28419 Alava, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 2 bath
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Mission Viejo, California 92692
This property presents a High-Potential Investment Opportunity with a List Price of $840,000—positioned above the $819,795 Fair Market Value by 2%. While the price reflects a premium, the home’s Fair Condition Rating and "cosmetic fixer" status allow for significant value-add through modernization. Featuring a Narciso floor plan, mountain views, and a spacious side yard, the asset offers strong potential for forced appreciation. Located in a sought-after 55+ community, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to customize a well-maintained home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28419 Alava Subject | $840,000* List Price | 3 | 2 | 1,472 | $557 | - |
A 23611 Villena Sold | $840,000 | 3 | 2 | 1,472 | $571 | 0.5 mi |
B 28373 Borgona Sold | $900,000 | 2 | 2 | 1,439 | $625 | 0.4 mi |
C 28043 Via Tirso Sold | $840,000 | 2 | 2 | 1,543 | $544 | 0.5 mi |
D 23574 Villena Sold | $858,840 | 2 | 2 | 1,472 | $583 | 0.5 mi |
E 28225 Zurburan Sold | $1,065,000 | 3 | 2 | 1,503 | $709 | 0.8 mi |
F 23986 Calle Alonso Sold | $812,000 | 2 | 2 | 1,410 | $576 | 1.0 mi |
G 28131 Via Nervo Active | $749,500 List Price | 2 | 2 | 1,114 | $673 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old), this property falls into the poor category based on age and original condition. While the HVAC and water heater are newer, the kitchen and bathrooms feature original 1980s oak cabinetry, laminate counters, and dated lighting. The listing explicitly identifies it as a 'cosmetic fixer' needing modernization.
Positioned as one of the lowest-priced homes per square foot in the desirable Casta del Sol community, this property offers significant equity potential for buyers looking to customize a home with 'great bones'.
Situated at the end of a quiet cul-de-sac, the home provides enhanced privacy and a peaceful atmosphere, complemented by serene mountain and tree views.
The popular layout features a private primary suite at the rear of the home and a spacious side yard, providing an excellent foundation for modern indoor-outdoor living and entertaining.
The home requires comprehensive interior updates and modernization to meet contemporary standards, which will necessitate additional capital investment immediately after purchase.
The 55+ age restriction combined with a substantial $590 monthly association fee limits the demographic of potential buyers and increases the total monthly carrying costs.
Tucked at the end of a quiet cul-de-sac in the newer section of desirable Casta del Sol, this popular Narciso floor plan offers an excellent opportunity to update and customize a well-maintained home with great bones and an outstanding layout. Features include a spacious floor plan with the primary bedroom located at the back of the home for added privacy, a two-car garage, newer furnace and water heater, and a bright dining area with a peaceful view of the beautiful Mimosa tree. This cosmetic fixer has been lovingly cared for over the years and offers tremendous potential for someone looking to modernize and make it their own. The spacious side yard and back patio provide plenty of room for entertaining, gardening, or creating an inviting outdoor living space. One of the lowest-priced homes currently available in Casta del Sol for the square footage, this home offers an incredible opportunity to own in one of Orange County’s most sought-after 55+ communities while adding your own personal touches and value.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,472 | 1,882 | 26% |
| Lot Size | 3,478 | 5,000 | 22% |
| Price | $840.0K | $1.30M | 8% |
| Price per sq ft | $571 | $671 | 12% |
| Built year | 1985 | 1984 | 55% |
| HOA | $590.0 | $253 | 90% |
| Days on market | 29 | 124 | 6% |
May 15, 2026
$840,000
Initial Listing
Jan 20, 2006
$555,000
Public Record