44 Rainwood, Aliso Viejo, California 92656, Aliso Viejo, 92656 - 2 bed, 2 bath
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Aliso Viejo, California 92656
This Parkside Modernized Condo is a Prime Investment Opportunity, listed at $739,000—positioned well below the $758,879 Fair Market Value by 2%. This valuation gap offers $19,879 in Instant Equity for buyers. Boasting a Condition Rating of 3, the home features a remodeled kitchen, soaring ceilings, and a private balcony with unobstructed views of Argonaut Park. Located within the prestigious Capistrano Unified School District near Aliso Viejo Town Center, this property balances financial upside with a coastal lifestyle. It is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 Rainwood Subject | $739,000* List Price | 2 | 2 | 1,221 | $622 | - |
A 11 Summerwood Sold | $715,000 | 2 | 2 | 1,221 | $586 | 0.0 mi |
B 40 Rainwood Sold | $596,000 | 2 | 1 | 840 | $710 | 0.0 mi |
C 25 Via Falerno Sold | $737,000 | 2 | 2 | 1,162 | $634 | 0.6 mi |
D 46 Conch Reef Sold | $824,000 | 3 | 2 | 1,254 | $657 | 0.4 mi |
E 106 Via Athena Sold | $815,000 | 2 | 3 | 1,260 | $647 | 0.5 mi |
F 11 Kerrwood Active | $739,000 List Price | 2 | 2 | 1,221 | $605 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features a remodeled kitchen with updated white cabinetry, granite countertops, and stainless steel appliances. The living area boasts soaring ceilings and modern laminate flooring. While the home was built in 1989, the interior updates and well-maintained systems align with the 'good' criteria, despite some visible wear on the entry tile flooring.
The property directly overlooks Argonaut Park, providing unobstructed greenbelt views and immediate access to outdoor recreation and playgrounds right in the backyard.
Features soaring ceilings and a remodeled kitchen with expanded counter space, creating a bright, airy, and contemporary living environment with plenty of natural light.
Ideally situated near Aliso Viejo Town Center and less than 10 miles from Laguna Beach, offering a perfect balance of suburban convenience and a coastal lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1221, other record living area = 1129.
The monthly HOA fee of $480 represents a significant recurring cost that may impact the overall monthly affordability for some buyers.
Constructed in 1989, the home may require upcoming maintenance or capital improvements on aging systems and components not addressed in the kitchen remodel.
Welcome to 44 Rainwood in Aliso Viejo (92656). This 2-bedroom, 2-bath home offers many amenities. Upon entering, soaring ceilings and natural light fill the dining and living areas. An alcove serves as a workspace or study. The kitchen includes all appliances and a stackable washer/dryer. The original kitchen was remodeled to add counter space. Each room offers privacy with unobstructed views of Argonaut Park. Enjoy a convenient playground in your backyard, ideal for families with kids or dogs. Large balcony overlooking the park, perfect for barbecuing or watching the sunset. Newer Dual Pane Windows and Custom Blinds throughout. Close to top schools, shopping and dining at Aliso Viejo Town Center, parks, trails, and less than 10 miles from Laguna Beach, this home has it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,221 | 1,166.5 | 52% |
| Lot Size | 113,065 | 57,597.5 | 58% |
| Price | $739.0K | $786.5K | 42% |
| Price per sq ft | $605 | $658 | 17% |
| Built year | 1989 | 1991 | 36% |
| HOA | $480.0 | $435 | 65% |
| Days on market | 25 | 161 | 1% |
Mar 28, 2026
$739,000
Initial Listing
Nov 18, 2011
$263,000
Public Record
Nov 7, 2005
$432,000
Public Record
Feb 8, 2002
$222,500
Public Record
May 19, 2000
$185,000
Public Record