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50 Sanctuary Lane, Mission Viejo, California 92692, Mission Viejo, 92692 - 4 bed, 4 bath

50 Sanctuary Lane, Mission Viejo, California 92692 home-pic-0
ACTIVE$950,000
50 Sanctuary Lane, Mission Viejo, California 92692
4Beds
4Baths
2,001Sqft
179,362Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Premium End Unit: Built in 2022, this rare end unit includes a $65k lot premium and over $50k in builder upgrades, ensuring modern design and enhanced privacy.
Top Cons:
Condominium Ownership Limitations: As a condo, it entails shared walls, potentially limited private outdoor space, and adherence to HOA regulations, which may not suit all buyer preferences.

Compared to the nearby listings

Price:$950.0K vs avg $847.5K (+$102,500)74%
Size:2,001 sqft vs avg 1,369 sqft93%
Price/sqft:$475 vs avg $6064%

More Insights

Built in 2022 (3 years old).
Condition: This property was built in 2022, making it virtually brand new. The listing details highlight over $50k in builder upgrades, including luxury vinyl plank flooring, smart home features, recessed lighting, and high-end finishes in both the kitchen and bathrooms. The kitchen boasts granite countertops, painted wood cabinets with soft-close features, a stylish tile backsplash, and gold hardware. Bathrooms feature quartz countertops, floating mirrors, and modern tile designs. All components are new, meet current quality standards, and show no signs of deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Year Built
2022
Close
-
List price
$950K
Original List price
$1.18M
Price/Sqft
$475
HOA
$370
Days on market
-
Sold On
-
MLS number
TR25055701
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
ViewHills, Mountain(s)

About this home

BACK ON MARKET!! Welcome to this stunning 4 bed, 3.5 bath tri level condo located in the newer community of Neo at Mission Foothills. Built in 2022, this newer construction offers contemporary living at its finest starting with a $65k lot premium for this rare END unit. Over $50k in builder upgrades to combine modern design and smart technology. Featuring luxury vinyl plank flooring throughout and upgraded flooring in all bathrooms, this home exudes elegance and functionality. The open concept kitchen is a chef’s dream - granite countertops, painted wood cabinets with soft-close features, a stylish tile backsplash, gold hardware, an upgraded kitchen faucet, and LED lighting. The primary suite is a true retreat, highlighted by a barn door, quartz countertops in the bathroom, floating mirrors, and a stunning chevron tile design. Designed for both comfort and convenience, this smart home is equipped with smart lights, a Ring doorbell, and keyless entry. Recessed lighting in every room, dimmer switches, and prewiring for speakers ensure the perfect ambiance. Shutters on nine windows provide privacy and style, while staircase lighting adds a touch of sophistication. The epoxy-coated garage floor is built to last and includes 220V support, making it perfect for an electric vehicle or workshop setup. Additionally, enjoy your energy efficient home with PAID OFF SOLAR. The best part? NO MELLO ROOS and LOW HOA dues. Must have amenities include a pool, spa, barbecue area, park, fire pit, and playground, offering endless opportunities for relaxation and recreation. This home is in close proximity to shopping, dining, trails, and much more! Schools are located in the award-winning SVUSD. Don’t miss out on the incredible opportunity to call Mission Viejo home!

Condition Rating
Excellent
This property was built in 2022, making it virtually brand new. The listing details highlight over $50k in builder upgrades, including luxury vinyl plank flooring, smart home features, recessed lighting, and high-end finishes in both the kitchen and bathrooms. The kitchen boasts granite countertops, painted wood cabinets with soft-close features, a stylish tile backsplash, and gold hardware. Bathrooms feature quartz countertops, floating mirrors, and modern tile designs. All components are new, meet current quality standards, and show no signs of deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons

Pros

New Construction & Premium End Unit: Built in 2022, this rare end unit includes a $65k lot premium and over $50k in builder upgrades, ensuring modern design and enhanced privacy.
Smart Home & Energy Efficiency: Features smart lights, keyless entry, a Ring doorbell, and fully PAID OFF SOLAR, offering advanced convenience, security, and substantial utility savings.
Luxurious Interior Finishes: Boasts luxury vinyl plank flooring, an open-concept kitchen with granite countertops and soft-close cabinets, and a primary suite with quartz and custom chevron tile.
Financial Benefits & Community Amenities: Benefits from NO MELLO ROOS and LOW HOA dues, alongside access to a pool, spa, park, and other recreational facilities.
Prime Location & Scenic Views: Situated in Mission Viejo with proximity to top-rated SVUSD schools, shopping, dining, trails, and offers desirable hills and mountain views.

Cons

Condominium Ownership Limitations: As a condo, it entails shared walls, potentially limited private outdoor space, and adherence to HOA regulations, which may not suit all buyer preferences.
Significant Price Reduction: The current list price of $950,000 is a substantial reduction from the original $1.18 million, which could suggest initial overpricing or a longer market presence.
Tri-Level Floor Plan: The tri-level layout, while modern, involves multiple staircases, which might be a functional drawback for some buyers, particularly those with mobility challenges or young children.

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