2 Carmesi, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium represents a Strong Value Opportunity, listed at $630,000—positioned well below the $663,368 Fair Market Value by 5%. This valuation gap offers $33,368 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes recent cosmetic updates, a private spa tub, and a scenic pool view. Located within the Saddleback Valley Unified district, it is an ideal choice for first-time buyers or owner-occupants seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Carmesi Subject | $630,000* List Price | 2 | 2 | 1,049 | $632 | - |
A 20 Carmesi Sold | $667,000 | 2 | 2 | 1,058 | $630 | 0.0 mi |
B 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.7 mi |
C 1 Via Garceta Sold | $725,000 | 2 | 2 | 1,010 | $718 | 0.7 mi |
D 7 Cetrino Sold | $610,000 | 2 | 2 | 1,102 | $554 | 0.1 mi |
E 130 Morning Glory Sold | $710,000 | 2 | 2 | 1,072 | $662 | 0.5 mi |
F 44 Via Cordoba Sold | $715,000 | 2 | 2 | 1,128 | $634 | 0.4 mi |
G 47 Via Lavendera Sold | $695,000 | 2 | 2 | 1,010 | $688 | 0.7 mi |
H 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.7 mi |
I 29 Violado Active | $599,000 List Price | 2 | 2 | 900 | $666 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989, the property is well-maintained and move-in ready following recent cosmetic updates including new paint and carpet. The kitchen features updated stone countertops and modern stainless steel appliances, and the bathrooms have been partially refreshed with newer vanities.
As an upper corner unit, this property offers enhanced privacy and superior natural light compared to interior units, making it one of the more desirable layouts in the community.
The home is move-in ready with fresh interior paint and new carpeting, allowing a buyer to occupy the space immediately without the need for initial renovation costs.
The property is situated within the highly-regarded Saddleback Valley Unified district, with close proximity to schools boasting strong ratings between 7 and 8.
The $452 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability and loan qualification for some buyers.
With only a one-car garage and a compact 1,049 square foot footprint, the property may feel restrictive for households with multiple vehicles or significant storage needs.
Welcome to this beautifully updated upper corner unit in the highly desirable community of Rancho Santa Margarita. Freshly enhanced with new paint and carpet, this home offers a bright, inviting feel with an ideal layout designed for both comfort and convenience. The spacious primary suite features a large en-suite bathroom complete with a relaxing spa tub and a generous walk-in closet, creating a private retreat within the home. A separate hallway bathroom provides added convenience for guests, while the laundry area is thoughtfully located on the main floor for everyday ease. Enjoy the benefits of an attached one-car garage along with abundant guest parking throughout the community. Residents have access to resort-style HOA amenities including a pool, spa, and playground areas. Ideally situated near highly rated schools, shopping, dining, and scenic hiking trails, this home also offers close proximity to O’Neill Regional Park for outdoor recreation and nature escapes. Combining location, lifestyle, and comfort, this is an exceptional opportunity to enjoy all that Rancho Santa Margarita has to offer.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,049 | 1,093 |
| Lot Size | - | 26,135 |
| Price | $630.0K | $681.3K |
| Price per sq ft | $601 | $638 |
| Built year | 1989 | 1991 |
| HOA | $452.0 | $463 |
| Days on market | 27 | 51 |
Jun 25, 2026
$630,000
Initial Listing
Mar 25, 2019
$435,000
Public Record
Jul 31, 2006
$427,500
Public Record
Aug 25, 2003
$304,000
Public Record
Jul 31, 2001
$200,000
Public Record