21605 Fernbrook, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
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21605 Fernbrook
Mission Viejo, California 92692
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,162Sq Ft
174,739Lot Size
Property Price
LIST PRICE$819,900
EST. MARKET VALUE
$743,550
10% AboveMARKET VALUE
SUMMARY
This Single-Level Detached Home represents a High-Potential Investment Opportunity, listed at $835,000—positioned well above the $744,333 Fair Market Value by -12%. While requiring modernization, the property features a Condition Rating of 4, offering a blank canvas for value-add renovations. Residents benefit from Lake Mission Viejo Membership and proximity to Top-Rated Schools like Trabuco Hills High. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to personalize a well-located, private cul-de-sac residence in a prime lifestyle community.
Estimated Market Value
$743,550
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 |
|---|---|---|---|---|---|---|
★ 21605 Fernbrook Subject | $819,900* List Price | 2 | 2 | 1,162 | $640 | - |
A 21555 San Pablo Sold | $785,000 | 2 | 2 | 1,387 | $566 | 0.8 mi |
B 21464 San Bernardo Sold | $782,500 | 2 | 2 | 1,387 | $564 | 0.8 mi |
C 120 California Court Sold | $608,000 | 2 | 2 | 957 | $635 | 0.7 mi |
D 28935 Paseo Theresa Sold | $785,000 | 2 | 2 | 1,278 | $614 | 0.8 mi |
E 28901 Paseo Sabatini Sold | $796,900 | 2 | 2 | 1,278 | $624 | 0.7 mi |
F 27923 Windsor 184 Sold | $948,900 | 3 | 3 | 1,610 | $589 | 0.5 mi |
G 27911 Freeport Sold | $848,000 | 3 | 3 | 1,543 | $550 | 0.5 mi |
H 27937 Carrington Sold | $799,900 | 3 | 3 | 1,543 | $518 | 0.3 mi |
I 28083 Saint Kitts Active | $825,000 List Price | 2 | 3 | 1,429 | $577 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987 (39 years old), the property features a partially refreshed kitchen with painted cabinets and stone countertops, plus a newer HVAC system. However, the bathrooms and fireplace tile remain original/dated, and the listing explicitly identifies the home as an opportunity for updating and personalization.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Level Privacy
The detached, single-story layout features a desirable split-bedroom floor plan that maximizes privacy and accessibility, making it ideal for a wide range of buyers.
- Lake Mission Viejo Membership
Ownership includes exclusive access to Lake Mission Viejo amenities, including private beaches, boating, fishing, and year-round community events, significantly enhancing the lifestyle value.
- Prime Cul-de-Sac Location
Situated on a quiet cul-de-sac within the charming Cape Cod-inspired Eastbrook community, the property offers a peaceful, low-traffic environment near top-rated schools and parks.
CONSRISKS & DEFICIENCIES
- Modernization Required
The property is noted as an opportunity for updating and personalization, suggesting that the interior finishes are likely dated and will require additional capital investment for renovations.
- Lack of Scenic Views
The listing explicitly states there is no view, which may be a disadvantage compared to other homes in the Mission Viejo area that offer hillside or city light perspectives.
About 21605 Fernbrook
Single-level detached home located on a quiet cul-de-sac in the charming Cape Cod-inspired Eastbrook community of Mission Viejo. This 2-bedroom, 2-bath residence features a desirable floor plan with the bedrooms separated by the main living area, offering added privacy and flexibility. Additional highlights include a newer HVAC system, attached two-car garage, and a private yard with room to relax, garden, or create your own outdoor retreat. This home offers an excellent opportunity for a buyer to update and personalize while enjoying one of Mission Viejo’s most desirable lifestyle locations. Ownership includes coveted Lake Mission Viejo membership, providing access to private beaches, boating, kayaking, paddleboarding, fishing, swimming, summer concerts, movie nights, holiday events, and year-round recreational activities. Ideally situated near parks, walking paths, hiking and biking trails, shopping, restaurants, golf, and excellent commuter access, this home offers the perfect combination of location, lifestyle, and opportunity. If you’ve been searching for a detached single-level home with incredible potential in a wonderful neighborhood, this is one you won’t want to miss.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 174,739 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $185.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Melinda Heights Elementary School
Grades K-6 • 1.2 mi
8/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.9 mi
7/10
Trabuco Hills High School
Grades 9-12 • 0.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,162 | 1,248.725 |
| Lot Size | 174,739 | 90,361.45 |
| Price | $819.9K | $756.3K |
| Price per sq ft | $706 | $612 |
| Built year | 1987 | 1984 |
| HOA | $185.0 | $504 |
| Days on market | 55 | 55 |
Pricing History
Listed for Sale
Aug 29, 2026
$819,900
$835,000
-2% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$835,000
Initial Listing