7 Silktassel, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 1 bath
ACTIVE$510,000$781/sqft
7 Silktassel, Rancho Santa Margarita, California 92688
2Beds
1Bath
781Sqft
28,835Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, offering premium recreational access and a desirable lifestyle.
Top Cons:
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.
Compared to the nearby listings
Price:$510.0K vs avg $650.0K ($-140,000)24%
Size:781 sqft vs avg 1,000 sqft21%
Price/sqft:$653 vs avg $66444%
More Insights
Built in 1989 (37 years old).
Condition: Built in 1989, this condo has been well-maintained and features significant updates in key areas. The kitchen boasts granite countertops, stainless steel appliances, and recessed lighting, while the bathroom includes a granite vanity and dual sinks with brushed chrome fixtures, suggesting renovations within the last 5-15 years. The property is move-in ready with a clean, contemporary feel, and systems appear functional with minimal wear and tear, aligning with 'Good' condition criteria.
Year Built
1989
Close
-
List price
$510K
Original List price
$529K
Price/Sqft
$653
HOA
$418
Days on market
-
Sold On
-
MLS number
OC25279544
Home ConditionGood
Features
Deck
ViewNeighborhood
About this home
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. A picture-perfect home in a prime location.
D
Dawn Anderson
Listing Agent
Price History
Date
Event
Price
03/12/24
Sold
$519,000
06/13/16
Sold
$316,000
09/22/09
Sold
$230,000
04/04/06
Sold
$358,000
06/30/03
Sold
$203,000
Condition Rating
Good
Built in 1989, this condo has been well-maintained and features significant updates in key areas. The kitchen boasts granite countertops, stainless steel appliances, and recessed lighting, while the bathroom includes a granite vanity and dual sinks with brushed chrome fixtures, suggesting renovations within the last 5-15 years. The property is move-in ready with a clean, contemporary feel, and systems appear functional with minimal wear and tear, aligning with 'Good' condition criteria.
Pros & Cons
Pros
Exceptional Location: Perfectly positioned across from Lago Santa Margarita Beach Club and Rancho Santa Margarita Lake, offering premium recreational access and a desirable lifestyle.
Modern Interior Finishes: The kitchen boasts granite countertops, recessed lighting, and stainless steel appliances, while the bathroom features dual sinks with brushed chrome fixtures and a granite vanity, providing a contemporary and updated feel.
Versatile Floor Plan: The upstairs space offers flexibility to serve as a second bedroom with a large closet or a functional loft, ideal for a home office or creative area.
Desirable Amenities: The unit includes essential conveniences such as air conditioning, inside stackable laundry, and a private one-car garage, enhancing comfort and practicality.
Bright & Open Living Space: High ceilings and an open floor plan contribute to a light, airy, and spacious feel throughout the condo, making it inviting and comfortable.
Cons
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 sqft, the unit is relatively small for a 2-bedroom, which may limit appeal for buyers seeking more expansive living areas or growing families.
Single Bathroom: The presence of only one bathroom for a two-bedroom unit can be a practical inconvenience, especially for multiple occupants or guests.
Monthly HOA Fees: The $418 monthly association fee is a significant recurring cost that buyers must factor into their budget, potentially impacting affordability.