40 Rainwood, Aliso Viejo, California 92656, Aliso Viejo, 92656 - 2 bed, 1 bath

40 Rainwood, Aliso Viejo, California 92656 home-pic-0
ACTIVE$624,900
40 Rainwood, Aliso Viejo, California 92656
2Beds
1Bath
840Sqft
113,065Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Modern Updates: Recent upgrades include a new AC and furnace (2020), Luxury Vinyl Plank (LVP) flooring, updated kitchen with Granite Transformations countertops, an updated bathroom, and new R-38 rated attic insulation with a radiant barrier and attic fan for energy efficiency.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 840, other record living area = 784. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.

Compared to the nearby listings

Price:$624.9K vs avg $800.0K ($-175,100)16%
Size:840 sqft vs avg 1,204 sqft13%
Price/sqft:$744 vs avg $66481%

More Insights

Built in 1989 (36 years old).
Condition: Despite being built in 1989, this property has undergone extensive modern renovations within the last 5 years, aligning with the 'Excellent' criteria. Key updates include a new AC and furnace (2020), new Luxury Vinyl Plank (LVP) flooring, new R-38 rated attic insulation, an updated kitchen with stainless steel appliances and Granite Transformations countertops, and an updated bathroom. The property presents as virtually new in terms of functionality and modern aesthetics, with no deferred maintenance. The recessed lighting, vaulted ceilings, and plantation shutters further enhance its contemporary appeal.
Year Built
1989
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$744
HOA
$480
Days on market
-
Sold On
-
MLS number
OC25263510
Home ConditionExcellent
Features
Deck
View-

About this home

Welcome to this well-maintained upper-level corner-unit condo in the desirable Glenwood Village community of Aliso Viejo. This thoughtfully designed, diligently maintained, and beautifully updated home features 1 bedroom plus a den/office—perfect for working from home and easily convertible into a second bedroom. Recent updates include beautiful Luxury Vinyl Plank (LVP) flooring, a new AC and furnace (2020), Granite Transformations countertops in the kitchen, an updated bathroom, and new R-38 rated attic insulation with a radiant barrier and attic fan to help reduce heating and cooling costs. The unit includes its own private balcony/sitting area with private staircase access. The versatile den/office includes its own sliding door entrance. The dining area and spacious family room feature vaulted ceilings with high accent windows that bring in exceptional natural light, along with a cozy gas fireplace. The combination of soaring ceilings, tall windows, and plantation shutters creates a bright, inviting living space throughout the day. Clean LVP flooring and recessed lighting add a modern touch. The updated kitchen includes stainless steel appliances, Granite Transformations countertops, ample cabinet space, and an efficient layout. Refrigerator is included. Down the hall to the primary bedroom is a separate in-unit laundry area (washer and dryer included) and a full bathroom. The primary bedroom features vaulted ceilings, additional high windows that provide abundant natural light, and a walk-in closet. Surrounded by lush trees, green common areas, parks, and natural open space, this home offers a peaceful setting while still being close to everything. Enjoy quick access to shopping, dining, recreation, and some of Orange County’s best outdoor lifestyle amenities. You’re just a quiet 15-minute drive to Downtown Laguna Beach, 10 minutes to premier hiking and mountain biking trails, and 15 minutes to John Wayne Airport or Newport Beach. Aliso Viejo is also consistently ranked as one of California’s safest cities, making it a truly exceptional place to call home.

Price History

Date
Event
Price
06/27/01
Sold
$173,000
12/23/99
Sold
$134,000
12/12/95
Sold
$98,000
10/19/01
Sold
$184,000
Condition Rating
Excellent

Despite being built in 1989, this property has undergone extensive modern renovations within the last 5 years, aligning with the 'Excellent' criteria. Key updates include a new AC and furnace (2020), new Luxury Vinyl Plank (LVP) flooring, new R-38 rated attic insulation, an updated kitchen with stainless steel appliances and Granite Transformations countertops, and an updated bathroom. The property presents as virtually new in terms of functionality and modern aesthetics, with no deferred maintenance. The recessed lighting, vaulted ceilings, and plantation shutters further enhance its contemporary appeal.
Pros & Cons

Pros

Extensive Modern Updates: Recent upgrades include a new AC and furnace (2020), Luxury Vinyl Plank (LVP) flooring, updated kitchen with Granite Transformations countertops, an updated bathroom, and new R-38 rated attic insulation with a radiant barrier and attic fan for energy efficiency.
Versatile Layout & Abundant Natural Light: Features a 1-bedroom plus a den/office (easily convertible to a second bedroom), vaulted ceilings, high accent windows, and plantation shutters, creating a bright and flexible living space.
Prime Location & Community Perks: Situated in the desirable Glenwood Village, offering quick access to shopping, dining, recreation, outdoor amenities, and a short drive to Laguna Beach and John Wayne Airport, in a highly-ranked safe city.
Private Outdoor Space & Entry: As an upper-level corner unit, it boasts a private balcony/sitting area and exclusive private staircase access, enhancing privacy and outdoor enjoyment.
Convenient Inclusions: Includes stainless steel appliances, refrigerator, and in-unit washer and dryer, providing immediate move-in readiness and added value.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 840, other record living area = 784. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
High Association Fee: The $480 monthly association fee is substantial for a 1-bedroom (plus den) condo, potentially impacting overall affordability and monthly expenses.
Single Bathroom: The property features only one bathroom, which may be a limitation or inconvenience for occupants, especially if the den is utilized as a second bedroom.
Lack of Premium View: While surrounded by lush common areas, the property does not offer a distinct premium view (e.g., ocean, city lights), which some buyers might seek in a condo.

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