27886 Violet 175, Mission Viejo, California 92691, Mission Viejo, 92691 - 2 bed, 2 bath
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Mission Viejo, California 92691
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $735,000—positioned well below the $750,000 Fair Market Value by 2%. This valuation gap offers $15,000 in Instant Equity. With a Mint Condition Rating following $70,000 in recent upgrades, including new HVAC and windows, this home offers a worry-free lifestyle. Residents enjoy premium amenities, including Lake Mission Viejo access and proximity to Trabuco Hills High School. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27886 Violet 175 Subject | $735,000* List Price | 2 | 2 | 1,206 | $622 | - |
A 27906 Amber 231 Sold | $650,000 | 2 | 2 | 1,206 | $539 | 0.1 mi |
B 27844 Violet 155 Sold | $625,000 | 2 | 2 | 942 | $663 | 0.2 mi |
C 27811 Hazel Sold | $899,900 | 3 | 3 | 1,300 | $692 | 0.1 mi |
D 27977 Ivory 264 Sold | $580,000 | 2 | 1 | 840 | $690 | 0.2 mi |
E 27873 Auburn 99 Sold | $636,000 | 2 | 2 | 942 | $675 | 0.2 mi |
F 27897 Cinnamon Active | $589,000 List Price | 2 | 1 | 800 | $736 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1986, the property underwent significant high-capital renovations within the last 2-3 years (2023-2024), including a new HVAC system, full re-piping, and new windows. With $70,000 in recent upgrades, including an EV charger and modern office built-ins, the home is in mint, move-in condition with no deferred maintenance.
Nearly $70,000 in recent upgrades, including new windows, full re-piping, a 2023 AC unit, and an EV charger, provide significant value and reduce immediate maintenance concerns for the buyer.
This two-story unit offers enhanced privacy with no neighbors above and features a functional open floor plan with a dedicated loft/den ideal for a modern home office.
The property includes access to extensive HOA amenities and the highly coveted Lake Mission Viejo membership, offering resort-style living near top-rated schools and shopping.
While the property includes a private garage, it lacks direct interior access to the unit, which may be a drawback for buyers prioritizing convenience and security.
The property has been on the market for 45 days and has already undergone a price reduction, indicating potential challenges in aligning with current buyer price expectations.
Nice property located in the desirable Rainbow Ridge community,near Trabuco Hills Center and Portola Plaza .Close to major shopping centers and restaurants, schools and parks, hiking and biking trails. Two bedrooms and two bath upstairs two-story unit with a private balcony with no one above. Open floor plan, plenty of large windows make this home plenty of natural light and very bright. Spacious living room with a dining room area. Nice kitchen with spotlights and stainless steel appliances.. Master bedroom a very nice view and a separate den/loft that could be used as a home office. The secondary bedroom is filled with natural light. Washer and dryer located inside the unit. The one-car garage has its own electrical charger for your convenience and is attached to the building but with no direct access to the property. Seller did many updates on the property including installing a new air conditioner unit on 2023, new re-piping and new windows on 2024, new dresser in both bedrooms, installation of the electric car charger and the office space upgrade totalling to almost $70,000. Well-maintained community with amenities such as 2 pools, spa, picnic areas, and basketball court. The new owners can enjoy the Lake Mission Viejo membership with boat rentals, fishing and many more atractions.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 4.1 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,206 | 1,024 | 69% |
| Lot Size | 1 | 102,353 | 14% |
| Price | $735.0K | $607.0K | 76% |
| Price per sq ft | $609 | $603 | 50% |
| Built year | 1986 | 1981 | 81% |
| HOA | $505.0 | $480 | 57% |
| Days on market | 70 | 145 | 14% |
May 22, 2026
$735,000
$750,000
-2% Price Drop
Initial Listing
Apr 7, 2026
$750,000
Initial Listing
Aug 7, 2013
$350,000
Public Record
May 3, 2010
$251,500
Public Record
Aug 21, 2001
$210,000
Public Record