Can 1920s Cottage Charm Bring a High Price in Current Costa Mesa Market?
Is 1920s cottage charm enough to command a high price per square foot in our current tough Orange County housing market? A home on Monte Vista Avenue in Eastside Costa Mesa will give us some answers.
228 Monte Vista Avenue is a 1927 Eastside Costa Mesa detached cottage with 3 bedrooms and 1314 SF. The listing had an asking price of $699,900 ($533/SF). No homeowner association fee was listed. The listing stated that it is within walking distance of the Newport Back Bay. If you click on the walking distance link, you will see that many services and amenities are nearby.
When I first saw the listing for this home, my thought was that, although I would not have made some of the decorating choices, it has some charm. I wasn’t sure that the charm would be able to get the $533 per square foot that the homeowners were asking.
However, on May 2, the listing changed from active status to accepting backup offers. I checked the listing today and apparently this home has sold; however, the final sales price is not yet available. We will have to wait for the sales price to show up in the public records (about 30 days) to see what the final selling price was. This Eastside home was on the market for about 30 days. It sold in September 2004 for $650,000 and in July 1996 for $180,000.
Update: 228 Monte Vista sold for $690,000 on May 29, 2009. SW 7-3-09
Here is what some nearby homes have sold for recently:
- sold for $639,500 ($480/SF)
- sold on April 30, 2009
- 1306 SF
- sold for $475,000 ($376/SF)
- sold on April 27, 2009
- 1264 SF
- sold for $612,900 ($451/SF)
- sold on March 03, 2009
- 1359 SF
If you want to compare this home with other homes currently on the market, here is a link to a map of available housing in this area.
Note: All pictures are of 277 Monte Vista, Eastside Costa Mesa.