7 Via Hermosa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath
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7 Via Hermosa
Rancho Santa Margarita, California 92688
ACTIVE
CONDITION: GOOD
1Beds
1Baths
781Sq Ft
38,995Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$487,920
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $499,000, which is priced slightly above the $490,176 Fair Market Value. Despite the minor premium, the property maintains a Good Condition Rating with high-value upgrades like brand-new double-pane windows and a newly finished deck. Located in the Saddleback Valley Unified district, this home offers a resort-style lifestyle with pool access and mountain views. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence with significant long-term community amenities.
Estimated Market Value
$487,920
Based on Realkey algorithm analyzing recent comparable sales in Rancho Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7 Via Hermosa Subject | $499,000* List Price | 1 | 1 | 781 | $625 | - |
A 49 Via Honrado Sold | $410,000 | 1 | 1 | 700 | $586 | 0.1 mi |
B 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.4 mi |
C 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.4 mi |
D 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.4 mi |
E 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.4 mi |
F 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
G 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.2 mi |
H 43 Via Cresta Sold | $390,000 | 1 | 1 | 547 | $713 | 0.4 mi |
I 37 Via Lavendera Active Under Contract | $519,000 List Price | 1 | 1 | 804 | $646 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1986, the property is rated Good due to recent 'turnkey' upgrades including brand-new double-pane windows, a newly finished deck, and hardwood-style flooring. It is well-maintained and move-in ready, fitting the profile of a property with significant updates within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Loft Space
The massive upstairs loft functions effectively as a second bedroom and includes a large storage closet with the potential for a second bathroom addition, significantly increasing the home's utility and value.
- Premium Corner Location
This rare corner-position unit is ideally situated directly in front of the pool entrance and features recent high-value upgrades, including brand-new double-pane windows and a newly finished deck patio.
- Extensive Community Amenities
Residents enjoy access to world-class SAMLARC amenities, including the iconic Lake and Beach Club, 13 parks, and extensive trails, alongside proximity to top-rated Saddleback Valley schools.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 781, other record living area = 882.
- Single Bathroom Limitation
With only one existing bathroom, the unit may present a challenge for households utilizing the loft as a second bedroom until a second bathroom is added.
- High Monthly Carrying Costs
The $495 monthly association fee is relatively high for a property under 800 square feet, which may impact the overall affordability and debt-to-income ratio for some buyers.
About 7 Via Hermosa
Quite simply the best unit in the complex! This rare corner-position condo at 7 Via Hermosa has been meticulously upgraded with brand-new double-pane windows and a newly finished deck patio, perfect for enjoying the cool breeze. Ideally situated directly in front of the pool entrance, you’ll enjoy a resort-style lifestyle every day. While listed as a 1-bedroom, the massive upstairs loft functions easily as a second bedroom and features a large storage closet with potential for a second bathroom addition. With soaring cathedral ceilings, hardwood-style floors, and an oversized garage, this "hip" turnkey home is in a class of its own. Beyond your front door, enjoy world-class SAMLARC amenities: the iconic Lake and Beach Club, 13 parks, playgrounds, sports courts, picnic areas, and extensive hiking/biking trails. Coupled with award-winning Saddleback Valley schools
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 38,995 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $495.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Cielo Vista Elementary School
Grades K-6 • 0.2 mi
5/10
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.4 mi
7/10
Trabuco Hills High School
Grades 9-12 • 4.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 781 | 1,077.857 |
| Lot Size | 38,995 | 27,342.776 |
| Price | $499.0K | $691.6K |
| Price per sq ft | $639 | $631 |
| Built year | 1986 | 1990 |
| HOA | $495.0 | $466 |
| Days on market | 44 | 54 |
Pricing History
Listed for Sale
Jul 27, 2026
$499,000
Initial Listing
Sold
Sep 26, 2018
$345,000
Public Record
Sold
Apr 12, 2017
$283,500
Public Record