28942 Paseo Theresa, Mission Viejo, California 92692, Mission Viejo, 92692 - 2 bed, 2 bath

28942 Paseo Theresa, Mission Viejo, California 92692 home-pic-0

28942 Paseo Theresa

Mission Viejo, California 92692

ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,400Sq Ft
Lot Size

Property Price

LIST PRICE$875,000

SUMMARY

Analysis of 28942 Paseo Theresa, Mission Viejo, California 92692 is currently available with a list price of $875,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property has been extensively renovated within the last 5 years, featuring a modern kitchen with soft-close cabinetry and stainless steel appliances, updated bathrooms with new vanities, and new flooring throughout. Beyond cosmetic updates, the home boasts significant infrastructure improvements including full re-piping, a newer HVAC system, and a newer water heater, making it virtually new in terms of functionality and aesthetic appeal.

PROSSTRENGTHS & OPPORTUNITIES

  • Extensive Modern Upgrades

    The home features high-end interior finishes including a remodeled kitchen with soft-close cabinetry, updated bathrooms, and critical infrastructure improvements like full re-piping and a newer HVAC system.

  • Prime Corner End-Unit Location

    As a single-level corner end-unit, this property offers superior privacy and increased natural light, complemented by a large private patio that blends hardscape and softscape elements.

  • Resort-Style Community Amenities

    Located in the prestigious Palmia 55+ community, residents enjoy access to a clubhouse, 18-hole putting green, and sports courts, plus exclusive membership to Lake Mission Viejo.

CONSRISKS & DEFICIENCIES

  • High Association Fees

    The monthly association fee of approximately $791 is substantial and may be a deterrent for buyers sensitive to high fixed monthly carrying costs.

  • Lack of Scenic Views

    Despite its prime location within the community, the property lacks the panoramic or hillside views often sought after in the Mission Viejo real estate market.

About 28942 Paseo Theresa

This beautiful single-level home is located within the highly desirable 55+ community of Palmia. Light and bright, this corner end-unit offers a prime location and has been tastefully upgraded throughout. The home features updated flooring and baseboards, recessed lighting, and a stylish updated fireplace that adds warmth and charm to the living space. The kitchen showcases crisp white cabinetry with soft-close doors, updated countertops, and stainless-steel appliances, creating a clean and inviting space for everyday living and entertaining. Both bathrooms have been beautifully updated with new vanities. The spacious primary suite includes two large closets and an en-suite bathroom with dual sinks and shower with glass enclosure. A separate indoor laundry room with sink adds everyday convenience. Enjoy outdoor living on the large private patio, thoughtfully designed with a balanced mix of hardscape and softscape. The two-car garage features and the home has also been fully re-piped for peace of mind. Recessed lighting, soft water, Newer HVAC and Water heater along with remote blinds and ceiling fans are among just a few of the extras. Palmia is a 55+ community like no other, offering resort-style amenities including a clubhouse, swimming pool, jacuzzi, 18-hole putting green, fitness center, pickleball and tennis courts, library, shuffleboard, bocce ball, and more. Homeowners also enjoy membership to Lake Mission Viejo, featuring boating, fishing, beaches, concerts, and picnicking.

Property Details

Public Facts

Property Type
Condominium
Year Built
1995
Lot Size
-

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

8/10

Rancho Santa Margarita Intermediate School

Grades 7-8 • 2.1 mi

7/10

Trabuco Hills High School

Grades 9-12 • 1.5 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,4001,369
54%
Lot Size-61,502
34%
Price$875.0K$875.0K
50%
Price per sq ft$625$610
54%
Built year19951987
69%
HOA$791.43$609
97%
Days on market45157
9%

Pricing History

Listed for Sale

Jan 21, 2026

$875,000

Initial Listing

Sold

Dec 28, 2021

$675,000

Public Record

Sold

Jan 31, 2019

$500,000

Public Record

Sold

Aug 31, 2018

$560,000

Public Record

Sold

Jun 18, 2018

$45,455

Public Record

Sold

Aug 20, 1996

$166,000

Public Record

Browse Properties by State Browse housing market trends by state