ActiveResidential · sale

11 Pyrite

Rancho Santa Margarita, CA 92688

$1,149,000

  • 4 beds
  • 3 baths
  • 1,994 sq ft
  • 0.1 acres
  • Built 1999

Listed by Regency Real Estate Brokers · MLS #OC26138016

11 Pyrite, Rancho Santa Margarita, CA 92688 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1999.

Garage parking

2 garage spaces listed.

Property size

0.1 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to Melinda Heights one of Rancho Santa Margaritas most desirable communities This 4bedroom 25bath home features an open great room floor plan where the living room dining area and kitchen flow together seamlessly creating an inviting space for everyday living and entertaining The living room features a gas fireplace ceiling fan inceiling surround sound speakers crown molding and a builtin wine rack with a wine refrigerator for those evenings when its time to unwind The kitchen offers a breakfast bar with granite countertops for casual meals stainless steel appliances plus a walkin pantry A downstairs bedroom with an adjacent powder room offers endless flexibility It can easily become a guest room home office or exercise room Upstairs youll find an oversized primary suite with so much space you may have to go furniture shopping just to fill it And when it comes to closets youll love having not one but two walkin closets The primary bathroom features dual vanities a soaking tub walkin shower and is mostly original giving you the opportunity to update it over time and truly make it your own Two additional bedrooms are generously sized and each include ceiling fans crown molding and their own walkin closets perfect for growing families A full bathroom linen closet and dedicated upstairs laundry room complete the second floor Enjoy a lowmaintenance yard with mature landscaping a grassy area for kids or pets to play and a builtin BBQ with a mounted TV thats ready for summer cookouts birthday parties football Sundays or simply relaxing after a long day A twocar garage features builtin storage cabinets making it easy to keep seasonal decorations sporting equipment and everyday essentials neatly organized Located just minutes from Melinda Heights Elementary School Altisima Park scenic hiking and biking trails at ONeill Regional Park shopping dining and convenient access to the 241 Toll Road As a resident of RSM youll enjoy HOA amenities including four junior Olympicsized pools tennis pickleball sport courts parks playgrounds and exclusive access to the Beach Club and Lagoon If youve been dreaming of homeownership and searching for a home where you can add your own personal style over time this home is it Bring your ideas make it your own and enjoy everything this wonderful community has to offer Low HOA dues and no MelloRoos make this home an exceptional value
Explore the locationMore properties in Rancho Santa Margarita

THE NEIGHBORHOOD

Explore the location.

11 Pyrite, Rancho Santa Margarita, CA 92688

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1999
Full baths
2
Half baths
1
Garage spaces
2
Cooling
CentralAir,HighEfficiency
Heating
Central
Appliances
Dishwasher,ElectricOven,FreeStandingRange,GasOven,GasRange,Microwave,Refrigerator,VentedExhaustFan
Flooring
Carpet,Tile,Vinyl
Utilities
CableAvailable,SewerConnected
Fencing
StuccoWall,Vinyl,Wood
Accessibility
None
Pool
No
Pool features
Community,Association
Spa
Yes
Subdivision
Emerald Ridge Liberty (ERLH)
Parcel
83666105
HOA
Emerald Ridge
HOA amenities
Clubhouse,ControlledAccess,GameRoom,MeetingBanquetPartyRoom,Barbecue,PicnicArea,Playground,Pool,RecreationRoom,SpaHotTub
HOA fee frequency
Monthly
Elementary school
Melinda Heights
Middle school
Rancho Santa Margarita
High school
Trabucco Hills
HOA fee
$75.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$4,787.50
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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11 Pyrite, Rancho Santa Margarita, CA 92688 · MLS #OC26138016

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Property inquiries go to help@erabrokers.com.

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Listing information

MLS #OC26138016 · California Regional MLS

Listing brokerage: Regency Real Estate Brokers
Listing agent: Ines Negrete

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.