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COSMETIC FIXER SPECIAL AND GREAT OPPORTUNITY IN CENTRAL RANCHO SANTA MARGARITA! Priced to reflect its condition, this 3-bedroom, 2.5-bath home offers 1,593 square feet on an approximately 4,800-square-foot lot in a desirable interior location with exceptional privacy and no homes directly behind. The home needs cosmetic updating, creating an excellent opportunity for a buyer to renovate and personalize it to their own tastes, budget and timeline. Several important improvements have already been completed, including recent fumigation, updated HVAC, new vinyl fencing along one side with a new side-yard access gate, and repairs to the opposite fence with new boards and concrete footings. Inside, the functional floor plan features vaulted ceilings and abundant natural light in the living room, formal dining area overlooking the private rear patio and tree-lined slope, and a kitchen with lots of cabinetry, tile countertops, breakfast bar, gas range, dishwasher and microwave - and open to the family room with cozy gas fireplace. Upstairs, the private primary suite enjoys peaceful tree-lined views, cathedral ceiling, abundant natural light, large walk-in closet and en-suite bath with dual sinks and shower-over-tub with large soaking tub. Two additional bedrooms with mirrored closet doors and a secondary full bath complete the upstairs. The rear concrete patio offers a peaceful, private setting with mature trees and comfortable separation from neighboring homes. One side yard features established planters, greenery, small trees and direct garage access; the opposite side offers additional space ideal for private plantings or a grassy pet area. Additional features include a 2-car attached garage with storage potential, 2-car driveway, separate indoor laundry room, downstairs powder room and under-stairs storage. Residents enjoy RSM community amenities including parks, pools and the Beach Club at the lake, plus in-tract pool, spa, clubhouse, playground and barbecue facilities. With a low 1.02% property tax rate, low HOA fees, desirable Central RSM location, private lot and pricing that reflects its cosmetic condition, this is a rare opportunity to make an established neighborhood home your own.
Listing agent: Thomas Droesch DRE #01444931 tom@droesch.com, Listing office: Coldwell Banker Realty
MLS data updated 10/16/2026, 10:01:06 PM PT
Source: CRMLS, MLS #: OC26218835
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 15, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,050,000Asking price recorded · Oct 15, 2026ZIP 92688 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
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