
Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $624,999—positioned slightly above the $622,905 Fair Market Value. While priced at market, the property offers significant financial stability with a low tax rate and no Mello-Roos. Featuring a Condition Rating of 3, the home includes a renovated kitchen, central air, and private patios. Located in the Capistrano Unified School District near Tijeras Creek Elementary, this residence provides a seamless lifestyle for first-time buyers or owner-occupants seeking a move-in ready home in a prime Rancho Santa Margarita location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Baya Subject | $569,999* List Price | 2 | 2 | 1,047 | $544 | - |
A 34 Via Solaz Sold | $599,000 | 2 | 2 | 971 | $617 | 0.2 mi |
B 147 Via Contento Sold | $685,000 | 2 | 2 | 1,117 | $613 | 0.1 mi |
C 166 Via Contento Sold | $655,000 | 2 | 2 | 1,117 | $586 | 0.1 mi |
D 28 Via Alivio Sold | $565,000 | 2 | 2 | 971 | $582 | 0.1 mi |
E 98 Pasto Rico Sold | $599,000 | 2 | 2 | 1,032 | $580 | 0.3 mi |
F 107 Pomelo Sold | $730,000 | 2 | 3 | 1,133 | $644 | 0.1 mi |
G 207 Pasto Rico Sold | $643,000 | 2 | 3 | 1,091 | $589 | 0.3 mi |
H 151 Pasto Rico Sold | $685,000 | 2 | 3 | 1,091 | $628 | 0.3 mi |
I 138 Via Contento Active | $674,999 List Price | 2 | 2 | 1,117 | $604 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1990, the property features a renovated kitchen with granite countertops and stainless steel appliances, updated laminate wood-style flooring, and a newer central HVAC system. The interior is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
The property benefits from a low tax rate and no Mello-Roos, offering significant monthly savings and increased long-term value compared to many other developments in Orange County.
As a private lower-level end unit with direct interior access to an attached garage, this home provides a level of privacy and convenience typically found in single-family residences.
The condo is move-in ready with essential upgrades including central air conditioning, plantation wood shutters, and a newer dishwasher, ensuring immediate comfort for the new owner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50553, other record lot size in square feet = 1366.
The monthly HOA fee of $756 is relatively high for a two-bedroom condo, which may impact the debt-to-income ratio and overall affordability for some buyers.
The property is listed as having no specific view, which may be a disadvantage in a community known for its proximity to scenic hills and the Tijeras Creek Golf Course.
Discover this beautiful 2-bedroom, 2-bathroom lower-level condo located in the highly desirable city of Rancho Santa Margarita. Offering privacy, comfort, and convenience, this private end-unit home features two patios, an attached 1-car garage with direct interior access, and one dedicated carport space. Inside, you’ll find a bright and open floor plan with afternoon natural light, plantation wood shutters, elegant tile flooring, and laminate wood-style flooring. The inviting family room includes a cozy fireplace and flows seamlessly into the kitchen and dining area, making it ideal for everyday living and entertaining. Recent upgrades include dining area lighting and a newer dishwasher, central air conditioning. Both bedrooms are generously sized and offer large closets. The individual laundry room adds everyday practicality, while the spacious primary suite provides a true retreat with two closets and a primary bathroom featuring a large vanity and makeup area. There may also be potential to expand the bathroom layout with a freestanding tub, if desired. The community offers an association pool, perfect for warmer summer days. Enjoy an exceptional location just minutes from the toll road, shopping, dining, Tijeras Creek Golf Course, and top-rated schools. Additional benefits include a low tax rate and no Mello-Roos.
No exterior & parking available.
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,047 | 1,077.857 |
| Lot Size | 50,553 | 27,342.776 |
| Price | $570.0K | $691.6K |
| Price per sq ft | $544 | $631 |
| Built year | 1990 | 1990 |
| HOA | $756.0 | $466 |
| Days on market | 65 | 54 |
Sep 8, 2026
$569,999
$599,999
-5% Price Drop
Initial Listing
Aug 10, 2026
$599,999
$624,999
-4% Price Drop
Initial Listing
Jul 6, 2026
$624,999
Initial Listing
May 6, 1999
$134,000
Public Record
Feb 25, 1994
$105,500
Public Record