1566 Corsica Place, Costa Mesa, California 92626, Costa Mesa, 92626 - 3 bed, 2 bath
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Costa Mesa, California 92626
This Move-In Ready Single-Family Residence is a Strong Value Opportunity, listed at $1,440,000—positioned well below the $1,451,580 Fair Market Value by 0.8%. This valuation gap offers $11,580 in Instant Equity. Featuring a Condition Rating of 3, the home includes a 2019 HVAC system, brand-new carpet, and a granite kitchen. The expansive 7,639 sq. ft. lot provides significant potential for an ADU. This property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a stable, well-maintained asset in Mesa Verde.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1566 Corsica Place Subject | $1,440,000* List Price | 3 | 2 | 1,357 | $1,070 | - |
A 2912 Andros Sold | $1,515,000 | 3 | 2 | 1,505 | $1,007 | 0.4 mi |
B 3072 Tyler Sold | $1,318,675 | 3 | 2 | 1,308 | $1,008 | 1.0 mi |
C 3230 Washington Avenue Sold | $1,520,000 | 3 | 2 | 1,551 | $980 | 0.8 mi |
D 1616 Sandalwood Sold | $1,490,000 | 3 | 2 | 1,451 | $1,027 | 0.2 mi |
E 2913 Jacaranda Avenue Sold | $1,626,000 | 4 | 2 | 1,557 | $1,044 | 0.4 mi |
F 3074 Warren Active Under Contract | $1,389,000 List Price | 3 | 2 | 1,262 | $1,101 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1959, the property is well-maintained and move-in ready with significant updates. Key features include a 2019 HVAC system (5 years old), brand new carpet, scraped ceilings, and a refreshed kitchen with granite countertops and upgraded appliances. The renovation age and system updates fall within the 5-15 year 'Good' window.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7636, living area = 1357.
Situated in a highly sought-after Costa Mesa neighborhood on a quiet interior lot, the property offers exceptional proximity to premier parks, country clubs, and world-class shopping at South Coast Plaza.
The oversized 7,639-square-foot lot features a spacious side yard and backyard, providing ample room for future enhancements such as a swimming pool or an Accessory Dwelling Unit (ADU) subject to city approval.
At approximately 1,357 square feet, the home's interior living space is relatively modest for the $1.44M price point, which may be a constraint for buyers seeking larger communal areas or home offices.
While the local elementary schools are highly rated, the assigned middle and high schools carry lower ratings (4 and 5 respectively), which could impact appeal for education-focused families.
Fresh Price. Fresh Carpet. Fresh Opportunity. — This charming Traditional Ranch-style home is ideally located on a quiet interior lot in Costa Mesa’s highly sought-after Mesa Verde neighborhood. Situated at 1566 Corsica Place, this well-maintained single-story residence offers 3 bedrooms and 2 bathrooms across approximately 1,357 square feet on an expansive 7,639 square foot lot. Brand new carpet has just been installed, giving the home a clean, refreshed feel. The functional floor plan provides a seamless connection between the main living spaces and features wood-look plank tile flooring, recessed lighting, scraped ceilings, and a cozy fireplace. The kitchen is thoughtfully updated with granite countertops, painted cabinetry with updated hardware, and upgraded appliances. Additional improvements include an HVAC system installed in 2019. Positioned on an oversized, irregular lot near the end of a gentle curve, the property boasts a spacious side yard and a generous backyard complete with a covered patio, grassy area, mature landscaping, and vinyl fencing. The lot offers potential for future enhancements such as a pool or ADU, subject to city approval. Enjoy close proximity to a variety of parks and recreation, including Smallwood Park just a few homes away and Fairview Park with its extensive trail network and open space. Additional nearby amenities include Mesa Verde Country Club, Costa Mesa Country Club, Talbert Regional Park, and the Santa Ana River Trail. Convenient access to shopping, dining, South Coast Plaza, Segerstrom Center for the Arts, Orange Coast College, major freeways, John Wayne Airport . Some images are virtually staged or AI altered.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades PK-6 • 0.8 mi
Grades 7-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,357 | 1,802.5 | 15% |
| Lot Size | 7,636 | 6,682 | 77% |
| Price | $1.44M | $1.56M | 38% |
| Price per sq ft | $1.1K | $909 | 79% |
| Built year | 1959 | 1963 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 126 | 11% |
Jun 5, 2026
$1,440,000
$1,499,000
-4% Price Drop
Initial Listing
May 5, 2026
$1,499,000
Initial Listing
Jan 3, 2017
$690,000
Public Record