56 Coventry Lane 293, Aliso Viejo, California 92656, Aliso Viejo, - bed, bath

home-pic
ACTIVE$499,000
56 Coventry Lane 293, Aliso Viejo, California 92656
1Bed
1Bath
685Sqft
124,296Lot
Year Built
1985
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
-
HOA
$473.4
Days on market
-
Sold On
-
MLS number
PW25079709
Home ConditionFair
Features
Good View: Hills
Deck
ViewHills

About this home

Opportunities like this don’t come around often—this upper-level 1-bedroom condo is located in a community that is both VA and FHA approved, a rare find in today’s market. Whether you're a first-time buyer using an FHA loan or a veteran looking to take advantage of VA benefits, this home opens doors that many others simply can't. Well-maintained and full of charm, this condo offers comfort, convenience, and exceptional value in the heart of Aliso Viejo. Just minutes from world-class beaches, premier shopping, and endless South OC sunshine, it's perfectly situated in a beautifully kept community. Even better, this home features an unusually low tax rate with no Mello-Roos. The current owner pays just 1.011%—well below the 1.25% average for California, and especially rare in newer areas like Aliso Viejo where many owners pay tax rates near and above 1.5%. Highlights include a private entry porch, 1-car garage, ample guest parking, and a spacious living area with tile flooring throughout—ideal for relaxing or entertaining. Enjoy peaceful peek-a-boo views of the surrounding hills, offering a touch of nature just outside your door. With quick access to the 73 Toll Road and 5 Freeway, getting around SoCal is a breeze. Whether you’re buying your first home, investing, or just looking for low-maintenance living in one of Orange County’s most desirable cities, this one checks all the boxes. Don’t miss this rare opportunity—schedule your showing today!

Nearby schools

6/10
Wood Canyon Elementary School
Public,K-51.4mi
8/10
Don Juan Avila Middle School
Public,6-81.7mi
9/10
Aliso Niguel High School
Public,9-120.9mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (116 Listings)
Beds12
14%
Baths13
19%
Square foot6851,216
11%
Lot Size124,296118,572
53%
Price$499K$800K
7%
Price per square foot$728$673
73%
Built year19851990
14%
HOA$473.4$425
69%
Days on market205154
81%
Condition Rating
Fair

The property was built in 1985. The kitchen has older appliances (white dishwasher and stove) and tile countertops. The bathroom also appears original with older vanity and lighting. The tile flooring throughout is practical but not modern. Overall, the property appears maintained but outdated, requiring minor updates.
Pros & Cons

Pros

VA/FHA Approved Community: Located in a community that is both VA and FHA approved, expanding the pool of potential buyers and financing options.
Low Tax Rate: The property benefits from an unusually low tax rate of 1.011%, significantly lower than the California average, making it more affordable for homeowners.
Convenient Location: Offers quick access to the 73 Toll Road and 5 Freeway, providing easy commuting throughout Southern California.
Garage and Guest Parking: Includes a 1-car garage and ample guest parking, addressing common parking concerns in condo communities.
View: The property offers 'peaceful peek-a-boo views of the surrounding hills', enhancing its appeal.

Cons

Outdated Condition: The property appears maintained but outdated, requiring minor updates to appeal to modern buyers.
Limited Square Footage: With only 685 sqft, the condo may feel small for some buyers, especially those needing more space.
Upper-Level Unit: Being an upper-level unit, accessibility might be a concern for some buyers, particularly those with mobility issues or preferences for ground-floor living.

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