139 Melrose Drive, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath
139 Melrose Drive
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 139 Melrose Drive, Mission Viejo, California 92692 reveals a Fairly Priced Property with a current list price of $1,295,000 aligned with the estimated $1,276,709 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 139 Melrose Drive Subject | $1,295,000* List Price | 3 | 3 | 1,754 | $728 | - |
A 25951 Majorca Way Sold | $1,350,000 | 3 | 3 | 1,729 | $781 | 0.4 mi |
B 26032 Ravenna Sold | $1,410,000 | 3 | 3 | 1,904 | $741 | 0.5 mi |
C 26562 Via Mondelo Sold | $1,354,000 | 4 | 3 | 2,089 | $648 | 1.0 mi |
D 25311 Misty Ridge Sold | $1,350,000 | 4 | 3 | 2,196 | $615 | 0.6 mi |
E 26035 Ravenna Sold | $1,300,000 | 4 | 3 | 2,089 | $622 | 0.4 mi |
F 27675 Bahamonde Sold | $1,420,000 | 3 | 3 | 1,913 | $742 | 0.4 mi |
G 27852 Vicenza Court Active | $1,575,000 List Price | 3 | 3 | 1,729 | $911 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1997, this property has undergone extensive and recent renovations, as evidenced by the description stating 'beautifully remodeled residence' with 'brand new luxury flooring, modern appliances, PEX re-piping, new HVAC system, electrical panel, and even a Tesla charging station.' The images confirm a virtually new and modern aesthetic throughout, particularly in the kitchen with its white shaker cabinets, granite countertops, modern stainless steel appliances, and recessed lighting. The primary bathroom features a new double vanity, modern mirrors, lighting, and a stylish glass-enclosed shower with subway tile and patterned floor. All major systems and visible components appear new or recently updated, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Privacy & Oversized Lot
The property boasts an extraordinary oversized, wraparound backyard with no homes behind, situated on a quiet cul-de-sac, offering unparalleled privacy and an idyllic outdoor sanctuary.
- Extensive Turnkey Upgrades
Recently upgraded with brand new luxury flooring, modern appliances, PEX re-piping, a new HVAC system, electrical panel, and a Tesla charging station, making it truly move-in ready.
- Gated Community & Resort-Style Amenities
Located within the secure, gated Melrose community, offering HOA-maintained front yard landscaping, gated security, and access to a resort-style pool and spa for a low monthly fee.
CONSRISKS & DEFICIENCIES
- Relatively Compact Interior Space
With 1754 sqft for a 3-4 bedroom layout, the interior living space might be considered relatively compact for some buyers, especially given the price point in the Mission Viejo market.
- Ongoing HOA Fees
While providing valuable amenities and services, the monthly HOA fee of $220 represents an additional recurring cost that adds to the overall housing expenses.
- Original Construction Year
Built in 1997, despite extensive modern upgrades, the underlying structure and general layout reflect its original construction era, which might not appeal to buyers exclusively seeking brand-new builds or ultra-modern open-concept designs.
About 139 Melrose Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 4,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $220.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Bathgate Elementary School
Grades K-5 • 0.8 mi
Philip J. Reilly Elementary/Special Education
Grades K-5 • 1.8 mi
Newhart Middle School
Grades 6-8 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,754 | 1,859 | 46% |
| Lot Size | 4,500 | 4,950 | 45% |
| Price | $1.29M | $1.23M | 54% |
| Price per sq ft | $738 | $645 | 77% |
| Built year | 1997 | 1983 | 92% |
| HOA | $220.0 | $248 | 46% |
| Days on market | 59 | 149 | 13% |
Pricing History
Listed for Sale
Jan 31, 2026
$1,295,000
$1,349,000
-4% Price Drop
Initial Listing
Price Change
Jan 7, 2026
$1,349,000
Initial Listing
Sold
Dec 23, 2022
$975,000
Public Record
Sold
May 26, 2020
$713,000
Public Record
Sold
Mar 28, 2017
$615,000
Public Record
Sold
Feb 7, 2005
$596,000
Public Record