42 Via Cordoba, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium is a Strong Value Opportunity, listed at $600,000—positioned well below the $600,414 Fair Market Value by 0.07%. Featuring a Good Condition Rating, this home offers a rare, versatile downstairs bonus room and a private deck in a highly desirable community. With access to top-rated schools like Trabuco Hills High, this property balances lifestyle convenience with financial stability. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence in Rancho Santa Margarita.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42 Via Cordoba Subject | $600,000* List Price | 1 | 1 | 930 | $646 | - |
A 65 Via Cordoba Sold | $525,000 | 1 | 1 | 709 | $740 | 0.0 mi |
B 3 Calle De Los Ninos Sold | $740,000 | 2 | 3 | 911 | $812 | 0.6 mi |
C 33 Via Pamplona Sold | $508,500 | 1 | 1 | 709 | $717 | 0.1 mi |
D 27 Castano Sold | $430,000 | 1 | 1 | 692 | $621 | 0.5 mi |
E 45 Via Prado Sold | $470,000 | 2 | 1 | 700 | $671 | 0.1 mi |
F 92 Montana Del Lago Sold | $664,322 | 3 | 2 | 1,131 | $587 | 0.7 mi |
G 36 Via Cordoba Active | $675,000 List Price | 2 | 2 | 1,195 | $565 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1994 (32 years old), it has undergone significant updates that place it in the 'Good' category. The kitchen features granite countertops and recessed lighting, and the living areas include plantation shutters and hardwood flooring. The description confirms it is 'turnkey' with central HVAC, suggesting a renovation within the 5-15 year range.
The rare downstairs bonus room provides exceptional flexibility, functioning as a home office, gym, or guest area, which is a significant value-add for a one-bedroom floor plan.
This beautifully updated end-unit features modern finishes, recessed lighting, and plantation shutters, offering a move-in-ready experience with no immediate renovation required.
Situated in a highly desirable community near top-rated schools and hiking trails, the property offers a private setting with the added convenience of direct garage access.
Despite the versatile layout, the property is officially a one-bedroom unit, which may limit its appeal to larger families or buyers specifically seeking a multi-bedroom residence.
The monthly association fee of $473 represents a significant recurring expense that may impact overall affordability and the debt-to-income ratio for some buyers.
Turnkey and beautifully updated, this RARE unit offers one of the most unique and versatile one bedroom floor plans in the community. Featuring 1 bedroom, 1 bathroom, and an additional downstairs bonus room not commonly found in other one bedroom models, this home provides the extra space today’s buyers are looking for. The bonus room is ideal for a guest room, home office, gym, media room, or potential second bedroom setup. The open concept layout is light and bright with recessed lighting, plantation shutters, central A/C and heat, and tasteful updates throughout. The spacious living area flows seamlessly into the kitchen and dining space, creating a comfortable and functional floor plan perfect for everyday living and entertaining. Additional highlights include in-unit laundry, direct access to the garage, and a private, well-maintained setting. This sought after end-unit style floor plan is known for its rare downstairs bonus space that sets it apart from other one bedroom homes in the area. Conveniently located near shopping, dining, parks, hiking trails, and top rated schools, residents also enjoy the exceptional amenities and lifestyle that make Rancho Santa Margarita one of Orange County’s most desirable communities.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.3 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 17% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 930 | 1,027 | 39% |
| Lot Size | 18,738 | 25,172 | 45% |
| Price | $600.0K | $685.0K | 38% |
| Price per sq ft | $645 | $649 | 49% |
| Built year | 1994 | 1990 | 64% |
| HOA | $473.0 | $430 | 59% |
| Days on market | 16 | 144 | 3% |
May 21, 2026
$600,000
Initial Listing
Jun 30, 2006
$390,000
Public Record
Dec 15, 1993
$103,000
Public Record