
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 4 bd · 4 ba · 2,152 sqft · $533 | $1,099,000* List Price | 4 | 4 | 2,152 | $533 | - |
A 105 High Meadow Sold 4 bd · 4 ba · 2,322 sqft · $495 · 0.1 mi | $1,149,000 | 4 | 4 | 2,322 | $495 | 0.1 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.
SPECIAL FALL PRICING, REDUCED NEARLY $90,000. The rare opportunity at 101 Alder Ridge begins the moment you arrive — a former model home on a premier corner lot, an end unit facing the central park in Iron Ridge's open, lower-density enclave. Fewer buildings around you, more sky above you, and a private patios that open straight onto green. Step inside and the light takes over. South-to-southwest exposure pours through plantation shutters on every window and sliding glass door, framing hills, city lights, and the park beyond. The builder's model-home touches are everywhere you look — upgraded flooring and tile underfoot, designer wallpaper and panelling, curated light fixtures — while a whole house fan draws the evening breeze through. The main level unfolds in open-concept living, dining, and kitchen around a large center island and walk-in pantry, flowing out to private patios for indoor-outdoor evenings. Tucked privately on the first floor, a dedicated suite with its own bath, separate climate control, and park-facing patio offers quiet independence — for guests who stay awhile, family who stays close, or the home office with a view. Beyond your door, Iron Ridge pairs modern convenience with natural splendor at the foothills of the Saddleback Mountains: walking trails, green spaces, pickleball courts, dog parks, an elegant clubhouse, and a resort-style pool with cabanas. Wilderness parks and preserves surround you; golf, dining, shopping, and coastal beaches are minutes away. Some homes you tour. This one you feel. 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 | 2.9 |
| Baths | 4.0 | 2.8 |
| Square foot | 2,152 | 1,378.188 |
| Lot Size | 611,236 | 57,947.063 |
| Price | $1.10M | $803.3K |
| Price per sq ft | $511 | $585 |
| Built year | 2018 | 1987 |
| HOA | $390.96 | $438 |
| Days on market | 60 | 56 |
Oct 3, 2026
$1,099,000
$1,145,000
-4% Price Drop
Initial Listing
Sep 18, 2026
$1,145,000
$1,185,000
-3% Price Drop
Initial Listing
Aug 26, 2026
$1,185,000
Initial Listing
Jun 25, 2021
$995,000
Public Record