18 Via Felicia, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath

18 Via Felicia, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE UNDER CONTRACT$875,000
18 Via Felicia, Rancho Santa Margarita, California 92688
2Beds
2Baths
1,211Sqft
4,000Lot

Price Vs. Estimate

The estimated value ($749,424) is $125,576 (14%) lower than the list price ($875,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Community Amenities: The property is ideally located just minutes from schools, shopping, and entertainment, and benefits from community amenities including a sparkling pool, spa, BBQ area, and hiking trails.
Top Cons:
Requires Extensive Updates & TLC: Having been a rental property for several years, the home needs significant tender loving care, including fresh paint and new flooring, to restore its full potential.

Compared to the nearby listings

Price:$875.0K vs avg $1.23M ($-350,000)1%
Size:1,211 sqft vs avg 1,977 sqft3%
Price/sqft:$723 vs avg $63788%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this property is 38 years old and explicitly described as needing 'extensive updates' and 'new flooring' after being a rental for several years. The kitchen, as seen in the images, is severely outdated with old black appliances, dated white cabinets, dark countertops, and an old fluorescent light fixture, requiring a full renovation. While the description mentions 'great bones,' the overall condition of the interior finishes and systems necessitates substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' category.
Year Built
1986
Close
-
List price
$875K
Original List price
$890K
Price/Sqft
$723
HOA
$87
Days on market
-
Sold On
-
MLS number
PW25116275
Home ConditionPoor
Features
View-

About this home

This charming single story home is ready for a fresh vision. Bring your hammer and nails—while it needs some TLC, it has great bones and a spacious layout, offering an excellent opportunity to customize and modernize to your taste. The home features high ceilings, a fireplace, a dishwasher, and mirrored closet doors, with the master bedroom providing direct access to the backyard. Outside, a spacious covered backyard invites endless possibilities, whether for gardening, play, or entertaining. An attached two car garage offers plenty of storage and parking. The community amenities include a sparkling pool, spa, BBQ area, and hiking trails. Ideally located just minutes from schools, shopping, and entertainment. Having been a rental property for several years, the unit presents an excellent opportunity for updates, including fresh paint and new flooring, to restore its full potential. It is being sold in its current "as-is" condition.

Condition Rating
Poor

Built in 1986, this property is 38 years old and explicitly described as needing 'extensive updates' and 'new flooring' after being a rental for several years. The kitchen, as seen in the images, is severely outdated with old black appliances, dated white cabinets, dark countertops, and an old fluorescent light fixture, requiring a full renovation. While the description mentions 'great bones,' the overall condition of the interior finishes and systems necessitates substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' category.
Pros & Cons

Pros

Prime Location & Community Amenities: The property is ideally located just minutes from schools, shopping, and entertainment, and benefits from community amenities including a sparkling pool, spa, BBQ area, and hiking trails.
Single-Story Layout & Strong Foundation: This charming single-story home features 'great bones' and a spacious layout, providing an excellent foundation for customization and modernization.
Desirable Interior Features: The home includes high ceilings, a fireplace, a dishwasher, mirrored closet doors, and a master bedroom with direct access to the backyard.
Spacious & Versatile Backyard: A generous covered backyard offers endless possibilities for gardening, recreation, or entertaining.
Attached Two-Car Garage: The property includes an attached two-car garage, providing ample storage and convenient parking.

Cons

Requires Extensive Updates & TLC: Having been a rental property for several years, the home needs significant tender loving care, including fresh paint and new flooring, to restore its full potential.
Sold in 'As-Is' Condition: The property is being sold in its current 'as-is' condition, implying that the buyer will be responsible for all necessary repairs and upgrades.
Lack of Scenic Views: The property does not offer any notable scenic views, which may be a consideration for some prospective buyers.

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