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

7 Silktassel, Rancho Santa Margarita, California 92688 home-pic-0

7 Silktassel

Rancho Santa Margarita, California 92688

ACTIVE
CONDITION: GOOD
2Beds
1Baths
781Sq Ft
28,835Lot Size

Property Price

LIST PRICE$508,000

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

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths1.02.0
30%
Square foot7811,010
25%
Lot Size28,83514,925
65%
Price$508.0K$650.0K
27%
Price per sq ft$650$662
43%
Built year19891990
47%
HOA$418.0$452
38%
Days on market75178
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

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