26661 Carretas, Mission Viejo, California 92691, Mission Viejo, 92691 - 4 bed, 3 bath

26661 Carretas, Mission Viejo, California 92691 home-pic-0
ACTIVE$1,299,000$2,373/sqft
Est. Value: $1,360,952
4%
BelowEstimate
26661 Carretas, Mission Viejo, California 92691
4Beds
3Baths
2,373Sqft
13,706Lot

Price Vs. Estimate

The estimated value ($1,360,952.265) is $61,952.265 (4%) higher than the list price ($1,299,000). This property may be underpriced.

Key pros and cons

Top Pros:
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 = 13706, living area = 2373.
Top Cons:
Non-Operational Pool: The existing pool is currently not operational, requiring significant investment for repair, renovation, or conversion, which could be a considerable expense for the buyer.

Compared to the nearby listings

Price:$1.30M vs avg $1.33M ($-27,500)45%
Size:2,373 sqft vs avg 1,991 sqft65%
Price/sqft:$547 vs avg $66319%

More Insights

Built in 1966 (60 years old).
Condition: Built in 1966, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original or very old white cabinets, tile countertops, and dated white appliances. All bathrooms are severely outdated with old fixtures, tile, and finishes (e.g., gold trim, full-wall mirrors, basic vanities). Flooring consists of worn carpet and dated tile/linoleum throughout. While major systems (roof, plumbing, electrical) are stated to be in working condition, the non-operational pool and extensive cosmetic and functional obsolescence necessitate a full-scale renovation to meet modern standards.
Year Built
1966
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$547
HOA
-
Days on market
-
Sold On
-
MLS number
OC26000468
Home ConditionPoor
Features
Good View: Hills
Pool
Patio
ViewHills

About this home

Located in one of Mission Viejo’s most desirable neighborhoods, 26661 Carretas Drive offers a rare opportunity to secure a well priced home with strong upside potential. Recent matching floor plans in the neighborhood have sold or are currently offered between $1.32M and $1.85M, positioning this property as an exceptional value. The home’s major systems including the roof, plumbing, and electrical are in working condition, allowing a buyer to move in and enjoy the home immediately. Whether the plan is to live comfortably as is, make selective cosmetic updates over time, or pursue a full scale renovation, the flexibility is entirely yours. The home features five bedrooms and three bathrooms with a spacious, light filled layout that already flows extremely well, eliminating the need to remove or relocate walls. The open floor plan creates a natural connection between living spaces, while the kitchen integrates seamlessly with the rest of the home, making it ideal for both everyday living and entertaining. Outside, the private backyard offers beautiful west facing views and a pool area with excellent potential. The pool is currently not operational, presenting a blank canvas for renovation, redesign, or conversion into a large lawn. This outdoor space has the foundation to become a true retreat for relaxing, entertaining, enjoying the California climate, and taking in sunset views. Set within a quiet, family friendly community, the home is within walking distance of top rated Class A schools and just minutes from shopping, dining, and entertainment at the Mission Viejo Mall and The Shops at Mission Viejo. Lake Mission Viejo is also nearby, offering boating, fishing, and year round outdoor activities. This is a rare chance to purchase a livable home today with the option to customize tomorrow, all in one of Mission Viejo’s most sought after neighborhoods.

K
Kirk Schilling
Listing Agent

Nearby schools

9/10
De Portola Elementary School
Public,K-60.3mi
7/10
La Paz Intermediate School
Public,7-80.4mi
7/10
Mission Viejo High School
Public,9-120.5mi
Condition Rating
Poor

Built in 1966, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original or very old white cabinets, tile countertops, and dated white appliances. All bathrooms are severely outdated with old fixtures, tile, and finishes (e.g., gold trim, full-wall mirrors, basic vanities). Flooring consists of worn carpet and dated tile/linoleum throughout. While major systems (roof, plumbing, electrical) are stated to be in working condition, the non-operational pool and extensive cosmetic and functional obsolescence necessitate a full-scale renovation to meet modern standards.
Pros & Cons

Pros

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 = 13706, living area = 2373.
Great Schools: Elementary School: De Portola Elementary School (9/10).
Desirable Location: Situated in one of Mission Viejo’s most sought-after, family-friendly neighborhoods, offering walking distance to top-rated schools and minutes from shopping, dining, and Lake Mission Viejo.
Strong Investment Value: Positioned as an exceptional value with strong upside potential, given comparable neighborhood sales ranging from $1.32M to $1.85M.
Functional Core Systems: Major systems, including the roof, plumbing, and electrical, are in working condition, allowing for immediate occupancy without critical repairs.
Flexible & Spacious Layout: Features a spacious, light-filled open floor plan with five bedrooms and three bathrooms that flows well, ideal for both everyday living and entertaining, and adaptable for future customization.
Private Backyard with Views: Offers a private west-facing backyard with beautiful sunset views and a pool area presenting excellent potential for renovation or redesign.

Cons

Non-Operational Pool: The existing pool is currently not operational, requiring significant investment for repair, renovation, or conversion, which could be a considerable expense for the buyer.
Cosmetic Updates Required: While livable, the property suggests the need for selective cosmetic updates or a full-scale renovation to modernize its aesthetics and maximize its value.
Property Age: Built in 1966, the home may require updates to meet contemporary design preferences and energy efficiency standards, despite functional major systems.
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