7 Monticello Lane, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 4 bath

7 Monticello Lane, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,175,000
7 Monticello Lane, Rancho Santa Margarita, California 92688
4Beds
4Baths
1,672Sqft
2,727Lot

Price Vs. Estimate

The estimated value ($891,673.465) is $283,326.535 (24%) lower than the list price ($1,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Upgrades: The home boasts a 'turn-key' condition with recent upgrades including gorgeous waterproof laminate flooring, a beautifully remodeled kitchen with white shaker cabinets, quartz countertops, new stainless-steel appliances, custom wainscoting, elegant plantation shutters, and recessed lighting throughout.
Top Cons:
Significant Price Discrepancy: The current listing price of $1,175,000 is substantially higher than the estimated property value of $891,673, indicating a potential overpricing of approximately 24% compared to market estimations.

Compared to the nearby listings

Price:$1.18M vs avg $1.23M ($-50,000)42%
Size:1,672 sqft vs avg 1,977 sqft27%
Price/sqft:$703 vs avg $63782%

More Insights

Built in 1997 (28 years old).
Condition: Despite being built in 1997, this property has undergone extensive and recent renovations, bringing it to a virtually new condition. The description explicitly states a 'beautifully remodeled kitchen' with white shaker cabinets, quartz countertops, chic backsplash, and new stainless-steel appliances. All bathrooms are also described as 'remodeled' with modern finishes, including white shaker vanities, quartz countertops, tiled floors, and stunning walk-in showers, with the primary featuring a jetted tub. Further supporting an excellent rating are the new HVAC system, energy-efficient windows, recessed lighting, interior paint, and the significant addition of paid-off Tesla solar panels with a battery and electric car charger. The gorgeous waterproof laminate flooring throughout adds to the contemporary appeal. The images confirm a pristine, modern, and move-in ready interior with no visible deferred maintenance.
Year Built
1997
Close
-
List price
$1.18M
Original List price
$1.2M
Price/Sqft
$703
HOA
$87
Days on market
-
Sold On
-
MLS number
IV25063508
Home ConditionExcellent
Features
Good View: Canyon, Mountain(s)
Patio
ViewCanyon, Mountain(s)

About this home

This charming turn-key home is ready for your family to move right in! Gorgeous waterproof laminate flooring greets you as you enter a light and bright open floor plan. Entertain guests seamlessly in the living area, dining room, and the beautifully remodeled kitchen. Featuring lovely white shaker cabinets, quartz countertops, an island, a chic backsplash and new stainless-steel appliances, you’ll love cooking in this space! Custom wainscoting adorns the walls downstairs as well as elegant plantation shutters on the windows. A remodeled half bathroom is conveniently located downstairs, as well as the laundry. Upstairs you’ll find 4 bedrooms, including 2 primary suites with their own bathrooms. The first primary suite is the largest, with 2 closets including a big walk-in, a huge ensuite bathroom with a jetted tub, stunningly tiled walk-in shower, tiled floors, and 2 separate vanities with quartz countertops. The second primary suite is spacious, has a walk-in closet, and its own divine ensuite bathroom with a walk-in shower, tiled floor and a white shaker vanity with quartz countertop. The 2 remaining bedrooms share a remodeled full guest bathroom with a tub/shower combo, tiled floor and a delightful white shaker vanity with quartz countertop. A built-in desk area is conveniently located in the upstairs hallway. The front yard has been tastefully landscaped, and the backyard has enough room for pets and kids to play. This home has much to offer, including a new HVAC, energy efficient windows, recessed lighting, interior paint, paid-off Tesla solar panels with Tesla battery and electric car charger, and a drywall finished garage. Enjoy all the amenities Rancho Santa Margarita has to offer including pools, a lake, beach club, golf course, amphitheater, hiking trails, sports courts, and award-winning schools. Don’t wait, come see this amazing home today

Nearby schools

8/10
Tijeras Creek Elementary School
Public,K-50.5mi
Condition Rating
Excellent

Despite being built in 1997, this property has undergone extensive and recent renovations, bringing it to a virtually new condition. The description explicitly states a 'beautifully remodeled kitchen' with white shaker cabinets, quartz countertops, chic backsplash, and new stainless-steel appliances. All bathrooms are also described as 'remodeled' with modern finishes, including white shaker vanities, quartz countertops, tiled floors, and stunning walk-in showers, with the primary featuring a jetted tub. Further supporting an excellent rating are the new HVAC system, energy-efficient windows, recessed lighting, interior paint, and the significant addition of paid-off Tesla solar panels with a battery and electric car charger. The gorgeous waterproof laminate flooring throughout adds to the contemporary appeal. The images confirm a pristine, modern, and move-in ready interior with no visible deferred maintenance.
Pros & Cons

Pros

Extensive Modern Upgrades: The home boasts a 'turn-key' condition with recent upgrades including gorgeous waterproof laminate flooring, a beautifully remodeled kitchen with white shaker cabinets, quartz countertops, new stainless-steel appliances, custom wainscoting, elegant plantation shutters, and recessed lighting throughout.
Advanced Energy Efficiency & EV Ready: Equipped with paid-off Tesla solar panels, a Tesla battery, and an electric car charger, offering significant energy savings and modern convenience for electric vehicle owners.
Multiple Primary Suites with Luxury Baths: Features two distinct primary suites, each with its own upgraded ensuite bathroom. The main primary suite includes a jetted tub, stunningly tiled walk-in shower, tiled floors, and two separate vanities with quartz countertops.
New Major Systems & Energy-Efficient Windows: Recent installations of a new HVAC system and energy-efficient windows provide enhanced comfort, lower utility costs, and reduced maintenance concerns for the new homeowner.
Exceptional Community Amenities & Top Schools: Residents benefit from access to a wide array of Rancho Santa Margarita amenities including pools, a lake, beach club, golf course, hiking trails, sports courts, and proximity to award-winning schools.

Cons

Significant Price Discrepancy: The current listing price of $1,175,000 is substantially higher than the estimated property value of $891,673, indicating a potential overpricing of approximately 24% compared to market estimations.
Limited Outdoor Space: With a lot size of 2727 sqft, the property offers relatively limited outdoor space, which may restrict extensive landscaping, large recreational areas, or future expansion possibilities.
Potentially Compact Interior Layout: Housing 4 bedrooms and 4 bathrooms within 1672 sqft suggests that some individual rooms, particularly secondary bedrooms, may be smaller than average, potentially impacting spaciousness and comfort for larger families.

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