120 Parkland Alley, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath
120 Parkland Alley
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 120 Parkland Alley, Lake Forest, California 92630 reveals a Fairly Priced Property with a current list price of $1,928,000 aligned with the estimated $1,942,182 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 Parkland Alley Subject | $1,928,000* List Price | 5 | 4 | 2,786 | $697 | - |
A 208 Pinnacle Sold | $1,826,550 | 5 | 4 | 2,708 | $675 | 0.8 mi |
B 215 Bryce Run Sold | $1,550,000 | 4 | 4 | 2,545 | $609 | 0.8 mi |
C 220 Holliston Sold | $1,850,000 | 4 | 4 | 2,641 | $700 | 0.2 mi |
D 171 Bear Leaf Drive Sold | $2,298,000 | 5 | 5 | 3,111 | $739 | 0.2 mi |
E 200 Sierra Madre Active Under Contract | $1,950,000 List Price | 5 | 5 | 2,968 | $657 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2023, making it a nearly brand-new Toll Brothers construction. It features modern architectural designs such as three-story high ceilings, upgraded kitchen cabinetry, contemporary flooring, and high-end finishes throughout. All major systems, including HVAC and electrical, are new and meet current energy-efficiency standards, with no deferred maintenance or physical depreciation visible.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Toll Brothers Construction
As a 2023 build by Toll Brothers, the home features contemporary architectural elements like three-story high ceilings and high-end finishes, ensuring a turnkey experience with modern energy efficiencies.
- Versatile Multi-Generational Layout
The floor plan is highly functional, offering a rare downstairs guest bedroom and bathroom, a master suite with a private retreat, and a third-floor family room that serves as an ideal secondary entertainment hub.
- Optimal Natural Light and Views
The south-facing orientation maximizes sunlight throughout the day, while the third-floor balcony provides elevated views of the surrounding mountains and community parkland.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3500, living area = 2786.
- Limited Private Outdoor Space
With a lot size of only 3,500 square feet for a nearly 2,800 square foot home, the private yard space is minimal, which may be a drawback for buyers prioritizing large outdoor areas.
- Vertical Living Constraints
The three-story configuration necessitates frequent stair usage to access the primary family room and outdoor balcony, which may not suit buyers looking for a more traditional or accessible layout.
About 120 Parkland Alley
Park and Mountain View New Home you must see! In the Parkland The Meadows Toll Brothers brand new community. This is a south-facing house which will be awakened by the first ray of morning light until the sun sets. The community clubhouse is within walking distance, club house, swimming pool and a convenient and comfortable living experience is waiting for you. At the entrance, the three-story high ceiling design makes the interior more transparent and bright, creating a warm and comfortable atmosphere. The intelligent space planning divides the first floor into two areas: dynamic and quiet living room, dining room and kitchen on one side. The kitchen area is equipped with a convenient storage room, and all upgraded cabinet and the attention to detail is shown. The downstairs guest bedroom and bathroom with window on the right provide a quiet and comfortable resting place. Second floor, the master bedroom and three guest bedrooms are distributed on the left and right sides, independent of each other without interfering. The master bedroom also features a separate retreat that can be used as an office or to relax, allowing you to combine work and play at home without distractions. The design of the double vanity basin in the master bathroom reflects the careful attention to details. The third floor is an open-plan family room and outdoor balcony, which can enjoy the beautiful scenery of the mountain and Park view in the distance. Equipped with a separate bathroom, it becomes an excellent place for family and friends to gather and relax. Here you can enjoy the beautiful scenery, let you relax and enjoy a carefree life. This is a sunny and inviting home waiting for a new owner. Come see it today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $256.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 77% |
| Square foot | 2,786 | 2,185.5 | 78% |
| Lot Size | 3,500 | 5,395 | 12% |
| Price | $1.93M | $1.37M | 82% |
| Price per sq ft | $692 | $675 | 59% |
| Built year | 2023 | 1978 | 96% |
| HOA | $256.0 | $140 | 84% |
| Days on market | 49 | 178 | 7% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,928,000
$2,000,000
-4% Price Drop
Initial Listing
Price Change
Jan 17, 2026
$2,000,000
Initial Listing