12 Via Empanada, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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12 Via Empanada
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,503Sq Ft
0Lot Size
Property Price
LIST PRICE$1,074,900
EST. MARKET VALUE
$905,392
18% AboveMARKET VALUE
SUMMARY
This Single-Story Condominium represents a High-Potential Investment Opportunity, listed at $1,074,900—positioned well above the $905,392 Fair Market Value by -18%. While the price reflects a premium, the property features a Condition Rating of 4, highlighted by recent PEX repiping and new flooring. Residents benefit from Panoramic Golf Course Views and access to top-tier schools like Arroyo Vista Middle (9/10). This residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused home in a prime location.
Estimated Market Value
$905,392
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12 Via Empanada Subject | $1,074,900* List Price | 2 | 2 | 1,503 | $602 | - |
A 59 Fuente Sold | $1,000,000 | 3 | 3 | 1,777 | $563 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1992 (34 years old), the property falls into the >20 year category. While it features recent cosmetic updates like new vinyl flooring, new carpet, and a significant system upgrade with PEX repiping, the kitchen and bathrooms remain dated with original-style white tile countertops and older cabinetry that require modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Panoramic Golf Course Views
The property boasts exceptional, unobstructed views of the Tijeras Creek Golf Course from the living areas, primary suite, and private patio, significantly increasing its premium appeal.
- Desirable Single-Story Layout
As a single-level home with vaulted ceilings and an open floor plan, this residence offers excellent accessibility and a spacious, airy feel that is highly sought after in the Alicante tract.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $633 is relatively high, which may impact buyer affordability and increase the total monthly carrying costs compared to other area options.
- Limited Bedroom Configuration
With only two bedrooms—one of which is currently utilized as an office with built-ins—the property may lack the flexibility required for larger families or buyers needing multiple dedicated guest rooms.
About 12 Via Empanada
Enjoy panoramic views of Tijeras Creek Golf Course from this two bedroom single-story home in the Alicante tract of Rancho Santa Margarita! The living room features a vaulted ceiling, fireplace, vinyl flooring, and large windows that bring in natural light, while the formal dining room offers additional space for entertaining. The kitchen includes white cabinets, vinyl flooring, plantation shutters, solarium windows, and a breakfast nook. The primary suite overlooks the golf course and features a vaulted ceiling and new carpet. The ensuite bath includes a skylight, dual vanity, a soaking tub, a separate walk-in shower, and a walk-in closet. The secondary bedroom, currently used as an office, offers new carpet and built in desk with cabinets. The hallway features an interior laundry area with storage cabinets. Outside, the private patio overlooks Tijeras Creek Golf Course, offering a beautiful place to relax and enjoy the view! Additional highlights include PEX repiping and a two-car garage with a driveway. Residents enjoy access to the Alicante pool and spa, along with Rancho Santa Margarita's parks, pools, lake, tennis courts, trails, and community events.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1992
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $633.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.5 mi
7/10
Arroyo Vista Middle School
Grades 6-8 • 0.5 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,503 | 1,077.857 |
| Lot Size | - | 27,342.776 |
| Price | $1.07M | $691.6K |
| Price per sq ft | $715 | $631 |
| Built year | 1992 | 1990 |
| HOA | $633.0 | $466 |
| Days on market | 91 | 54 |
Pricing History
Listed for Sale
Jun 10, 2026
$1,074,900
Initial Listing