116 Mira Mesa, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$849,500
116 Mira Mesa, Rancho Santa Margarita, California 92688
2Beds
3Baths
1,514Sqft
71,757Lot
Year Built
1992
Close
-
List price
$850K
Original List price
$865K
Price/Sqft
-
HOA
$514
Days on market
-
Sold On
-
MLS number
OC25081473
Home ConditionFair
Features
Patio
View-

About this home

FHA and VA APPROVED! Located in the Hills of Melinda Heights this home is beautiful and spacious. Two primary suites and 2.5 baths with a large yard, two car garage and a driveway. This home has tons of natural light and soaring ceilings. A third bedroom or loft can be easily added. The kitchen is open to both the breakfast area and the formal dining room and living room. There is an indoor laundry room and this house has tons of storage. The large living area has a beautiful fireplace and opens to your secret garden back yard perfect for relaxing after a long day or a family barbeque. At the top of the stairs you will find a perfect area for a desk or study area. The largest bedroom has his and her closets, dual sinks, large soaking tub and separate shower. The oversized two car garage has direct access to your new home. Award winning Melinda Heights elementary is just across the street. Community amenities include a pool, spa and jacuzzi. Residents also enjoy access to all of Samlarc's amenities including the beach club, tennis courts, and much more.

Nearby schools

8/10
Melinda Heights Elementary School
Public,K-60.4mi
7/10
Rancho Santa Margarita Intermediate School
Public,7-81.6mi
8/10
Trabuco Hills High School
Public,9-122.3mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (30 Listings)
Beds23
39%
Baths33
50%
Square foot1,5141,472
55%
Lot Size71,75753,655
61%
Price$850K$870K
42%
Price per square foot$561$599
23%
Built year19921993
48%
HOA$514$425
71%
Days on market204165
77%
Condition Rating
Fair

The property was built in 1992. The kitchen has white cabinets and tile countertops, which appear dated. The bathrooms have standard features. The overall condition appears to be maintained but not recently renovated, placing it in the 'Fair' category.
Pros & Cons

Pros

FHA and VA Approved: The property's FHA and VA approval broadens the potential buyer pool, making it accessible to more buyers.
Two Primary Suites: Having two primary suites offers flexibility and privacy, appealing to families or those seeking rental income potential.
Community Amenities: Access to community amenities like a pool, spa, jacuzzi, beach club, and tennis courts enhances the lifestyle and adds value.
Award-Winning Elementary School: Proximity to the award-winning Melinda Heights Elementary is a significant draw for families with young children.
Large Yard and Outdoor Space: The large yard and 'secret garden' backyard provide ample space for relaxation, recreation, and entertaining.

Cons

Potential for a Third Bedroom Needed: The description mentions the possibility of adding a third bedroom or loft, suggesting it's not currently a standard three-bedroom layout, which might deter some buyers.
Association Fees: The monthly association fee of $514 is relatively high and could be a deterrent for some buyers.
Original List Price Reduction: The property has already undergone a price reduction from its original list price, which may indicate challenges in attracting offers at the initial valuation.

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