Score
0Mission Viejo, CA
22581 Via Loyola
1.1M
4 beds
2 baths
1,463 sqft
4 bd • 2 ba • 1,463 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,149,000
Price/Sq.Ft
$785
Year Built
1974
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 1974-built home in Mission Viejo offers excellent value with numerous upgrades and a prime location. At $785.37/sqft, it's competitively priced compared to the area's median of $801/sqft. The 4-bedroom, 2-bathroom layout spanning 1,463 sqft is ideal for families or those needing extra space. Recent upgrades include a brand-new roof (2020), new furnace and AC system, remodeled bathrooms, and an updated kitchen with granite counters. The property boasts energy-efficient features like newer windows and an EV-ready charger in the garage. Its location at the end of a cul-de-sac provides privacy and reduced traffic. The absence of HOA fees (uncommon in Mission Viejo) offers significant monthly savings and freedom for customization. Proximity to top-rated schools (all rated 9/10) enhances its appeal for families. Climate risk is minimal for flood (1/10) and fire (1/10), reducing insurance costs and providing peace of mind.
The Bad
The property's age (built in 1974) may require ongoing maintenance and potential updates to older systems not recently renovated. At 1,463 sqft, it's smaller than many newer homes in the area, which could impact future resale value. The current price of $1,149,000 is at the higher end for homes of this size and age in Mission Viejo, potentially limiting the buyer pool. While there's no HOA, this means no access to community amenities unless separate membership is purchased (e.g., Lake Mission Viejo). The moderate air quality risk (4/10) and major heat risk (5/10) could necessitate increased use of the AC system, potentially leading to higher energy costs. The property has been on the market for 28 days with a recent price reduction, suggesting it may have been initially overpriced or that the market is softening.
The Ugly
The total monthly ownership costs are high, estimated at $7,500+ ($5,750 mortgage at 3% down + $958 property tax + $345 insurance + $450 utilities/maintenance). This requires a household income of at least $270,000 annually, based on a 33% debt-to-income ratio. The recent price reduction of 1.7% after less than a month on market could indicate overpricing or a cooling market, potentially impacting future appreciation. The major heat risk (5/10) with 7 extremely hot days per year could necessitate costly upgrades to improve energy efficiency and comfort. While currently minimal, wildfire risk in Southern California is increasing, which could lead to higher insurance premiums in the future. The lack of an HOA, while offering freedom, means no reserve funds for major community improvements, potentially impacting overall neighborhood desirability long-term.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for upper-middle-class families or professionals with household incomes above $270,000 annually. It's perfect for those prioritizing excellent schools, as all nearby schools are rated 9/10. The 4-bedroom layout suits growing families or those needing home office space. Buyers who value energy efficiency and modern upgrades will appreciate the recent renovations. It's also suitable for electric vehicle owners due to the EV-ready charger. Those seeking a low-maintenance exterior and privacy will enjoy the cul-de-sac location. Buyers who prefer customization and no HOA restrictions will find the lack of an HOA appealing. It's also ideal for those who want the option to join Lake Mission Viejo for recreational activities without mandatory fees.
Not For
This property is not suitable for first-time homebuyers or those with incomes below $270,000 due to high monthly costs. Investors seeking immediate high returns may find the price point challenging for profitable short-term rentals. Those requiring more than 1,463 sqft of living space or desiring a more modern, open-concept layout may find the 1974 design limiting. Buyers prioritizing walkability to amenities may be disappointed, as Mission Viejo is primarily car-dependent. Individuals sensitive to heat or with respiratory issues might struggle with the major heat risk (5/10) and moderate air quality risk (4/10). Those expecting included access to Lake Mission Viejo or other community amenities without additional fees will be disappointed by the lack of HOA.
Demographics
Area Median Income
$122,967
Property History
Price History
Ownership Timeline
$0Cash Purchase
May 26, 2005David Yu Ming Shen, Mee Fung ShenDavid Yu Ming Shen, Mee Fung Shen
Intrafamily Transfer
Non-Arm's Length Transactions
Property Taxes
$3,274
2024 Tax Assessment
2.2%from previous year
Assessed Value$328,746
Tax Rate1.00%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
6.7/10
GoodHigh
7.0/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,149,000
Price/sqft
$785
Layout
4 bd•2 ba
Days on market
27 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,190,333
3.5%
Your price is 3.5% below average
Median Price
$1,200,000
4.3%
Based on 6 recent sales
Price per Sq.Ft
$780
0.7%
Your price is 0.7% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 22752 Via Octavo, Mission Viejo, CA 92691 | $1,090,000 | 1,463 | 4 | 2 | $7455.1% | 11/1/2024 |
| 26331 Via Conchita, Mission Viejo, CA 92691 | $1,245,000 | 1,542 | 4 | 2 | $8072.8% | 10/21/2024 |
| 26636 Altanero, Mission Viejo, CA 92691 | $1,167,000 | 1,470 | 3 | 2 | $7941.1% | 9/26/2024 |
| 21721 Salado, Mission Viejo, CA 92691 | $1,200,000 | 1,544 | 3 | 2 | $7771.0% | 10/1/2024 |
| 26562 Via Noveno, Mission Viejo, CA 92691 | $1,240,000 | 1,640 | 4 | 2 | $7563.7% | 10/15/2024 |
| 26802 Rawhide Circle, Lake Forest, CA 92630 | $1,200,000 | 1,494 | 3 | 2 | $8032.3% | 9/6/2024 |
22752 Via Octavo, Mission Viejo, CA 92691
Price: $1,090,000
Sq.Ft: 1,463
Beds/Baths: 4/2
$/Sq.Ft:
$7455.1%
Sale Date: 11/1/2024
26331 Via Conchita, Mission Viejo, CA 92691
Price: $1,245,000
Sq.Ft: 1,542
Beds/Baths: 4/2
$/Sq.Ft:
$8072.8%
Sale Date: 10/21/2024
26636 Altanero, Mission Viejo, CA 92691
Price: $1,167,000
Sq.Ft: 1,470
Beds/Baths: 3/2
$/Sq.Ft:
$7941.1%
Sale Date: 9/26/2024
21721 Salado, Mission Viejo, CA 92691
Price: $1,200,000
Sq.Ft: 1,544
Beds/Baths: 3/2
$/Sq.Ft:
$7771.0%
Sale Date: 10/1/2024
26562 Via Noveno, Mission Viejo, CA 92691
Price: $1,240,000
Sq.Ft: 1,640
Beds/Baths: 4/2
$/Sq.Ft:
$7563.7%
Sale Date: 10/15/2024
26802 Rawhide Circle, Lake Forest, CA 92630
Price: $1,200,000
Sq.Ft: 1,494
Beds/Baths: 3/2
$/Sq.Ft:
$8032.3%
Sale Date: 9/6/2024
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