
Rancho Mission Viejo, California 92694
This Turnkey Condominium is a Strong Value Opportunity, listed at $705,000—positioned well below the $757,898 Fair Market Value by 6%. This valuation gap offers $52,898 in Instant Equity for the buyer. Featuring a 2023 build date with an Excellent Condition Rating, this home includes owned solar, luxury vinyl flooring, and a modern quartz kitchen. Residents enjoy resort-style amenities in the prestigious Rancho Mission Viejo community. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a sophisticated, energy-efficient lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1300 Lasso 203 Subject 2 bd · 2 ba · 1,377 sqft · $550 | $705,000* List Price | 2 | 2 | 1,377 | $550 | - |
A 231 Equine Way Sold 2 bd · 3 ba · 1,490 sqft · $520 · 0.2 mi | $775,000 | 2 | 3 | 1,490 | $520 | 0.2 mi |
B 1200 Lasso Way 303 Sold 2 bd · 2 ba · 1,251 sqft · $551 · 0.0 mi | $689,000 | 2 | 2 | 1,251 | $551 | 0.0 mi |
C 1301 Lasso Way 205 Sold 2 bd · 2 ba · 1,089 sqft · $601 · 0.0 mi | $654,000 | 2 | 2 | 1,089 | $601 | 0.0 mi |
D 1500 Lasso Way 205 Sold 2 bd · 2 ba · 1,089 sqft · $606 · 0.1 mi | $660,000 | 2 | 2 | 1,089 | $606 | 0.1 mi |
E 1000 Lasso 303 Active 2 bd · 2 ba · 1,251 sqft · $547 · 0.0 mi | $684,900 List Price | 2 | 2 | 1,251 | $547 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and less than 10 years old. It features a modern kitchen with quartz countertops and stainless appliances, updated bathrooms, and high-end systems including owned solar and a tankless water heater.
The property features a rare 5.875% assumable mortgage rate and fully owned solar panels, providing significant monthly savings and a competitive edge in the current interest rate environment.
As the largest floor plan in the community, this 2023-built home offers a versatile den, luxury vinyl flooring, and a high-end kitchen with quartz countertops and soft-close cabinetry.
Residents gain access to Rancho Mission Viejo’s extensive resort-style facilities, including the 20,000-square-foot Lagoon Pool, fitness centers, pickleball courts, and scenic trails.
The unit only includes a one-car garage, which may be a constraint for multi-vehicle households or those requiring significant additional storage space.
Being located on the second floor may be a drawback for buyers seeking step-free access or the convenience of a ground-level entry and private yard.
Welcome to Portico at Rienda, one of Rancho Mission Viejo’s most desirable communities! **Featuring the largest and most extensively upgraded floor plan in the community, this exceptional residence offers a rare opportunity to assume an attractive mortgage rate of just 5.875%, along with fully OWNED solar for added monthly savings!** Situated on the second floor, this beautifully appointed single-level home features 2 spacious bedrooms, 2 full bathrooms, and a versatile den ideal for a home office, additional lounge, or flex space. The bright, open-concept layout brings together the kitchen, dining, and living areas, creating a welcoming space for everyday living and entertaining. Step outside onto your private balcony to enjoy the Southern California breeze. At the heart of the home, the beautifully designed kitchen showcases quartz countertops, a generous center island with stainless steel sink, soft-close cabinetry, stainless steel appliances, and a WiFi-enabled oven with gas range. The primary suite offers a peaceful retreat with a spacious walk-in closet, dual vanities, and a beautifully designed walk-in shower, while the secondary bedroom is thoughtfully positioned for added privacy. Throughout the home, **upgraded luxury vinyl flooring and numerous smart home features** enhance both style and everyday convenience. Additional highlights include a tankless water heater, full-size in-unit laundry, and an oversized direct-access one-car garage. Beyond your front door, discover the exceptional lifestyle Rancho Mission Viejo is known for, with access to multiple resort-style pools, the spectacular 20,000-square-foot Lagoon Pool, Boulder Pond, playgrounds, scenic trails, Ranch Camp, fitness facilities, gathering spaces, firepits, dog parks, pickleball and tennis courts, and the planned Rienda K-8 school. With extensive upgrades, energy-efficient features, exceptional community amenities, and the potential advantage of a 5.875% assumable mortgage rate (subject to lender approval and buyer qualification), this home presents an outstanding opportunity to experience the very best of Rancho Mission Viejo living!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,377 | 1,563.912 |
| Lot Size | 111,338 | 21,754 |
| Price | $705.0K | $978.2K |
| Price per sq ft | $512 | $626 |
| Built year | 2023 | 2020 |
| HOA | $246.0 | $356 |
| Days on market | 8 | 62 |
Oct 17, 2026
$705,000
Initial Listing
Nov 3, 2023
$681,500
Public Record