Sweet Orange

Following are some home for sale in Costa Mesa’s Mesa Verde area. My intention is to follow these homes to see how home values hold up in this area. I will do this in two ways: I will report how the eventual selling price compares to the current list price, and I will report what some of the appraisal sites list as the home value.

1659 New Hampshire Drive, Mesa Verde, Costa Mesa

• What: 1971 single-family home with 3 bedrooms/2 baths
• Size: 1775 SF
• Fees/taxes: No HOA or Mello Roos
• Asking price: $639,000 ($360/SF)
• Listed in September 2009 for: $699,000

Appraisals for1569 New Hampshire Drive: Low/Medium/High

• Zillow: $417,350/$491,000/$520,460
• Eppraisal: $442,018/$520,022/$598,025
• Cyberhomes: $447,460 /$497,178/$571,754

1778 Iowa Street, Mesa Verde, Costa Mesa

• What: 1960 single-family home with 3 bedrooms/2 baths
• Size: 1571 SF
• Fees/taxes: No HOA or Mello Roos
• Asking price: $595,000 ($379/SF)
• Sold in January 2004 for: $550,000.

Appraisals for 1778 Iowa Street: Low/Medium/High

• Zillow: $419,475/$493,500/$537,915
• Eppraisal: $433,401/$509,884/$586,366
• Cyberhomes: $384,870/$427,634/$491,779