21175 Tangerine, Mission Viejo, California 92691, Mission Viejo, 92691 - 2 bed, 2 bath
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Mission Viejo, California 92691
This Spacious Rainbow Ridge Condominium is a well-positioned residential asset listed at $699,900—positioned below the $704,726 Fair Market Value by 1%. This valuation provides $4,826 in Instant Equity for the incoming buyer. Featuring a Condition Rating of 4, the 1,206 sqft layout is functional yet offers room for cosmetic updates to increase value. The property includes a one-car garage, fireplace, and access to a pool and spa, plus exclusive Lake Mission Viejo membership. Zoned for the highly-rated Trabuco Hills High School, this home is a perfect match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21175 Tangerine Subject | $699,900* List Price | 2 | 2 | 1,206 | $606 | - |
A 27873 Auburn 99 Sold | $636,000 | 2 | 2 | 942 | $675 | 0.1 mi |
B 27973 Ivory 259 Sold | $540,000 | 2 | 1 | 942 | $573 | 0.1 mi |
C 27897 Cinnamon Active | $589,000 List Price | 2 | 1 | 800 | $736 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this 40-year-old property exceeds the 20-year threshold for 'Fair' condition. The listing description lacks mention of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric), suggesting the interior is likely dated and requires cosmetic updates, though it remains functional and move-in ready.
Situated within walking distance to Lake Mission Viejo and local trails, this property offers exceptional access to outdoor recreation, shopping, and community amenities.
The home is served by the Saddleback Valley Unified district, featuring highly-rated schools such as Trabuco Hills High School (Rating 8), which adds significant long-term value.
With over 1,200 sqft of living space, an interior laundry area, and a private one-car garage, the unit provides a comfortable and convenient floor plan compared to standard two-bedroom condos.
The property is noted as having no view, which may be a disadvantage for buyers seeking the hillside or lake vistas common in the Mission Viejo area.
The association fee of $465 per month represents a significant recurring expense that impacts the overall monthly debt-to-income ratio for potential buyers.
Location, Spacious Beautiful and Bright 2 Bedrooms, living Room with Fireplace, inside laundry for stackable washer and dryer, One Car Garage, Pool and Spa at Rainbow Ridge Community, Walking Distance to Mission Viejo Lake ,easy access to trails, shopping and Freeway
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 4.2 mi
Grades 9-12 • 0.4 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 | 1,206 | 1,024 | 69% |
| Lot Size | 120,660 | 106,316 | 62% |
| Price | $699.9K | $607.0K | 69% |
| Price per sq ft | $580 | $588 | 50% |
| Built year | 1986 | 1981 | 81% |
| HOA | $465.0 | $476 | 33% |
| Days on market | 48 | 145 | 7% |
Apr 29, 2026
$699,900
Initial Listing
May 8, 2019
$427,500
Public Record
Apr 2, 2015
$350,000
Public Record
Apr 21, 2003
$272,000
Public Record