21902 Herencia, Mission Viejo, California 92692, Mission Viejo, 92692 - 4 bed, 3 bath
21902 Herencia
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 21902 Herencia, Mission Viejo, California 92692 reveals a property with a current list price of $1,765,000, which is 10% above the estimated $1,601,444 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21902 Herencia Subject | $1,765,000* List Price | 4 | 3 | 2,525 | $634 | - |
A 21795 Constancia Sold | $1,240,880 | 3 | 3 | 2,301 | $539 | 0.1 mi |
B 28632 Mill Pond Sold | $1,867,000 | 4 | 3 | 2,767 | $675 | 0.2 mi |
C 28502 Munera Sold | $1,475,000 | 4 | 3 | 2,525 | $584 | 0.1 mi |
D 21811 Calatrava Sold | $1,391,000 | 3 | 3 | 2,301 | $605 | 0.1 mi |
E 28631 Mill Pond Sold | $1,310,000 | 3 | 3 | 2,379 | $551 | 0.2 mi |
F 21981 Birchwood Sold | $1,333,333 | 4 | 3 | 1,803 | $740 | 0.2 mi |
G 21102 Ponderosa Active | $1,389,000 List Price | 4 | 3 | 2,289 | $607 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-quality renovation that brings it to a 'model home' standard. It features a modern gourmet kitchen with natural wood cabinetry and high-end stainless steel appliances, designer light fixtures, and wide-plank flooring throughout. The bathrooms are fully updated with contemporary tile work, a standalone soaking tub, and modern vanities. Despite the 1979 build year, the interior components and finishes are virtually new and meet current luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovation
The property has been completely transformed into a 'model home' condition with high-quality construction and professional design, offering a move-in ready experience.
- Prime Lifestyle Location
Situated within walking distance to Lake Mission Viejo, providing residents with exclusive access to lakefront recreation, boating, and community events.
- Architectural Volume
Features soaring ceilings in the living room and master suite, paired with a designer chandelier and wine cellar, creating a luxury feel with abundant natural light.
CONSRISKS & DEFICIENCIES
- Modest Lot Size
At 5,500 square feet, the lot is relatively compact for a 2,525 square foot home, which may limit privacy and space for larger outdoor projects.
- Vintage Infrastructure
While the interior is fully renovated, the original 1979 structure may still possess aging core systems such as plumbing or electrical that require long-term monitoring.
- Market Positioning
A recent price reduction from the original list price indicates the property may be testing the upper limits of the immediate neighborhood's current valuation.
About 21902 Herencia
Totally renovated into a phenomenal new model home sitting on the great neighborhood of Galicia North. Just walking distance to enjoy famous Lake Mission Viejo lifestyle. Professional design and high-quality construction work all around. Soaring ceiling in living room, formal dining room with side French door is open to living room. Family room has fashioned fireplace and wine cellar. Bright and airy anywhere. Bright and airy anywhere. Upgraded gourmet kitchen is modern and comfortable. Going upstairs under designer's chandelier there are four bedrooms around creating a very warm feeling for a family. Large master bedroom has high celling, huge balcony to enjoy green belt. Barn door master bathroom area offers a spacious closet, a beautiful vanity with lighting windows, an amazing shower and bathtub. A secondary bedroom also has high ceiling. The secondary bathroom comes with double sinks, superb shower and flooring. Large backyard is impressively refreshed with new lawn, flowers, plants and BBQ. Peaceful and quiet for family and friends gathering.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $87.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,525 | 1,902 | 76% |
| Lot Size | 5,500 | 4,950 | 62% |
| Price | $1.76M | $1.23M | 85% |
| Price per sq ft | $699 | $645 | 68% |
| Built year | 1979 | 1983 | 32% |
| HOA | $87.0 | $248 | 6% |
| Days on market | 176 | 150 | 65% |
Pricing History
Listed for Sale
Feb 11, 2026
$1,765,000
$1,780,000
-1% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$1,780,000
Initial Listing