2972 Teakwood Place, Costa Mesa, California 92626, Costa Mesa, 92626 - 3 bed, 2 bath
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2972 Teakwood Place
Costa Mesa, California 92626
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,732Sq Ft
7,326Lot Size
Property Price
LIST PRICE$1,699,000
EST. MARKET VALUE
$1,754,587
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,699,000—positioned well below the $1,754,587 Fair Market Value by 3%. This valuation gap offers $55,587 in Instant Equity for the buyer. Featuring a remodeled gourmet kitchen, fully-paid solar, and an Excellent Condition Rating, this residence offers a turnkey lifestyle. Located on a private cul-de-sac in Mesa Verde, it is the perfect fit for discerning professionals or owner-occupants seeking a polished, sustainable sanctuary.
Estimated Market Value
$1,754,587+$55,587 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2972 Teakwood Place Subject | $1,699,000* List Price | 3 | 2 | 1,732 | $1,013 | - |
A 1713 Oahu Place Sold | $2,200,000 | 4 | 3 | 1,768 | $1,244 | 0.4 mi |
B 3217 Montana Sold | $1,703,000 | 3 | 2 | 1,571 | $1,084 | 0.8 mi |
C 2912 Andros Sold | $1,515,000 | 3 | 2 | 1,505 | $1,007 | 0.2 mi |
D 3040 Killybrooke Sold | $1,805,000 | 3 | 3 | 1,650 | $1,094 | 0.5 mi |
E 1608 Elm Sold | $1,780,000 | 4 | 2 | 1,647 | $1,081 | 0.3 mi |
F 1616 Sandalwood Sold | $1,490,000 | 3 | 2 | 1,451 | $1,027 | 0.0 mi |
G 3076 Samoa Place Sold | $1,874,000 | 4 | 2 | 1,610 | $1,164 | 0.3 mi |
H 3030 Samoa Sold | $1,595,000 | 4 | 3 | 2,080 | $767 | 0.3 mi |
I 1582 Ponderosa Street Active | $1,749,990 List Price | 3 | 2 | 1,600 | $1,094 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1959, the property has undergone a high-end, comprehensive remodel within the last 5 years. The kitchen is mint with premium stone counters, white cabinetry, and stainless appliances. The home features modern wood flooring, updated recessed lighting, and significant system upgrades including fully-paid solar panels, making it move-in ready with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7326, living area = 1732.
- Prime Cul-de-Sac Location
Situated at the end of a quiet, coveted cul-de-sac in the heart of Mesa Verde, offering exceptional privacy and minimal traffic for a serene living environment.
- Modern Gourmet Kitchen
Features a stunningly remodeled kitchen with a massive center island, premium stone countertops, and stainless appliances, designed for both functionality and social gatherings.
CONSRISKS & DEFICIENCIES
- Average Secondary School Ratings
While elementary schools are strong, the assigned middle and high schools carry lower ratings (4/10 and 5/10), which may impact appeal for families prioritizing top-tier education.
- Lack of Scenic Views
The property lacks any significant views, which could be a disadvantage compared to other high-end listings in the Costa Mesa area that offer city or park vistas.
About 2972 Teakwood Place
Experience ultimate privacy at the end of a quiet, coveted cul-de-sac in the heart of Mesa Verde. This single-level residence offers a seamless blend of sophisticated style and relaxed living. Step through the entry and discover a light-filled living room featuring warm wood floors, elegant crown molding, and wainscoting—the perfect space for hosting. The heart of the home is a stunningly remodeled kitchen, flowing effortlessly into the family room. Anchored by a massive center island with seating for five, the kitchen features crisp white cabinetry, premium stone counters, and stainless appliances. French doors invite you out to an expansive, covered patio—lit for evenings and designed for year-round gatherings. The private backyard is an oasis boasting mature fruit and citrus trees, a grapevine, a fire bowl, and a dedicated BBQ pad. With the primary bedroom offering direct yard access and the benefit of fully-paid solar, this home is as practical as it is beautiful. Enjoy quick access to Mesa Verde Country Club, Fairview Park, South Coast Plaza, and the sand.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 7,326 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Adams Elementary School
Grades PK-6 • 0.6 mi
7/10
California Elementary School
Grades K-6 • 0.7 mi
8/10
Charles W. Tewinkle Middle School
Grades 7-8 • 0.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,732 | 1,773.938 |
| Lot Size | 7,326 | 6,573.577 |
| Price | $1.70M | $1.69M |
| Price per sq ft | $981 | $976 |
| Built year | 1959 | 1961 |
| HOA | $0 | $342 |
| Days on market | 13 | 51 |
Pricing History
Listed for Sale
Aug 27, 2026
$1,699,000
Initial Listing
Sold
Oct 3, 2022
$1,118,000
Public Record
Sold
Feb 28, 2017
$770,000
Public Record
Sold
Sep 8, 2000
$304,000
Public Record