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29935 Altisima
Score
0
Rancho Santa Margarita, CA

29935 Altisima

1.1M
3 bd • 3 ba • 1,500 sf

This analysis was generated on 2/7/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$1,149,000

Price/Sq.Ft

$766

Year Built

1997

AI Property Analysis

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

The Good

• Located in the highly desirable Melinda Heights neighborhood, known for its family-friendly atmosphere and well-maintained homes. • The property is situated on a single-loaded cul-de-sac, offering increased privacy and reduced traffic. • The 5,300 sqft lot is larger than average for the area and provides ample space for outdoor activities and potential pool installation. The average lot size in RSM is closer to 4,000 sqft. • Backing up to O’Neil Regional Park provides a serene and private backyard setting with no rear neighbors. • Walking distance to Melinda Heights Elementary School (rating 7/10) and Altisima Park, making it ideal for families with young children.

The Bad

• The price per square foot ($766) is on the higher end compared to some other areas in South Orange County, although it's important to compare it specifically to recent sales of similar homes in Melinda Heights. A broader search of Rancho Santa Margarita real estate indicates an average of $600-$700 per square foot in early 2024. • The home was built in 1997, meaning some systems and appliances may be nearing the end of their lifespan. Budget for potential replacements or repairs, such as the HVAC system, water heater, or roof. • The listing mentions stainless steel appliances but doesn't specify their age or condition. A home inspection should assess their functionality and remaining lifespan.

The Ugly

• The estimated annual insurance cost of $4,136.4 is significantly higher than the average homeowner's insurance premium in California, primarily due to the Severe fire risk. The average California premium is around $1,200 per year. This high cost will impact the overall affordability of the property. • The property history shows a substantial price increase of 129.8% since it was last listed for sale in 2010. While real estate values have generally increased, it's crucial to ensure the current price aligns with comparable sales and market conditions to avoid overpaying. • Despite the open floor plan, 1,500 sqft is relatively modest for a 3-bedroom home, potentially feeling cramped for larger families. The average size of a 3-bedroom home in RSM is closer to 1,700-2,000 sqft.

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

• First-time homebuyers seeking a family-friendly neighborhood with good schools and parks. The proximity to Melinda Heights Elementary (rated 7/10) and Altisima Park makes it ideal for families with young children. • Buyers who appreciate a low-maintenance backyard and privacy. Backing up to O’Neil Regional Park with no neighbors on one side provides a serene and secluded outdoor space. • Individuals valuing convenient access to outdoor activities. The location provides easy access to bike and hiking trails. • Buyers comfortable with potential additional costs. Mello Roos and HOA fees are common in RSM, so buyers should budget for these expenses.

Not For

• Buyers sensitive to air quality issues. The Major air quality risk (5/10) and 6 bad air days per year may be a concern for individuals with respiratory conditions. • Buyers requiring a short commute to major employment centers. RSM's inland location can result in longer commute times to areas like Irvine or Los Angeles. • Buyers seeking diverse community environments. RSM has historically been less diverse than other parts of Southern California.
Demographics
Area Median Income

$127,522

Property History

Price History
Ownership Timeline
$0Cash Purchase
Aug 13, 2015
Mark Evan Affleck, Cindy Jean AffleckMark & Cindy Affleck Living Trust, Cindy Jean Affleck
Intrafamily Transfer
Non-Arm's Length Transactions
$500,000Financed
May 26, 2010
Sandra Padgett, The Sandra Padgett TrustMark Evan Affleck, Cindy Jean Affleck
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 22, 2004
Sandra PadgettSandra Padgett, Sandra Padgett Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$213,000Financed
Mar 27, 1998
Shea Homes Ltd Partnership, Dba Shea HomesSandra Padgett
Grant Deed
Standard Sale (Purchase/Resales)

Property Taxes

$6,536
2024 Tax Assessment
2.4%from previous year
Assessed Value$632,624
Tax Rate1.03%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

fireSEVERE

Insurance: Required

airMODERATE

6 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 95°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• **High Fire Risk:** The Severe fire risk (8/10) necessitates a thorough review of insurance options and potential mitigation measures, such as fire-resistant landscaping and home hardening. • **Mello Roos and HOA Fees:** These additional costs can significantly impact monthly housing expenses. Obtain accurate figures for Mello Roos and understand the coverage and restrictions of the HOA. • **Air Quality:** The Major air quality risk (5/10) may require air purifiers or other measures to improve indoor air quality, adding to ongoing expenses. • **Limited Public Transportation:** Reliance on personal vehicles can be a drawback for those who prefer public transportation. • **Resale Value Fluctuations:** Market conditions, Mello Roos, and HOA fees can influence resale value. Monitor local market trends and consider long-term projections.
Insurance
Annual Cost

$4,136

$345 per month

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Schools

Trabuco Hills High School

Public•Grades 9-12
8/10
High
2,821 students

Melinda Heights Elementary School

Public•Grades K-6
8/10
Elementary
1,010 students

Rancho Santa Margarita Intermediate School

Public•Grades 7-8
7/10
Middle
1,229 students

Trabuco Elementary School

Public•Grades K-6
0/10
Elementary
76 students

Financials

Monthly Costs
Market Rent (3 bed)

$4,160

Get a detailed estimate on Zillow®
HOA Fee

$224

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,149,000
Price/sqft
$766
Layout
3 bd•3 ba
Days on market
2 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,084,167

6.0%

Your price is 6.0% above average

Median Price

$1,040,000

10.5%

Based on 6 recent sales

Price per Sq.Ft

$738

3.8%

Your price is 3.8% above average $/sqft

Comparable Properties

51 Paseo Primero, Rancho Santa Margarita, CA 92688
Price: $910,000
Sq.Ft: 1,384
Beds/Baths: 3/3
$/Sq.Ft:
$65814.2%
Sale Date: 1/3/2025
57 Tierra Seguro, Rancho Santa Margarita, CA 92688
Price: $900,000
Sq.Ft: 1,472
Beds/Baths: 3/3
$/Sq.Ft:
$61120.2%
Sale Date: 10/3/2024
1 Via Acosta, Rancho Santa Margarita, CA 92688
Price: $1,040,000
Sq.Ft: 1,495
Beds/Baths: 3/3
$/Sq.Ft:
$6969.2%
Sale Date: 9/9/2024
44 Colorido, Rancho Santa Margarita, CA 92688
Price: $1,255,000
Sq.Ft: 1,605
Beds/Baths: 3/3
$/Sq.Ft:
$7822.1%
Sale Date: 9/18/2024
15 Desert Thorn, Rancho Santa Margarita, CA 92688
Price: $1,025,000
Sq.Ft: 1,428
Beds/Baths: 3/3
$/Sq.Ft:
$7186.3%
Sale Date: 9/6/2024
6 Via Trompeta, Rancho Santa Margarita, CA 92688
Price: $1,375,000
Sq.Ft: 1,427
Beds/Baths: 3/3
$/Sq.Ft:
$96425.8%
Sale Date: 9/1/2024

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