242 Palmer St
Costa Mesa, CA 92627
4 bd 2 ba 1,558 sqft Built 1955 Lot 6,504 sqft single_family
Most recent sale
$1,800,000
Oct 5, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 5, 2022 | Sold | $1,800,000 | MLS #NP22130204 |
| Jul 7, 2022 | Price changed | $1,850,000 | MLS #NP22130204 |
| Jun 16, 2022 | Listed | $1,975,000 | MLS #NP22130204 |
| May 31, 2022 | Sold | $1,650,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | $292,474 | $292,474 | $4,153 |
| 2024 | — | $292,474 | $292,474 | $8,191 |
| 2023 | $387,838 | $281,117 | $668,955 | $7,932 |
| 2022 | $47,729 | $33,544 | $81,273 | $16,670 |
| 2021 | $46,794 | $32,886 | $79,680 | $1,552 |
| 2020 | $46,315 | $32,548 | $78,863 | $1,524 |
| 2019 | $45,407 | $31,910 | $77,317 | $1,490 |
| 2018 | $44,517 | $31,284 | $75,801 | $1,461 |
| 2017 | $43,645 | $30,670 | $74,315 | $1,442 |
| 2016 | $42,790 | $30,068 | $72,858 | $1,418 |
| 2015 | $42,148 | $29,616 | $71,764 | $1,404 |
| 2014 | $41,323 | $29,036 | $70,359 | $1,304 |
| 2013 | $41,137 | $28,905 | $70,042 | $1,291 |
| 2012 | $40,331 | $28,338 | $68,669 | $1,252 |
| 2011 | $39,541 | $27,782 | $67,323 | $1,294 |
| 2010 | $39,246 | $27,574 | $66,820 | $1,193 |
| 2009 | $39,340 | $27,640 | $66,980 | $1,171 |
| 2008 | $38,569 | $27,098 | $65,667 | $1,130 |
| 2007 | $37,813 | $26,567 | $64,380 | $1,093 |
Property facts
Year built
1955
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
1,558 sqft
Lot size
6,504 sqft
ZIP code
92627
City
Costa Mesa
Street
Palmer St
Coordinates
33.62972, -117.92195
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$10,800
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 242 Palmer St last sell?
242 Palmer St most recently sold on Oct 5, 2022 for $1,800,000.
What is the current tax assessment for 242 Palmer St?
The most recent total assessment for 242 Palmer St (year 2025) is $292,474 with $4,153 in property tax.
How does 242 Palmer St's assessment compare to its last sale price?
The current assessment is 83.8% below the last sale price of $1,800,000.
When was 242 Palmer St built?
242 Palmer St was built in 1955.
How does 242 Palmer St compare to others on Palmer St?
We track 5 other properties on Palmer St. Browse the list under "Other properties on Palmer St" to compare beds, baths, and sale history.
What are the property facts for 242 Palmer St?
242 Palmer St is a 4 bed, 2 bath, 1,558 sqft, 6,504 sqft lot single_family.
Is 242 Palmer St a flip candidate?
No — 242 Palmer St does not appear in our flips dataset.
Is 242 Palmer St a tax-appeal candidate?
No — 242 Palmer St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.3%
2026 Q3
$1.93M
2026 Q4
$1.96M
ZIP 92627 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Palmer St