sqft|
|Days on Market||44|
If you are looking for a charming model-perfect home in Eastside Costa Mesa…look no further! This craftsman-style cottage is one of the best homes to come on the market in a very long time. This turn-key home lies on a large R2 lot and is ready to make your own now with 2 bedrooms + a den/playroom, and/or expand to 4 bedrooms with City approved plans. A lot of love has been put into this home with upgrades that include a complete exterior renovation with new hardscape and landscape, new exterior and interior paint, resurfaced original hardwood floors, dual pane windows, alarm system, NEST AC/Heat System and security cameras, mirrored closet doors with closet organizers, wood shutters with roller shades throughout, Italian marble countertops and the list goes on. The outside of the home has been transformed into an amazing entertaining area that acts as an extension of the main home with a large covered deck with a fireplace and pull-down television, built-in-bbq, water feature, and a covered cabana for outdoor California style dining. Topping off all the charm and great amenities of this home is its great location in Eastside Costa Mesa, just one block from Newport Beach and walking distance to all the wonderful restaurants, shops and schools; back-bay hiking trails and the beautiful beaches of Newport Beach. Welcome home to 348 E 16th Street.
Property Type(s): Single Family
|Last Updated||3/14/2018||Tract||Eastside South (ESCM)|
|Year Built||1957||Community||C5 - East Costa Mesa|
|School District||Newport Mesa Unified|
|Elementary School||Newport Heights|
|Jr. High School||Ensign|
|High School||Newport Harbor|
|Appliances||Dishwasher, Freezer, Garbage Disposal, Gas Oven, Gas Range, Gas Stove, Microwave, Refri|
|Exterior||Barbecue Private, Lighting|
|Garage||Built-In Storage, Driveway, Driveway - Concrete, Gara, Yes|
|Interior||Built-Ins, Ceiling Fan, High Ceilings (9 Feet+), Living Room Deck Attached, Open Floor Plan, Recessed Lighting, Stone Counters, Storage Space, Wired for Data, Wired for Sound|
|Lot Description||Back Yard, Landscaped, Lawn, Lot-Level/Flat, Park Nearby, Sprinkler System, Yard|
|Master on Main||Yes|
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Listing provided by : Janelle File, Surterre Properties Inc.