202 Heartland Way, Rancho Mission Viejo, California 92694, Rancho Mission Viejo, 92694 - 4 bed, 4 bath
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202 Heartland Way
Rancho Mission Viejo, California 92694
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
1,818Sq Ft
3,500Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,260,000
4% BelowMARKET VALUE
SUMMARY
This Stunning 2024 Construction is a Strong Value Opportunity, listed at $1,260,000—positioned well below the $1,300,351 Fair Market Value by 3%. This valuation gap offers $40,351 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this home offers a modern open-concept layout, a private first-floor bedroom, and unobstructed panoramic views. Located in the resort-style Rancho Mission Viejo community, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-lifestyle property.
Estimated Market Value
$1,260,000+$60,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Mission Viejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 202 Heartland Way Subject | $1,200,000* List Price | 4 | 4 | 1,818 | $693 | - |
A 31655 Williams Way Sold | $1,350,000 | 4 | 3 | 2,016 | $670 | 0.2 mi |
B 601 Jasper Street Sold | $1,280,000 | 4 | 3 | 1,805 | $709 | 0.2 mi |
C 3372 Ivy Way Sold | $1,405,000 | 4 | 3 | 2,117 | $664 | 0.6 mi |
D 3593 Ivy Way Sold | $1,378,000 | 4 | 3 | 1,990 | $692 | 0.5 mi |
E 951 Jasper Street Sold | $1,310,000 | 4 | 3 | 2,150 | $609 | 0.2 mi |
F 31680 Williams Way Sold | $1,205,000 | 4 | 4 | 2,003 | $602 | 0.1 mi |
G 851 Jasper Street Sold | $1,290,000 | 4 | 3 | 2,150 | $600 | 0.2 mi |
H 131 Ruby Rd Sold | $1,240,000 | 4 | 4 | 2,071 | $599 | 0.2 mi |
I 893 Longhorn Active | $1,299,999 List Price | 4 | 3 | 1,990 | $653 | 0.6 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.
This is a brand-new 2024 construction in mint condition. The property features a modern open-concept kitchen with quartz countertops and stainless steel appliances, contemporary bathrooms with dual sinks and oversized showers, and brand-new HVAC and electrical systems.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Corner Lot Position
The property is situated on a front-row corner lot, maximizing natural light and offering unobstructed neighborhood views that provide a greater sense of privacy and openness compared to interior units.
- Modern Multi-Generational Layout
Built in 2024, the home features a desirable first-floor bedroom with an en-suite bath, offering essential flexibility for guests, a home office, or multi-generational living arrangements.
- Resort-Style Community Amenities
Located in Rancho Mission Viejo, the property grants access to extensive high-end amenities including multiple pools, fitness centers, clubhouses, and trails, significantly enhancing the lifestyle value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3500, other record lot size in square feet = 1418.
- High Monthly Carrying Costs
The $313 monthly association fee, combined with the premium list price, represents a significant recurring expense that may impact overall affordability for budget-conscious buyers.
- Compact Interior Scaling
With four bedrooms distributed across 1,818 square feet, the individual room sizes and storage options may feel constrained for families requiring more spacious living areas.
About 202 Heartland Way
Corner Lot with Front-Row Views! Perfectly situated on a premium front-row corner lot, this beautifully designed detached home offers open views, abundant natural light, and a modern 4-bedroom, 3.5-bath floor plan. The first floor features a private bedroom with an en-suite bath, ideal for guests, office use, or multi-generational living, along with a laundry area and attached two-car garage. The main level showcases an open-concept kitchen, dining, and living space with quartz countertops, sleek cabinetry, stainless steel appliances, a large center island, and access to a private balcony overlooking the front-row views. Upstairs, the spacious primary suite includes a walk-in closet and an elegant en-suite bath with dual sinks and an oversized shower. Additional bedrooms provide flexible living options. Enjoy the best of Rancho Mission Viejo with resort-style amenities including pools, clubhouses, fitness centers, parks, trails, community gardens, sports fields, event spaces, and more. Conveniently located near shopping, dining, entertainment, and major roadways. A rare front-row view opportunity in one of South Orange County’s most desirable communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $313.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 4.0 | 3.1 |
| Square foot | 1,818 | 2,208.234 |
| Lot Size | 3,500 | 3,984.617 |
| Price | $1.20M | $1.41M |
| Price per sq ft | $660 | $656 |
| Built year | 2024 | 2019 |
| HOA | $313.0 | $348 |
| Days on market | 38 | 64 |
Pricing History
Listed for Sale
Sep 6, 2026
$1,200,000
$1,260,000
-5% Price Drop
Initial Listing
Price Change
Aug 2, 2026
$1,260,000
Initial Listing
Sold
Nov 14, 2024
$1,285,000
Public Record
Sold
Sep 18, 2024
$4,499,500
Public Record