21 Somerset, Rancho Santa Margarita, California 92679, Rancho Santa Margarita, 92679 - 4 bed, 3 bath
ACTIVE$1,550,000
21 Somerset, Rancho Santa Margarita, California 92679
4Beds
3Baths
2,592Sqft
6,525Lot
Year Built
1990
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$598
HOA
$320
Days on market
-
Sold On
-
MLS number
OC25117323
Home ConditionFair
Features
Good View: Hills
ViewHills
About this home
Possibly Over-Priced:The estimated price is 19% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.55M(44th), sqft - 2592(41th), beds - 4(50th), baths - 3(50th).
Beautiful 4 Bedroom Home Located in the 24 Hour Guard Gated Community of Dove Canyon. Professional Photos Coming Soon.
Condition Rating
Fair
The property was built in 1990, making it 34 years old. The exterior appears well-maintained for its age, but the listing explicitly states 'Professional Photos Coming Soon' and the property analysis notes 'Potential for Dated Interiors/Lack of Modern Upgrades.' This, combined with the absence of any mention of recent renovations in the description, strongly suggests that the kitchen and bathrooms, along with other interior features, are likely original or have older updates, showing signs of being outdated. This aligns with the 'Fair' condition criteria for a home built 25-40 years ago with no major renovations since construction, where major components are functional but outdated.
Pros & Cons
Pros
Exclusive Guard-Gated Community: Located in the 24-hour guard-gated community of Dove Canyon, offering enhanced security, exclusivity, and access to desirable community amenities.
Desirable Community Amenities: Being part of Dove Canyon implies access to a range of community amenities such as pools, spas, tennis courts, and trails, enhancing lifestyle appeal.
Hills View: The property benefits from a desirable 'Hills' view, which adds to its aesthetic appeal and potential market value.
Spacious Floor Plan: With 4 bedrooms, 3 bathrooms, and 2592 square feet, the home offers a substantial and functional living space suitable for families.
Generous Lot Size: The 6525 square foot lot provides ample outdoor space, a valuable asset for a single-family residence in this area.
Cons
Lack of Marketing Materials: The listing states 'Professional Photos Coming Soon,' indicating a current lack of visual marketing, which can deter potential buyers and suggests the property may not be fully market-ready.
Overpriced Relative to Market Estimates: The listing price of $1.55M is 19% higher than the estimated property value of $1.245M, suggesting it may be overpriced and could face challenges in attracting offers at this level.
Potential for Dated Interiors/Lack of Modern Upgrades: The property description is sparse and does not mention any recent renovations or modern features, unlike several comparable sales that highlight extensive upgrades, implying the property may require significant investment to meet current buyer expectations.