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56 Coventry Lane 293, Aliso Viejo, California 92656, Aliso Viejo, 92656 - 1 bed, 1 bath

56 Coventry Lane 293, Aliso Viejo, California 92656 home-pic-0
ACTIVE$499,000
56 Coventry Lane 293, Aliso Viejo, California 92656
1Bed
1Bath
685Sqft
124,296Lot
Year Built
1985
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$728
HOA
$473.4
Days on market
-
Sold On
-
MLS number
PW25079709
Home ConditionFair
Features
Good View: Hills
ViewHills

About this home

We found 3 Cons,6 Pros. Rank: price - $499.0K(6th), sqft - 685(10th), beds - 1(11th), baths - 1(16th).

Opportunities like this don’t come around often—this upper-level 1-bedroom condo is located in a community that is both VA and FHA approved, a rare find in today’s market. Whether you're a first-time buyer using an FHA loan or a veteran looking to take advantage of VA benefits, this home opens doors that many others simply can't. Well-maintained and full of charm, this condo offers comfort, convenience, and exceptional value in the heart of Aliso Viejo. Just minutes from world-class beaches, premier shopping, and endless South OC sunshine, it's perfectly situated in a beautifully kept community. Even better, this home features an unusually low tax rate with no Mello-Roos. The current owner pays just 1.011%—well below the 1.25% average for California, and especially rare in newer areas like Aliso Viejo where many owners pay tax rates near and above 1.5%. Highlights include a private entry porch, 1-car garage, ample guest parking, and a spacious living area with tile flooring throughout—ideal for relaxing or entertaining. Enjoy peaceful peek-a-boo views of the surrounding hills, offering a touch of nature just outside your door. With quick access to the 73 Toll Road and 5 Freeway, getting around SoCal is a breeze. Whether you’re buying your first home, investing, or just looking for low-maintenance living in one of Orange County’s most desirable cities, this one checks all the boxes. Don’t miss this rare opportunity—schedule your showing today!

Nearby schools

6/10
Wood Canyon Elementary School
Public,•K-5•1.4mi
8/10
Don Juan Avila Middle School
Public,•6-8•1.7mi
9/10
Aliso Niguel High School
Public,•9-12•0.9mi
Condition Rating
Fair
Built in 1985, this property is 39 years old. While described as 'well-maintained' and appearing clean, the kitchen and bathroom are significantly outdated. The kitchen features tile countertops, traditional wood cabinets, and older white appliances (except for a black refrigerator), indicating either original components or a renovation from 20-30+ years ago. The bathroom has a dated vanity style and an old-fashioned strip light fixture. The tile flooring throughout, while durable, also contributes to an older aesthetic. The property is functional but requires minor to moderate updates to meet current quality standards and appeal.
Pros & Cons

Pros

Great Schools: High School: Aliso Niguel High School (9/10).
FHA/VA Approved Community: The property is located in a VA and FHA approved community, significantly expanding the potential buyer pool and offering flexible financing options.
Exceptional Tax Advantage: Features an unusually low tax rate of 1.011% with no Mello-Roos, providing substantial long-term financial savings compared to other properties in the area.
Prime South Orange County Location: Strategically located minutes from world-class beaches, premier shopping, and offers excellent commuter access to the 73 Toll Road and 5 Freeway.
Dedicated Parking & Guest Convenience: Includes a private 1-car garage and ample guest parking, a valuable amenity for residents and visitors in a condominium setting.
Well-Maintained & Charming Community: The condo is well-maintained within a beautifully kept community, offering a private entry porch and peaceful peek-a-boo hill views.

Cons

Limited Living Space: As a 1-bedroom, 1-bathroom unit with 685 sqft, the property offers limited living space, which may not suit buyers needing more room or future expansion.
High Monthly Association Fee: The association fee of $473.40 per month is relatively high for a 1-bedroom condominium, impacting overall affordability and monthly expenses.
Upper-Level Unit: Being an upper-level unit requires stair access, which could be a drawback for individuals with mobility concerns or for moving large items.

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