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Sold for $499,000
  • Listing Provided by: Lion Heart Realty
    Bought with: HomeSmart, Evergreen Realty
    $499,000

    25 Picazo #103, Rancho Santa Margarita, CA 92688

    2beds
    670sqft
    Condominium
    Built in 1987
    -- sqft lot
    $501,700 Zestimate®
    $745/sqft
    $2,491 Estimated rent

    Home value

    $501,700

    $462,000 - $547,000

    $2,491/mo

    Zestimate® history
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    What's special

    This is the one you’ve been waiting for - the lowest priced 2 bedroom, 1 bath condo in Rancho Santa Margarita! Fully remodeled and move-in ready, this charming Spanish-style condo offers modern living in a serene, resort style setting with lake access. With thoughtful upgrades throughout, you’ll love calling this ground floor unit your new home. Step inside to discover all new luxury, modern, plank flooring, fresh paint, and a completely updated kitchen featuring upgraded countertops, cabinets, sink and garbage disposal, plus upgraded dishwasher, stove, microwave and refrigerator. All appliances are included in the sale price. The bathroom has also been beautifully recently remodeled with shower/tub, new vanity and new toilet. Full sized, side by side washer and dryer in laundry closet. This light filled home offers ample closet space and extra storage in the enclosed patio. Enjoy easy access with a prime ground-floor location, just steps from your carport and additional permitted parking - with guest parking and street parking available as well. As an end unit tucked alongside a tree lined green belt, you’ll enjoy added privacy and a peaceful outdoor atmosphere. Relax on your private gated patio or take advantage of the community pool and spa just steps away. Unbeatable location: just minutes from the RSM lake which offers a beach experience with its sand bottom swimming lagoon and catch and release fishing. Access to RSM (SAMLARC) amenities: community hosted events, Olympic size swimming pools, sand volleyball, tennis and basketball courts. Paseo shopping center, restaurants, parks, and four grocery stores - are all within a short distance! Don’t miss this rare opportunity - schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Justin Schaller DRE #01457879 949-910-8253,

    Lion Heart Realty,

    Co-Listing Agent: Rebecca Hinkle DRE #01908059 818-425-4118,

    Lion Heart Realty

    Bought with:

    Lanny Moeljanto, DRE #01971976

    HomeSmart, Evergreen Realty

    Source: CRMLS,MLS#: OC25097274MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Bedroom
    • Features: All Bedrooms Down
    Bathroom
    • Features: Bathtub, Remodeled, Soaking Tub
    Kitchen
    • Features: Quartz Counters
    Cooling
    • Central Air, Dual
    Appliances
    • Included: Gas Oven, Microwave, Water Heater, Dryer, Washer
    • Laundry: Laundry Closet, In Kitchen
    Features
    • All Bedrooms Down
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls,End Unit,No One Below
    Interior area
    • Total interior livable area: 670 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned, Carport
    • Garage spaces: 1
    • Carport spaces: 1
    • Covered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: ground
    • Patio & porch: Concrete, Covered, Open, Patio
    • Pool features: Community, In Ground, Association
    • Has view: Yes
    • View description: Courtyard, Park/Greenbelt
    Lot
    • Size: 1.08 Acres
    Details
    • Parcel number: 93195495
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Mediterranean,Spanish
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1987

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Curbs, Fishing, Gutter(s), Lake, Park, Pool
    Location
    • Region: Rancho Santa Margarita
    • Subdivision: Other

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $399 monthly
    • Amenities included: Call for Rules, Maintenance Grounds, Insurance, Pool, Pet Restrictions, Trash
    • Association name: Samlarc
    • Association phone: 949-716-3998
    • Second HOA fee: $87 monthly

    Other

    Other facts
    • Listing terms: Conventional

    Price history

    DateEventPrice
    8/23/2025Listing removed$2,595$4/sqft
    Source: Zillow Rentals Report a problem
    6/27/2025Listed for rent$2,595+5.9%$4/sqft
    Source: Zillow Rentals Report a problem
    6/9/2025Sold$499,000+0.8%$745/sqft
    Source: CRMLS #OC25097274 Report a problem
    5/13/2025Pending sale$495,000$739/sqft
    Source: CRMLS #OC25097274 Report a problem
    5/2/2025Listed for sale$495,000+147.5%$739/sqft
    Source: CRMLS #OC25097274 Report a problem
    5/25/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    5/8/2022Price change$2,450-3%$4/sqft
    Source: Zillow Rental Network Premium Report a problem
    5/2/2022Price change$2,525-2.9%$4/sqft
    Source: Zillow Rental Network Premium Report a problem
    4/19/2022Listed for rent$2,600$4/sqft
    Source: Zillow Rental Network Premium Report a problem
    7/18/2008Sold$200,000-36.3%$299/sqft
    Source: Public Record Report a problem
    7/8/2005Sold$314,000$469/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,696 +1.7%$257,541 +2%
    2024$2,650 +2.3%$252,492 +2%
    2023$2,590 +1.7%$247,542 +2%
    2022$2,547 +19.4%$242,689 +2%
    2021$2,133 -14%$237,931 +1%
    2020$2,480 $235,492 +2%
    2019$2,480 -10.7%$230,875 +2%
    2018$2,778 +0.1%$226,349 +2%
    2017$2,776 $221,911 +2%
    2016$2,776 -7.4%$217,560 +1.5%
    2015$2,996 +9.5%$214,293 +14%
    2014$2,735 $188,000 +25%
    2013-- $150,400
    2012-- $150,400 -6%
    2011-- $160,000 -3.6%
    2010-- $166,000 -8.3%
    2009-- $181,000 -25.2%
    2008-- $242,000 -24.4%
    2007-- $320,280 +2%
    2006-- $314,000 +97.6%
    2005-- $158,867 +2%
    2004-- $155,752 +1.9%
    2003-- $152,898 +53.5%
    2002-- $99,634 +2%
    2001$1,668 +4.5%$97,681 +8.5%
    2000$1,597 $90,000

    Find assessor info on the county website

    Neighborhood: 92688

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $501,700
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    Estimated market value
    $501,700