98 Pasto Rico, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath

98 Pasto Rico
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 98 Pasto Rico, Rancho Santa Margarita, California 92688 is currently available with a list price of $615,000. 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
Property is move-in ready.
The property is move-in ready and features significant modern updates that elevate it beyond its 1989 build date. Notable improvements include luxury vinyl flooring, an updated kitchen with granite countertops, white cabinetry, and stainless steel appliances, as well as high-value system upgrades like a newer HVAC, tankless water heater, and completed community repiping. While the overall structure is over 30 years old, the interior condition and mechanical maintenance meet the criteria for a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Arroyo Vista Middle School (9/10).
- Carriage-Style Privacy
The unique carriage-style design ensures no neighbors are located above or below the living quarters, providing a level of quiet and privacy rarely found in traditional condominium layouts.
- Significant Infrastructure Upgrades
The property features a newer HVAC system, a tankless water heater, and benefits from a completed community-wide repiping project, offering buyers long-term peace of mind and reduced maintenance risk.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =108454, other record lot size in square feet = 2674.
- Limited Parking Capacity
The unit includes only a one-car attached garage, which may present a significant challenge for multi-vehicle households or guest parking within the community.
- High Monthly Carrying Costs
The association fee of $577 per month is relatively high for a 1,032-square-foot condo, which could impact overall affordability and the debt-to-income ratio for prospective buyers.
About 98 Pasto Rico
This meticulously cared-for carriage-style condo features an interior sweeping stairway leading to a spacious single-level floor plan. All living areas are located on one level above the attached one-car garage, offering the added benefit of no one above or below. Step inside to dramatic high ceilings and an abundance of natural light that fills the open floor plan. The living room is enhanced by a cozy fireplace and sliding doors that lead to a sunny deck, an ideal spot to unwind at the end of the day. Designed with both style and function in mind, the kitchen showcases granite counters, crisp white cabinets, stainless steel appliances, a pantry, and a glass tile backsplash. The generously sized dining area, just off the kitchen, provides flexibility for everyday meals and special occasions alike. Vaulted ceilings enhance the sense of space in the inviting primary suite, complete with a walk-in closet and a dressing area with dual sinks and a shower-tub combination. The secondary bedroom is perfect for guests, a home office, or a den. Additional highlights include Luxury Vinyl flooring, a newer HVAC system, a tankless water heater, and a community-wide repiping was completed. Located in the desirable Serabrisa community, residents enjoy a beautifully updated pool, spa, and BBQ area. Just across from Arroyo Vista Park, and close to Tijeras Creek Golf Course, shopping, dining, schools, and trails. With SAMLARC membership, enjoy access to Lago Santa Margarita Beach Club, multiple pools, sports courts, scenic hiking and biking trails, and year-round community events.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 108,454 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $577.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Arroyo Vista Elementary School
Grades K-5 • 0.0 mi
Arroyo Vista Middle School
Grades 6-8 • 0.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,032 | 1,027 | 52% |
| Lot Size | 108,454 | 14,925 | 94% |
| Price | $615.0K | $650.0K | 43% |
| Price per sq ft | $596 | $662 | 23% |
| Built year | 1989 | 1990 | 47% |
| HOA | $577.0 | $452 | 97% |
| Days on market | 9 | 178 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$615,000
Initial Listing
Sold
Jun 12, 2009
$260,000
Public Record
Sold
Aug 4, 2005
$405,000
Public Record
Sold
Dec 6, 2001
$203,500
Public Record
Sold
Jun 30, 1994
$115,000
Public Record














































