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139 Melrose Drive, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath

139 Melrose Drive, Mission Viejo, California 92692 home-pic-0
ACTIVE$1,349,000$1,754/sqft
Est. Value: $1,248,995
-7%
AboveEstimate
139 Melrose Drive, Mission Viejo, California 92692
3Beds
3Baths
1,754Sqft
4,500Lot

Price Vs. Estimate

The estimated value ($1,248,994.615) is $100,005.385 (7%) lower than the list price ($1,349,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey Upgrades & Modern Systems: The property boasts extensive recent upgrades including brand new luxury flooring, modern appliances, PEX re-piping, a new HVAC system, updated electrical panel, and a Tesla charging station, ensuring a move-in ready experience.
Top Cons:
Modest Square Footage for Price: With 1754 square feet, the interior living space may be considered modest by some buyers given the 1.349M list price, especially if the flexible layout is used to create a fourth bedroom.

Compared to the nearby listings

Price:$1.35M vs avg $1.20M (+$149,000)60%
Size:1,754 sqft vs avg 1,803 sqft49%
Price/sqft:$769 vs avg $64186%

More Insights

Built in 1997 (29 years old).
Condition: The property, though built in 1997, has undergone extensive recent renovations, including brand new luxury flooring, modern kitchen appliances, PEX re-piping, a new HVAC system, and an updated electrical panel. The kitchen features white shaker cabinets, granite countertops, and stainless steel appliances, while the master bathroom boasts a fully modern renovation with new vanity, fixtures, and a glass-enclosed shower. All components appear new or virtually new, indicating an excellent, move-in ready condition.
Year Built
1997
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$769
HOA
$220
Days on market
-
Sold On
-
MLS number
NP26003706
Home ConditionExcellent
Features
View

About this home

Exceptional Privacy, Rare Lot, and Turnkey Upgrades in the gated Melrose Community! Welcome to one of the most coveted homes in the gated enclave of Melrose, nestled in Southwest Mission Viejo — where thoughtfully maintained surroundings, privacy, and comfort converge for effortless family living. Situated on an extraordinary oversized lot, this beautifully remodeled residence offers an expansive wraparound backyard rarely found in the neighborhood, with no homes behind, creating an idyllic backdrop of mature trees and sunshine throughout the day. Located on a quiet cul-de-sac, this home delivers the ideal blend of privacy and convenience, just moments from shopping, dining, parks, and top-rated schools. Zoned for award-winning Capistrano Unified schools, and offering access to the exclusive Mission Viejo Lake — with swimming, kayaking, concerts, and family-friendly activities — this property presents a lifestyle as vibrant as the home itself. Every detail has been upgraded with care: brand new luxury flooring, modern appliances, PEX re-piping, new HVAC system, electrical panel, and even a Tesla charging station. The stylishly redesigned backyard is perfect for hosting, play, or simply unwinding in your own outdoor sanctuary. Inside, the flexible layout allows for up to 4 bedrooms or a spacious office/media room, adapting seamlessly to your evolving needs. The Melrose community offers a picturesque setting with HOA-maintained front yard landscaping, gated security, and access to a resort-style pool and spa—all included for a low monthly fee. This is truly a move-in-ready opportunity for buyers seeking a peaceful, convenient, and upscale neighborhood.

A
Andrew Cotton
Listing Agent

Nearby schools

7/10
Bathgate Elementary School
Public,•K-5•0.8mi
8/10
Philip J. Reilly Elementary/Special Education
Public,•K-5•1.8mi
7/10
Newhart Middle School
Public,•6-8•0.6mi
8/10
Carl Hankey Middle School
Public,•6-8•1.5mi
7/10
Capistrano Valley High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
12/23/22
Sold
$975,000
05/26/20
Sold
$713,000
03/28/17
Sold
$615,000
02/07/05
Sold
$596,000
Condition Rating
Excellent
The property, though built in 1997, has undergone extensive recent renovations, including brand new luxury flooring, modern kitchen appliances, PEX re-piping, a new HVAC system, and an updated electrical panel. The kitchen features white shaker cabinets, granite countertops, and stainless steel appliances, while the master bathroom boasts a fully modern renovation with new vanity, fixtures, and a glass-enclosed shower. All components appear new or virtually new, indicating an excellent, move-in ready condition.
Pros & Cons

Pros

Turnkey Upgrades & Modern Systems: The property boasts extensive recent upgrades including brand new luxury flooring, modern appliances, PEX re-piping, a new HVAC system, updated electrical panel, and a Tesla charging station, ensuring a move-in ready experience.
Exceptional Privacy & Oversized Lot: Situated on a rare, oversized wraparound lot with no homes behind and located on a quiet cul-de-sac, this residence offers superior privacy and an expansive outdoor living space with mature trees.
Gated Community Amenities & Security: Located within the gated Melrose community, residents benefit from HOA-maintained front yard landscaping, enhanced security, and access to a resort-style pool and spa for a low monthly fee.
Premium Lifestyle & School Access: The home offers exclusive access to Mission Viejo Lake for recreational activities and is zoned for award-winning Capistrano Unified schools, providing a vibrant and family-friendly lifestyle.
Flexible Floor Plan: The interior features a flexible layout that can accommodate up to 4 bedrooms or be utilized as a spacious office/media room, adapting to diverse family needs.

Cons

Modest Square Footage for Price: With 1754 square feet, the interior living space may be considered modest by some buyers given the 1.349M list price, especially if the flexible layout is used to create a fourth bedroom.
Ongoing HOA Dues: While offering desirable amenities, the property is subject to recurring HOA dues ($220/month), which adds to the overall cost of homeownership.
Lack of Panoramic Views: Despite being in a desirable area, the description highlights views of 'mature trees and sunshine' in the backyard, but does not mention any panoramic city, ocean, or mountain views that are often sought after in this price range in Southern California.
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