15 Via Hermosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Dual-Suite Condominium is a Strong Value Opportunity, listed at $585,000—positioned well below the $645,559 Fair Market Value by 9%. This valuation gap offers $60,559 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a private patio with Mountain Views, inside laundry, and a garage. Located in the Saddleback Valley Unified district, this property is an ideal acquisition for Owner-Occupants seeking lifestyle amenities or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Via Hermosa Subject | $585,000* List Price | 2 | 2 | 1,006 | $642 | - |
A 1 Via Garceta Sold | $725,000 | 2 | 2 | 1,010 | $718 | 0.4 mi |
B 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.4 mi |
C 2 Via Carino Sold | $570,000 | 2 | 2 | 939 | $607 | 0.0 mi |
D 47 Via Lavendera Sold | $695,000 | 2 | 2 | 1,010 | $688 | 0.3 mi |
E 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
F 7 Cetrino Sold | $610,000 | 2 | 2 | 1,102 | $554 | 0.5 mi |
G 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.0 mi |
H 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.4 mi |
I 20 Via Carino Active | $587,800 List Price | 2 | 2 | 939 | $626 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1987, the property appears well-maintained and move-in ready with evidence of mid-life updates. The bathroom features a newer dark wood vanity and updated fixtures (likely 5-15 years old), and the overall interior condition is functional and clean, meeting the criteria for a well-maintained older home with partial renovations.
The smart dual-master layout features two bedrooms each with their own attached full bath, providing excellent privacy and versatility for roommates, guests, or a home office.
Membership in SAMLARC provides access to the Beach Club, Lago Santa Margarita, multiple pools, and extensive trails, all within a top-rated school district.
As a light-filled end-unit, the home offers soaring ceilings, mountain views from a private patio, and the high-demand convenience of both inside laundry and a private garage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1006, other record living area = 939.
The association fee of $497 per month is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some buyers.
At 1,006 square feet, the living space is relatively modest for a two-bedroom residence, which may feel restrictive for those transitioning from larger single-family homes.
Light-filled end-unit condo with INSIDE LAUNDRY and a private ONE-CAR GARAGE! Located in one of Rancho Santa Margarita's most desirable neighborhoods, this home welcomes you with soaring ceilings and oversized windows that brighten the open living and dining area, anchored by a cozy fireplace. The kitchen offers ample cabinet space and a dedicated dining nook. The smart dual-suite floor plan gives each bedroom its own full bath — the primary suite features an en-suite bath, walk-in closet, and additional closet space, while the secondary suite offers its own attached bath, perfect for guests, family, or a home office. A private front patio with mountain views extends the living space outdoors, and the garage includes extra storage for everyday convenience. Beyond your front door, the lifestyle is what sets RSM apart: stroll to Lago Santa Margarita, the Beach Club, and Central Park, or enjoy the community pool and spa just steps away. SAMLARC membership unlocks multiple parks, sports courts, pools, and miles of hiking and biking trails — all served by award-winning Saddleback Valley Unified schools. Low-maintenance living in the heart of one of Orange County's most sought-after communities.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,006 | 1,093 |
| Lot Size | 38,995 | 26,135 |
| Price | $585.0K | $681.3K |
| Price per sq ft | $582 | $638 |
| Built year | 1987 | 1991 |
| HOA | $497.0 | $463 |
| Days on market | 15 | 51 |
Jul 7, 2026
$585,000
Initial Listing
Oct 13, 2022
$562,000
Public Record
Mar 31, 2016
$360,000
Public Record
Apr 29, 2005
$380,000
Public Record
Jun 10, 2003
$246,000
Public Record
Jul 20, 2001
$178,500
Public Record