
Rancho Santa Margarita, California 92688
This Updated Move-In Ready Condo is listed at $488,000, offering a stable entry point at its $488,000 Fair Market Value. Boasting a Condition Rating of 3, the property features extensive 2026 upgrades, including a brand-new AC system, fresh interior paint, and community-wide repiping, ensuring low immediate maintenance. Located within the top-rated Saddleback Valley Unified School District, this home provides both financial security and lifestyle convenience. It is a premier acquisition for first-time buyers or Owner-Occupants looking for a polished, turnkey residence in a desirable community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74 Flor De Sol 53 Subject | $488,000* List Price | 2 | 2 | 800 | $610 | - |
A 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.1 mi |
B 59 Via Honrado Sold | $580,000 | 2 | 2 | 832 | $697 | 0.2 mi |
C 2 Via Carino Sold | $570,000 | 2 | 2 | 939 | $607 | 0.2 mi |
D 37 Leonado Sold | $582,000 | 2 | 2 | 876 | $664 | 0.7 mi |
E 45 Via Prado Sold | $470,000 | 2 | 1 | 700 | $671 | 0.7 mi |
F 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.6 mi |
G 2 Via Pariente Active | $589,000 List Price | 2 | 2 | 832 | $708 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent mechanical and cosmetic updates, including a brand-new AC system, dishwasher, and fresh interior paint as of early 2026. While the 1986 construction is evident in the kitchen's fluorescent light box and older range, the recent community-wide repiping and new baseboards elevate the overall quality and reduce immediate maintenance concerns.
The property features newly painted walls, kitchen cabinets, and brand-new baseboards, offering a fresh and modern aesthetic that is move-in ready.
The entire community was repiped in January 2026, providing peace of mind regarding long-term plumbing reliability and reducing the likelihood of future special assessments.
A brand-new air conditioning system was installed in February 2026, ensuring optimal climate control and energy efficiency for the new owners.
At 800 square feet, the two-bedroom, two-bathroom layout is relatively small, which may limit furniture options and storage for some residents.
The property is noted to have no specific views, which may be a drawback for buyers seeking the scenic vistas often found in the Rancho Santa Margarita area.
Constructed in 1986, the property may still reflect older architectural styles and floor plan efficiencies compared to more modern condominium developments.
NEWLY PAINTED WALLS, KITCHEN CABINETS BRAND NEW AIRCONDITIONING, BRAND NEW BASE BOARDS , BRAND NEW DISHWASHER AND GARBAGE DISPOSAL INSTALLED FEBRUARY 2026 PLUMBING IN ALL THE CONDOS IN THE COMMUNITY WERE REPIPED JANUARY 2026
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 800 | 1,010 | 26% |
| Lot Size | 68,707 | 18,514 | 83% |
| Price | $488.0K | $650.0K | 20% |
| Price per sq ft | $610 | $655 | 31% |
| Built year | 1986 | 1990 | 10% |
| HOA | $420.0 | $452 | 47% |
| Days on market | 222 | 173 | 70% |
Feb 16, 2026
$488,000
$498,000
-2% Price Drop
Initial Listing
Feb 11, 2026
$498,000
$518,000
-4% Price Drop
Initial Listing
Jan 15, 2026
$518,000
$525,000
-1% Price Drop
Initial Listing
Dec 3, 2025
$525,000
$499,900
+5% Price Increase
Initial Listing
Sep 12, 2025
$499,900
Initial Listing