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407 E Bay St
Score
0
Costa Mesa, CA

407 E Bay St

2.5M
4 bd • 2 ba • 2,440 sf

This analysis was generated on 2/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$2,541,000

Price/Sq.Ft

$1,041

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Curb appeal with well-maintained lawn and picket fence • Desirable location in Costa Mesa, CA • Strong rental market indicated by high 4-bedroom rental rates ($4032) • Continued seller's market may lead to sustained price appreciation • After accounting for ~$5,000 in repairs, this property could still have $104,000 in potential equity (requires significant renovation investment) • Rental Potential: $48,384 estimated annual revenue (after renovations)

The Bad

• Potential landscaping updates to enhance curb appeal further (Estimated Cost: $5,000) • High price per square foot ($1041.39) may limit future appreciation potential • Seller's market conditions could change, impacting property values

The Ugly

• The listing price of $2,541,000 is significantly higher than the recent median sold price of $1,365,000 in the area, which may indicate overpricing or the need for negotiation. • The property description and room details are missing, making it difficult to assess the true value and condition of the property.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $48,384 with 99% occupancy rate Value Investors: Projected 16.1% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $5,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$94,833

Property History

Price History
Ownership Timeline
$0Cash Purchase
Nov 10, 2018
Michael R Starkenburg, Patricia D StarkenburgMichael R Starkenburg, Patricia D Starkenburg
Intrafamily Transfer
Non-Arm's Length Transactions
$1,250,000Financed
Feb 10, 2006
Tyler Hesse, Lisa HesseMichael R Starkenburg, Patricia D Starkenburg
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Sep 13, 2005
Tyler Hesse, Lisa HesseTyler Hesse, Lisa Hesse
Intrafamily Transfer
Non-Arm's Length Transactions
$760,000Financed
Feb 10, 2005
Carole L MetcalfTyler Hesse, Lisa Hesse
Grant Deed
Standard Sale (Purchase/Resales)
$0Financed
Apr 4, 1995
Carole L MetcalfCarole L Metcalf
Intrafamily Transfer
Non-Arm's Length Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

5.2/10
Average

Middle

4.3/10
Average

High

4.3/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,939

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,541,000
Price/sqft
$1,041
Layout
4 bd•2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$3,474,167

26.9%

Your price is 26.9% below average

Median Price

$3,525,000

27.9%

Based on 6 recent sales

Price per Sq.Ft

$1,496

30.4%

Your price is 30.4% below average $/sqft

Comparable Properties

1919 Commodore Road, Newport Beach, CA 92660
Price: $3,695,000
Sq.Ft: 2,079
Beds/Baths: 4/2
$/Sq.Ft:
$1,77770.7%
Sale Date: 10/16/2024
1124 Estelle Lane, Newport Beach, CA 92660
Price: $4,050,000
Sq.Ft: 2,634
Beds/Baths: 3/3
$/Sq.Ft:
$1,53847.6%
Sale Date: 2/13/2025
1206 Mariners Drive, Newport Beach, CA 92660
Price: $3,525,000
Sq.Ft: 2,573
Beds/Baths: 5/3
$/Sq.Ft:
$1,37031.6%
Sale Date: 12/11/2024
461 Costa Mesa Street, Costa Mesa, CA 92627
Price: $3,200,000
Sq.Ft: 2,013
Beds/Baths: 3/3
$/Sq.Ft:
$1,59052.6%
Sale Date: 1/17/2025
226 Sherwood Place, Costa Mesa, CA 92627
Price: $3,100,000
Sq.Ft: 2,321
Beds/Baths: 4/3
$/Sq.Ft:
$1,33628.3%
Sale Date: 10/10/2024
460 Cabrillo Street, Costa Mesa, CA 92627
Price: $3,275,000
Sq.Ft: 2,400
Beds/Baths: 4/3
$/Sq.Ft:
$1,36531.0%
Sale Date: 9/27/2024

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