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 Ground-Floor Corner Condominium functions as a strategic Value-Add Asset in the Mission Courts community, listed at $619,000. Positioned relative to a $533,483 Fair Market Value, the property offers a rare private front patio and increased natural light. Holding a Condition Rating of 5, the 1986 interior requires a full kitchen and bath renovation to meet modern standards. Located in the Saddleback Valley Unified district near Trabuco Hills High, this is a prime opportunity for Fix-and-Flip Investors or Contractors to force appreciation through modernization.
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 | $590 | - |
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 145 Montana Del Lago Sold | $590,000 | 2 | 2 | 886 | $666 | 0.3 mi |
D 51 Lobelia Sold | $700,000 | 2 | 2 | 974 | $719 | 0.7 mi |
E 49 Santa Loretta Sold | $562,500 | 2 | 2 | 1,027 | $548 | 0.7 mi |
F 70 Gavilan 18 Sold | $440,000 | 2 | 1 | 618 | $712 | 0.5 mi |
G 15 Via Hermosa Active | $589,900 List Price | 2 | 2 | 1,006 | $586 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986 (38 years old), the property features an original kitchen with dated wood-trimmed cabinetry and tile countertops, along with aging bathroom fixtures and popcorn ceilings. While the laminate flooring is a newer addition, the kitchen and baths are well past the 30-year threshold and require a full rehab to meet modern standards.
The ground-floor corner positioning provides superior accessibility and increased natural light, offering a more private and spacious feel compared to standard interior units.
The property features a rare, spacious private front patio, which is a significant value-add for a condominium, providing a dedicated space for outdoor relaxation and entertaining.
Situated in the desirable Mission Courts community, the home offers excellent proximity to RSM Lake, local hiking trails, and convenient access to the 241 toll road.
Built in 1986 and marketed as an opportunity to customize, the unit likely requires cosmetic updates and modernizing to meet current market standards.
The $487 monthly association fee adds a substantial recurring cost to the monthly mortgage payment, which may impact affordability for budget-conscious buyers.
Price improvement! 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. The spacious primary bedroom includes two 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 939 | 1,027 | 41% |
| Lot Size | 34,242 | 25,194 | 62% |
| Price | $587.8K | $685.0K | 35% |
| Price per sq ft | $626 | $649 | 41% |
| Built year | 1986 | 1990 | 12% |
| HOA | $487.0 | $430 | 67% |
| Days on market | 52 | 145 | 4% |
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