740 Avenida Majorca B, Laguna Woods, California 92653, Laguna Woods, 92653 - 2 bed, 1 bath
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Laguna Woods, California 92653
This Madrid Model Stock Cooperative represents a High-Potential Investment Opportunity, listed at $375,000—positioned well above the $331,063 Fair Market Value by 13%. While the property requires modernization, its Condition Rating of 4 offers a blank canvas for value-add renovations. Residents enjoy a resort-style lifestyle with access to championship golf and top-rated schools like Aliso Niguel High. Featuring a private atrium and gated patio, this home is an ideal acquisition for Buy-and-Hold Investors or active adult owner-occupants seeking a vibrant community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 Avenida Majorca B Subject | $375,000* List Price | 2 | 1 | 1,000 | $331 | - |
A 650 Avenida Sevilla C Sold | $273,000 | 2 | 2 | 953 | $286 | 0.7 mi |
B 901 Ronda Sevilla P Active Under Contract | $410,000 List Price | 2 | 2 | 1,010 | $406 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this property is well-maintained but significantly dated. While there are minor cosmetic updates such as a stainless steel refrigerator and stone bathroom countertops, the presence of popcorn ceilings, older cabinetry, and jalousie-style windows indicates the home has not had a comprehensive renovation in over 20 years.
Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
Residents benefit from the premier Laguna Woods lifestyle, featuring a 27-hole championship golf course, equestrian facilities, and over 200 active clubs and organizations.
The desirable Madrid model includes both a private interior atrium and a spacious gated patio, offering rare secluded outdoor spaces for a home of this size.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9997, other record lot size in square feet = 10161.
The monthly association fee of $1,029.88 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for buyers.
As a stock cooperative, the property may involve more complex financing requirements and a more stringent board approval process compared to traditional condo ownership.
Welcome to this charming Madrid model located in the highly sought-after 55+ community of Laguna Woods. This inviting 2-bedroom, 1-bath home offers comfortable single-level living with an abundance of natural light streaming through large windows, creating a bright and airy atmosphere throughout. The thoughtfully designed floor plan includes a private atrium and a spacious gated patio, perfect for outdoor entertaining, morning coffee, or relaxing in the beautiful Southern California weather. A nearby carport with convenient storage adds to the home’s functionality and ease of living. Experience the exceptional Laguna Woods lifestyle with access to an impressive array of resort-style amenities, including a 27-hole championship golf course, 9-hole par-3 course, swimming pools, equestrian facilities with horse stables, gardening centers, artist studios, pickleball and tennis courts, lawn bowling, and more than 200 clubs and organizations. This is an incredible opportunity to enjoy vibrant, active adult living in one of Orange County’s premier communities.
No exterior & parking available.
Grades K-6 • 2.0 mi
Grades K-5 • 2.0 mi
Grades K-5 • 6.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,000 | 1,010 |
| Lot Size | 9,997 | 1,087 |
| Price | $375.0K | $405.0K |
| Price per sq ft | $375 | $396 |
| Built year | 1967 | 1966 |
| HOA | $1029.88 | $827 |
| Days on market | 3 | 88 |
Jul 19, 2026
$375,000
Initial Listing