27921 Atherston, Mission Viejo, California 92692, Mission Viejo, 92692 - 4 bed, 3 bath
27921 Atherston
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 27921 Atherston, Mission Viejo, California 92692 reveals a Prime Investment Opportunity with a current list price of $1,649,000—significantly undercutting the $1,750,383 Fair Market Value by 5%. This valuation gap indicates a +$101,383 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27921 Atherston Subject | $1,649,000* List Price | 4 | 3 | 2,816 | $622 | - |
A 25091 Cheshire Sold | $1,430,000 | 4 | 3 | 2,499 | $572 | 0.1 mi |
B 25 Mirino Sold | $1,925,000 | 5 | 4 | 3,259 | $591 | 0.5 mi |
C 27911 Sheffield Active Under Contract | $1,399,000 List Price | 4 | 3 | 2,360 | $593 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1986, the property is functional but shows significant signs of age and deferred maintenance. The listing description explicitly states the home needs 'TLC' including new flooring, paint, and appliances. While it features some upgrades like a Viking stove and a PebbleTec pool, the overall interior style, cabinetry, and fixtures are dated and require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cul-de-Sac Location
Situated on a quiet street with only six homes, this property offers exceptional privacy, a large terraced corner lot, and exclusive access to Lake Mission Viejo amenities.
- Private Backyard Oasis
The oversized 9,375 sq. ft. lot features a premium PebbleTec pool and spa, providing a resort-like setting for outdoor entertaining and relaxation.
- Versatile and Spacious Layout
The 2,816 sq. ft. floor plan includes soaring ceilings, a convenient main-floor bedroom and bathroom, and a flexible upstairs recreation room suitable for a home office or gym.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Deferred Maintenance
The home requires significant TLC, including new flooring, paint, and appliances, which will necessitate additional immediate investment from the buyer.
- Solar Lease Assumption
The requirement for the buyer to assume an existing solar lease may complicate the financing process or be viewed as an ongoing financial liability.
About 27921 Atherston
PRIME LOCATION ON STUNNING CUL-DE-SAC STREET with only 6 HOUSES on STREET!! Rarely on the Market, Belvedere’s Largest Floor Plan with PebbleTec POOL & SPA! Welcome to your own PERSONAL PARADISE! This inviting residence offers a deep front yard and is set back from the street for added curb appeal and privacy, as well as being ideally positioned on a beautiful terraced corner lot. The home features 4 spacious bedrooms, including a convenient main-floor bedroom and bathroom. Upstairs, a versatile recreation room provides flexible space for a home office, media room, gym, or library. The open floor plan showcases soaring ceilings and abundant windows that fill the home with natural light. The spacious kitchen is designed for entertaining and includes a center island and Viking 6-burner stove. Additional highlights include formal living and dining rooms, plus a cozy den with fireplace adjacent to the kitchen. The primary suite features its own fireplace and a generously sized walk-in closet. Enjoy the oversized backyard with PebbleTec pool and spa—perfect for relaxing or entertaining. Approximate lot size is 9,375 sq. ft. Dual-pane windows and solar panels help with energy efficiency (Buyer to assume existing solar lease). Property needs some TLC, including paint, flooring, and appliances, offering a wonderful opportunity to customize and add value. Residents enjoy membership to the exceptional amenities of Lake Mission Viejo, including beaches, swimming, boating, fishing, paddle boarding, kayaking, seasonal events, and live concerts. Conveniently located near parks, top-rated schools, shopping, dining, and hiking trails. Adjacent to Pacific Hills Park as there is a walkway that leads up to that park. Schedule your private showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 9,375 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $221.87 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Philip J. Reilly Elementary/Special Education
Grades K-5 • 1.1 mi
Newhart Middle School
Grades 6-8 • 0.4 mi
Carl Hankey Middle School
Grades 6-8 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,816 | 1,902 | 83% |
| Lot Size | 9,375 | 4,950 | 97% |
| Price | $1.65M | $1.23M | 79% |
| Price per sq ft | $586 | $644 | 19% |
| Built year | 1986 | 1983 | 59% |
| HOA | $221.87 | $248 | 48% |
| Days on market | 9 | 149 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,649,000
Initial Listing