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38 Carnation, Rancho Santa Margarita, CA 92688

$845K3bd · 3ba · 1,325 sqft
Lot 43,258 sqft•HOA $309/mo•Condominium•
Active
•157d on market•MLS# OC-26096131

Property Description

*Kitchen Cabinets Just Painted* Welcome to 38 Carnation, a beautifully situated end-unit condo in the desirable Mission Greens community of Rancho Santa Margarita. This home offers a spacious, open, and inviting floor plan designed for comfortable everyday living and easy entertaining. The cozy kitchen features a convenient slider that opens directly to a private patio perfect for morning coffee, outdoor dining, or simply relaxing in your own quiet space. Inside, vaulted ceilings create an airy atmosphere while allowing abundant natural light to pour in, enhancing the home’s warm and welcoming feel. Upstairs, you’ll find two generously sized bedrooms along with well-appointed bathrooms, providing ample space for family, guests, or a home office. Living in Mission Greens means enjoying a peaceful, well-maintained neighborhood with lush surroundings and a true sense of community. One of the standout features of this location is its close proximity to Rancho Santa Margarita Lake, just minutes away. Residents can enjoy scenic walking trails, waterfront views, dining, and year-round outdoor activities, making it easy to embrace an active Southern California lifestyle. Conveniently located near shopping centers, restaurants, parks, and major freeways, this home offers the perfect balance of tranquility and accessibility. Whether you’re commuting or staying local, everything you need is within reach. Don’t miss the opportunity to own a bright and charming home in one of Rancho Santa Margarita’s most sought-after communities.

Features & Amenities

FeeBuilt 1986

Property Details

Land Type
Fee
Year Built
1986
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
None
City
Rancho Santa Margarita
Zip Code
92688
County
Orange
Listed byUnknown Office, Erica Johnson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,272.78
Principal & Interest
Loan Amount
$676,000
Total Interest
$862,201
Total Payment Over 30 Years
$1,538,201
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

38 Carnation, Rancho Santa Margarita, CA 92688

Rancho Santa Margarita · Condominium

$845K
Affordable Tier
Beds
3
Baths
3
Sqft
1,325
Lot
43,258 sqft
Year
1986
$/Sqft
$638
Pool: Yes✓
View: None✓
Garage: 2-car✓

Listed 7.1% below the median closed sale of $910,000. Closed comps sold at 102% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $845K· $638/sqft
Total list price
Closed comps
vs closed median $910K
−$65K (−7.1%)
Active comps
vs active median $800K
+$45K (+5.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $675
−$37 (−5.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
9 GeraniumRancho Santa Margarita1986331,1740$690$810,0007795
42 Paseo VientoRancho Santa Margarita1997231,25637,713$665$835,000290
105 Via ViciniRancho Santa Margarita1999231,22836,679$651$799,9992388
17 AubrietaRancho Santa Margarita1988321,14316,918$699$799,0003986
7 Pasto RicoRancho Santa Margarita1989231,0910$669$729,9886585
Total: 5 · Average2.42.81,178.430,436.667$674.8$794,797.441.2
Median1,174$799,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
67 Wild HorseRancho Santa Margarita198710/06/2026331,46048,609$905,000$920,000$6301.022495
17 Calle De VidaRancho Santa Margarita199707/29/2026331,3720$859,999$915,000$6671.064293
26 Bloomfield LaneRancho Santa Margarita199908/03/2026331,43862,878$899,000$910,000$6331.014588
30 Paseo EstrellasRancho Santa Margarita199107/21/2026231,23125,194$715,000$715,000$5811.004588
107 PomeloRancho Santa Margarita199507/30/2026231,13338,790$719,800$730,000$6441.011986
Total: 5 · Average2.63.01,326.843,867.75$838,000$838,000$631—35
Median1,372$910,000$910,000

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.