20 Via Carino, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Condominium Asset is a Strong Value Opportunity, listed at $587,800—positioned well below the $589,118 Fair Market Value by 0.22%. This valuation gap offers $1,318 in Instant Equity. Featuring a Fair Condition Rating (4), the unit offers a spacious private front patio and an open-concept layout, providing a foundation for cosmetic modernization. Located in the Saddleback Valley Unified district near top-rated schools, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20 Via Carino Subject | $587,800* List Price | 2 | 2 | 939 | $626 | - |
A 2 Via Carino Sold | $570,000 | 2 | 2 | 939 | $607 | 0.0 mi |
B 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.0 mi |
C 27 Via Lavendera Sold | $660,000 | 2 | 2 | 1,025 | $644 | 0.4 mi |
D 1 Via Garceta Sold | $725,000 | 2 | 2 | 1,010 | $718 | 0.4 mi |
E 51 Lobelia Sold | $700,000 | 2 | 2 | 974 | $719 | 0.7 mi |
F 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.2 mi |
G 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
H 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.4 mi |
I 7 Via Hermosa Active | $499,000 List Price | 1 | 1 | 882 | $566 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, the property is nearly 40 years old and retains many original features. While the flooring has been updated to wood-look laminate, the kitchen cabinetry, popcorn ceilings, and bathroom fixtures are dated (15-30+ years) and require modernization. The listing description specifically notes the opportunity to 'customize,' indicating it is functional but needs cosmetic updates.
As a ground-floor corner unit, this property offers superior accessibility and enhanced privacy with fewer shared walls compared to standard interior units.
The rare, spacious private front patio provides a significant extension of the living space, offering a unique outdoor amenity that is highly coveted in condominium living.
Situated in a desirable community with close proximity to RSM Lake, hiking trails, and top-rated schools, the location ensures strong long-term desirability and convenience.
With 52 days on market and multiple price reductions, the property has struggled to gain traction, suggesting a potential disconnect between the condition and the initial asking price.
The listing's emphasis on 'customization' and 'making it your own' indicates that the 1986 interior may require significant cosmetic updates to meet contemporary buyer expectations.
Seller offering a 2-1 buydown!! Motivated seller, bring your best offer! Welcome to this 2 bed, 2 bath ground-floor corner unit in the desirable Mission Courts community in RSM. This condo features a rare, spacious private front patio, perfect for enjoying Southern California’s year-round sunshine and outdoor living. Inside, you’ll find an open-concept layout filled with natural light and wood flooring throughout for easy maintenance. The kitchen flows seamlessly into the living and dining areas, offering flexibility to design the space to your style. This property offers dual primary suites, spacious closets for ample storage, and the in-unit washer and dryer provide everyday convenience. Ideally located near shopping, dining, and entertainment, with easy access to the 241 and nearby freeways for commuting. Enjoy all the amenities Rancho Santa Margarita has to offer, including parks, hiking and biking trails, and the RSM Lake. Great opportunity to customize and make this home your own in one of Orange County’s most sought-after communities.
No exterior & parking available.
Grades K-6 • 0.3 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 | 939 | 1,093 |
| Lot Size | 34,242 | 26,135 |
| Price | $587.8K | $681.3K |
| Price per sq ft | $626 | $638 |
| Built year | 1986 | 1991 |
| HOA | $487.0 | $463 |
| Days on market | 97 | 51 |
May 4, 2026
$587,800
$607,000
-3% Price Drop
Initial Listing
May 1, 2026
$607,000
$619,000
-2% Price Drop
Initial Listing
Apr 16, 2026
$619,000
Initial Listing
Aug 23, 2004
$339,000
Public Record