27897 Cinnamon, Mission Viejo, California 92691, Mission Viejo, 92691 - 2 bed, 1 bath
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27897 Cinnamon
Mission Viejo, California 92691
ACTIVE
CONDITION: GOOD
2Beds
1Baths
800Sq Ft
311,358Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$544,569
8% AboveMARKET VALUE
SUMMARY
This well-maintained condominium represents a Strong Value Opportunity, listed at $565,000—positioned well above the $527,842 Fair Market Value by 7%. While the property is priced slightly above market, its Condition Rating of 3 and prime location near Trabuco Hills High School (rated 8/10) offer long-term stability. Residents enjoy exclusive Lake Mission Viejo membership and scenic Park/Greenbelt views. This versatile, move-in ready residence is an ideal acquisition for first-time buyers or owner-occupants seeking a lifestyle-focused home in a highly desirable community.
Estimated Market Value
$544,569
Based on Realkey algorithm analyzing recent comparable sales in Mission Viejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27897 Cinnamon Subject 2 bd · 1 ba · 800 sqft · $681 | $589,000* List Price | 2 | 1 | 800 | $681 | - |
A 27868 Auburn Sold 2 bd · 1 ba · 800 sqft · $613 · 0.0 mi | $490,000 | 2 | 1 | 800 | $613 | 0.0 mi |
B 27974 Crimson Sold 2 bd · 2 ba · 942 sqft · $653 · 0.1 mi | $615,000 | 2 | 2 | 942 | $653 | 0.1 mi |
C 27844 Violet 155 Sold 2 bd · 2 ba · 942 sqft · $663 · 0.1 mi | $625,000 | 2 | 2 | 942 | $663 | 0.1 mi |
D 27808 Violet 133 Active 2 bd · 1 ba · 840 sqft · $701 · 0.1 mi | $589,000 List Price | 2 | 1 | 840 | $701 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1981, the property is described as beautifully maintained and move-in ready. Interior images show updated wood-look flooring, and the description of a functional kitchen and open layout suggests the unit has been well-kept or partially updated within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Lake Mission Viejo Membership
Ownership includes exclusive access to Lake Mission Viejo, providing residents with premium amenities such as private beaches, boating, paddleboarding, and seasonal community concerts.
- Prime Walkability and Location
The property boasts excellent convenience, situated within a 5-minute walk to local shopping plazas and just a short 27-minute drive to the coastal attractions of Laguna Beach.
- Versatile Living Space
The open-concept layout and flexible second bedroom design allow the home to easily adapt to various needs, serving effectively as a guest room, home office, or living area extension.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The residence features only one bathroom for two bedrooms, which may be a significant drawback for roommates or families requiring more privacy and convenience.
- Compact Square Footage
At 800 square feet, the interior living space is relatively modest for a two-bedroom unit, potentially limiting furniture options and overall storage capacity.
About 27897 Cinnamon
Welcome to this beautifully maintained upper-level condo in the desirable Rainbow Ridge community of Mission Viejo. This thoughtfully maintained 2-bedroom residence offers a flexible, functional layout designed to adapt to the rhythms of everyday life. The open-concept layout creates a bright, airy feel. The second bedroom lends itself effortlessly to a variety of uses, whether as a home office, guest room, or an extension of the main living space, providing versatility to fit a range of needs. The kitchen is both practical and inviting, offering generous workspace, ample cabinetry, and a natural flow into the dining and living areas, making it well suited for both daily routines and casual gatherings. The unit includes a washer. Residents of Rainbow Ridge can enjoy the ease of access to a nearby shopping plaza without a long drive. The shopping plaza is within 5 minuts walk or less than 3 minutes drive. The drive to Laguna Beach is only about 27 minutes or less. Residents of Rainbow Ridge enjoy access to community pools and a spa. Ownership also includes membership to Lake Mission Viejo, offering access to private beaches, boating, paddleboarding, summer concerts, and a variety of seasonal events and recreational activities throughout the year.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 311,358 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $505.0 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Del Lago Elementary School
Grades K-6 • 0.9 mi
5/10
La Paz Intermediate School
Grades 7-8 • 4.2 mi
7/10
Trabuco Hills High School
Grades 9-12 • 0.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,240.63 |
| Lot Size | 311,358 | 97,777.444 |
| Price | $589.0K | $756.5K |
| Price per sq ft | $736 | $613 |
| Built year | 1981 | 1987 |
| HOA | $505.0 | $512 |
| Days on market | 53 | 59 |
Pricing History
Listed for Sale
Oct 13, 2026
$589,000
$565,000
+4% Price Increase
Initial Listing
Price Change
Sep 2, 2026
$565,000
Initial Listing
Sold
Sep 25, 2023
$536,000
Public Record
Sold
Oct 31, 2017
$345,000
Public Record
Sold
Nov 12, 1998
$101,000
Public Record
Sold
Aug 14, 1996
$51,500
Public Record