22701 Via Tercero, Mission Viejo, California 92691, Mission Viejo, 92691 - 3 bed, 2 bath
22701 Via Tercero
Mission Viejo, California 92691
Property Price
SUMMARY
Analysis of 22701 Via Tercero, Mission Viejo, California 92691 reveals a Prime Investment Opportunity with a current list price of $1,139,000—significantly undercutting the $1,189,713 Fair Market Value by 4%. This valuation gap indicates a +$50,713 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 22701 Via Tercero Subject | $1,139,000* List Price | 3 | 2 | 1,178 | $1,010 | - |
A 23201 Via Mirlo Sold | $1,020,000 | 3 | 2 | 1,222 | $835 | 0.9 mi |
B 23691 Via El Rocio Sold | $1,289,000 | 3 | 2 | 1,470 | $877 | 1.0 mi |
C 26702 Via Linares Sold | $975,000 | 3 | 2 | 1,099 | $887 | 0.8 mi |
D 23431 Via Guadix Sold | $1,420,000 | 4 | 2 | 1,640 | $866 | 0.7 mi |
E 23266 Via Ronda Sold | $1,270,000 | 4 | 3 | 1,463 | $868 | 0.6 mi |
F 22682 Via Octavo Active Under Contract | $1,169,000 List Price | 3 | 2 | 1,178 | $992 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1974, the property has undergone an extensive recent transformation that meets the 'excellent' criteria. It features brand-new major systems including HVAC, AC compressor, PEX piping, and water heater. The interior is fully modernized with new laminate flooring, double-paned windows, a chef's kitchen with stone countertops and stainless appliances, and a completely remodeled master bathroom.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8700, living area = 1178.
- Comprehensive Infrastructure Upgrades
The property features significant high-value updates including a brand-new HVAC system, AC compressor, PEX piping, and new air ducts, ensuring long-term mechanical reliability.
- Panoramic Views and Large Lot
Situated on an expansive 8,700 sqft lot, the home offers stunning panoramic city light views and a versatile backyard with a custom garden and paved side yard.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,178 square feet for a three-bedroom home, the interior living spaces and bedrooms may feel compact for families requiring more room.
- 1970s Era Architecture
Despite the extensive modern renovations, the 1974 construction may still reflect older architectural layouts and standard ceiling heights compared to contemporary builds.
About 22701 Via Tercero
Step into a completely transformed, single-level haven nestled in the heart of Mission Viejo, boasting breathtaking views and an abundance of upgrades. This 3-bedroom residence offers the ultimate in modern comfort, featuring a brand-new AC compressor, HVAC system, attic insulation, water heater, air ducts, and PEX piping throughout. Beyond the stunning curb appeal, highlighted by meticulously manicured landscaping, vibrant paint, and majestic palm trees, discover an extra-wide driveway providing ample RV or boat parking alongside the 2-car garage. Inside, be captivated by the seamless flow of natural light across beautiful laminate flooring and through new double-paned windows. The living room invites relaxation with a charming fireplace and a large ceiling fan. The chef's kitchen shines with pristine white cabinetry, elegant stone tile countertops, and stainless steel appliances. The expansive dining room, ideal for entertaining, features a ceiling fan and a double-paned sliding door that opens to the backyard oasis. Rest assured with bright guest bedrooms, each equipped with ceiling fans. The master suite provides a spacious retreat with incredible westward views. Indulge in the newly remodeled master bathroom, featuring a beautifully appointed walk-in shower. The oversized backyard, offering panoramic city light views, also includes a custom garden and a paved side yard perfect for a small sports court or additional RV/boat parking. This home's prime location puts you at the epicenter of Mission Viejo's vibrant lifestyle with ocean breezes. Enjoy proximity to fantastic parks, top-rated schools, diverse shopping, and exceptional dining options. A short distance away lies the crown jewel of the community, Lake Mission Viejo, providing endless opportunities for recreation and relaxation. This is more than a home; it's a gateway to the best of Mission Viejo living. Welcome Home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 8,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $29.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 37% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,178 | 2,005 | 5% |
| Lot Size | 8,700 | 7,200 | 76% |
| Price | $1.14M | $1.35M | 20% |
| Price per sq ft | $967 | $662 | 94% |
| Built year | 1974 | 1972 | 62% |
| HOA | $29.0 | $30 | 50% |
| Days on market | 6 | 162 | 1% |
Pricing History
Listed for Sale
Mar 1, 2026
$1,139,000
Initial Listing