
Mission Viejo, California 92691
This Strong Value Opportunity is listed at $639,000, positioned well below the $588,652 Fair Market Value by -8%. While the property carries a Fair Condition Rating due to its 1988 vintage, it offers a functional floor plan and a private patio in a prime Mission Viejo location. With access to the highly-rated Trabuco Hills High School, this residence provides a stable foundation for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the Orange County market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27974 Crimson Subject | $609,900* List Price | 2 | 2 | 942 | $597 | - |
A 21122 Aqua Active | $629,000 List Price | 2 | 2 | 942 | $668 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the 'Fair' category as it is dated. The kitchen features original-style oak cabinetry and 1990s-era decorative tile backsplash. While the bathroom has received minor cosmetic updates (mirrors, lighting) and some kitchen appliances are stainless steel, the overall finishes and electric coil range indicate a need for modernization.
The property features a sought-after layout within the Rainbow Ridge community, offering an efficient and functional use of its 942 square feet for a two-bedroom residence.
Situated in the established Mission Viejo North area, the home benefits from a reputable school district and the stability of a well-maintained subdivision.
Priced at $639,000, this condo represents a competitive entry-level opportunity for homeownership in the high-demand Orange County real estate market.
The monthly HOA fee of $505 is relatively high for a unit of this size, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
The listing indicates no specific views, which may be a disadvantage compared to other properties in the hilly Mission Viejo area that offer community or landscape vistas.
Welcome home to this beautifully refreshed 2-bedroom condo that blends comfort, style, and everyday convenience. Freshly painted throughout and featuring new landscaping in the private patio, this move-in-ready home offers inviting spaces both inside and out. The thoughtfully designed floor plan features warm hardwood flooring, abundant natural light, and an open living and dining area that's perfect for relaxing or entertaining. The updated kitchen is both functional and inviting, showcasing rich wood cabinetry, stainless steel appliances, a custom range hood, generous counter space, and a charming tiled backsplash with decorative accents. The spacious primary bedroom provides a peaceful retreat with plenty of room to unwind, while the second bedroom offers flexibility for guests, a home office, or additional living space. The freshly painted interior creates a bright, clean feel throughout the home. Step outside to your private patio, where the newly completed landscaping creates a welcoming outdoor space to enjoy your morning coffee, dine al fresco, or simply relax in your own secluded setting. Additional highlights include indoor stackable laundry and a direct-access one-car garage, offering both convenience and extra storage. With tasteful updates, comfortable living spaces, and a desirable combination of indoor and outdoor living, this charming condo is ready for you to move in and make it your own.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 4.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 942 | 1,248.725 |
| Lot Size | 871 | 90,361.45 |
| Price | $609.9K | $756.3K |
| Price per sq ft | $647 | $612 |
| Built year | 1988 | 1984 |
| HOA | $505.0 | $504 |
| Days on market | 47 | 55 |
Sep 1, 2026
$609,900
$614,900
-1% Price Drop
Initial Listing
Aug 14, 2026
$614,900
$634,000
-3% Price Drop
Initial Listing
Aug 8, 2026
$634,000
$639,000
-1% Price Drop
Initial Listing
Jul 24, 2026
$639,000
Initial Listing
May 3, 2019
$395,000
Public Record
Jan 25, 2001
$181,500
Public Record
May 7, 1999
$26,000
Public Record