7 Silktassel, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath

7 Silktassel
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 7 Silktassel, Rancho Santa Margarita, California 92688 is currently available with a list price of $508,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates including a kitchen with granite countertops, recessed lighting, and stainless steel appliances. The bathroom has been updated with a granite vanity and brushed chrome fixtures. While the structure dates to 1989, the interior finishes, flooring, and overall maintenance reflect a high level of care and recent aesthetic renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Recreational Location
Perfectly situated across from the Lago Santa Margarita Beach Club and Lake, providing residents with immediate access to premium outdoor amenities and scenic views.
- Modern Interior Upgrades
The home features high-end finishes including granite countertops, stainless steel appliances, and vaulted ceilings that create a contemporary and airy living environment.
- Superior Parking Assets
Includes a private one-car garage plus two additional HOA parking passes, offering exceptional parking convenience rarely found in similar condominium complexes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Compact Square Footage
At 781 square feet, the living space is relatively small, and the loft-style second bedroom may lack the privacy required by some buyers.
- Single Bathroom Constraint
The unit features only one bathroom, which can be a significant limitation for multi-occupant households or when hosting guests.
About 7 Silktassel
Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, this upper-level 2-bedroom, 1-bath condo offers both style and versatility. The open floor plan is highlighted by high ceilings and a light, airy feel throughout. The kitchen showcases granite countertops, recessed lighting, and stainless steel appliances. The downstairs bedroom features high ceilings, while the upstairs space can serve as a second bedroom with a large closet or a flexible loft ideal for a home office or creative space. The bathroom includes dual sinks with brushed chrome fixtures, a granite vanity, and a large tub. Enjoy the convenience of inside stackable laundry, air conditioning, and a private one-car garage. In addition to garage, HOA provided 2 parking passes for additional first come first serve parking. A picture-perfect home in a prime location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 28,835 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $418.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 781 | 1,010 | 25% |
| Lot Size | 28,835 | 14,925 | 65% |
| Price | $508.0K | $650.0K | 27% |
| Price per sq ft | $650 | $662 | 43% |
| Built year | 1989 | 1990 | 47% |
| HOA | $418.0 | $452 | 38% |
| Days on market | 75 | 178 | 13% |
Pricing History
Listed for Sale
Feb 12, 2026
$508,000
$510,000
+0% Price Increase
Initial Listing
Price Change
Jan 15, 2026
$510,000
$520,000
-2% Price Drop
Initial Listing
Price Change
Jan 5, 2026
$520,000
$529,000
-2% Price Drop
Initial Listing
Price Change
Dec 22, 2025
$529,000
Initial Listing
Sold
Mar 12, 2024
$519,000
Public Record
Sold
Jun 13, 2016
$316,000
Public Record
Sold
Sep 22, 2009
$230,000
Public Record
Sold
Apr 4, 2006
$358,000
Public Record
Sold
Jun 30, 2003
$203,000
Public Record










