26896 Park Terrace Lane, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 3 bath

26896 Park Terrace Lane, Mission Viejo, California 92692 home-pic-0
ACTIVE$725,000
26896 Park Terrace Lane, Mission Viejo, California 92692
2Beds
3Baths
1,317Sqft
18,392Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location & Local Amenities: Prime Mission Viejo location offering convenient access to local dining, cafes, groceries, The Shops at Mission Viejo, parks, and hiking trails.
Top Cons:
Significant Monthly Association Fee: The $435 monthly association fee is substantial and adds a considerable recurring cost to homeownership, which may deter some buyers.

Compared to the nearby listings

Price:$725.0K vs avg $822.5K ($-97,500)33%
Size:1,317 sqft vs avg 1,334.5 sqft50%
Price/sqft:$550 vs avg $60633%

More Insights

Built in 1992 (33 years old).
Condition: Built in 1992, this property is 32 years old. While the kitchen features granite countertops, the cabinets appear dated, and the overall aesthetic, including the fireplace tile, worn carpets in the bedrooms, and dated bathroom vanities and flooring (likely vinyl/linoleum), suggests that any renovations were not recent or comprehensive. The home is maintained and functional but shows its age and would benefit from cosmetic updates to meet current styles and standards.
Year Built
1992
Close
-
List price
$725K
Original List price
$800K
Price/Sqft
$550
HOA
$435
Days on market
-
Sold On
-
MLS number
LG25165534
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

This two-story townhome in Emerald Pointe offers the perfect balance of privacy and community amenities in a prime Mission Viejo location. Arrive to your 2-car attached garage with ample guest parking and a sunny, fenced front patio overlooking lush community landscaping. Inside, the light and open living area features a fireplace and a bay window, flowing into the dining area with bar countertop perfect for casual bites and conversation. The kitchen has a thoughtful layout with granite countertops and gas range. The lower level also includes a powder bath and direct garage access. Upstairs, two spacious bedroom suites each offer vaulted ceilings, generous closets, and private ensuite bathrooms. This layout provides larger suites than the 3-bedroom units in the neighborhood. Outside, your secluded patio is perfect for grilling and relaxation, with two community pools close by. Enjoy Lake Mission Viejo privileges including hiking, fishing, boating, and concerts in the park. Top-rated schools including Carl Hankey K-8 less than a mile away. Easy access to local dining, cafes, groceries, The Shops at Mission Viejo, parks, and hiking trails. An outstanding opportunity!

Nearby schools

6/10
Carl Hankey Elementary School
Public,K-50.3mi
8/10
Carl Hankey Middle School
Public,6-80.3mi
7/10
Newhart Middle School
Public,6-81.9mi
7/10
Capistrano Valley High School
Public,9-122.5mi
Condition Rating
Fair

Built in 1992, this property is 32 years old. While the kitchen features granite countertops, the cabinets appear dated, and the overall aesthetic, including the fireplace tile, worn carpets in the bedrooms, and dated bathroom vanities and flooring (likely vinyl/linoleum), suggests that any renovations were not recent or comprehensive. The home is maintained and functional but shows its age and would benefit from cosmetic updates to meet current styles and standards.
Pros & Cons

Pros

Exceptional Location & Local Amenities: Prime Mission Viejo location offering convenient access to local dining, cafes, groceries, The Shops at Mission Viejo, parks, and hiking trails.
Exclusive Lake Mission Viejo Privileges: Residents enjoy exclusive access to Lake Mission Viejo amenities, including hiking, fishing, boating, and concerts in the park, enhancing lifestyle appeal.
Highly-Rated School District: Zoned for top-rated Capistrano Unified schools, with Carl Hankey K-8 and Middle School less than a mile away, making it attractive for families.
Well-Designed & Spacious Interiors: Features an open living area with a fireplace and bay window, a kitchen with granite countertops and gas range, and two generously sized bedroom suites with vaulted ceilings and private ensuite bathrooms.
Community & Private Outdoor Living: Includes a fenced front patio, a secluded rear patio for grilling, access to two community pools, a 2-car attached garage, and ample guest parking.

Cons

Significant Monthly Association Fee: The $435 monthly association fee is substantial and adds a considerable recurring cost to homeownership, which may deter some buyers.
History of Price Reductions: Multiple price reductions from the original list price of $799,900 to $725,000 may suggest initial overpricing or extended market time, potentially impacting buyer perception.
Townhome Configuration: As a townhome, it inherently involves shared walls and a smaller private outdoor footprint compared to a detached single-family home, which might not appeal to all buyer preferences.

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