
Mission Viejo, California 92691
This Turnkey Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well below the $538,310 Fair Market Value by 7%. This valuation gap offers $39,310 in Instant Equity. Featuring a Condition Rating of 2, the home includes modern shaker cabinets, stainless appliances, and a rare detached 1-car garage. Residents enjoy Lake Mission Viejo membership and proximity to top-rated schools like Carl Hankey Middle. This is an ideal acquisition for first-time buyers or investors seeking a high-demand, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27823 Zircon 72 Subject | $499,000* List Price | 2 | 1 | 780 | $690 | - |
A 26848 26848 Alexandrite Sold | $575,000 | 2 | 1 | 780 | $737 | 0.2 mi |
B 27657 Aquamarine Sold | $515,000 | 1 | 1 | 780 | $660 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone a recent high-quality renovation (likely <5 years) featuring contemporary white shaker cabinets, stainless steel appliances, and modern laminate flooring. The interior is in mint, move-in-ready condition with updated systems including central air conditioning and a well-maintained water heater.
The unit is move-in ready with contemporary finishes including white shaker cabinets, stainless steel appliances, and laminate flooring, plus the added value of included appliances and a wall-mounted TV.
Rare for condominium living, this property features a detached 1-car garage plus two additional parking spaces, offering exceptional convenience for multi-vehicle households.
Residents enjoy access to the Hillcrest Village pool and spa, along with highly coveted membership to Lake Mission Viejo for boating, fishing, and exclusive summer concerts.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
At only 780 square feet for a two-bedroom configuration, the interior living space is relatively small, which may feel restrictive for some buyers or small families.
The $523 monthly association fee is a significant recurring cost that may impact overall affordability and the buyer's debt-to-income ratio compared to other local options.
Welcome to 27823 Zircon #72, a bright and move-in-ready 2-bedroom, 1-bath condominium in the highly desirable Hillcrest Village community of Mission Viejo. Filled with natural light, this inviting home features an open-concept layout, contemporary countertops, white shaker cabinets, stainless steel appliances, laminate flooring, central air conditioning, and a welcoming living room with a cozy fireplace. The primary bedroom offers a walk-in closet, while the second bedroom can be used as a guest room or home office. Additional highlights include a detached 1-car garage plus two additional parking spaces, a valuable feature for condo living. Residents enjoy the Hillcrest Village community pool, spa, and BBQ area, along with membership to Lake Mission Viejo, where you can enjoy boating, fishing, swimming, summer concerts, community events, and a variety of recreational activities throughout the year. The home includes the refrigerator, washer, dryer, and a wall-mounted TV in the living room, making your move even easier. Ideally located just minutes from Saddleback College, The Shops at Mission Viejo, restaurants, parks, and major commuter routes, this home is approximately 20 minutes from Dana Point and Capistrano Beach and about 25 minutes from Laguna Beach, offering easy access to Southern California’s beautiful coastline. Whether you’re a first-time homebuyer, looking to downsize, or an investor seeking a property in a high-demand rental market, this home is an outstanding opportunity. Competitively priced and offering an exceptional combination of location, comfort, and value, this is one you won’t want to miss.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 0.9 mi
Grades 6-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 780 | 1,369 |
| Lot Size | 83,240 | 70,876 |
| Price | $499.0K | $736.2K |
| Price per sq ft | $640 | $608 |
| Built year | 1985 | 1983 |
| HOA | $523.0 | $444 |
| Days on market | 14 | 55 |
Jul 8, 2026
$499,000
Initial Listing
Dec 30, 2019
$365,000
Public Record
Aug 10, 2016
$299,500
Public Record