26998 El Retiro, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
ACTIVE$990,000$1,325/sqft
Est. Value: $990,000
%
FairlyEstimate
26998 El Retiro, Mission Viejo, California 92692
2Beds
2Baths
1,325Sqft
5,588Lot
Price Vs. Estimate
The estimated value ($990,000) is $0 (0%) lower than the list price ($990,000). This property may be overpriced.
Key pros and cons
Top Pros:
Recent Major Upgrades: The property boasts significant recent upgrades including a new roof (2023), new driveway, new tankless water heater, and new HVAC system, minimizing immediate maintenance concerns for buyers.
Top Cons:
History of Price Reductions: The property has undergone multiple price adjustments, including a significant drop from $1.1M to $990K, which could suggest previous overpricing or market resistance.
Compared to the nearby listings
Price:$990.0K vs avg $1.20M ($-209,900)30%
Size:1,325 sqft vs avg 1,803 sqft12%
Price/sqft:$747 vs avg $64182%
More Insights
Built in 1976 (50 years old).
Condition: The property, built in 1976, benefits from significant recent upgrades to major systems, including a new roof (2023), new HVAC, and a new tankless water heater, ensuring it is move-in ready with functional and modern core components. One bathroom has also been recently updated with contemporary fixtures and a glass-enclosed shower. However, the kitchen features older wooden cabinets and appliances, and the flooring (dated green carpet and terra cotta-style tile) and wall colors are outdated, indicating that a full cosmetic renovation has not been completed throughout the entire home. While some aesthetic updates are needed, the substantial investment in critical infrastructure elevates its condition to 'Good'.
Year Built
1976
Close
-
List price
$990K
Original List price
$1.07M
Price/Sqft
$747
HOA
$114
Days on market
-
Sold On
-
MLS number
CV25243614
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Welcome to your forever single-level home nestled in a highly desirable area of Mission Viejo with low HOA fees and the beloved Southern California breeze! This 1,256 SqFt home sits on a 5,588 SqFt lot boasting curb appeal with welcoming warm tones and drought-tolerant landscaping. Offering new roof installed 2023, new driveway, new tankless water heater and new HVAC. Majority of your major amenities have been recently replaced. Property is move-in ready conveniently located near parks, lakes, freeways, toll roads, shopping, dining, and everything that makes Mission Viejo one of SoCal’s most desirable communities.
J
Joshua Merideth
Listing Agent
Nearby schools
6/10
Carl Hankey Elementary School
Public,•K-5•0.1mi
8/10
Carl Hankey Middle School
Public,•6-8•0.1mi
7/10
Newhart Middle School
Public,•6-8•2.0mi
7/10
Capistrano Valley High School
Public,•9-12•2.3mi
Condition Rating
Good
The property, built in 1976, benefits from significant recent upgrades to major systems, including a new roof (2023), new HVAC, and a new tankless water heater, ensuring it is move-in ready with functional and modern core components. One bathroom has also been recently updated with contemporary fixtures and a glass-enclosed shower. However, the kitchen features older wooden cabinets and appliances, and the flooring (dated green carpet and terra cotta-style tile) and wall colors are outdated, indicating that a full cosmetic renovation has not been completed throughout the entire home. While some aesthetic updates are needed, the substantial investment in critical infrastructure elevates its condition to 'Good'.
Pros & Cons
Pros
Recent Major Upgrades: The property boasts significant recent upgrades including a new roof (2023), new driveway, new tankless water heater, and new HVAC system, minimizing immediate maintenance concerns for buyers.
Prime Mission Viejo Location: Situated in a highly desirable area of Mission Viejo, offering convenient access to parks, lakes, freeways, toll roads, shopping, and dining, enhancing lifestyle and community appeal.
Low Homeowners Association Fees: The property benefits from attractive low HOA fees ($114), contributing to more affordable monthly ownership costs compared to many other communities.
Single-Level & Move-in Ready: Offers the sought-after convenience of single-level living and is described as move-in ready, appealing to a broad range of buyers seeking immediate occupancy.
Strong School Ratings: Located within the reputable Capistrano Unified High School District, with highly-rated elementary and middle schools (e.g., Carl Hankey Middle School rated 8) in close proximity.
Cons
History of Price Reductions: The property has undergone multiple price adjustments, including a significant drop from $1.1M to $990K, which could suggest previous overpricing or market resistance.
Modest Square Footage: At 1,325 SqFt, the home offers relatively limited living space for a single-family residence, potentially restricting its appeal to buyers desiring more expansive interiors.
Limited Bedroom Count: With only 2 bedrooms, the property may not adequately accommodate larger families or those requiring additional rooms for guests, home offices, or other flexible spaces.