28192 Alava, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 3 bath
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Mission Viejo, California 92692
This Spacious Senior Residence is a Prime Investment Opportunity, listed at $1,025,000—positioned well below the $1,078,848 Fair Market Value by 4%. This valuation gap offers $53,848 in Instant Equity for buyers. The property maintains a Condition Rating of 4, featuring a recently refreshed interior, a versatile loft, and a private greenbelt view. Located in the premier Casta del Sol 55+ community within the Capistrano Unified district, it offers access to Top-Rated Schools and Lake Mission Viejo. This is an ideal opportunity for Owner-Occupants seeking a peaceful retreat or Buy-and-Hold Investors.
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 | $480 | - |
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 28037 Via Tirso Sold | $870,000 | 2 | 2 | 1,439 | $605 | 0.2 mi |
D 23862 Villena Sold | $838,000 | 2 | 3 | 1,410 | $594 | 0.7 mi |
E 28402 Pacheco Sold | $845,000 | 2 | 2 | 1,503 | $562 | 0.3 mi |
F 23436 Villena Sold | $929,000 | 3 | 2 | 1,503 | $618 | 0.4 mi |
G 28302 Alava Active | $1,100,000 List Price | 2 | 3 | 1,818 | $605 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this home has been 'recently refreshed' with new paint and some updated flooring (LVP in one bedroom). However, the kitchen features original wood cabinets, dated tile countertops, and older appliances. Bathrooms also show original or very dated vanities, countertops, and light fixtures (fluorescent box lights). While functional and well-maintained, the property requires minor to moderate updates, especially in the kitchen and bathrooms, to meet current aesthetic standards.
The property is located within Casta del Sol, an exclusive and highly desirable 55+ community known for its active lifestyle, amenities, and social opportunities.
Situated at the end of a quiet cul-de-sac and bordering a grassy greenbelt, offering enhanced privacy and a tranquil setting.
Boasts the most sought-after floorplan in Casta del Sol, featuring a spacious loft that provides flexibility for a third bedroom or additional living space.
The 55+ community designation inherently restricts the buyer demographic, potentially narrowing the market and influencing resale dynamics.
A substantial monthly association fee of $590.00 adds a significant ongoing cost to homeownership.
Built in 1983, the property may still retain some original components or systems that could require future updates or maintenance, despite recent cosmetic refreshes.
Welcome to 28192 Alava, a truly wonderful residence tucked away at the end of a quiet cul-de-sac and adjacent to a grassy greenbelt. 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! 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 | 1,834 | 57% |
| Lot Size | - | 4,970.5 | 1% |
| Price | $950.0K | $1.25M | 18% |
| Price per sq ft | $480 | $650 | 3% |
| Built year | 1983 | 1984 | 47% |
| HOA | $590.0 | $264 | 94% |
| Days on market | 74 | 135 | 26% |
Apr 19, 2026
$950,000
$999,000
-5% Price Drop
Initial Listing
Mar 22, 2026
$999,000
$1,025,000
-3% Price Drop
Initial Listing
Feb 7, 2026
$1,025,000
Initial Listing
Oct 22, 2001
$350,000
Public Record
Dec 18, 1997
$214,000
Public Record