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1501 Lasso, 202, Rancho Mission Viejo, CA 92694

$689K2bd · 2ba · 1,204 sqft
Lot 50,668 sqft•HOA $246/mo•Condominium•
Active
•65d on market•MLS# OC-26173462

Property Description

SELLER OFFERING UP TO $25,000 BUYER CREDIT — MAY BE USED TOWARD ELIGIBLE CLOSING COSTS AND/OR A TEMPORARY 3-2-1 RATE BUYDOWN. Newer construction, effortless living, and the Rancho Mission Viejo lifestyle come together in this 2023 Lennar-built residence in Rienda. A second-floor, single-level floor plan puts two bedrooms, two full baths, and approximately 1,204 square feet of open, light-filled space all on one level. An attached private one-car garage, leased solar, and lovely views complete the picture. The setting is the story here. Boulder Pond & Playground sits roughly [0.1] miles from the front door — a 3.5-acre pond with about half a mile of paths for morning laps and evening strolls. The Ranch’s amenity centers are approximately [0.5] miles from the home, bringing the fitness center, spa, and pools within easy reach, with Ranch Camp and The Rienda Plunge nearby as well. Beyond that: clubhouses, pickleball courts, parks, community farms, sports facilities, and miles of scenic trails. FINANCING INCENTIVE: Seller is offering up to a $25,000 credit to the buyer, which may be applied toward allowable closing costs and/or an eligible temporary 3-2-1 interest-rate buydown. A 3-2-1 buydown may reduce the buyer’s initial payment rate by up to 3 percentage points during the first year, 2 percentage points during the second year, and 1 percentage point during the third year before payments are based on the full note rate thereafter. Credit amount, availability, buyer eligibility, and buydown terms are subject to the accepted offer, lender approval, loan-program requirements, and applicable contribution limits. Buyer to verify all financing terms and eligibility with buyer’s lender. Low-maintenance, newer construction, and surrounded by recreation, this is Southern California living without the upkeep. Come experience what makes Rienda different.

Features & Amenities

FeeBuilt 2023

Property Details

Land Type
Fee
Year Built
2023
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Cooling
Central Air, Heat Pump
View
Canyon, Hills, Trees/Woods
City
Rancho Mission Viejo
Zip Code
92694
County
Orange
Listed byUnknown Office, Yuliia Andrieieva

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$3,483.96
Principal & Interest
Loan Amount
$551,200
Total Interest
$703,025
Total Payment Over 30 Years
$1,254,225
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1501 Lasso, 202, Rancho Mission Viejo, CA 92694

Rancho Mission Viejo · Condominium

$689K
Affordable Tier
Beds
2
Baths
2
Sqft
1,204
Lot
1.16 ac
Year
2023
$/Sqft
$572
Pool: Yes✓
View: Canyon, Hills, Trees/Woods✓
Garage: 1-car✓

Listed 5.4% above the median closed sale of $654,000. Price per sqft ($572) is a 13% discount to closed comps ($659). Closed comps sold at 100% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $689K· $572/sqft
Total list price
Closed comps
vs closed median $654K
+$35K (+5.4%)
Active comps
vs active median $699K
−$10K (−1.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $608
−$36 (−5.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1501 Lasso WayRancho Mission Viejo2023221,08950,668$642$699,000397
1501 Lasso WayRancho Mission Viejo2023221,25150,668$583$729,00016496
1500 Lasso WayRancho Mission Viejo2023221,03650,668$642$665,000195
1300 Lasso WayRancho Mission Viejo2023221,251111,338$624$780,0007391
1000 LassoRancho Mission Viejo2023221,251111,338$547$684,90012290
Total: 5 · Average2.02.01,175.674,936$607.6$711,58072.6
Median1,251$699,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1200 Lasso WayRancho Mission Viejo202306/05/2026221,2510$689,000$689,000$5511.005496
1100 Lasso WayRancho Mission Viejo202307/17/2026221,0360$650,000$650,000$6271.0017594
1401 Lasso WayRancho Mission Viejo202206/09/2026221,0360$649,900$649,900$6271.0011793
1301 Lasso WayRancho Mission Viejo202205/08/2026221,089111,338$649,900$654,000$6011.0110587
833 Sunrise RoadRancho Mission Viejo202305/18/2026221,1125,616$984,000$990,000$8901.015287
Total: 5 · Average2.02.01,104.858,477$726,580$726,580$659.2—100.6
Median1,089$654,000$654,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.