55 Tradition Lane, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, - bed, bath

home-pic
ACTIVE$1,199,999
55 Tradition Lane, Rancho Santa Margarita, California 92688
3Beds
3Baths
1,835Sqft
3,713Lot
Year Built
1998
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
-
HOA
$113
Days on market
-
Sold On
-
MLS number
OC25069974
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 55 Tradition Lane, a beautifully upgraded home situated on a premium corner lot in the private Traditions tract of the desirable Las Flores community. This residence offers 3 bedrooms plus a spacious loft, which was a builder option for a 4th bedroom, providing flexibility to suit your needs. This 1,835 square foot home features 3 bathrooms and sits on a 3,711 square foot lot. The corner lot location allows for an abundance of natural light to fill the interior spaces, creating a warm and inviting atmosphere. Residents of this home will appreciate its proximity to top-rated schools, including Las Flores Elementary and Las Flores Middle School, both rated 9/10 by GreatSchools and located just 0.2 and 0.1 miles away, respectively. The community offers a range of amenities, including parks, trails, and recreational facilities, providing an exceptional lifestyle in Rancho Santa Margarita. Don’t miss this opportunity to own a stunning home in a prime location with ample natural light and versatile living spaces!

Nearby schools

7/10
Las Flores Elementary School
Public,K-50.1mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (96 Listings)
Beds34
38%
Baths33
50%
Square foot1,8352,018
42%
Lot Size3,7134,550
16%
Price$1.2M$1.27M
39%
Price per square foot$654$640
57%
Built year19981994
78%
HOA$113$87
63%
Days on market220162
89%
Condition Rating
Good

The property was built in 1998. The kitchen has been updated with stainless steel appliances and granite countertops. The bathrooms appear to be updated as well. The flooring looks to be in good condition. Overall, the property appears to be well-maintained and move-in ready, but not recently fully renovated.
Pros & Cons

Pros

Premium Corner Lot: Located on a premium corner lot, providing more privacy and potentially larger outdoor space.
Abundant Natural Light: The corner lot location allows for an abundance of natural light, creating a warm and inviting atmosphere.
Top-Rated Schools: Proximity to top-rated schools, including Las Flores Elementary and Las Flores Middle School (both rated 9/10).
Community Amenities: Access to community amenities such as parks, trails, and recreational facilities.
Flexible Living Space: Features 3 bedrooms plus a spacious loft, which could be converted into a 4th bedroom.

Cons

HOA Fees: Monthly HOA fees of $113.00 add to the overall cost of ownership.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market challenges or perceived overpricing initially.
Small Lot Size: The lot size is relatively small at 3,711 square feet, potentially limiting outdoor activities and expansion possibilities.

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