27 Tradition, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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27 Tradition
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,741Sq Ft
2,805Lot Size
Property Price
LIST PRICE$1,198,000
EST. MARKET VALUE
$1,180,847
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $1,198,000—positioned above the $1,125,714 Fair Market Value. While priced at a premium, the property offers a stable entry into the highly desirable Las Flores community. Featuring an open-concept layout, flexible loft space, and access to Blue Ribbon Schools within the Capistrano Unified district, the home provides a high-quality lifestyle. With a Condition Rating of 4, it is well-maintained but offers room for cosmetic updates. This is an ideal acquisition for Owner-Occupants or growing families seeking a long-term, amenity-rich residence.
Estimated Market Value
$1,180,847
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 |
|---|---|---|---|---|---|---|
★ 27 Tradition Subject | $1,198,000* List Price | 3 | 3 | 1,741 | $678 | - |
A 44 Willowbrook Lane Sold | $1,129,900 | 3 | 3 | 1,397 | $809 | 0.3 mi |
B 10 Willowbrook Sold | $1,095,000 | 3 | 3 | 1,470 | $745 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1998 (26 years old), placing it in the >20y category. While the listing describes it as well-maintained with fresh paint and stainless steel appliances, the kitchen features original oak cabinetry and dated tile flooring. No major renovations to the kitchen or bathrooms are mentioned or visible to suggest a 'Good' rating under the specific age/reno criteria provided.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Schools
Situated in the highly desirable Las Flores community, the property is within walking distance to award-winning Blue Ribbon schools, offering significant long-term value and appeal for families.
- Versatile Interior Layout
The home features an open-concept main level, a dedicated second-floor laundry, and a flexible loft space that can easily serve as a home office, gym, or additional media room.
- Resort-Style Amenities
Residents benefit from premium community features including pools, spas, parks, and hiking trails, providing a high-quality lifestyle with a relatively low monthly association fee.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Limited Lot Size
With a lot size of only 2,805 square feet, the outdoor space is relatively modest, which may be a drawback for buyers seeking a large private backyard or extensive gardening area.
- High Price Per Square Foot
At a list price of nearly $1.2M for 1,741 square feet, the property commands a premium price point that may feel restrictive for buyers prioritizing maximum interior living space.
About 27 Tradition
Welcome to Tradition Lane in the sought after Las Flores Community! This well maintained 3 Bed/3 Bath home is located in an Award Winning School District and top-rated Blue Ribbon Schools with resort like amenties. You'll enjoy parks, hiking trails, pools, spa and playgrounds. Freshly painted, the main level features an open concept kitchen with stainless steel appliances, casual dining area and TV room with a fireplace. The main level bathroom adds practicality for guests and daily use while the soaring ceilings in the living room provide a room filled with natural light, perfect for entertaining and enjoying your time at home. Upstairs you can retreat to your expansive primary bedroom and on-suite bathrom with a newly remodeled closet. Relax in the soaking tub, appreciate dual sinks and a separte shower. You will also enjoy 2 more bedrooms, a second bathroom and addiontal loft space to be used as an office, tv room or whatever suits your needs! A dedicated laundry room is conveniantly located on the 2nd floor. This amazing home is located just a short distance to Las Flores Elementary and Middle Schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 2,805 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $118.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Las Flores Elementary School
Grades K-5 • 0.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,741 | 2,052.721 |
| Lot Size | 2,805 | 5,381.721 |
| Price | $1.20M | $1.36M |
| Price per sq ft | $688 | $654 |
| Built year | 1998 | 1994 |
| HOA | $118.0 | $146 |
| Days on market | 41 | 53 |
Pricing History
Listed for Sale
Jul 30, 2026
$1,198,000
Initial Listing
Sold
Aug 27, 2007
$625,000
Public Record
Sold
Jul 7, 2004
$620,000
Public Record