241 Pasto Rico, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 3 bath
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241 Pasto Rico
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,091Sq Ft
107,098Lot Size
Property Price
LIST PRICE$680,000
EST. MARKET VALUE
$646,044
5% AboveMARKET VALUE
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $680,000—positioned well above the $646,045 Fair Market Value by 5%. While priced at a premium, the property offers a Condition Rating of 4, featuring a newer HVAC and fresh paint, though the kitchen remains dated. Located in the desirable Serabrisa community, it provides a Dual En-Suite Layout and Exceptional Privacy with no shared walls. With access to Top-Rated Schools like Arroyo Vista Middle (9/10), this is an ideal acquisition for Owner-Occupants or first-time buyers seeking a lifestyle-focused residence.
Estimated Market Value
$646,044
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Pasto Rico Subject 2 bd · 3 ba · 1,091 sqft · $592 | $680,000* List Price | 2 | 3 | 1,091 | $592 | - |
A 34 Via Solaz Sold 2 bd · 2 ba · 971 sqft · $617 · 0.1 mi | $599,000 | 2 | 2 | 971 | $617 | 0.1 mi |
B 107 Pomelo Sold 2 bd · 3 ba · 1,133 sqft · $644 · 0.4 mi | $730,000 | 2 | 3 | 1,133 | $644 | 0.4 mi |
C 166 Via Contento Sold 2 bd · 2 ba · 1,117 sqft · $586 · 0.2 mi | $655,000 | 2 | 2 | 1,117 | $586 | 0.2 mi |
D 98 Pasto Rico Sold 2 bd · 2 ba · 1,032 sqft · $580 · 0.1 mi | $599,000 | 2 | 2 | 1,032 | $580 | 0.1 mi |
E 28 Via Alivio Sold 2 bd · 2 ba · 971 sqft · $582 · 0.2 mi | $565,000 | 2 | 2 | 971 | $582 | 0.2 mi |
F 147 Via Contento Sold 2 bd · 2 ba · 1,117 sqft · $613 · 0.2 mi | $685,000 | 2 | 2 | 1,117 | $613 | 0.2 mi |
G 1 Baya Active 2 bd · 2 ba · 1,047 sqft · $544 · 0.3 mi | $569,999 List Price | 2 | 2 | 1,047 | $544 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989, the property is over 30 years old and maintains a dated kitchen with white tile countertops and older cabinetry. While the HVAC is newer and the interior has fresh paint and updated flooring, the kitchen and bathrooms require modernization to move beyond 'dated' status.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Exceptional Privacy
This rare perimeter unit offers superior privacy with no neighbors located above, below, or immediately behind the residence.
- Dual En-Suite Layout
Both bedrooms feature private en-suite bathrooms, providing a highly functional floor plan ideal for roommates, guests, or small families.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =107098, other record lot size in square feet = 2701.
- High Association Fees
The monthly HOA fee of $583 represents a significant recurring cost that may impact the debt-to-income ratio for some buyers.
- Compact Living Space
At 1,091 square feet, the interior space may feel restrictive for buyers transitioning from larger homes or those requiring a dedicated home office.
About 241 Pasto Rico
Discover the perfect blend of comfort, privacy, and lifestyle at 241 Pasto Rico. A rare opportunity to enjoy added privacy in a desirable perimeter location with no neighbors above, below, or immediately behind you! Offering 2 bedrooms, 2.5 bathrooms, 1091 sq ft, a private patio, and located in the Serabrisa community of Rancho Santa Margarita, this inviting residence provides a versatile floor plan offering comfortable living and entertaining options for you to put your personal touches on and complete your perfect home. The home’s interior has been newly painted, the HVAC system is newer, both bedrooms have en-suite bathrooms adding privacy and convenience, and the living room gas fireplace enhances a cozy and romantic environment. You’ll enjoy the best of Rancho Santa Margarita living with this home’s location just moments from the picturesque Rancho Santa Margarita Lake, Lago Santa Margarita Beach Club, Tijeras Creek Golf Course, scenic trails, parks, shopping, dining, community, amenities, and award-winning schools. The resort-inspired lifestyle that makes Rancho Santa Margarita so sought after can be realized with this home’s welcoming community atmosphere and amenities like the Serabrisa community pool, spa, barbecue, and Tot-lot designed to encourage social interaction and make every day feel like a getaway. This home presents an exceptional opportunity and combination of privacy, convenience, and quintessential Southern California living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 107,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $583.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.1 mi
7/10
Arroyo Vista Middle School
Grades 6-8 • 0.1 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,091 | 1,056.017 |
| Lot Size | 107,098 | 26,968.576 |
| Price | $680.0K | $672.1K |
| Price per sq ft | $623 | $625 |
| Built year | 1989 | 1990 |
| HOA | $583.0 | $470 |
| Days on market | 11 | 54 |
Pricing History
Listed for Sale
Oct 14, 2026
$680,000
Initial Listing
Sold
Aug 29, 2003
$280,000
Public Record
Sold
Jul 31, 1998
$134,500
Public Record