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28841 La Lita, Mission Viejo, California 92692, Mission Viejo, 92692 - 3 bed, 2 bath

28841 La Lita, Mission Viejo, California 92692 home-pic-0
ACTIVE UNDER CONTRACT$1,050,000$1,410/sqft
Est. Value: $1,093,263
4%
BelowEstimate
28841 La Lita, Mission Viejo, California 92692
3Beds
2Baths
1,410Sqft
8,580Lot

Price Vs. Estimate

The estimated value ($1,093,262.57) is $43,262.57 (4%) higher than the list price ($1,050,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8580, living area = 1410.
Top Cons:
Condition Requires Investment: The property is presented as a 'blank canvas' requiring significant renovation and personal upgrades, implying substantial additional investment beyond the purchase price to modernize and customize.

Compared to the nearby listings

Price:$1.05M vs avg $1.20M ($-149,900)34%
Size:1,410 sqft vs avg 1,803 sqft15%
Price/sqft:$745 vs avg $64182%

More Insights

Built in 1970 (56 years old).
Condition: Built in 1970, this property is a 'blank canvas' requiring substantial renovation. The kitchen features original-style dark wood cabinets, laminate countertops, and dated white appliances. Bathrooms also show original or very old vanities, fixtures, and finishes. Throughout the home, there is dated wood paneling, popcorn ceilings, old light fixtures, and worn carpeting/parquet flooring, indicating a need for comprehensive updates beyond minor repairs to meet current standards.
Year Built
1970
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$745
HOA
-
Days on market
-
Sold On
-
MLS number
OC26002193
Home ConditionPoor
Features
Good View: Hills
Patio
ViewHills

About this home

Opportunity awaits at 28841 La Lita in Mission Viejo, a standard sale that can close quickly and offers exceptional potential to create your dream home. Situated on a large cul-de-sac street in a desirable, well-established neighborhood near Coronado Park, this single-level residence features a functional floor plan and a generous lot—an ideal foundation to reimagine, renovate, and add value with your personal upgrades. The expansive backyard showcases panoramic views, perfect for sunset enjoyment and entertaining. With no HOA or Mello Roos, this home is truly a blank canvas with endless possibilities for customization. Enjoy close proximity to top-rated schools, shopping and dining at The Shops at Mission Viejo, Saddleback College, and convenient access to the 5 Freeway. A rare opportunity to personalize a home in one of Mission Viejo’s most sought-after communities.

A
April Casanova
Listing Agent
Condition Rating
Poor
Built in 1970, this property is a 'blank canvas' requiring substantial renovation. The kitchen features original-style dark wood cabinets, laminate countertops, and dated white appliances. Bathrooms also show original or very old vanities, fixtures, and finishes. Throughout the home, there is dated wood paneling, popcorn ceilings, old light fixtures, and worn carpeting/parquet flooring, indicating a need for comprehensive updates beyond minor repairs to meet current standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8580, living area = 1410.
Prime Location & Neighborhood: Situated on a large cul-de-sac in a desirable, well-established, and sought-after community near Coronado Park, offering excellent proximity to top-rated schools, shopping, dining, Saddleback College, and convenient freeway access.
Significant Value-Add Potential: Described as a 'blank canvas' with 'exceptional potential to create your dream home' and 'reimagine, renovate, and add value with your personal upgrades,' appealing to buyers looking to personalize.
Financial Advantage: The absence of HOA fees and Mello Roos taxes provides a significant financial benefit and lower ongoing ownership costs.
Desirable Property Features: Features a single-level functional floor plan, a generous 8,580 sqft lot, and an expansive backyard with panoramic views, ideal for entertaining and sunset enjoyment.
Quick Close Opportunity: Positioned as a 'standard sale that can close quickly,' which can be attractive to motivated buyers or those with specific timelines.

Cons

Condition Requires Investment: The property is presented as a 'blank canvas' requiring significant renovation and personal upgrades, implying substantial additional investment beyond the purchase price to modernize and customize.
Age of Property: Built in 1970, the home likely features original systems and finishes that may be outdated, potentially requiring comprehensive updates to meet contemporary standards and preferences.
Lack of Modern Amenities: The description highlights potential but does not mention any recent upgrades or modern amenities (e.g., updated kitchen/baths, energy-efficient features), suggesting these are likely absent and would need to be added by the buyer.
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