40 Mancera, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 5 bed, 4 bath
40 Mancera
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 40 Mancera, Rancho Santa Margarita, California 92688 reveals a Fairly Priced Property with a current list price of $1,699,900 aligned with the estimated $1,699,900 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Rancho Santa Margarita 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40 Mancera Subject | $1,699,900* List Price | 5 | 4 | 3,600 | $472 | - |
A 12 Serna Sold | $1,930,000 | 4 | 4 | 3,312 | $583 | 0.1 mi |
B 28 Serna Sold | $1,851,000 | 4 | 4 | 3,312 | $559 | 0.1 mi |
C 6 Via Hacienda Sold | $1,393,000 | 4 | 3 | 2,459 | $566 | 0.6 mi |
D 30 Santa Inez Active | $1,699,999 List Price | 5 | 4 | 3,223 | $527 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1990, the property has received over $100,000 in recent high-value upgrades, including new dual HVAC systems, a new furnace, and a new water heater. The interior is move-in ready with hardwood flooring throughout, fresh paint on walls and cabinets, and updated kitchen appliances (stove and dishwasher). While the overall style retains some 1990s architectural elements, the replacement of major mechanical systems and cosmetic refreshes meet the criteria for a well-maintained, updated home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Exceptional Market Value
Following a significant $300,000 price reduction, the property is priced at approximately $480 per square foot, offering a substantial discount compared to the community average of $600 per square foot.
- Extensive Recent Upgrades
The home features over $100,000 in recent capital improvements, including new dual HVAC systems, a water heater with a circulation pump, updated pool equipment, and new kitchen appliances.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in 'As-Is' condition and has a scheduled tent fumigation for 2026, which may indicate the need for future maintenance or repairs not covered by the seller.
- Solar Lease Commitment
The residence includes a photovoltaic solar lease running through 2034, requiring the buyer to assume a long-term financial obligation and contract for the next decade.
About 40 Mancera
Back on market! $328K huge Price Reduction IN TOTAL! Only $472/sqft that beats $600/sqft in average in the same community. It even doesn't count in a beautiful waterfall Pool & Spa! Located in the highly sought-after community on Montilla in Rancho Santa Margarita, rank #1 safest city in CA by Moving Waldo! This beautiful pool home boasts 5 bedrooms, 4 full bathrooms which including one bedroom and one full bathroom downstairs. Two-story high formal dining room and living room. Hardwood floor for all over the house! Real wood shuttles for all windows. $100K upgraded recently including New pool/spa equipments, New water heater with circulation pump & timer, New DUAL A/Cs & Furnace, New dishwasher, gas stove & BBQ grill, New shower doors & wood shuttles for children rooms, New locks for all downstair doors, New custom double doors for downstair bedroom, New ceiling fans, and New painting for whole house including doors and cabinets. Salt waterfall pool/spa in the back yard with indoor Control Panel. Awesome view of Saddleback Mountains! Close to the Tijers Creek Golf Course. HOA amenities include 4 swimming pools, 3 tennis courts, and Lake beach club & lagoon. A few minutes' walk to Arroyo Vista K-8 School (blue ribbon), and close to Tesoro High school Bus Stop which Located in Arroyo Vista park that goes to Tesoro high school (among the top 5% best public high school in CA according Niche.com). Olympic size swimming pool, 3 tennis courts, BBQ houses, Arroyo Vista park, Tijeras Creek Golf Course, and O'Neil Regional Park, all within a few minutes' walking distance! Photovoltaics lease (2014-2034). New tent Fumigation in 2026. As Is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 6,720 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $184.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.2 mi
Arroyo Vista Middle School
Grades 6-8 • 0.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 90% |
| Baths | 4.0 | 3.0 | 88% |
| Square foot | 3,600 | 1,972.5 | 98% |
| Lot Size | 6,720 | 4,424.5 | 88% |
| Price | $1.70M | $1.22M | 90% |
| Price per sq ft | $472 | $634 | 1% |
| Built year | 1990 | 1993 | 38% |
| HOA | $184.0 | $87 | 87% |
| Days on market | 129 | 157 | 40% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,699,900
$1,728,000
-2% Price Drop
Initial Listing
Price Change
Feb 26, 2026
$1,728,000
$1,750,000
-1% Price Drop
Initial Listing
Price Change
Dec 20, 2025
$1,750,000
$1,768,000
-1% Price Drop
Initial Listing
Price Change
Dec 17, 2025
$1,768,000
$1,788,000
-1% Price Drop
Initial Listing
Price Change
Dec 3, 2025
$1,788,000
$1,800,000
-1% Price Drop
Initial Listing
Price Change
Nov 24, 2025
$1,800,000
$1,788,000
+1% Price Increase
Initial Listing
Price Change
Nov 20, 2025
$1,788,000
$1,800,000
-1% Price Drop
Initial Listing
Price Change
Nov 10, 2025
$1,800,000
$1,850,000
-3% Price Drop
Initial Listing
Price Change
Nov 6, 2025
$1,850,000
$1,928,000
-4% Price Drop
Initial Listing
Price Change
Nov 4, 2025
$1,928,000
$1,980,000
-3% Price Drop
Initial Listing
Price Change
Nov 2, 2025
$1,980,000
$2,028,000
-2% Price Drop
Initial Listing
Price Change
Oct 29, 2025
$2,028,000
Initial Listing