28131 Via Nervo, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath
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Mission Viejo, California 92692
This property presents a Value-Add Investment Opportunity with a List Price of $749,500—positioned above the $716,265 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects a functional layout with significant potential for cosmetic upgrades. Located in a premier 55+ community, the home offers exclusive access to Lake Mission Viejo and high-rated schools like Philip J. Reilly Elementary. This is a strategic acquisition for Buy-and-Hold Investors or Active Adult Owner-Occupants seeking to personalize a residence in a sought-after South Orange County neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28131 Via Nervo Subject | $720,000* List Price | 2 | 2 | 1,114 | $635 | - |
A 27881 Via Silva Sold | $675,000 | 2 | 2 | 1,078 | $626 | 0.3 mi |
B 28112 Calle Casal Sold | $710,000 | 2 | 2 | 1,004 | $707 | 0.1 mi |
C 27861 Via Dario Sold | $725,000 | 2 | 1 | 969 | $748 | 0.3 mi |
D 27862 Via Silva Sold | $740,000 | 2 | 1 | 969 | $764 | 0.4 mi |
E 28373 Borgona Sold | $900,000 | 2 | 2 | 1,439 | $625 | 0.3 mi |
F 23986 Calle Alonso Sold | $812,000 | 2 | 2 | 1,410 | $576 | 0.3 mi |
G 28052 Via Herrera Active | $715,000 List Price | 2 | 2 | 1,078 | $663 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this property is functional but significantly dated. While it features newer windows, the interior shows 20+ year old finishes including teal carpeting, mirrored closet doors, and popcorn ceilings. The listing's description as a 'blank canvas' and the age of the 'prior' kitchen updates suggest the home needs cosmetic modernization in the kitchen and bathrooms to meet current standards.
Located in a premier 55+ community, residents enjoy extensive amenities including pools, social clubs, and exclusive access to Lake Mission Viejo for boating, beaches, and concerts.
The home's corner-unit location paired with newer windows provides enhanced privacy and an abundance of natural light throughout the living spaces.
Centrally situated in a highly sought-after South Orange County neighborhood with convenient proximity to shopping, dining, parks, and major freeway access.
Built in 1974 and marketed as a 'blank canvas,' the property likely requires a substantial capital investment to modernize the interior finishes and systems to current market standards.
The $590 monthly association fee is a significant recurring expense that may impact the affordability for buyers on fixed incomes within the 55+ demographic.
Welcome to this charming corner-unit home located in a desirable 55+ community in the heart of Mission Viejo. Offering 2 bedrooms, 2 bathrooms, and 1,114 sq. ft. of living space, this single-family residence presents an incredible opportunity to create your ideal home. Filled with natural light, the home features newer windows, a functional layout, and an attached 1-car garage. The kitchen has been updated in prior years and offers a great foundation for future enhancements. With endless potential throughout, this property is the perfect blank canvas for buyers looking to personalize and update to their own style. Residents of this welcoming community enjoy access to a variety of amenities, including pools, social clubs, and recreational activities designed for active adult living. HOA benefits also include access to beautiful Lake Mission Viejo, offering year-round enjoyment with beaches, boating, concerts, and community events. Conveniently located near shopping, dining, parks, and freeway access, this home offers comfort, community, and opportunity in one of South Orange County's most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,114 | 1,882 | 4% |
| Lot Size | 2,866 | 5,000 | 4% |
| Price | $720.0K | $1.30M | 2% |
| Price per sq ft | $646 | $665 | 45% |
| Built year | 1974 | 1984 | 10% |
| HOA | $590.0 | $260 | 91% |
| Days on market | 23 | 127 | 4% |
Jun 1, 2026
$720,000
$749,500
-4% Price Drop
Initial Listing
May 14, 2026
$749,500
Initial Listing
May 3, 2000
$181,000
Public Record