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116 Mira Mesa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath

116 Mira Mesa, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$849,500
116 Mira Mesa, Rancho Santa Margarita, California 92688
2Beds
3Baths
1,514Sqft
71,757Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Broad Buyer Appeal: The property is FHA and VA approved, significantly expanding the pool of eligible buyers and potentially facilitating a quicker sale.
Top Cons:
High Association Fees: The monthly association fee of $514.0 is substantial and could be a significant recurring cost for potential buyers, despite the extensive amenities offered.

Compared to the nearby listings

Price:$849.5K vs avg $875.0K ($-25,500)34%
Size:1,514 sqft vs avg 1,456 sqft59%
Price/sqft:$561 vs avg $59722%

More Insights

Built in 1992 (33 years old).
Condition: The property was built in 1992, making it 32 years old. While the description highlights its spaciousness and natural light, there is no mention of recent extensive renovations to key areas like the kitchen and bathrooms. The AI analysis also notes the 'potential for dated interior/systems.' Based on the build year and lack of renovation details, the kitchen and bathrooms are likely to feature styles and materials from the early 90s, such as original cabinetry, countertops, and fixtures, which would be functional but show signs of being outdated. The property is well-maintained but would benefit from cosmetic updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Year Built
1992
Close
-
List price
$850K
Original List price
$865K
Price/Sqft
$561
HOA
$514
Days on market
-
Sold On
-
MLS number
OC25081473
Home ConditionFair
Features
Patio
View-

About this home

FHA and VA APPROVED! Located in the Hills of Melinda Heights this home is beautiful and spacious. Two primary suites and 2.5 baths with a large yard, two car garage and a driveway. This home has tons of natural light and soaring ceilings. A third bedroom or loft can be easily added. The kitchen is open to both the breakfast area and the formal dining room and living room. There is an indoor laundry room and this house has tons of storage. The large living area has a beautiful fireplace and opens to your secret garden back yard perfect for relaxing after a long day or a family barbeque. At the top of the stairs you will find a perfect area for a desk or study area. The largest bedroom has his and her closets, dual sinks, large soaking tub and separate shower. The oversized two car garage has direct access to your new home. Award winning Melinda Heights elementary is just across the street. Community amenities include a pool, spa and jacuzzi. Residents also enjoy access to all of Samlarc's amenities including the beach club, tennis courts, and much more.

Nearby schools

8/10
Melinda Heights Elementary School
Public,•K-6•0.4mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•1.6mi
8/10
Trabuco Hills High School
Public,•9-12•2.3mi
Condition Rating
Fair
The property was built in 1992, making it 32 years old. While the description highlights its spaciousness and natural light, there is no mention of recent extensive renovations to key areas like the kitchen and bathrooms. The AI analysis also notes the 'potential for dated interior/systems.' Based on the build year and lack of renovation details, the kitchen and bathrooms are likely to feature styles and materials from the early 90s, such as original cabinetry, countertops, and fixtures, which would be functional but show signs of being outdated. The property is well-maintained but would benefit from cosmetic updates to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Broad Buyer Appeal: The property is FHA and VA approved, significantly expanding the pool of eligible buyers and potentially facilitating a quicker sale.
Prime Family-Friendly Location: Located in the desirable Hills of Melinda Heights, directly across from the award-winning Melinda Heights Elementary School, making it highly attractive to families.
Extensive Community Amenities: Residents benefit from a community pool, spa, jacuzzi, and full access to all SAMLARC amenities, including a beach club and tennis courts, offering a resort-like lifestyle.
Spacious & Flexible Interior Layout: Features two primary suites, soaring ceilings, abundant natural light, an indoor laundry room, ample storage, and the potential to easily add a third bedroom or loft, providing versatile living space.
Desirable Outdoor Space & Parking: Includes a large, private 'secret garden' backyard perfect for relaxation and entertaining, an oversized two-car garage with direct access, and a driveway for additional parking.

Cons

High Association Fees: The monthly association fee of $514.0 is substantial and could be a significant recurring cost for potential buyers, despite the extensive amenities offered.
Lack of Views: The property explicitly states 'view: None,' which can be a notable drawback, especially in a hilly area where scenic views are often a premium and highly sought after.
Potential for Dated Interior/Systems: Built in 1992, the property is over 30 years old. While described as beautiful, the absence of specific mentions of recent major renovations (e.g., kitchen, bathrooms, HVAC) suggests some elements might be original or require updating, potentially incurring future costs for a buyer.

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