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

98 Pasto Rico, Rancho Santa Margarita, California 92688 home-pic-0

98 Pasto Rico

Rancho Santa Margarita, California 92688

ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,032Sq Ft
108,454Lot Size

Property Price

LIST PRICE$615,000

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

Good
TeardownExcellent

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

7/10

Arroyo Vista Middle School

Grades 6-8 • 0.0 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,0321,027
52%
Lot Size108,45414,925
94%
Price$615.0K$650.0K
43%
Price per sq ft$596$662
23%
Built year19891990
47%
HOA$577.0$452
97%
Days on market9178
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

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