3050 Madison Avenue, Costa Mesa, California 92626, Costa Mesa, - bed, bath

home-pic
ACTIVE$1,590,000
3050 Madison Avenue, Costa Mesa, California 92626
5Beds
2Baths
2,274Sqft
6,900Lot
Year Built
1963
Close
-
List price
$1.59M
Original List price
$1.69M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25157108
Home ConditionPoor
Features
Patio
View-

About this home

Coastal Living in the Heart of Costa Mesa Welcome to 3050 Madison Avenue, a well-loved 5-bedroom, 2-bathroom home being offered for the first time by its original owner. Situated on a desirable corner lot in one of Costa Mesa’s most established neighborhoods, this 2274 sq. ft. residence (per County Assessor) offers comfort, space, and opportunity. Step inside and discover a flexible floor plan designed for everyday living. A spacious bonus room provides endless possibilities, whether you need a home office, playroom, or guest retreat. The property also features central air and heat, a generous driveway with plenty of parking, and a private backyard with low-maintenance landscaping, including artificial grass for year-round greenery. Families will appreciate the home’s location within the highly rated Newport Beach School District, with the local elementary school just a short walk away. Beyond the neighborhood, you’re minutes from world-class shopping at South Coast Plaza, a variety of acclaimed restaurants, and a quick drive to the beach for coastal breezes and sunsets. With its prime location, solid layout, and sought-after setting, this home is ready for your personal updates and modern touches. Don’t miss this rare chance to create the home you’ve always envisioned in one of Costa Mesa’s most desirable communities.

Nearby schools

7/10
Paularino Elementary School
Public,PK-60.1mi
8/10
Sonora Elementary School
Public,PK-60.5mi
9/10
Killybrooke Elementary School
Public,PK-60.8mi
9/10
Maude B. Davis Elementary School
Public,PK-60.9mi
5/10
Greenville Fundamental Elementary School
Public,K-51.2mi
3/10
Mcfadden Intermediate School
Public,6-81.9mi
6/10
Costa Mesa High School
Public,7-120.9mi
6/10
Segerstrom High School
Public,9-121.2mi

Price History

Date
Event
Price
09/27/25
Price Change
$1,590,000-5.9%
08/05/25
$1,690,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (125 Listings)
Beds54
80%
Baths22
50%
Square foot2,2741,959
72%
Lot Size6,9006,608
56%
Price$1.59M$1.61M
43%
Price per square foot$699$862.5
17%
Built year19639815982
50%
HOA
Days on market93141
27%
Condition Rating
Poor

Built in 1963, this property is over 60 years old. While the description mentions central air and heat, and some areas have newer laminate flooring, the kitchen and bathrooms are significantly outdated. The kitchen features very dated tile countertops, older appliances (double oven, cooktop, dishwasher), and worn linoleum/tile flooring, requiring a complete renovation. The bathroom exhibits a pink vanity, older fixtures, and dated tile, also necessitating a full overhaul. The property's overall aesthetic and key functional areas require substantial rehabilitation to meet modern standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Coastal Location: Situated on a desirable corner lot in an established Costa Mesa neighborhood, offering exceptional proximity to world-class shopping (South Coast Plaza), acclaimed dining, and a quick drive to the beach.
Highly-Rated School District: Zoned within the prestigious Newport Beach School District, with multiple highly-rated elementary schools, including one within walking distance (Paularino Elementary), appealing strongly to families.
Generous & Flexible Living Space: A substantial 2274 sq. ft. home featuring 5 bedrooms and a versatile bonus room, providing ample space and adaptability for various family configurations or dedicated work/leisure areas.
Modern Comforts & Practical Features: Equipped with central air and heat, a generous driveway with abundant parking, and a private, low-maintenance backyard featuring artificial grass for convenience.
Strong Foundation for Customization: Described as having a 'solid layout' and being 'ready for personal updates,' it presents a significant opportunity for buyers to customize and add value in a sought-after area.

Cons

Requires Significant Updates: Built in 1963 and explicitly stated as 'ready for your personal updates and modern touches,' indicating a need for substantial renovation to meet contemporary standards.
No Special Views: The property lacks any notable views, which can be a disadvantage in a desirable coastal California market where scenic views often command a premium.
Recent Price Reduction & Valuation Discrepancy: A recent price reduction from $1.69M to $1.59M, coupled with an estimated value slightly below the current list price, suggests potential market resistance or initial overpricing.

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