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7 Via Encanto, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 4 bed, 3 bath

7 Via Encanto, Rancho Santa Margarita, California 92688 home-pic-0
ACTIVE$1,230,000
7 Via Encanto, Rancho Santa Margarita, California 92688
4Beds
3Baths
2,038Sqft
2,975Lot

Price Vs. Estimate

The estimated value ($960,727.26) is $269,272.74 (21%) lower than the list price ($1,230,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Downstairs Living: The property features a highly versatile downstairs bedroom with a Murphy bed and a full bathroom, ideal for guests, in-laws, or a dedicated home office/playroom.
Top Cons:
Overpriced Relative to Market: The current list price of $1.23M is significantly higher than the estimated value ($960k) and recent comparable sales in the same subdivision, suggesting it may be overpriced.

Compared to the nearby listings

Price:$1.23M vs avg $1.23M (+$5,000)51%
Size:2,038 sqft vs avg 2,018 sqft54%
Price/sqft:$604 vs avg $63434%

More Insights

Built in 1994 (31 years old).
Condition: Built in 1994, this property is 30 years old. While it appears well-maintained with fresh exterior paint and clean flooring (hardwood downstairs, carpet upstairs, wood-look laminate in master bath), the kitchen and bathrooms show signs of being outdated. The master bathroom features a dated tiled countertop and strip lighting, and the secondary bathroom has an older vanity and light fixture, despite a more updated shower. The absence of kitchen images or descriptions of recent updates suggests it likely requires modernization. The home is functional and move-in ready but would benefit from minor updates to key areas like the kitchen and bathrooms to align with current styles and features.
Year Built
1994
Close
-
List price
$1.23M
Original List price
$1.18M
Price/Sqft
$604
HOA
$199
Days on market
-
Sold On
-
MLS number
PTP2503659
Home ConditionFair
Features
Patio
View-

About this home

Situated in Villavante Golf Course Community of Rancho Santa Margarita. Over 2000 square feet, Bright and vaulted ceiling home with officially 4 bedrooms and 3 full bathrooms. Freshly painted exterior. First, when you enter there is a cozy living room with fireplace on your right. Dining area. On your left a downstairs bedroom with Murphy bed great for in-laws, guests, office, playroom. Full bathroom downstairs. The Master bedroom is located on the second floor with specious master bathroom with shower and separate bathtub and a walk-in closet. Other two bedrooms and full bath with a walk-in shower on this level. The laundry conveniently located upstairs. Well-designed backyard. Villavante community offers pool/spa and walking/biking/hiking trails. RSM amenities include tennis/basketball/volleyball/pickleball courts, RSM Lake access, fishing, tot lots, community center, the Beach Club Lagoon with activities for all residents, shopping and restaurants. There are many private and public school options and is assigned to top-rated Arroyo Vista elementary/middle and Tesoro High School. Rancho Santa Margarita is voted on the TOP and SAFEST cities to live in CA.

Condition Rating
Fair
Built in 1994, this property is 30 years old. While it appears well-maintained with fresh exterior paint and clean flooring (hardwood downstairs, carpet upstairs, wood-look laminate in master bath), the kitchen and bathrooms show signs of being outdated. The master bathroom features a dated tiled countertop and strip lighting, and the secondary bathroom has an older vanity and light fixture, despite a more updated shower. The absence of kitchen images or descriptions of recent updates suggests it likely requires modernization. The home is functional and move-in ready but would benefit from minor updates to key areas like the kitchen and bathrooms to align with current styles and features.
Pros & Cons

Pros

Versatile Downstairs Living: The property features a highly versatile downstairs bedroom with a Murphy bed and a full bathroom, ideal for guests, in-laws, or a dedicated home office/playroom.
Extensive Community Amenities: Residents benefit from access to Villavante's pool/spa and a wide array of Rancho Santa Margarita amenities, including lake access, Beach Club Lagoon, sports courts, and various trails.
Top-Rated School District: The home is assigned to top-rated Arroyo Vista elementary/middle and Tesoro High School, a significant draw for families.
Desirable City Reputation: Rancho Santa Margarita is recognized as one of California's top and safest cities, enhancing the property's long-term appeal and value.
Functional Layout with Upstairs Laundry: The layout includes a spacious master suite with a separate tub and shower, a walk-in closet, and convenient upstairs laundry, catering to modern living needs.

Cons

Overpriced Relative to Market: The current list price of $1.23M is significantly higher than the estimated value ($960k) and recent comparable sales in the same subdivision, suggesting it may be overpriced.
Lack of Scenic Views: The property explicitly states 'View: None,' which is a notable disadvantage compared to several comparable properties in the area that offer golf course, canyon, or panoramic views.
Absence of Modern Energy Upgrades: Unlike some recently sold comparables that boast new HVAC, energy-efficient windows, or paid-off solar panels, this property does not highlight similar modern energy-saving upgrades, potentially leading to higher utility costs.

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