Eastside Costa Mesa Home Takes a Price Cut

Here is another venture into my quest to compare and contrast Irvine and Costa Mesa:

Earlier this week I wrote about a home in Irvine’s El Camino neighborhood that sold for about $22,000 more than the asking price. Following is a similar home in Costa Mesa’s Eastside that went the other way: It sold for approximately $22,000 under the most recent asking price. However, the Irvine home is smaller and sold for $358 per square foot, where as this Costa Mesa home sold for $302 per square foot. Both homes sold in October 2009. One more caveat: The HOA fee is approximately $100 more for the Costa Mesa home than it is for the similar Irvine home.

317 Alta Lane 92627 (Eastside Costa Mesa)

  • alta-lane-cm3 beds/2.25 baths
  • 1441 SF
  • Condo built in 1975
  • HOA: $284
  • Asking price: $457,500 ($339/SF)
  • Selling price: $435,000 ($302/SF)

Current estimates for this home:

  • Cyberhomes: $404,505
  • Eappraisal: $344,489
  • Zillow: $449,500