22531 Parkfield, Mission Viejo, California 92692, Mission Viejo, 92692 - 5 bed, 4 bath
22531 Parkfield
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 22531 Parkfield, Mission Viejo, California 92692 reveals a Fairly Priced Property with a current list price of $2,040,000 aligned with the estimated $2,040,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 22531 Parkfield Subject | $2,040,000* List Price | 5 | 4 | 3,448 | $592 | - |
A 22816 Maiden Lane Sold | $2,100,000 | 6 | 4 | 3,556 | $591 | 0.4 mi |
B 28352 La Caleta Sold | $1,799,000 | 5 | 3 | 3,415 | $527 | 0.5 mi |
C 22202 Crystal Pond Sold | $2,250,000 | 5 | 3 | 3,307 | $680 | 0.4 mi |
D 22681 Maplewood Sold | $1,730,000 | 4 | 3 | 2,831 | $611 | 0.2 mi |
E 28632 Mill Pond Sold | $1,867,000 | 4 | 3 | 2,767 | $675 | 0.5 mi |
F 23251 Eagle Ridge Sold | $1,863,000 | 5 | 3 | 4,028 | $463 | 0.7 mi |
G 74 Springfield Active | $2,075,000 List Price | 4 | 4 | 3,557 | $583 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property, built in 1995, has undergone extensive and recent renovations that elevate its condition to excellent. The kitchen and primary bathroom were remodeled in 2019 (5 years ago), featuring modern white cabinetry, quartz countertops, high-end stainless steel appliances, stylish backsplashes, and contemporary fixtures. Other significant updates include a complete re-pipe in 2021, newer flooring throughout, fresh exterior paint in 2024, and a re-plastered pool in 2023. These updates ensure that all major components are new or virtually new, meeting current quality standards with no deferred maintenance and minimal physical depreciation, making it truly move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Prime Gated Community & Lake Access
Located in the highly sought-after gated community of Canyon Crest, offering exclusive access to Lake Mission Viejo amenities including boating, fishing, and private beaches.
- Extensive Recent Upgrades
Significant updates include a remodeled kitchen and primary bathroom (2019), fresh exterior paint (2024), re-plastered pool (2023), complete re-pipe (2021), and a tankless water heater, ensuring move-in readiness.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Ongoing Association Fees
The monthly association fee of $253.0 adds a recurring cost to homeownership, which buyers must factor into their budget.
- Potential for Limited Lake View
While lake views are mentioned, the 'Peek-A-Boo' view designation suggests the views may not be expansive or fully unobstructed, potentially limiting the visual impact.
About 22531 Parkfield
Welcome to this beautiful 5-bedroom, (and an office) 4-bathroom home located in the highly sought-after gated community of Canyon Crest. Just a short walk from the scenic Lake Mission Viejo, residents enjoy exclusive amenities such as boating, fishing, and private beaches. This home features a spacious layout with a dedicated office/library, a luxurious primary suite with 2 separate walk-in closets and a private balcony with lake views, and a remodeled kitchen and primary bathroom (completed in 2019). The home boasts newer flooring, fresh exterior paint (2024), and a pristine plastered pool (re-plastered and painted in 2023) and fire pit with seating in the backyard, perfect for relaxation and entertaining. Additional highlights include dual fireplaces, ample storage, tankless water heater, complete re-pipe in 2021,and an abundance of natural light throughout. The community amenities include tennis courts, multiple pools, a sauna, a gym, Kid's playground, BBQ & Picnic area, and various sports courts, offering a lifestyle of luxury and convenience. Don’t miss the opportunity to own this exceptional, move-in ready property in one of Mission Viejo’s most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $253.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 1.2 mi
Castille Elementary School
Grades K-5 • 2.1 mi
Arroyo Vista Middle School
Grades 6-8 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 89% |
| Baths | 4.0 | 3.0 | 91% |
| Square foot | 3,448 | 1,902 | 93% |
| Lot Size | 6,000 | 4,950 | 69% |
| Price | $2.04M | $1.23M | 93% |
| Price per sq ft | $592 | $644 | 22% |
| Built year | 1995 | 1983 | 88% |
| HOA | $253.0 | $253 | 50% |
| Days on market | 120 | 149 | 29% |
Pricing History
Listed for Sale
Jan 13, 2026
$2,040,000
$2,149,000
-5% Price Drop
Initial Listing
Price Change
Nov 7, 2025
$2,149,000
Initial Listing
Sold
Jul 8, 2005
$1,230,000
Public Record