28192 Alava, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 3 bath
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Mission Viejo, California 92692
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $950,000—positioned well below the $992,723 Fair Market Value by 4%. This valuation gap offers $42,723 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a versatile loft and a serene greenbelt view, though it invites modernization to maximize long-term appreciation. This is an ideal acquisition for Active Retirees or Owner-Occupants seeking a premium 55+ lifestyle in Casta del Sol.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28192 Alava Subject | $950,000* List Price | 2 | 3 | 1,978 | $502 | - |
A 23247 Villena Sold | $1,040,000 | 2 | 3 | 1,818 | $572 | 0.2 mi |
B 28043 Via Tirso Sold | $840,000 | 2 | 2 | 1,543 | $544 | 0.2 mi |
C 28404 Buena Vista Sold | $860,000 | 3 | 3 | 1,740 | $494 | 0.2 mi |
D 28402 Pacheco Sold | $845,000 | 2 | 2 | 1,503 | $562 | 0.3 mi |
E 28037 Via Tirso Sold | $870,000 | 2 | 2 | 1,439 | $605 | 0.2 mi |
F 28481 Pacheco Sold | $865,000 | 2 | 2 | 1,410 | $613 | 0.3 mi |
G 28391 Borgona Active | $1,049,999 List Price | 2 | 3 | 1,954 | $537 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the home is over 40 years old. While the description mentions a recent refresh (likely paint and carpet), the bathrooms feature dated oak cabinetry, fluorescent light boxes, and older tile work consistent with a 20+ year old aesthetic. The property is functional and move-in ready but requires modernization of kitchens and baths to meet current standards.
Situated at the end of a quiet cul-de-sac and adjacent to a lush greenbelt, this property offers exceptional privacy and a serene setting that is highly coveted within the community.
As the largest home in the community at 1,978 sqft, the layout features a generously sized loft that provides the flexibility to serve as a third bedroom, office, or additional living area.
Located in the exclusive Casta del Sol neighborhood, residents benefit from a vibrant social atmosphere and are within walking distance to the prestigious Lake Mission Viejo.
The 55+ community requirement limits the pool of potential buyers to a specific demographic, which can impact the speed of resale compared to non-restricted residential areas.
The $590 monthly association fee represents a significant recurring expense that may be a deterrent for retirees managing a fixed budget.
Welcome to 28192 Alava, a truly wonderful home tucked away at the end of a quiet cul-de-sac and adjacent to a grassy greenbelt. The largest home in the community! This home has been recently refreshed and offers the most desirable floorplan in Casta del Sol. With 2 full bedrooms, 3 bathrooms, and a generously sized loft that could operate as a 3rd bedroom, this home is spacious and airy with sunlight and privacy galore. Live the good life at Casta del Sol, walking distance to Lake Mission Viejo and centrally located to shopping, incredible restaurants, coffee shops and more! The perfect place to retire - this 55+ community offers endless opportunities to stay young at heart with activities, friendly neighbors, events and more. Casta del Sol is the exclusive and most desirable senior community in south Orange County, don't miss your chance to become part of this wonderful neighborhood.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,978 | 1,891 | 55% |
| Lot Size | - | 5,000 | 1% |
| Price | $950.0K | $1.30M | 16% |
| Price per sq ft | $480 | $671 | 2% |
| Built year | 1983 | 1984 | 50% |
| HOA | $590.0 | $253 | 90% |
| Days on market | 16 | 126 | 5% |
May 30, 2026
$950,000
Initial Listing
Oct 22, 2001
$350,000
Public Record
Dec 18, 1997
$214,000
Public Record