44 Tierra Montanosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 3 bed, 3 bath
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Rancho Santa Margarita, California 92688
This Turnkey Remodeled Townhouse is listed at $949,900, representing a stable acquisition perfectly aligned with its $949,900 Fair Market Value. Boasting a Mint Condition Rating, the residence features a rare Downstairs In-Law Suite, a Remodeled Kitchen with premium finishes, and panoramic Saddleback Mountain Views. Financial efficiency is a primary draw, as the property offers no Mello-Roos and an HOA that covers home insurance and roof maintenance. Located steps from Melinda Heights Elementary, this home provides a sophisticated lifestyle for growing families or Owner-Occupants seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 Tierra Montanosa Subject | $949,900* List Price | 3 | 3 | 1,487 | $639 | - |
A 27 Tierra Plano Sold | $750,000 | 2 | 3 | 1,241 | $604 | 0.1 mi |
B 46 Tierra Montanosa Active | $790,000 List Price | 2 | 3 | 1,241 | $637 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1996, the property has undergone a comprehensive recent remodel (likely <5 years) featuring a modern kitchen with quartz countertops, luxury vinyl plank flooring, and updated bathrooms with smart mirrors. Major systems are in top condition with a newer HVAC, water heater, and a recently replaced roof, meeting the criteria for mint condition with no immediate maintenance required.
The home features a rare downstairs in-law suite with a full bath and extensive modern improvements, including a remodeled kitchen, luxury vinyl flooring, and a newer HVAC system.
The property benefits from no Mello-Roos taxes and an HOA that covers home insurance and roof maintenance, significantly lowering the owner's monthly overhead and long-term liability.
Situated in a quiet community with Saddleback Mountain views, the property is within walking distance to top-rated schools, including the highly-regarded Melinda Heights Elementary.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1487, other record living area = 1361.
At $518 per month, the association dues are relatively high, which may impact the debt-to-income ratio and overall affordability for some prospective buyers.
The listing price was recently increased by $30,900 despite the description stating sellers are 'highly motivated,' which may create confusion regarding the property's market value.
** Sellers are highly motivated ** " Home insurance is covered by HOA. " This upgraded Rancho Santa Margarita home features a downstairs in-law suite with a full bath, along with " 3 bedrooms and 3 full bathrooms " in a quiet, tree-lined community with Saddleback Mountain views. The open layout offers high ceilings, abundant natural light, and luxury vinyl plank flooring throughout, with updated lighting and a refreshed fireplace. The remodeled kitchen includes updated cabinetry, new countertops and backsplash, upgraded fixtures, and quality appliances. Upstairs are two en-suite bedrooms, including a spacious primary suite with a custom walk-in closet, dual vanity, smart mirrors, barn door detail, and a rain shower. Recent improvements include newer HVAC and water heater, whole-house water filtration with reverse osmosis, paid smart security system, EV charger, garage upgrades, and fresh interior paint. The HOA has recently replaced the roof and sealed the skylight. Enjoy a private patio, resort-style amenities nearby, a two-car garage, guest parking, top-rated schools, and no Mello-Roos.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.6 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,487 | 1,429 | 59% |
| Lot Size | 29,634 | 3,304 | 64% |
| Price | $949.9K | $914.5K | 59% |
| Price per sq ft | $639 | $632 | 50% |
| Built year | 1996 | 1993 | 64% |
| HOA | $518.0 | $424 | 86% |
| Days on market | 84 | 160 | 36% |
Mar 3, 2026
$949,900
$919,000
+3% Price Increase
Initial Listing
Jan 28, 2026
$919,000
Initial Listing
May 27, 2022
$901,000
Public Record
Dec 16, 2019
$570,000
Public Record
May 12, 2006
$580,000
Public Record
Oct 22, 2001
$274,000
Public Record
Jan 16, 1998
$173,000
Public Record