201 California Court, Mission Viejo, California 92692, Mission Viejo, 92692 - 1 bed, 1 bath
Loading property details...
201 California Court
Mission Viejo, California 92692
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
1Beds
1Baths
872Sq Ft
0Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$563,023
11% BelowMARKET VALUE
SUMMARY
This Turnkey Carriage Unit represents a Prime Investment Opportunity, listed at $575,000—positioned well below the $587,466 Fair Market Value by 2%. This valuation gap provides $12,466 in Instant Equity. Featuring a Mint Condition Rating, the home boasts a modernized kitchen with quartz counters and high-end appliances. Residents enjoy scenic hill views and Lake Mission Viejo privileges within the top-rated Capistrano Unified School District. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready sanctuary.
Estimated Market Value
$563,023+$63,123 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mission Viejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 201 California Court Subject | $499,900* List Price | 1 | 1 | 872 | $646 | - |
A 194 California Court Sold | $635,000 | 2 | 2 | 900 | $706 | 0.0 mi |
B 205 Niebla Lane Sold | $630,000 | 1 | 2 | 893 | $705 | 0.1 mi |
C 210 California Court Active | $625,000 List Price | 2 | 2 | 843 | $741 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1994, the property has undergone a recent high-end renovation within the last 5 years. It features all-new quartz countertops, premium stainless steel appliances, and updated flooring throughout. The interior is in mint condition and move-in ready with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Gourmet Kitchen
The kitchen is a standout feature, boasting high-end stainless steel appliances, new quartz countertops, and a matching refrigerator, providing a premium turnkey experience.
- Desirable Carriage Unit Layout
This carriage unit offers a private one-car attached garage and vaulted ceilings, creating a spacious, bright atmosphere with the added privacy of no neighbors above or below.
- Exclusive Community Amenities
Residents enjoy Lake Mission Viejo privileges and a serene setting surrounded by rolling green hills, mature trees, and wide-open spaces, enhancing the lifestyle value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 872, other record living area = 914.
- High Monthly Association Fees
The $549 monthly HOA fee is relatively high for a one-bedroom condominium, which may impact the overall monthly affordability for some buyers.
- Limited Bedroom and Bath Count
With only one bedroom and one bathroom, the property has a narrower market appeal, primarily catering to single occupants or couples rather than growing families.
About 201 California Court
***FHA Approved*** and filled with natural light, this beautifully upgraded 1-bedroom, 1.25-bath carriage unit offers 872 square feet of comfortable, stylish living in a peaceful Mission Viejo setting. The home includes a private 1-car attached garage and enjoys a desirable location within a well-maintained community surrounded on two sides by rolling green hills, mature landscaping, and scenic open-space views. The light and bright interior features vaulted ceilings, ceiling fans, abundant storage, and an inviting fireplace that anchors the open living area. The beautifully updated kitchen includes upgraded stainless-steel appliances, a matching stainless refrigerator, and new quartz countertops—ideal for everyday living and entertaining. Enjoy the convenience of an included washer, dryer, and refrigerator, along with the peace of mind of a newer HVAC system—both the heater and air conditioner were replaced approximately one year ago. Centrally located near schools, shopping, restaurants, freeways, and toll roads, this home also includes coveted **Lake Mission Viejo privileges**. A wonderful opportunity to enjoy low-maintenance living in a tranquil, scenic community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1994
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $549.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Montevideo Elementary School
Grades K-6 • 3.5 mi
7/10
La Paz Intermediate School
Grades 7-8 • 4.5 mi
7/10
Trabuco Hills High School
Grades 9-12 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 872 | 1,248.725 |
| Lot Size | - | 90,361.45 |
| Price | $499.9K | $756.3K |
| Price per sq ft | $573 | $612 |
| Built year | 1994 | 1984 |
| HOA | $549.0 | $504 |
| Days on market | 63 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$499,900
$539,900
-7% Price Drop
Initial Listing
Price Change
Aug 4, 2026
$539,900
$575,000
-6% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$575,000
Initial Listing
Sold
Nov 23, 2011
$177,000
Public Record
Sold
Jul 22, 2004
$341,500
Public Record
Sold
Aug 16, 2001
$179,000
Public Record
Sold
Jul 2, 1998
$107,000
Public Record
Sold
Apr 21, 1994
$105,000
Public Record