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22741 Cottonwood, Mission Viejo, California 92692, Mission Viejo, 92692 - 5 bed, 4 bath

22741 Cottonwood, Mission Viejo, California 92692 home-pic-0
ACTIVE$2,299,500
22741 Cottonwood, Mission Viejo, California 92692
5Beds
4Baths
3,448Sqft
8,450Lot

Price Vs. Estimate

The estimated value ($1,681,975.65) is $617,524.35 (26%) lower than the list price ($2,299,500). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Middle School: Arroyo Vista Middle School (9/10).
Top Cons:
Significant Overpricing Relative to Market Estimation: The current listing price of $2,299,500 is substantially higher than the estimated property value of $1,681,975.65, indicating a potential overvaluation of 26% compared to market benchmarks.

Compared to the nearby listings

Price:$2.30M vs avg $1.20M (+$1,099,550)97%
Size:3,448 sqft vs avg 1,754 sqft95%
Price/sqft:$667 vs avg $64256%

More Insights

Built in 1995 (30 years old).
Condition: Despite being built in 1995, this property presents as extensively renovated with a modern, high-end aesthetic throughout. The kitchen features white shaker cabinets, light stone countertops, subway tile backsplash, and high-end stainless steel appliances (including a built-in refrigerator and double oven), complemented by a custom range hood. Bathrooms are also fully updated with contemporary fixtures, freestanding tubs, glass-enclosed showers, and modern vanities. Hardwood floors are prevalent, and light fixtures are stylish and current. The overall impression from the images and description is of a property that has undergone a recent, comprehensive renovation, meeting current quality standards with virtually new components.
Year Built
1995
Close
-
List price
$2.3M
Original List price
$2.2M
Price/Sqft
$667
HOA
$243
Days on market
-
Sold On
-
MLS number
OC25003171
Home ConditionExcellent
Features
Good View: Lake
Pool
Spa
Patio
ViewLake

About this home

Welcome to this luxurious 5-bedroom, 4-bathroom home nestled in the prestigious, guard-gated Canyon Crest community of Mission Viejo with over 3,400 square feet of living space. This exceptional residence offers a perfect blend of comfort and sophistication, featuring a private beach entry pool and an outdoor kitchen ideal for entertaining guests or enjoying tranquil evenings. The expansive layout provides ample space for both relaxation and entertainment, with generous living areas and large bedrooms. The gourmet kitchen is equipped with high-end appliances and offers an open flow into the family room, making it perfect for hosting gatherings. Step outside to your own private oasis, where the sparkling pool and spa provide a serene retreat. The outdoor kitchen, complete with a BBQ and seating area, is perfect for al fresco dining and entertaining under the stars. As a resident of Canyon Crest, you'll enjoy access to an array of world-class amenities, including a community clubhouse, gym, pool, tennis and pickleball courts. You’ll also have the exclusive privilege of enjoying the Mission Viejo Lake, offering a variety of summer events and aquatic adventures, all just minutes away from your doorstep. This home offers the perfect combination of luxury, convenience, and outdoor living in one of Mission Viejo’s most sought-after communities. Don’t miss the opportunity to make this extraordinary residence your own! Have the Bankruptcy Sales Experts on your side and Call Today! Prime Location: Located in the highly sought-after Canyon Crest community, this home offers 24-hour security, a private clubhouse, and access to award-winning schools. Enjoy easy access to shopping, dining, parks, and major freeways, with just a short drive to the beaches of Laguna and Dana Point. Additional Highlights: 3-car garage, Hardwood floors and custom finishes throughout, Large laundry room with built-in storage, Professionally landscaped front and backyards, Low HOA fees with fantastic community amenities, and Lake Mission Viejo Membership - includes access to lake front beaches, water activity rentals, and Summer Concert Series. This is an extraordinary opportunity to own a luxury home in one of Mission Viejo’s most desirable neighborhoods. Don’t miss your chance to make this stunning property your own.

Nearby schools

7/10
Arroyo Vista Elementary School
Public,•K-5•1.2mi
7/10
Castille Elementary School
Public,•K-5•1.9mi
9/10
Arroyo Vista Middle School
Public,•6-8•1.2mi
7/10
Newhart Middle School
Public,•6-8•2.4mi
8/10
Carl Hankey Middle School
Public,•6-8•4.4mi
7/10
Capistrano Valley High School
Public,•9-12•6.6mi
Condition Rating
Excellent
Despite being built in 1995, this property presents as extensively renovated with a modern, high-end aesthetic throughout. The kitchen features white shaker cabinets, light stone countertops, subway tile backsplash, and high-end stainless steel appliances (including a built-in refrigerator and double oven), complemented by a custom range hood. Bathrooms are also fully updated with contemporary fixtures, freestanding tubs, glass-enclosed showers, and modern vanities. Hardwood floors are prevalent, and light fixtures are stylish and current. The overall impression from the images and description is of a property that has undergone a recent, comprehensive renovation, meeting current quality standards with virtually new components.
Pros & Cons

Pros

Great Schools: Middle School: Arroyo Vista Middle School (9/10).
Prestigious Guard-Gated Community: Located in the prestigious, guard-gated Canyon Crest community with 24-hour security, offering exclusivity and enhanced safety.
Exceptional Outdoor Living & Entertainment: Features a private beach entry pool, spa, and a fully equipped outdoor kitchen with BBQ and seating area, ideal for entertaining and relaxation.
Extensive Community Amenities & Lake Access: Residents enjoy access to world-class amenities including a clubhouse, gym, pools, tennis/pickleball courts, and exclusive Lake Mission Viejo membership for aquatic activities and events.
Spacious & Well-Appointed Interior: A luxurious 5-bedroom, 4-bathroom home with over 3,400 sqft of living space, a gourmet kitchen with high-end appliances, hardwood floors, and custom finishes throughout.
Prime Location with Convenience: Situated in a highly sought-after area with award-winning schools, easy access to shopping, dining, parks, major freeways, and a short drive to Laguna and Dana Point beaches.

Cons

Significant Overpricing Relative to Market Estimation: The current listing price of $2,299,500 is substantially higher than the estimated property value of $1,681,975.65, indicating a potential overvaluation of 26% compared to market benchmarks.
Age of Property and Potential for Dated Systems: Built in 1995, the home is nearly 30 years old. While well-maintained, the description does not specify recent major system upgrades (e.g., HVAC, plumbing, windows) that might be expected in a luxury property of this price point, potentially requiring future investment.
Bankruptcy Sale Context: The mention of 'Bankruptcy Sales Experts' suggests this is a distressed sale, which could imply a more complex transaction process or an 'as-is' condition, potentially limiting negotiation flexibility or requiring buyer due diligence for any undisclosed issues.

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