
Mission Viejo, California 92692
This High-Potential Investment Opportunity is listed at a List Price of $975,000, positioned above the $911,511 Fair Market Value. While the property requires capital for completion, it features a Condition Rating of 4, including a high-end Sub-Zero kitchen foundation and modern smart-home infrastructure. Located in the Capistrano Unified School District near top-rated schools, this home offers significant upside for those capable of finishing the renovations. It is an ideal project for Value-Add Investors or Owner-Occupants seeking to build equity through strategic personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24192 Zancon Subject | $975,000* List Price | 3 | 2 | 1,120 | $814 | - |
A 23531 Via Murillo Active | $1,050,000 List Price | 3 | 2 | 1,546 | $679 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is in a state of partial renovation. While it features high-end updates like a Sub-Zero fridge, newer AC, and dual-paned windows, the kitchen is currently non-functional/incomplete (missing countertops), and the bathrooms and bedrooms remain in original or dated condition requiring further investment.
Situated on a quiet cul-de-sac just two blocks from a top-rated elementary school, the property includes Lake Mission Viejo membership, offering exclusive access to boating, beaches, and community events.
The home features significant mechanical and tech improvements, including a newer AC system, attic-relocated furnace for extra space, dual-paned windows, and Lutron smart-home lighting.
The kitchen has been upgraded with premium features including a Sub-Zero refrigerator and luxury vinyl plank flooring, providing a high-quality base for the final finishing touches.
The property is in a mid-renovation state, requiring the installation of kitchen countertops and full updates to the bathrooms and bedroom flooring to be truly move-in ready.
At 1,120 square feet, the interior living space is relatively small for a three-bedroom home, which may limit appeal for buyers seeking more spacious communal areas.
Welcome to 24912 Zancon. This single-level, cul-de-sac home sits on a larger lot just two blocks from Reilly Elementary School in the heart of Mission Viejo. Offering a combination of quality improvements and original finishes, this property presents an excellent opportunity for a new owner to complete the updates and create a home that reflects their own style. Updates include a remodeled kitchen with Sub-Zero refrigerator, dual-paned windows, and luxury vinyl plank flooring throughout the kitchen, living room and hallway. Smart-home features include Lutron lighting and an app-connected climate control system. AC is newer and furnace has been relocated to attic for added space. Property is fully repiped and has a tankless water heater. The kitchen remodel is ready for completion with the addition of countertops, while the bathrooms and bedroom flooring offer further opportunities for updating and personalization. Conveniently located near schools, shopping, dining, recreation and entertainment. Lake Mission Viejo membership provides access to boating, water sports, beaches, concerts and year-round community activities. An excellent opportunity to bring your vision to a well-located single-level home in the heart of Mission Viejo.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.4 mi
Grades 6-8 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,120 | 1,991.55 |
| Lot Size | 5,805 | 6,066.337 |
| Price | $975.0K | $1.37M |
| Price per sq ft | $871 | $682 |
| Built year | 1979 | 1977 |
| HOA | $159.0 | $221 |
| Days on market | 9 | 47 |
Aug 31, 2026
$975,000
Initial Listing
Jan 31, 2005
$524,000
Public Record
Feb 9, 2000
$167,500
Public Record
Mar 31, 1994
$1,000
Public Record