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23 Socorro, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath

23 Socorro, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,099,000
23 Socorro, Rancho Santa Margarita, California 92688
3Beds
3Baths
1,381Sqft
3,406Lot

Price Vs. Estimate

The estimated value ($866,664.425) is $232,335.575 (21%) lower than the list price ($1,099,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Walkability: The property boasts an unparalleled walkability score, being steps away from groceries, shops, parks, and restaurants in a highly sought-after Rancho Santa Margarita neighborhood.
Top Cons:
Significant Overpricing: The current listing price of $1,099,000 is approximately 21% above the estimated property value of $866,664, which may impact market appeal and negotiation leverage.

Compared to the nearby listings

Price:$1.10M vs avg $1.23M ($-126,000)22%
Size:1,381 sqft vs avg 1,977 sqft8%
Price/sqft:$796 vs avg $63793%

More Insights

Built in 1996 (29 years old).
Condition: The property, built in 1996, is well-maintained and move-in ready, featuring updated white kitchen cabinets and stainless steel appliances. However, the kitchen's tiled countertops and the bathrooms' overall aesthetic (older vanity styles, wall-to-wall mirrors, and standard tub/shower tiles) appear dated. While functional, these elements suggest the home has not undergone a full recent renovation and would require minor updates to meet current modern standards, aligning with the 'fair' condition criteria.
Year Built
1996
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$796
HOA
$87
Days on market
-
Sold On
-
MLS number
OC25067518
Home ConditionFair
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

Rare Corner-Lot Find: Turnkey Living in a Fantastic Rancho Santa Margarita Neighborhood! This exceptional home offers a combination of Prime Location and desirable features. This light and bright home boasts an Open Floor Plan and Spacious Backyard. The expansive kitchen, featuring stylish white cabinets and stainless steel appliances, is perfect for entertaining. Enjoy seamless entertainment in the living area with a relaxing fireplace. Upstairs, the primary suite offers a relaxing space with a dual sink vanity and walk-in closet. Two additional spacious bedrooms offer flexibility, and one features a charming view balcony overlooking the neighborhood, perfect for enjoying the local scenery. The expansive wrap-around backyard, with its raised dining patio area, extends your living space outdoors. A 2-car garage with custom shelving and a full driveway provide convenience. Enjoy the unparalleled walkability to groceries, shops, parks, and restaurants. Don't miss this rare opportunity to own a piece of this sought-after neighborhood – schedule your showing today before it's gone!

Nearby schools

5/10
Cielo Vista Elementary School
Public,•K-6•1.0mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•0.8mi
8/10
Trabuco Hills High School
Public,•9-12•3.5mi
Condition Rating
Fair
The property, built in 1996, is well-maintained and move-in ready, featuring updated white kitchen cabinets and stainless steel appliances. However, the kitchen's tiled countertops and the bathrooms' overall aesthetic (older vanity styles, wall-to-wall mirrors, and standard tub/shower tiles) appear dated. While functional, these elements suggest the home has not undergone a full recent renovation and would require minor updates to meet current modern standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Prime Location & Walkability: The property boasts an unparalleled walkability score, being steps away from groceries, shops, parks, and restaurants in a highly sought-after Rancho Santa Margarita neighborhood.
Corner Lot & Expansive Outdoor Space: As a rare corner-lot find, the home offers a spacious, wrap-around backyard with a raised dining patio, significantly extending outdoor living and entertaining possibilities.
Turnkey & Modern Kitchen: Described as 'turnkey living,' the home features an open floor plan and an expansive kitchen with stylish white cabinets and stainless steel appliances, ideal for entertaining.
Functional Layout & Features: The interior includes an open floor plan, a relaxing fireplace, a primary suite with a dual sink vanity and walk-in closet, and flexible secondary bedrooms, one with a charming view balcony.
Convenient Parking & Storage: A 2-car garage with custom shelving and a full driveway provides ample parking and additional storage solutions.

Cons

Significant Overpricing: The current listing price of $1,099,000 is approximately 21% above the estimated property value of $866,664, which may impact market appeal and negotiation leverage.
Modest Interior Square Footage: With 1381 sqft, the interior living space is relatively modest for a 3-bedroom single-family residence in this market, potentially limiting appeal for buyers seeking larger homes.
Potential for Age-Related Updates: Built in 1996, while some areas are updated, the property's age suggests that major systems (e.g., HVAC, roof, water heater) may be original or nearing end-of-life, potentially requiring future investment not explicitly mentioned as recently upgraded.

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