
Trabuco Canyon, California 92679
This Spacious Tri-Level Townhouse represents a Strong Value Opportunity, listed at $585,000—positioned well below the $633,265 Fair Market Value by 7%. This valuation gap offers $48,265 in Instant Equity for the next owner. With a Condition Rating of 4, the property serves as a blank canvas for cosmetic modernization. Located in the Capistrano Unified School District near the 9/10-rated Wagon Wheel Elementary, this home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42 Sagebrush Subject 2 bd · 2 ba · 1,089 sqft · $582 | $585,000* List Price | 2 | 2 | 1,089 | $582 | - |
A 19 Sagebrush Sold 2 bd · 2 ba · 874 sqft · $686 · 0.0 mi | $600,000 | 2 | 2 | 874 | $686 | 0.0 mi |
B 96 Mesquite Active Under Contract 2 bd · 2 ba · 1,089 sqft · $537 · 0.1 mi | $585,000 List Price | 2 | 2 | 1,089 | $537 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old) with original finishes. The kitchen and bathrooms are dated, featuring 1990s-style oak cabinetry, white tile countertops, and older white appliances. The listing explicitly describes the property as a 'blank canvas' ready for updates, which aligns with the criteria for a property over 20 years old needing modernization.
Elementary School: Wagon Wheel Elementary School (9/10).
The property is served by highly-regarded schools, including Wagon Wheel Elementary with a 9/10 rating and San Juan Hills High with an 8/10 rating, providing significant long-term value for families.
The tri-level floor plan features a desirable open great-room concept on the main level, complete with a kitchen island and direct balcony access, perfect for modern living and entertaining.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19313, other record lot size in square feet = 25006.
The home features original 1998 finishes and is marketed as a 'blank canvas,' indicating a need for immediate capital investment to update the kitchen, baths, and flooring.
The property record indicates no views, which may be a competitive disadvantage in the Trabuco Canyon area where buyers often seek canyon or hillside vistas.
A great opportunity to make this home your own! This spacious tri-level condo is in original condition and offers plenty of potential for buyers ready to make cosmetic improvements and add their personal touch. The home features dated finishes throughout and would benefit from new flooring, fresh interior paint, and updates to the original kitchen and bathrooms. While functional, the interior is ready for a refresh, providing an opportunity to customize the space to your own style. The main living level features an open great-room layout connecting the kitchen, dining area, and living room. The kitchen includes a center island, ample cabinet storage, and appliances including a refrigerator, microwave, stove, and dishwasher. Sliding glass doors from the dining area lead to a private balcony, while a spacious living room and convenient guest bathroom complete this level. Upstairs, you'll find two generously sized bedrooms with ample closet space and a full bathroom. Additional features include an attached one-car garage with a washer and dryer, plus an assigned parking space. With its spacious layout and opportunity for cosmetic improvements, this condo is a blank canvas ready for its next owner. Bring your creativity and vision to transform this home into a space that reflects your personal taste!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.8 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.2 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,089 | 1,345 |
| Lot Size | 19,313 | 49,852.4 |
| Price | $585.0K | $755.0K |
| Price per sq ft | $537 | $620 |
| Built year | 1998 | 1996 |
| HOA | $345.0 | $385 |
| Days on market | 23 | 59 |
Oct 2, 2026
$585,000
Initial Listing
Jul 21, 1998
$129,000
Public Record