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131 Primrose Drive, Lake Forest, California 92610, Lake Forest, 92610 - 3 bed, 3 bath

131 Primrose Drive, Lake Forest, California 92610 home-pic-0
ACTIVE$1,249,000
131 Primrose Drive, Lake Forest, California 92610
3Beds
3Baths
1,825Sqft
2,227Lot

Price Vs. Estimate

The estimated value ($1,249,000) is $0 (0%) lower than the list price ($1,249,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern Construction & Features: Built in 2016, this home offers contemporary living with a Chef's Kitchen, large Center Island, and KitchenAid appliances, appealing to modern buyers.
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 = 2227, living area = 1825.

Compared to the nearby listings

Price:$1.25M vs avg $1.41M ($-164,000)27%
Size:1,825 sqft vs avg 2,335.5 sqft23%
Price/sqft:$684 vs avg $63075%

More Insights

Built in 2016 (9 years old).
Condition: The property was built in 2016, making it only 8 years old, which aligns with the 'built within 10 years' criteria for an excellent rating. The kitchen features modern white shaker cabinets, granite countertops, KitchenAid stainless steel appliances, and contemporary pendant lighting, all appearing in excellent condition. Bathrooms also showcase modern white vanities, clean countertops, and updated fixtures. The overall interior presents an open-concept layout with modern flooring, clean carpets, and recessed lighting, indicating minimal wear and no deferred maintenance.
Year Built
2016
Close
-
List price
$1.25M
Original List price
$1.35M
Price/Sqft
$684
HOA
$284
Days on market
-
Sold On
-
MLS number
OC25153993
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome home to this inviting 3 bedroom + loft, 2.5 bathroom home in the highly desired Camden Square community of Foothill Ranch. Step inside to a flexible open-concept floor plan with a Chef's Kitchen featuring a large Center Island and KitchenAid appliances. Enjoy its 2-car direct access garage with extra storage and abundant community and street parking. This cozy little gated community has 72 homes surrounding an HOA pool, spa, picnic area with BBQ & outdoor fireplace, restrooms with showers and a tot lot. Conveniently located near the 241 Toll Road, 4.5 miles east of the 5 & 405 Freeways, plus near the Whiting Ranch Wilderness Park & Lake Forest Sports Park. Foothill Ranch shares an abundance of shopping, restaurants & services and the city of Lake Forest has historically enjoyed high safety ratings as well as highly rated school district. Come visit this beautiful home while it's still available!

Condition Rating
Excellent
The property was built in 2016, making it only 8 years old, which aligns with the 'built within 10 years' criteria for an excellent rating. The kitchen features modern white shaker cabinets, granite countertops, KitchenAid stainless steel appliances, and contemporary pendant lighting, all appearing in excellent condition. Bathrooms also showcase modern white vanities, clean countertops, and updated fixtures. The overall interior presents an open-concept layout with modern flooring, clean carpets, and recessed lighting, indicating minimal wear and no deferred maintenance.
Pros & Cons

Pros

Modern Construction & Features: Built in 2016, this home offers contemporary living with a Chef's Kitchen, large Center Island, and KitchenAid appliances, appealing to modern buyers.
Exceptional Community Amenities: The gated Camden Square community provides an HOA pool, spa, picnic area with BBQ & outdoor fireplace, restrooms, and a tot lot, enhancing lifestyle and value.
Strategic Location & Accessibility: Conveniently located near the 241 Toll Road, 5 & 405 Freeways, Whiting Ranch Wilderness Park, and Lake Forest Sports Park, offering excellent connectivity and recreational options.
Desirable Local Infrastructure: The area boasts abundant shopping, restaurants, and services, coupled with historically high safety ratings and a highly-rated school district, making it attractive for families.
Functional Layout & Parking: The property features a flexible open-concept floor plan, a versatile loft, and a 2-car direct access garage with extra storage, catering to diverse living needs.

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 = 2227, living area = 1825.
Significant Price Reductions: The property has seen multiple price reductions from an initial $1.35M to $1.249M, which may suggest overpricing or market resistance.
Small Lot Size: With a lot size of only 2227 sqft, private outdoor space is limited, which could be a drawback for buyers desiring a larger yard or more expansive outdoor living.
Ongoing HOA Fees: The monthly association fee of $284.0 adds to the recurring cost of homeownership, which some buyers may perceive as a significant additional expense.

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