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27951 Mazagon 162, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath

27951 Mazagon 162, Mission Viejo, California 92692 home-pic-0
ACTIVE$955,000
27951 Mazagon 162, Mission Viejo, California 92692
2Beds
2Baths
1,255Sqft
854,021Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Lakefront Location & Views: The property boasts a prime location along Mission Viejo Lake, offering breathtaking lake views from the unit's balcony, which is a significant lifestyle and value enhancer.
Top Cons:
Property Age: Built in 1978, the property's age may suggest that some interior finishes or systems could be original and might require future updates or renovations to meet modern standards.

Compared to the nearby listings

Price:$955.0K vs avg $847.5K (+$107,500)76%
Size:1,255 sqft vs avg 1,351 sqft33%
Price/sqft:$761 vs avg $60987%

More Insights

Built in 1978 (47 years old).
Condition: Built in 1978, this condo shows its age with outdated bathroom fixtures, lighting, and vanity styles, suggesting a need for cosmetic updates. While the wood-look laminate flooring is a positive update, the overall aesthetic in key areas like the bathrooms is clearly from an older era. The property appears well-maintained and functional, but it requires minor updates to meet current design standards. There are no visible signs of major disrepair or structural issues, making it livable but not move-in ready without some renovation.
Year Built
1978
Close
-
List price
$955K
Original List price
$955K
Price/Sqft
$761
HOA
$579
Days on market
-
Sold On
-
MLS number
DW25062279
Home ConditionFair
Features
Excellent View: Lake, Pool
Deck
ViewLake, Pool

About this home

Welcome to Finisterra on the Lake, a highly sought-after condominium community nestled along the serene shores of Mission Viejo Lake. This 1,255 sq. ft. 2-bedroom, 2-bathroom condo offers breathtaking lake views, a peaceful atmosphere, and fantastic amenities for the ultimate lakeside lifestyle. Inside, you'll find a private upstairs loft, perfect for a home office or creative space. The spacious living room features high ceilings and direct access to a balcony with stunning lake views, ideal for relaxing or entertaining. The unit also includes a one-car garage downstairs with an additional covered carport nearby for extra convenience. Residents of Finisterra on the Lake enjoy access to a community pool, as well as exclusive boating and paddleboarding opportunities on the lake. The neighborhood is quiet and tranquil, making it the perfect place to unwind—or even retire in style. Don't miss your chance to own a slice of lakeside paradise in Mission Viejo!

Nearby schools

7/10
Castille Elementary School
Public,•K-5•1.1mi
7/10
Newhart Middle School
Public,•6-8•1.8mi
8/10
Carl Hankey Middle School
Public,•6-8•3.9mi
7/10
Capistrano Valley High School
Public,•9-12•6.0mi
Condition Rating
Fair
Built in 1978, this condo shows its age with outdated bathroom fixtures, lighting, and vanity styles, suggesting a need for cosmetic updates. While the wood-look laminate flooring is a positive update, the overall aesthetic in key areas like the bathrooms is clearly from an older era. The property appears well-maintained and functional, but it requires minor updates to meet current design standards. There are no visible signs of major disrepair or structural issues, making it livable but not move-in ready without some renovation.
Pros & Cons

Pros

Exceptional Lakefront Location & Views: The property boasts a prime location along Mission Viejo Lake, offering breathtaking lake views from the unit's balcony, which is a significant lifestyle and value enhancer.
Exclusive Community Amenities: Residents benefit from access to a community pool and exclusive lake privileges for boating and paddleboarding, providing desirable recreational opportunities.
Versatile Loft Space: The private upstairs loft offers flexible space, ideal for a home office, creative studio, or additional living area, adding functional value to the unit.
Convenient Parking: The unit includes a private one-car garage and an additional covered carport, providing ample and secure parking, which is a notable convenience for condominium living.
Tranquil & Desirable Community: Located in the quiet, peaceful, and highly sought-after Finisterra on the Lake community, appealing to buyers seeking a serene and established environment.

Cons

Property Age: Built in 1978, the property's age may suggest that some interior finishes or systems could be original and might require future updates or renovations to meet modern standards.
High Monthly HOA Fees: The association fee of $579.0 per month is substantial, adding a significant recurring cost to homeownership that could impact affordability for some buyers.
Limited Bedroom Count: As a 2-bedroom unit, it may not cater to larger families or those requiring more dedicated sleeping spaces, potentially limiting the target buyer demographic.

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