28935 Paseo Theresa, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath

28935 Paseo Theresa
Mission Viejo, California 92692
Property Price
SUMMARY
Analysis of 28935 Paseo Theresa, Mission Viejo, California 92692 is currently available with a list price of $825,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Mission Viejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant updates that elevate it above its 1996 build year. Key features include a remodeled kitchen with granite countertops and stainless steel appliances, updated bathrooms with newer cabinetry and granite, and modern vinyl wood flooring throughout. The inclusion of full PEX re-piping indicates excellent maintenance of major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The home is move-in ready with a fully remodeled kitchen featuring granite countertops and stainless steel appliances, complemented by stylish vinyl wood flooring throughout.
- Premier Community Amenities
Residents benefit from an extensive resort-style lifestyle in the gated Palmia community, including an 18-hole putting green, sports courts, and exclusive Lake Mission Viejo membership.
- Significant Infrastructure Upgrades
The property features full PEX re-piping, addressing a common maintenance concern for homes of this era and providing long-term peace of mind for the buyer.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of approximately $791 is relatively high, which may impact the overall affordability and monthly budget for some buyers.
- Demographic Restrictions
As a 55+ senior community, the property is restricted to a specific age demographic, naturally limiting the pool of potential future buyers and secondary market demand.
About 28935 Paseo Theresa
Welcome to resort-style living in the highly sought-after 55+ Palmia senior community. This beautifully maintained 2-bedroom, 2-bath condominium is truly move-in ready and offers comfort, style, and an exceptional active-adult lifestyle. The home features attractive vinyl wood flooring throughout and a remodeled kitchen with custom cabinetry, granite countertops, stainless steel appliances, a granite sink, and a charming breakfast nook. From the formal entry, you’ll find a guest bedroom and an updated hall bathroom. The inviting living room boasts vaulted ceilings, a cozy fireplace, plantation shutters, and direct access to the private back patio, perfectly positioned next to the formal dining area for easy entertaining. The spacious primary suite is located at the rear of the home for added privacy and includes plantation shutters and direct patio access. The updated primary bathroom features dual sinks with granite counters, newer cabinetry, a large walk-in shower, a separate water closet, and a generous walk-in closet. Additional highlights include full PEX re-piping and a highly desirable two-car driveway. Residents of Palmia enjoy an unparalleled array of amenities, including an 18-hole putting green, tennis, paddle tennis, pickleball, bocce courts, a fitness center, billiards room, elegant clubhouse, library, card room, numerous clubs, social events, and more. Ownership also includes membership to Lake Mission Viejo, offering boating, sandy beaches, and popular summer concerts. A wonderful opportunity to enjoy vibrant, active living in Mission Viejo’s premier gated communities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1996
- Lot Size
- 76,183 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $791.43 / Month
Neighborhood Insights
Mission Viejo Unified Schools
Melinda Heights Elementary School
Grades K-6 • 0.6 mi
Rancho Santa Margarita Intermediate School
Grades 7-8 • 2.1 mi
Trabuco Hills High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,278 | 1,365 | 34% |
| Lot Size | 76,183 | 65,017 | 51% |
| Price | $825.0K | $868.0K | 40% |
| Price per sq ft | $646 | $610 | 66% |
| Built year | 1996 | 1987 | 80% |
| HOA | $791.43 | $609 | 97% |
| Days on market | 10 | 157 | 6% |
Pricing History
Listed for Sale
Feb 25, 2026
$825,000
Initial Listing
Sold
Dec 8, 2020
$540,000
Public Record
Sold
Feb 26, 1996
$136,000
Public Record












































