149 Encantado, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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149 Encantado
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,743Sq Ft
50,672Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$1,070,508
6% BelowMARKET VALUE
SUMMARY
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $999,000—positioned well below the $1,070,508 Fair Market Value by 6%. This valuation gap provides $71,508 in Instant Equity for the buyer. Featuring a remodeled kitchen, stone-finish bathrooms, and a full-house repipe, the property maintains a Mint Condition Rating. Located in the Capistrano Unified School District near top-rated schools, this home is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a premium, move-in ready lifestyle.
Estimated Market Value
$1,070,508+$71,508 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 149 Encantado Subject | $999,000* List Price | 3 | 3 | 1,743 | $614 | - |
A 69 Fuente Sold | $1,015,000 | 3 | 3 | 1,678 | $605 | 0.6 mi |
B 160 Via Lampara Sold | $930,000 | 3 | 3 | 1,644 | $566 | 0.3 mi |
C 41 Pinzon Sold | $945,000 | 3 | 3 | 1,487 | $636 | 0.3 mi |
D 124 Via Lampara Sold | $900,000 | 3 | 3 | 1,644 | $547 | 0.2 mi |
E 16 Cuervo Sold | $965,000 | 2 | 3 | 1,408 | $685 | 0.3 mi |
F 147 Encantado Sold | $975,000 | 3 | 3 | 1,743 | $559 | - |
G 20 Pasto Rico Sold | $757,900 | 2 | 3 | 1,209 | $627 | 0.3 mi |
H 43 Calle Estero Sold | $969,000 | 3 | 3 | 1,307 | $741 | 0.4 mi |
I 28 Cascada Active | $975,000 List Price | 3 | 3 | 1,678 | $581 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1992, the property has undergone extensive recent renovations including a remodeled kitchen with new cabinetry and granite, updated bathrooms with stone finishes, and updated flooring. Major systems have been modernized with a full-house repipe and a tankless water heater, meeting the criteria for a mint-condition, recently renovated home.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Infrastructure Upgrades
The property features high-value functional improvements including a full-house repipe, tankless water heater, and a whole-house water purification system, providing long-term peace of mind for the buyer.
- Premium Interior & Layout
Boasting the largest floor plan in the community, the home includes a remodeled kitchen with granite countertops, updated stone-finish bathrooms, and vaulted ceilings that maximize natural light and space.
- Extensive Community Amenities
Residents benefit from the prestigious SAMLARC association, offering access to Lago Santa Margarita, the Beach Club, lagoon, and numerous pools and parks, enhancing the Southern California lifestyle.
CONSRISKS & DEFICIENCIES
- Lack of Scenic Views
The property record indicates no specific views, which may be a drawback for buyers seeking the panoramic vistas often found in the Rancho Santa Margarita area.
- High Monthly Carrying Costs
With an association fee of $430 per month on top of a nearly $1 million list price, the recurring monthly costs may be a concern for budget-conscious buyers.
About 149 Encantado
Welcome to this beautifully updated townhome in the highly desirable Belterraza community of Rancho Santa Margarita. Offering the largest floor plan in the community, this light and bright home features 3 bedrooms, 2.5 baths and a spacious, well-designed interior with separate living and dining areas, plus a comfortable family room adjoining the kitchen. The kitchen features granite countertops, stainless steel appliances and recently replaced cabinetry, creating a fresh and inviting space for everyday living and entertaining. All bathrooms have been tastefully remodeled with attractive stone finishes, while vaulted ceilings and a private balcony make the spacious primary suite a wonderful retreat. An abundance of natural light, updated flooring, custom baseboards and ceiling fans enhance the interior throughout. Significant improvements add both comfort and value, including a full-house repipe, tankless water heater, water purification system and whole-house fan. Lovely outdoors perfect for enjoying Southern California's year-round lifestyle. Attached garage features an epoxy-finished floor, built-in cabinetry and generous storage. Residents enjoy access to SAMLARC's extensive amenities, including Lago Santa Margarita, the Beach Club and Lagoon, pools, parks, trails and recreational opportunities throughout the community. Conveniently located near shopping, dining and everyday amenities, this beautifully maintained Belterraza home offers an exceptional combination of space, thoughtful upgrades and the relaxed Rancho Santa Margarita lifestyle.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1992
- Lot Size
- 50,672 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $430.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.4 mi
7/10
Arroyo Vista Middle School
Grades 6-8 • 0.4 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,743 | 1,455.6 |
| Lot Size | 50,672 | 25,497.667 |
| Price | $999.0K | $866.2K |
| Price per sq ft | $573 | $604 |
| Built year | 1992 | 1990 |
| HOA | $430.0 | $512 |
| Days on market | 24 | 63 |
Pricing History
Listed for Sale
Aug 16, 2026
$999,000
Initial Listing
Sold
Dec 16, 2015
$563,000
Public Record
Sold
Jun 10, 2013
$498,000
Public Record
Sold
Nov 16, 2012
$350,000
Public Record
Sold
Jul 18, 2002
$323,000
Public Record
Sold
Jul 17, 1997
$160,000
Public Record