ActiveResidential · sale

15 Legacy Way

Rancho Santa Margarita, CA 92688

$1,099,900

  • 4 beds
  • 3 baths
  • 1,689 sq ft
  • 0.07 acres
  • Built 1998

Listed by Regency Real Estate Brokers · MLS #OC26191189

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1998.

Garage parking

2 garage spaces listed.

Property size

0.07 acres listed.

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

THE PROPERTY

Get to know the property.

Beautiful singlefamily home superbly located in the Traditions community in the highly desirable Las Flores area situated on an elevated lot backing to a greenbelt with no one behind and within walking distance of Oak Tree Park and Pool and Las Flores K8 School Wellmaintained Spanish influenced exterior architecture and manicured landscaping welcome you to the home Step inside and soak in the sleek laminate floors recessed lighting builtin surround sound system and a freshly painted neutral interior setting the stage for a superb living environment The living area features a tempered glass fireplace and builtin media nooks providing a cozy gathering space The dining area is open to the kitchen and to the living room with direct access through sliding doors to the backyard and patio providing an ideal indooroutdoor living space for entertaining friends and family The spacious kitchen features warm cabinetry Granite countertops StainlessSteel appliances including a new dishwasher and a center prep island This welldesigned floor plan includes a highly soughtafter main level bathroom with walkin shower and a bonus room with vaulted ceilings and builtin cabinetry and workstation perfect for an executive home office and can easily be converted into a 4th bedroom Travel upstairs to the Primary Bedroom Suite which features vaulted ceilings a walkin closet an ensuite primary bathroom with dual vanities and a private view balcony perfect for an evening glass of wine while enjoying sunsets and rolling hill views Upstairs also includes a guest bedroom suite with mirrored closet doors laminate floors and a full ensuite bathroom In addition the second level open loft space was previously converted to a spacious 3rd bedroom addition completed with permits You will love the convenience of the upstairs laundry room with fullsize appliance hookups and linen cupboards The backyard is a private oasis with a spacious patio with seating areas and a drought conscious cactus garden framed by glass fencing overlooking a lush greenbelt providing an ideal environment for entertaining relaxing and enjoying the panoramic mountain and hills views Features include Solar System direct access 2 gar garage with EV Car Charger upgraded window blinds throughout updated carpets and outdoor motion center lighting Located close to shopping and dining Tesoro High local parks nearby hiking and biking trails and easy 241 Toll Road Access

THE NEIGHBORHOOD

Explore the location.

15 Legacy Way, Rancho Santa Margarita, CA 92688

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1998
Full baths
3
Garage spaces
2
Cooling
CentralAir
Heating
ForcedAir
Appliances
Dishwasher,GasCooktop,Disposal,Microwave
Flooring
Carpet,Laminate
Fencing
Glass,Wood
Pool
No
Pool features
Community,Association
Spa
Yes
Subdivision
Traditions (TRAD)
Parcel
78017106
HOA
Traditions
HOA amenities
SportCourt,PicnicArea,Playground,Pickleball,Pool,SpaHotTub,TennisCourts,Trails
HOA fee frequency
Monthly
Elementary school
Las Flores
Middle school
Las Flores
High school
Tesoro
HOA fee
$118.00

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$4,582.92
Cap rate

Annual operating income:

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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 & interestLoan 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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15 Legacy Way, Rancho Santa Margarita, CA 92688 · MLS #OC26191189

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Listing information

MLS #OC26191189 · California Regional MLS

Listing brokerage: Regency Real Estate Brokers
Listing agent: Jordan Bennett

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.