
Lake Forest, California 92610
This Turnkey Townhouse is a High-Potential Investment Opportunity, listed at $1,185,000—positioned well below the $1,211,857 Fair Market Value by 2%. This valuation gap offers $26,857 in Instant Equity for the buyer. Featuring a Mint Condition Rating, this former model home includes a dedicated first-floor suite, modern open-concept kitchen, and scenic park views. Located in the Saddleback Valley Unified district, this property is an ideal acquisition for Owner-Occupants seeking a luxury lifestyle or first-time buyers prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 101 Alder Ridge Subject | $1,185,000* List Price | 4 | 4 | 2,152 | $563 | - |
A 105 High Meadow Sold | $1,149,000 | 4 | 4 | 2,322 | $495 | 0.1 mi |
B 608 White Oaks Pending | $838,800 List Price | 2 | 3 | 1,453 | $577 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and remains in mint condition. As a former model home, it features high-end builder upgrades, a modern open-concept kitchen with a large island, and contemporary systems including a tankless water heater, central air conditioning, and a whole-house fan.
As a former model end unit situated on a premier corner lot facing the central park, the property offers enhanced privacy, superior natural light, and scenic views compared to standard units.
The dedicated first-floor suite features an en suite bathroom, private patio, and independent climate control, providing an ideal setup for guests, multi-generational families, or a quiet home office.
Built in 2018, this home includes premium builder upgrades, a whole-house fan, and a tankless water heater, all complemented by resort-style community amenities like pickleball courts and a clubhouse.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =611236, other record lot size in square feet = 888604.
Being a townhouse rather than a detached single-family home means shared walls and less exterior autonomy, which may not appeal to buyers seeking total independence.
The monthly association fee of approximately $391 adds a permanent carrying cost to the property, which budget-conscious buyers must factor into their long-term monthly housing expenses.
The unique opportunity at 101 Alder Ridge offers refined living in Lake Forest’s gated Iron Ridge community. Situated on the premier corner lot facing the central park, this former model end unit home features custom builder upgrades, privacy, and amenities distinct to this property alone. The primary level centers on an open-concept living, dining, and kitchen area. Designed around a large center island and walk-in pantry, the layout maximizes natural light and connects to multiple private patios for indoor-outdoor relaxation. A key feature is the dedicated first-floor suite, complete with an en suite bathroom, separate climate control, and a private patio facing the park—offering quiet independence for multi-generational living, guests, or a home office. Tankless water heater, central air conditioning, and whole house fan ensure you're comfortable all year round. Set at the foothills of the majestic Saddleback Mountains, Iron Ridge represents a unique pairing of modern suburban convenience and natural splendor. The community features walking trails, green spaces, pickleball courts, dog parks, an elegant clubhouse, jacuzzi’s, and a resort-style pool equipped with cabanas and outdoor grills. Surrounded by pristine wilderness parks, wildlife sanctuaries, and nature preserves, residents enjoy a tranquil environment while remaining just minutes from golf courses, dining, shopping, major Orange County business hubs, attractions, and coastal beaches. Schedule your on-site immersive experience of 101 Alder Ridge today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,152 | 1,424.929 |
| Lot Size | 611,236 | 50,726.571 |
| Price | $1.19M | $814.6K |
| Price per sq ft | $551 | $599 |
| Built year | 2018 | 1989 |
| HOA | $390.96 | $431 |
| Days on market | 14 | 53 |
Aug 26, 2026
$1,185,000
Initial Listing
Jun 25, 2021
$995,000
Public Record