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27897 Cinnamon, Mission Viejo, CA 92691

$589K2bd · 1ba · 800 sqft
Lot 311,358 sqft•HOA $505/mo•Condominium•
Active
•69d on market•MLS# OC-26186801

Property Description

Welcome to this beautifully maintained upper-level condo in the desirable Rainbow Ridge community of Mission Viejo. This thoughtfully maintained 2-bedroom residence offers a flexible, functional layout designed to adapt to the rhythms of everyday life. The open-concept layout creates a bright, airy feel. The second bedroom lends itself effortlessly to a variety of uses, whether as a home office, guest room, or an extension of the main living space, providing versatility to fit a range of needs. The kitchen is both practical and inviting, offering generous workspace, ample cabinetry, and a natural flow into the dining and living areas, making it well suited for both daily routines and casual gatherings. The unit includes a washer. Residents of Rainbow Ridge can enjoy the ease of access to a nearby shopping plaza without a long drive. The shopping plaza is within 5 minuts walk or less than 3 minutes drive. The drive to Laguna Beach is only about 27 minutes or less. Residents of Rainbow Ridge enjoy access to community pools and a spa. Ownership also includes membership to Lake Mission Viejo, offering access to private beaches, boating, paddleboarding, summer concerts, and a variety of seasonal events and recreational activities throughout the year.

Features & Amenities

FeeBuilt 1981

Property Details

Land Type
Fee
Year Built
1981
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
Park/Greenbelt, Trees/Woods
Flooring
Laminate, Tile
Roof
Flat
City
Mission Viejo
Zip Code
92691
County
Orange
Listed byHomeSmart, Evergreen Realty, Steve Faghih

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,978.30
Principal & Interest
Loan Amount
$471,200
Total Interest
$600,990
Total Payment Over 30 Years
$1,072,190
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

27897 Cinnamon, Mission Viejo, CA 92691

Mission Viejo · Condominium

$589K
Affordable Tier
Beds
2
Baths
1
Sqft
800
Lot
7.15 ac
Year
1981
$/Sqft
$736
Pool: No✓
Spa: No✓
View: Park/Greenbelt, Trees/Woods✓
Garage: 1-car✓

Listed 4.2% below the median closed sale of $615,000. Price per sqft ($736) is a 11% premium to closed comps ($666). Closed comps sold at 101% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $589K· $736/sqft
Total list price
Closed comps
vs closed median $615K
−$26K (−4.2%)
Active comps
vs active median $589K
$0 (0.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $656
+$80 (+12.2%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
27808 VioletMission Viejo198921840106,139$701$589,0003991
20702 El Toro RdLake Forest198022916362,186$600$549,9951889
210 California CourtMission Viejo199322843413,109$711$599,0005387
21122 AquaMission Viejo19892294261,235$657$618,8888185
274 California CourtMission Viejo19942290042,997$611$550,0001082
Total: 5 · Average2.01.8888.2197,133.2$656$581,376.640.2
Median900$589,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
201 California CourtMission Viejo199409/28/2026118720$499,900$505,000$5791.018288
27977 IvoryMission Viejo198902/26/202621840129,077$579,900$580,000$6901.002187
27844 VioletMission Viejo198604/23/2026229420$625,000$625,000$6631.004987
165 California CourtMission Viejo199307/28/20262284394,342$620,000$630,000$7471.024085
27974 CrimsonMission Viejo198809/28/202622942871$609,900$615,000$6531.016685
Total: 5 · Average1.81.6887.874,763.333$591,000$591,000$666.4—51.6
Median872$615,000$615,000

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.