4 San Patricio, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Spacious View Home is a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,470,749 Fair Market Value by 1.4%. This valuation gap offers $20,749 in Instant Equity for the buyer. The property maintains a Good Condition Rating with recent cosmetic updates and a versatile main-level bedroom. Featuring Scenic Mountain Views and an Expansive 8,400 sq ft Lot, it sits within the Capistrano Unified School District near top-rated schools. This is an ideal acquisition for Owner-Occupants or growing families seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4 San Patricio Subject | $1,450,000* List Price | 4 | 3 | 2,261 | $650 | - |
A 75 San Sebastian Sold | $1,275,000 | 4 | 3 | 1,705 | $748 | 0.2 mi |
B 19 La Purisima Sold | $1,521,250 | 4 | 3 | 2,712 | $561 | 0.5 mi |
C 5 San Gabriel Sold | $1,425,000 | 4 | 3 | 2,400 | $594 | 0.5 mi |
D 5 San Sebastian Sold | $1,232,000 | 3 | 3 | 1,600 | $770 | 0.4 mi |
E 9 El Morro Active | $1,350,000 List Price | 5 | 3 | 2,301 | $587 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1990 (36 years old), the interior shows significant recent cosmetic updates including modern wood-look laminate flooring, fresh neutral paint, and recessed lighting. The visible bathroom vanity suggests a partial renovation within the last 5-10 years. The home appears well-maintained, functional, and move-in ready, fitting the 'Good' criteria despite the chronological age of the structure.
Middle School: Arroyo Vista Middle School (9/10).
Situated on a rare 8,400 sq ft lot, this property offers significant outdoor space and privacy, providing ample room for entertaining or potential backyard custom improvements.
The home features impressive views of the mountains and city lights from both the primary suite and the backyard, creating a serene atmosphere that adds premium value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While served by a reputable district, the designated high school is located over seven miles away, which may be a logistical consideration for families with older children.
Built in 1990, the home may require cosmetic updates or system modernizations to align with contemporary luxury standards expected at the $1.45M price point.
This 4-bedroom, 2.75-bath home offers space, privacy, and an exceptional setting on an expansive 8,400 sq ft lot. Ideally located on the border of Rancho Santa Margarita and Mission Viejo, the home blends the charm of a quiet neighborhood with convenient access to the best of both communities. Inside, the flexible layout features generous living areas and a desirable bedroom and bath on the main level - ideal for guests or multi-generational living. The true standout is the view: enjoyed from both the primary suite and backyard, where mountain vistas create a serene, everyday escape. The oversized yard offers endless potential for entertaining, relaxing, or creating your own outdoor retreat. Residents enjoy access to Rancho Santa Margarita’s sought-after amenities, including the Rancho Santa Margarita Lake, scenic parks, hiking and biking trails, and community pools, along with top-rated schools, shopping, dining, and convenient freeway access. A rare opportunity to own a view home with room to grow in one of South Orange County’s most desirable locations.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,261 | 1,976.5 | 69% |
| Lot Size | 8,400 | 4,463.5 | 91% |
| Price | $1.45M | $1.26M | 78% |
| Price per sq ft | $641 | $657 | 43% |
| Built year | 1990 | 1993 | 41% |
| HOA | $176.0 | $91 | 85% |
| Days on market | 21 | 134 | 10% |
May 24, 2026
$1,450,000
Initial Listing
Aug 19, 2021
$1,120,000
Public Record
Mar 14, 2002
$420,000
Public Record
Sep 23, 1999
$335,000
Public Record
May 16, 1997
$256,000
Public Record