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28242 Elmwood, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 3 bath

28242 Elmwood, Mission Viejo, California 92692 home-pic-0
ACTIVE$1,249,900
28242 Elmwood, Mission Viejo, California 92692
3Beds
3Baths
1,540Sqft
4,200Lot

Price Vs. Estimate

The estimated value ($805,215.3) is $444,684.7 (35%) lower than the list price ($1,249,900). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Views: Offers breathtaking, panoramic views from the mountains to Lake Mission Viejo, including city lights and a prime spot for July 4th fireworks.
Top Cons:
Significant Valuation Gap: The current listing price is substantially higher than the property's estimated value, potentially indicating overpricing or a disconnect with market comparables.

Compared to the nearby listings

Price:$1.25M vs avg $1.20M (+$49,950)55%
Size:1,540 sqft vs avg 1,742 sqft38%
Price/sqft:$812 vs avg $64293%

More Insights

Built in 1986 (39 years old).
Condition: Built in 1986, this home is well-maintained with some notable upgrades like cherry hardwood and travertine flooring, and a newly refinished primary shower. However, the kitchen features dated cabinets, backsplash, and some appliances, and the bathrooms, while clean, retain an older aesthetic with original-style vanities and countertops. While move-in ready, the property shows signs of being aged with functional but outdated major components in key areas like the kitchen and secondary bathrooms, indicating it requires minor updates to meet current styles and standards, aligning with a 'Fair' condition.
Year Built
1986
Close
-
List price
$1.25M
Original List price
$1.29M
Price/Sqft
$812
HOA
$105
Days on market
-
Sold On
-
MLS number
OC25008181
Home ConditionFair
Features
Excellent View: City Lights, Park/Greenbelt, Hills, Lake, Panoramic, Valley, Trees/Woods
Deck
Patio
ViewCity Lights,Park/Greenbelt,Hills,Lake,Panoramic,Valley,Trees/Woods

About this home

Charming Cape Cod Style Home with Panoramic Views in Evergreen Lakeview. Discover this stunning Cape Cod style gem at the end of a serene cul-de-sac in the coveted Evergreen Lakeview neighborhood. Enjoy breathtaking, panoramic views from the mountains to Lake Mission Viejo. This private, quiet retreat features upgraded cherry hardwood and travertine flooring, elegant French doors, and classic plantation shutters. The lush, colorful landscaping blooms vibrantly in the spring.The spacious backyard is an entertainer's dream, with a large brick-covered patio surrounded by mature trees—perfect for hosting gatherings and enjoying front-row seats to July 4th fireworks. Inside, cozy up to the dual-faced wood/gas burning fireplace. The primary suite offers a private deck with sweeping views, a walk-in closet, and an attached bath with a newly refinished shower. Ample secondary bedrooms provide plenty of space for family or guests. As a member of private Lake Mission Viejo (just a quarter-mile away), indulge in two beaches, swimming, boating, kayaking, paddleboarding, and summer concerts. Benefit from award-winning schools and proximity to shopping, restaurants, and the 241 toll road. Don't miss out on this must-see home in a prime location!

Nearby schools

8/10
Melinda Heights Elementary School
Public,•K-6•1.3mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•2.8mi
8/10
Trabuco Hills High School
Public,•9-12•1.0mi
Condition Rating
Fair
Built in 1986, this home is well-maintained with some notable upgrades like cherry hardwood and travertine flooring, and a newly refinished primary shower. However, the kitchen features dated cabinets, backsplash, and some appliances, and the bathrooms, while clean, retain an older aesthetic with original-style vanities and countertops. While move-in ready, the property shows signs of being aged with functional but outdated major components in key areas like the kitchen and secondary bathrooms, indicating it requires minor updates to meet current styles and standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Panoramic Views: Offers breathtaking, panoramic views from the mountains to Lake Mission Viejo, including city lights and a prime spot for July 4th fireworks.
Lake Mission Viejo Access: Exclusive membership to private Lake Mission Viejo, providing access to beaches, swimming, boating, kayaking, paddleboarding, and summer concerts.
Prime Cul-de-Sac Location: Situated at the end of a serene cul-de-sac in the coveted Evergreen Lakeview neighborhood, ensuring privacy and a quiet retreat.
Upgraded Interior Finishes: Features upgraded cherry hardwood and travertine flooring, elegant French doors, and classic plantation shutters, enhancing aesthetic appeal.
Entertainment-Ready Backyard: Spacious backyard with a large brick-covered patio and mature trees, ideal for hosting gatherings and outdoor enjoyment.

Cons

Significant Valuation Gap: The current listing price is substantially higher than the property's estimated value, potentially indicating overpricing or a disconnect with market comparables.
Limited Comprehensive Updates: While some finishes are upgraded, the description does not detail comprehensive modern updates to major systems (e.g., HVAC, roof, plumbing) which may be expected for a home of its age and price point, especially compared to recently sold, extensively remodeled comparables.
Extended Days on Market: The property has been on the market for over four months, which could suggest buyer resistance to the current price or perceived value.

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