21122 Pennington Lane, Trabuco Canyon, California 92679, Trabuco Canyon, 92679 - 5 bed, 3 bath
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Trabuco Canyon, California 92679
This Upgraded Robinson Ranch Residence is a Prime Investment Opportunity, listed at $1,319,000—positioned well below the $1,357,533 Fair Market Value by 2%. This valuation gap offers $38,533 in Instant Equity. Boasting a Condition Rating of 3, the home features paid-off solar panels, a remodeled quartz kitchen, and serene mountain views. Located within the Saddleback Valley Unified district near top-rated schools, it balances long-term efficiency with lifestyle luxury. This is an ideal match for growing families or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21122 Pennington Lane Subject | $1,319,000* List Price | 5 | 3 | 2,289 | $593 | - |
A 21185 Prairie View Sold | $1,421,000 | 4 | 3 | 2,342 | $607 | 0.3 mi |
B 20682 Porter Ranch Road Sold | $1,367,000 | 5 | 3 | 2,539 | $538 | 0.6 mi |
C 20841 Mayfair Drive Sold | $1,423,000 | 5 | 4 | 2,917 | $488 | 0.4 mi |
D 21141 Pennington Lane Sold | $1,050,000 | 4 | 3 | 1,739 | $604 | 0.0 mi |
E 21072 Cimmaron Ln Sold | $1,330,000 | 4 | 3 | 1,906 | $698 | 0.1 mi |
F 31952 Pleasant Glen 1 Sold | $1,150,000 | 3 | 3 | 1,678 | $685 | 0.5 mi |
G 32232 Fall River Active | $1,648,000 List Price | 5 | 5 | 2,613 | $631 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988 but features extensive recent renovations that fall within the 5-15 year window. Key systems are well-maintained: roof (6y), HVAC (8y), and water heater/appliances (5y). The kitchen is modernized with quartz countertops and custom cabinetry, and the interior shows high-end finishes like plantation shutters and recessed lighting, making it move-in ready.
The property features 15 fully paid-off solar panels that reduce the average electric bill to approximately $25 per month, offering significant long-term utility savings.
Major systems are well-maintained with a newer roof, HVAC, water heater, and appliances all replaced within the last 5-8 years, minimizing immediate capital expenditures for the buyer.
The 2,289 sq. ft. layout has been thoughtfully updated to include five bedrooms, featuring a remodeled kitchen with quartz countertops and a convenient main-floor office ideal for remote work.
At 5,000 square feet, the lot is relatively compact for a five-bedroom home, which may limit private outdoor space compared to other properties in the area.
While the elementary school is within walking distance, the assigned high schools are located nearly 5 to over 7 miles away, which may be a consideration for families with older children.
Welcome to this highly desirable Robinson Ranch traditional residence showcasing exceptional potential in one of Trabuco Canyon’s most coveted neighborhoods! Prime location on a quiet street. Experience the BEST of South Orange County living in this beautifully upgraded home, ideally situated in a peaceful community with access to top-rated Saddleback Valley schools, parks, pools, and outdoor recreation. Offering approximately 2,289 sq. ft., this spacious residence features a flexible, remodeled layout with five bedrooms and three bathrooms, including a convenient yet spacious main-floor office. Work from home? This home is perfect! Step inside to a bright, open floor plan enhanced by soaring ceilings, abundant natural light, and designer upgrades throughout. The inviting living and family areas include a cozy fireplace, recessed lighting, crown molding, plantation shutters, and ceiling fans, creating a warm yet refined atmosphere. The kitchen is a standout, featuring quartz countertops, custom cabinetry, stainless steel appliances, and ample space for both everyday living and entertaining. Just off the kitchen you’ll find a spacious den (could be an additional bedroom) with access to the rear yard. Upstairs, the spacious primary suite offers a relaxing retreat, with serene views and well-appointed finishes. Secondary bedrooms are generously sized, reflecting the home’s thoughtful updates to maximize both comfort and functionality. This home also excels in efficiency and long-term value, with 15 fully paid-off solar panels keeping the average electric bill at approximately $25 per month. Major systems have been well maintained, including a newer roof (6 years), HVAC system (8 years), water heater (5 years), and appliances (5 years). Outdoor living is equally impressive, featuring a beautifully serene landscaped backyard providing a park like setting with pavers and a covered patio—ideal for entertaining, relaxing, or enjoying Southern California’s year-round sunshine. With low HOA dues, desirable community amenities featuring a pool, parks, sports courts, and riding/hiking trails PLUS offering a prime location near shopping, dining and quick freeway access this home offers the perfect blend of comfort, style, and convenience. This is more than a home—it’s a lifestyle opportunity you won’t want to miss.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.2 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 67% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,289 | 2,790 | 34% |
| Lot Size | 5,000 | 6,649 | 21% |
| Price | $1.32M | $1.60M | 24% |
| Price per sq ft | $576 | $621 | 30% |
| Built year | 1988 | 1992 | 28% |
| HOA | $187.0 | $312 | 33% |
| Days on market | 0 | 188 | 1% |
Apr 10, 2026
$1,319,000
Initial Listing
Oct 16, 1997
$223,500
Public Record