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873 Towne Street, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 3 bath

873 Towne Street, Costa Mesa, California 92627 home-pic-0
ACTIVE$1,598,000
873 Towne Street, Costa Mesa, California 92627
4Beds
3Baths
1,638Sqft
Lot

Price Vs. Estimate

The estimated value ($1,545,981.83) is $52,018.17 (3%) lower than the list price ($1,598,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Renovation: The property has been fully renovated and rebuilt from the studs up, featuring all-new systems (Central AC, tankless water heater, roof, dual-panel windows) and modern finishes including a gourmet kitchen with quartz countertops, updated bathrooms, and durable vinyl flooring.
Top Cons:
ADU Permit Fees for Buyer: The buyer is responsible for the city permit fees for the ADU, which represents an additional upfront cost and administrative burden beyond the purchase price.

Compared to the nearby listings

Price:$1.60M vs avg $1.75M ($-152,000)37%
Size:1,638 sqft vs avg 1,749 sqft39%
Price/sqft:$976 vs avg $1.0K49%

More Insights

Built in 1955 (70 years old).
Condition: Despite being built in 1955, this property has undergone a complete 'studs-up' renovation, making it essentially a new home. The description highlights 'all-new systems' including Central AC, tankless water heater, new roof, dual-panel windows, and durable vinyl flooring. The kitchen boasts sleek quartz waterfall countertops, modern white cabinetry, and new appliances, while the bathrooms feature contemporary designs, new tiling, and fixtures. All elements, from lighting to finishes, appear brand new and meet current quality standards, indicating no deferred maintenance.
Year Built
1955
Close
-
List price
$1.6M
Original List price
$1.69M
Price/Sqft
$976
HOA
-
Days on market
-
Sold On
-
MLS number
250038279SD
Home ConditionExcellent
Features
View-

About this home

** Seller Financing Available** Welcome to your dream home in the heart of Costa Mesa’s vibrant, nestled in the "City of the Arts"! A beautifully and fully renovated 4-bedroom, 2.5-bath residence offering 1,638 sqft of stylish living on a spacious 8,302 sqft lot. Ideally situated on the West side of Costa Mesa, offering the perfect blend of style, comfort, and coastal convenience. It’s just one block west of Newport Boulevard — a prime location for convenience and lifestyle. *Prime location •Enjoy quick access to the best Orange County has to offer. •Less than 5 minutes to Triangle Square and PCH Highway, home to premier restaurants, trendy bars, boutique shopping, and entertainment hotspots. •Under 10 minutes to the iconic Newport Beach Pier, perfect and ideal for weekend strolls, and beachside dining. * Move-In Ready & Fully Renovated: This home has been rebuilt from the studs up, offering the feel of a brand-new house with every modern upgrade: •Gourmet kitchen featuring sleek quartz waterfall countertops, ideal for hosting friends or preparing your favorite meals. •Bathrooms are fully updated with contemporary designs and fixtures for relaxation and luxury. *All-new systems: •Central AC, tankless water heater, new roof, durable vinyl flooring, all-new dual-panel windows, and fresh interior/exterior paint. •Epoxy-finished garage for a polished, clean look. Future-Ready with ADU Potential - A 1,200 sqft ADU is in the process of obtaining permits, offering endless possibilities for a guest house, or rental income— buyer pays the city permit fees.

Nearby schools

4/10
Whittier Elementary School
Public,•PK-6•0.3mi
4/10
Pomona Elementary School
Public,•PK-6•0.7mi
4/10
Everett A. Rea Elementary School
Public,•PK-6•0.9mi
6/10
Victoria Elementary School
Public,•PK-6•0.9mi
3/10
Wilson Elementary School
Public,•PK-6•1.1mi
/10
Woodland Elementary School
Public,•PK-2•1.8mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.9mi
4/10
College Park Elementary School
Public,•PK-6•1.9mi
7/10
Adams Elementary School
Public,•PK-6•2.3mi
8/10
Newport Heights Elementary School
Public,•K-6•2.4mi
9/10
Newport Elementary School
Public,•PK-6•2.5mi
7/10
John J Pershing Elementary School
Public,•PK-5•1219.4mi
10/10
Hyer Elementary School
Public,•PK-4•1220.2mi
6/10
Preston Hollow Elementary School
Public,•PK-5•1220.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.9mi
4/10
Charles W. Tewinkle Middle School
Public,•7-8•3.3mi
5/10
Benjamin Franklin Middle School
Public,•6-8•1220.8mi
8/10
Highland Park Middle School
Public,•7-8•1220.9mi
8/10
Mcculloch Intermediate School
Public,•5-6•1220.9mi
5/10
Estancia High School
Public,•9-12•1.3mi
7/10
Newport Harbor High School
Public,•9-12•1.7mi
6/10
Costa Mesa High School
Public,•7-12•2.6mi
9/10
Highland Park High School
Public,•9-12•1219.9mi
4/10
Hillcrest High School
Public,•9-12•1220.9mi
Condition Rating
Excellent
Despite being built in 1955, this property has undergone a complete 'studs-up' renovation, making it essentially a new home. The description highlights 'all-new systems' including Central AC, tankless water heater, new roof, dual-panel windows, and durable vinyl flooring. The kitchen boasts sleek quartz waterfall countertops, modern white cabinetry, and new appliances, while the bathrooms feature contemporary designs, new tiling, and fixtures. All elements, from lighting to finishes, appear brand new and meet current quality standards, indicating no deferred maintenance.
Pros & Cons

Pros

Extensive Renovation: The property has been fully renovated and rebuilt from the studs up, featuring all-new systems (Central AC, tankless water heater, roof, dual-panel windows) and modern finishes including a gourmet kitchen with quartz countertops, updated bathrooms, and durable vinyl flooring.
Prime Coastal Location: Ideally situated on the West side of Costa Mesa, just one block from Newport Boulevard, offering quick access to premier restaurants, trendy bars, boutique shopping, entertainment, and less than 10 minutes to the iconic Newport Beach Pier.
ADU Potential: Future-ready with a 1,200 sqft ADU in the process of obtaining permits, presenting significant potential for rental income, a guest house, or multi-generational living.
Spacious Lot Size: The property sits on a generous 8,302 sqft lot, providing ample outdoor space and accommodating the planned ADU development.
Seller Financing Available: Seller financing is available, which can offer a flexible and potentially advantageous purchasing option for certain buyers.

Cons

ADU Permit Fees for Buyer: The buyer is responsible for the city permit fees for the ADU, which represents an additional upfront cost and administrative burden beyond the purchase price.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price of $1.688M to the current $1.598M, which may suggest initial overpricing or market resistance at higher price points.
Mixed School Ratings: While some nearby schools are well-rated, several elementary and middle schools within a reasonable distance have lower ratings (e.g., Everett A. Rea Elementary rating 4, Charles W. Tewinkle Middle School rating 4), which could be a consideration for families prioritizing top-tier public education.

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