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27401 Pinuela
Mission Viejo, CA

27401 Pinuela

$1,130,000
4 bd • 3 ba • 1,680 sf

This analysis was generated by artificial intelligence on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$1,130,000

Price/Sq.Ft

$673

Year Built

1975

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Location in a Desirable Community: Mission Viejo is a well-regarded community known for its master-planned layout, good schools, and access to amenities like Lake Mission Viejo. This location appeal adds intrinsic value to the property. • Proximity to Highly-Rated Schools: The property is located near Carl Hankey Elementary (8/10) and Middle School (7/10), and Capistrano Valley High School (9/10), making it attractive to families with school-aged children. These high ratings are a significant selling point. • Large House with Potential: The property is described as a 'large house with lots of potential,' suggesting ample living space (1,680 sq ft) and room for customization. The 4 bedrooms and 3 bathrooms provide flexibility for various family sizes. • End of Cul-de-sac Location: Being at the end of a cul-de-sac offers added privacy, reduced traffic, and a safer environment for children. This is a desirable feature that can increase the property's value. • Greenbelt and Park-Like Setting: The property is surrounded by a greenbelt and has a 'park-like' rear setting, providing a natural and peaceful environment. This offers a unique advantage for outdoor enjoyment and a sense of seclusion. • 'Way Under Market Price': The description indicates that the property is 'way under market price', implying a potential value opportunity for buyers. A lower price point can be attractive to buyers looking for a good deal or a property they can renovate. • Recent Price Increase: The property experienced a 5.6% price increase on 2024-12-22, which could signal increased market demand or a correction in pricing. This could be a positive sign for buyers, but more data is needed.

The Bad

• Age of Home: Built in 1975, the house is 49 years old. This could mean outdated plumbing, electrical, and HVAC systems, which might need costly repairs or replacements. Homes of this age often require significant renovations to meet modern standards and codes. • Potential for Hidden Issues: Older homes can have hidden problems like foundation cracks, termite damage, or asbestos, which can result in unexpected and expensive repairs. A thorough inspection is crucial before purchase to identify these issues. • Need for Renovations: While the property is described as having 'light fixes', the age of the home implies that more extensive renovations might be required for a complete refresh. This can increase the overall cost of ownership and the timeline for moving in. • No Specific Details on 'Light Fixes': The property description mentions 'light fixes for fast turn around,' but it does not specify what these fixes entail. This lack of transparency makes it difficult to accurately assess the property's current condition and the extent of work needed. • Unclear HOA Fees: The property is located in Mission Viejo, which has a mandatory HOA. However, there is no mention of the exact HOA fee, making it difficult to calculate the monthly ownership costs. A lack of clarity on HOA fees is a red flag for potential buyers.

The Ugly

• Unknown Extent of 'Light Fixes': The property description vaguely mentions 'light fixes' but lacks detail. This ambiguity makes it difficult to assess the property's actual condition. Potential buyers need to be prepared for more extensive renovations than expected. • Potential for Major System Failures: Given the 1975 build year, the home's plumbing, electrical, and HVAC systems are likely nearing the end of their lifespan. These systems may require replacement, which can be very expensive, potentially costing $10,000-$30,000 or more depending on the scope of work. • Undisclosed Mello-Roos: The property may be subject to Mello-Roos, a special tax assessment. The absence of this information makes it difficult to accurately calculate the property's total tax burden. Mello-Roos can add hundreds or even thousands of dollars to annual property taxes. • High Estimated Insurance Cost: The estimated insurance cost is $4,068 per year, which is higher than the average for similar properties. This is likely due to the moderate fire risk (4/10), which can increase premiums. This can significantly increase monthly carrying costs. • Heat Risk: The property has a major heat risk (5/10), with 7 hot days per year and a 98th percentile temperature of 92°F. This can result in higher cooling costs during summer months and may require upgrades to the HVAC system. • Lack of Specific Upgrades: The property description does not mention specific upgrades or renovations, which suggests that significant work may be needed to modernize the home. This can be a deterrent for buyers looking for a move-in ready property. • Inconsistent Listing History: The property has been listed and made contingent multiple times over the past several months, which could indicate that there are issues that have caused previous deals to fall through. This requires investigation to determine if the issues are significant.

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

• Home Buyers Seeking a Fixer-Upper with Expansion Potential: Given the property's description as having 'light fixes' and being 'way under market price', buyers looking to customize a home and build equity could find this appealing. The large lot and cul-de-sac location offer expansion possibilities. • Families with School-Aged Children: The property’s proximity to highly-rated schools (Carl Hankey Elementary and Middle School, and Capistrano Valley High School) makes it ideal for families prioritizing education. The 8/10, 7/10, and 9/10 ratings, respectively, are a strong selling point. • Buyers Prioritizing Privacy and Natural Surroundings: The property is situated at the end of a cul-de-sac, surrounded by a greenbelt, and has a 'park-like' rear setting. This offers a sense of seclusion and access to outdoor space, appealing to buyers seeking a peaceful environment. • Buyers with a Household Income of $175,000+: Based on the estimated monthly mortgage payment (assuming 20% down and 7% interest), plus taxes and insurance, monthly housing costs could be around $6,000-$7,000. To comfortably afford this, a household income in the $175,000+ range is advisable, keeping housing costs below 40% of gross income. • Long-Term Investors with Renovation Experience: The property's potential for value increase through renovations, combined with its prime location and desirable features, makes it a good long-term investment for those willing to put in the effort and capital.

Not For

• Buyers Seeking a Move-In Ready Home: Given the description of 'light fixes for fast turnaround', this property will likely require some level of renovation and updates. Buyers looking for a fully updated, turnkey home may find this property unsuitable. • Budget-Conscious Buyers: While the property is described as 'way under market price', the overall price point of $1,130,000 and the potential for additional renovation costs may make it too expensive for budget-conscious buyers. Monthly expenses will also be elevated due to HOA fees and potential Mello-Roos assessments. • Buyers with an immediate need to commute to coastal areas: Mission Viejo is located inland and has longer commute times to coastal areas and major employment centers. Buyers who need to commute to these areas may find the location inconvenient, especially given traffic congestion on the 5 freeway and Crown Valley Parkway. • Buyers with Low Risk Tolerance: The moderate fire risk (4/10), combined with the need for renovations and the age of the home, may present too much risk for buyers seeking a low-maintenance, low-risk purchase. Additionally, the potential for Mello-Roos adds uncertainty to the property tax burden. • Buyers Seeking a Diverse Housing Market: Mission Viejo primarily consists of single-family homes, with limited options for condos or townhomes. Buyers looking for diverse housing options and price points may not find this area suitable.
Demographics
Area Median Income

$128,194

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 92°F

fireMODERATE

Insurance: Recommended

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• Renovation Costs: While described as having 'light fixes', the 1975 build year suggests potential for significant renovations. Hidden issues like outdated plumbing, electrical systems, and foundation problems may arise, increasing costs. Based on the home's age, budget at least $50,000-$100,000 for renovations, with the potential for higher costs. • Mello-Roos Assessments: Some areas of Mission Viejo are subject to Mello-Roos, a special tax assessment that funds infrastructure improvements. It is critical to determine if this property is subject to Mello-Roos and estimate the annual cost, as this will add to the total tax burden. This can increase monthly expenses by 10-20%. • HOA and Lake Membership Fees: Mission Viejo has a mandatory HOA and Lake Mission Viejo access requires a separate lease membership. Both of these have associated fees, which can be substantial. These fees can range from $300-$600 per month, depending on the level of coverage and amenities included. • Traffic and Commute Times: Mission Viejo is located inland, resulting in longer commutes to coastal areas and major employment centers. The 5 freeway and Crown Valley Parkway are prone to congestion during peak hours. Buyers should factor in commute time and costs. • School Overcrowding: While schools are generally well-regarded, some experience overcrowding. Research specific schools in the immediate area to understand class sizes and resources. This might affect the educational experience for children. • Microclimate: Mission Viejo has a warmer microclimate with less marine influence than coastal cities, which may be a negative for some buyers. The moderate fire risk (4/10) also requires careful consideration, as insurance premiums may be higher than in lower-risk areas. The 4/10 air quality risk and 4 bad air days per year are also potential concerns.
Insurance
Annual Cost

$4,068

$339 per month

Financials

Monthly Costs
Market Rent (4 bed)

$4,970

Get a detailed rental estimate on Zillow®
HOA Fee

$43

Price History

Property Taxes

$3,166
2024 Tax Assessment
2.1%from previous year
Assessed Value$311,027
Tax Rate1.02%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,016,667

-10.0% below list price

Median Price

$930,000

Based on 6 recent sales

Price per Sq.Ft

$589

Comparable Properties

58 Glenalmond Lane, Ladera Ranch, CA 92694
Price: $930,000
Sq.Ft: 1,682
Beds/Baths: 3/3
$/Sq.Ft:
$55317.8%
Sale Date: 11/14/2024
6 Earlywood, Ladera Ranch, CA 92694
Price: $1,332,000
Sq.Ft: 1,903
Beds/Baths: 3/3
$/Sq.Ft:
$7004.1%
Sale Date: 11/12/2024
96 Sansovino, Ladera Ranch, CA 92694
Price: $875,000
Sq.Ft: 1,580
Beds/Baths: 3/3
$/Sq.Ft:
$55417.7%
Sale Date: 10/14/2024
61 Fieldhouse, Ladera Ranch, CA 92694
Price: $1,328,000
Sq.Ft: 1,822
Beds/Baths: 3/3
$/Sq.Ft:
$7298.4%
Sale Date: 10/22/2024
27886 Aberdeen #45, Mission Viejo, CA 92691
Price: $740,000
Sq.Ft: 1,472
Beds/Baths: 3/3
$/Sq.Ft:
$50325.3%
Sale Date: 11/1/2024
45 Walbert Lane, Ladera Ranch, CA 92694
Price: $895,000
Sq.Ft: 1,801
Beds/Baths: 3/3
$/Sq.Ft:
$49726.1%
Sale Date: 9/27/2024

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