120 Parkland Alley, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath

120 Parkland Alley, Lake Forest, California 92630 home-pic-0
ACTIVE$2,000,000$2,786/sqft
Est. Value: $1,997,064
%
FairlyEstimate
120 Parkland Alley, Lake Forest, California 92630
5Beds
4Baths
2,786Sqft
3,500Lot

Price Vs. Estimate

The estimated value ($1,997,064.23) is $2,935.77 (0%) lower than the list price ($2,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Premium Builder: Built in 2023 by Toll Brothers in a brand new community, ensuring modern design, new systems, and quality construction from a reputable builder.
Top Cons:
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.

Compared to the nearby listings

Price:$2.00M vs avg $1.31M (+$690,000)87%
Size:2,786 sqft vs avg 2,116 sqft81%
Price/sqft:$718 vs avg $67467%

More Insights

Built in 2023 (3 years old).
Condition: This property was built in 2023, making it a brand new home. The images showcase a modern, high-end aesthetic throughout, with a pristine kitchen featuring upgraded light wood-grain flat-panel cabinets, white quartz countertops, subway tile backsplash, and new stainless steel appliances. Bathrooms are equally impressive with contemporary vanities, modern fixtures, and stylish tile work, including large walk-in showers. Flooring consists of light wood-look planks in main living areas and new, clean carpeting in bedrooms and on stairs. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2023
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$718
HOA
$256
Days on market
-
Sold On
-
MLS number
OC26011409
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Meadow, Mountain(s), Neighborhood, Pool
Deck
Patio
ViewPark/Greenbelt, Meadow, Mountain(s), Neighborhood, Pool

About this home

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!

Y
Yiming Yu
Listing Agent
Condition Rating
Excellent

This property was built in 2023, making it a brand new home. The images showcase a modern, high-end aesthetic throughout, with a pristine kitchen featuring upgraded light wood-grain flat-panel cabinets, white quartz countertops, subway tile backsplash, and new stainless steel appliances. Bathrooms are equally impressive with contemporary vanities, modern fixtures, and stylish tile work, including large walk-in showers. Flooring consists of light wood-look planks in main living areas and new, clean carpeting in bedrooms and on stairs. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction & Premium Builder: Built in 2023 by Toll Brothers in a brand new community, ensuring modern design, new systems, and quality construction from a reputable builder.
Desirable Views & Optimal Natural Light: South-facing orientation provides abundant natural light throughout the day, complemented by park, mountain, meadow, and pool views from various levels, including a third-floor balcony.
Exceptional Community Amenities: Located in 'The Meadows' community with a clubhouse and swimming pool within walking distance, offering a convenient and comfortable lifestyle.
Flexible & Spacious Multi-Level Living: Features a three-story design with high ceilings, a convenient downstairs guest bedroom, a master retreat, and a versatile third-floor family room with a dedicated bathroom and outdoor balcony.
Upgraded Kitchen & Thoughtful Design: The kitchen boasts upgraded cabinets and a convenient storage room, reflecting attention to detail throughout the intelligently planned interior spaces, including double vanity in the master bath.

Cons

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.
Compact Lot Size: The 3500 sqft lot is relatively small for a single-family residence, potentially limiting private outdoor space and yard activities.
Ongoing Association Fees: A monthly association fee of $256.00 adds to the recurring cost of homeownership, which some buyers may find undesirable.
Multi-Story Layout: The three-story layout, while offering ample space and views, may not be suitable for all buyers, particularly those seeking single-story living or with mobility challenges.
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