
Mission Viejo, California 92692
This Condominium is a Strong Value Opportunity, listed at $599,000—positioned well below the $600,666 Fair Market Value by 0.28%. This valuation gap offers $1,666 in Instant Equity. Featuring a brand-new HVAC system, hardwood floors, and a private balcony, the property maintains a Condition Rating of 3. With access to Lake Mission Viejo and proximity to Trabuco Hills High School, it balances lifestyle appeal with financial stability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 133 California Court Subject | $599,000* List Price | 2 | 2 | 843 | $713 | - |
A 165 California Court Sold | $630,000 | 2 | 2 | 843 | $747 | 0.1 mi |
B 194 California Court Sold | $635,000 | 2 | 2 | 900 | $706 | 0.1 mi |
C 205 Niebla Lane Sold | $630,000 | 1 | 2 | 893 | $705 | 0.2 mi |
D 21897 Southgate Sold | $735,000 | 2 | 2 | 1,010 | $728 | 0.9 mi |
E 201 California Court Active Under Contract | $499,900 List Price | 1 | 1 | 872 | $573 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1993 (33 years old), the property is well-maintained and move-in ready with significant updates including a brand new HVAC system, stainless steel appliances, and hardwood flooring. While the kitchen cabinetry and bathrooms are dated, the overall condition exceeds the 'Fair' or 'Poor' categories due to the lack of needed repairs and recent system replacement.
The property features a brand-new HVAC system, providing immediate value and peace of mind regarding long-term maintenance and energy efficiency.
Residents benefit from Lake Mission Viejo privileges and a community pool and spa, significantly enhancing the lifestyle appeal and recreational value of the home.
Vaulted ceilings, hardwood floors, and a desirable corner location with a private balcony create a bright, open, and private atmosphere that maximizes the living space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =61502, other record lot size in square feet = 73085.
At 843 square feet, the interior living space is relatively compact for a two-bedroom unit, which may be a constraint for buyers requiring more room or storage.
The association fee of $549 per month is a substantial recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
BRAND NEW HVAC SYSTEM! Whether you’re looking to get your foot in the door of real estate ownership or you’re a seasoned investor searching for a great addition to your portfolio, this Mission Viejo residence checks a lot of boxes. Located just minutes from Lake Mission Viejo, this well-maintained two-bedroom, two-bath home sits in a desirable corner location and welcomes you with a spacious private balcony. Inside, you’ll find hardwood floors throughout, vaulted ceilings, a cozy fireplace, stainless steel appliances, a designated dining area, and a spacious living room. The primary suite features vaulted ceilings, a large walk-in closet, and a private bath. A one-car garage provides additional storage and is also where you’ll find the washer and dryer. The community offers a swimming pool and spa, along with Lake Mission Viejo privileges for even more ways to enjoy the Southern California lifestyle. Conveniently located near shopping, restaurants, entertainment, and recreation, this is a fantastic opportunity to own in Mission Viejo and start—or continue—building your real estate portfolio.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades 7-8 • 4.4 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 843 | 1,248.725 |
| Lot Size | 61,502 | 90,361.45 |
| Price | $599.0K | $756.3K |
| Price per sq ft | $711 | $612 |
| Built year | 1993 | 1984 |
| HOA | $549.0 | $504 |
| Days on market | 18 | 55 |
Aug 22, 2026
$599,000
Initial Listing
Mar 12, 2015
$355,000
Public Record
Dec 9, 2014
$320,000
Public Record
Feb 14, 2007
$395,000
Public Record
May 10, 2002
$210,000
Public Record
Sep 28, 2000
$175,000
Public Record
Sep 10, 1998
$133,000
Public Record
Aug 12, 1994
$120,000
Public Record