Score
0Rancho Santa Margarita, CA
29935 Altisima
1.1M
3 beds
3 baths
1,500 sqft
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
0:000:00 / 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, 2015Mark Evan Affleck, Cindy Jean AffleckMark & Cindy Affleck Living Trust, Cindy Jean Affleck
Intrafamily Transfer
Non-Arm's Length Transactions
$500,000Financed
May 26, 2010Sandra Padgett, The Sandra Padgett TrustMark Evan Affleck, Cindy Jean Affleck
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 22, 2004Sandra PadgettSandra Padgett, Sandra Padgett Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$213,000Financed
Mar 27, 1998Shea 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
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageMiddle
7.0/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
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
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 51 Paseo Primero, Rancho Santa Margarita, CA 92688 | $910,000 | 1,384 | 3 | 3 | $65814.2% | 1/3/2025 |
| 57 Tierra Seguro, Rancho Santa Margarita, CA 92688 | $900,000 | 1,472 | 3 | 3 | $61120.2% | 10/3/2024 |
| 1 Via Acosta, Rancho Santa Margarita, CA 92688 | $1,040,000 | 1,495 | 3 | 3 | $6969.2% | 9/9/2024 |
| 44 Colorido, Rancho Santa Margarita, CA 92688 | $1,255,000 | 1,605 | 3 | 3 | $7822.1% | 9/18/2024 |
| 15 Desert Thorn, Rancho Santa Margarita, CA 92688 | $1,025,000 | 1,428 | 3 | 3 | $7186.3% | 9/6/2024 |
| 6 Via Trompeta, Rancho Santa Margarita, CA 92688 | $1,375,000 | 1,427 | 3 | 3 | $96425.8% | 9/1/2024 |
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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