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121 Mulberry Drive, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 5 bath

121 Mulberry Drive, Lake Forest, California 92630 home-pic-0
ACTIVE$2,488,880
121 Mulberry Drive, Lake Forest, California 92630
5Beds
5Baths
3,231Sqft
3,571Lot

Price Vs. Estimate

The estimated value ($2,415,507.595) is $73,372.405 (2%) lower than the list price ($2,488,880). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Upgrades: Built in 2023, this home features extensive upgrades including first-level flooring, a built-in refrigerator, and other upgraded appliances, ensuring a modern and move-in ready condition.
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 = 3571, living area = 3231.

Compared to the nearby listings

Price:$2.49M vs avg $1.31M (+$1,178,880)94%
Size:3,231 sqft vs avg 2,130 sqft92%
Price/sqft:$770 vs avg $67577%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand new home. The listing explicitly states it is 'highly upgraded' with 'upgrade first level flooring' and 'upgrade appliances,' including a built-in refrigerator. Images confirm a modern aesthetic with contemporary kitchen cabinetry, high-end stainless steel appliances, recessed lighting, and pristine tile and carpet flooring. Bathrooms feature modern vanities, stylish tiling (subway and marble-look), glass shower enclosures, and a luxurious soaking tub in the primary suite. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance.
Year Built
2023
Close
-
List price
$2.49M
Original List price
$2.45M
Price/Sqft
$770
HOA
$290
Days on market
-
Sold On
-
MLS number
WS25062444
Home ConditionExcellent
Features
View-

About this home

This highly upgraded home features 5 bedrooms, 5 full bathrooms with approximately 3,128 square feet of living space, and an attached, 2-car garage. Owned solar system. Upgrade the first Level flooring. Built-in refrigerator. Upgrade appliances. The first floor is complete with one bedroom and full bath. The great room transitions into the kitchen making it perfect for entertaining! Two sets of sliding glass doors open up to your spacious backyard. Upstairs master suited with three full bath suite, a huge loft space, and laundry room with sink. Primary bedroom suite with dual vanity sinks, a large soaking tub, and an oversized walk-in closet. The community amenities at The Meadows include pools, spas, cabanas, a recreation center, pickleball courts, outdoor BBQs, a dog park, and more. Close to Foothill shopping center, award-winning schools, and easy access to the 405, 5, and 241 freeways.

Condition Rating
Excellent
This property was built in 2023, making it a brand new home. The listing explicitly states it is 'highly upgraded' with 'upgrade first level flooring' and 'upgrade appliances,' including a built-in refrigerator. Images confirm a modern aesthetic with contemporary kitchen cabinetry, high-end stainless steel appliances, recessed lighting, and pristine tile and carpet flooring. Bathrooms feature modern vanities, stylish tiling (subway and marble-look), glass shower enclosures, and a luxurious soaking tub in the primary suite. All components appear new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Upgrades: Built in 2023, this home features extensive upgrades including first-level flooring, a built-in refrigerator, and other upgraded appliances, ensuring a modern and move-in ready condition.
Owned Solar System: The presence of an owned solar system provides significant long-term energy cost savings and environmental benefits, a highly desirable feature for modern homeowners.
Versatile & Spacious Floor Plan: Offering 5 bedrooms and 5 full bathrooms, including a convenient first-floor bedroom and bath, a huge upstairs loft, and an open great room layout, it's ideal for diverse family needs and entertaining.
Resort-Style Community Amenities: Residents benefit from access to a wide array of community amenities such as pools, spas, a recreation center, pickleball courts, outdoor BBQs, and a dog park, enhancing the lifestyle appeal.
Excellent Location & Accessibility: The property is strategically located close to Foothill shopping center, award-winning schools, and major freeways (405, 5, 241), offering convenience for daily living and commuting.

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 = 3571, living area = 3231.
High Monthly HOA Fees: The $290.00 monthly association fee represents a significant recurring cost that buyers must factor into their budget.
Lack of Scenic Views: The property description explicitly states 'view: None,' which might be a disadvantage for buyers seeking desirable mountain, city, or other scenic vistas.
Modest Lot Size: With a lot size of 3,571 sqft for a 3,128 sqft home, the outdoor space is relatively compact, potentially limiting extensive outdoor activities or gardening opportunities.

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