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131 Reyes Alley, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath

131 Reyes Alley, Lake Forest, California 92630 home-pic-0
ACTIVE$2,148,000$2,904/sqft
Est. Value: $2,051,010
-4%
AboveEstimate
131 Reyes Alley, Lake Forest, California 92630
5Beds
4Baths
2,904Sqft
3,094Lot

Price Vs. Estimate

The estimated value ($2,051,009.94) is $96,990.06 (4%) lower than the list price ($2,148,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Upgrades: Built in 2023, this residence boasts nearly $200k in high-end builder upgrades, including white tile floors, marble counters, and wooden stairs, offering a contemporary and luxurious living experience.
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 = 3094, living area = 2904.

Compared to the nearby listings

Price:$2.15M vs avg $1.31M (+$838,000)89%
Size:2,904 sqft vs avg 2,116 sqft83%
Price/sqft:$740 vs avg $67469%

More Insights

Built in 2023 (3 years old).
Condition: This property was built in 2023, making it virtually brand new. The listing explicitly states 'highly upgraded' with '$200k in builder upgrades,' including white tile floors, marble counters, and wooden stairs. The images confirm a pristine, modern aesthetic throughout, particularly in the kitchen and bathrooms, which feature high-end stainless steel appliances, contemporary cabinetry, marble-look quartz countertops, and stylish tile work. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2023
Close
-
List price
$2.15M
Original List price
$2.15M
Price/Sqft
$740
HOA
$249
Days on market
-
Sold On
-
MLS number
OC25275914
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
Patio
ViewNeighborhood

About this home

Welcome to 131 Reyes Alley in the prestigious Meadows community of Lake Forest. This highly upgraded 5-bedroom, 4-bathroom residence spans 2,904 sq. ft. across three levels. The layout is sophisticated yet elegant with nearly 200k in builder upgrades including white tile floor, marble counters, and wooden stairs. The living room and fully upgraded kitchen are on the first floor with epoxy garage floor. Master bedroom in on the second floor. Also, the solar system is paid off. There is a game room on the third floor. The Meadows community offers many resort-style amenities, including a spacious recreation center, two spas, two pools, cabanas, 2 dog parks, sports fields, basketball, pickleball and volleyball courts. In addition, enjoy the nearby miles of biking, and hiking trails close to Meadows Community. It is also close to Home Depot, 24-hour fitness center, shopping centers, and the Irvine Spectrum shopping Plaza.

K
Kathy Wang
Listing Agent

Price History

Date
Event
Price
02/27/24
Sold
$1,807,500
11/04/22
Sold
$14,008,500
Condition Rating
Excellent
This property was built in 2023, making it virtually brand new. The listing explicitly states 'highly upgraded' with '$200k in builder upgrades,' including white tile floors, marble counters, and wooden stairs. The images confirm a pristine, modern aesthetic throughout, particularly in the kitchen and bathrooms, which feature high-end stainless steel appliances, contemporary cabinetry, marble-look quartz countertops, and stylish tile work. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Upgrades: Built in 2023, this residence boasts nearly $200k in high-end builder upgrades, including white tile floors, marble counters, and wooden stairs, offering a contemporary and luxurious living experience.
Energy Efficiency & Cost Savings: The property features a fully paid-off solar system, significantly reducing utility expenses and contributing to a lower carbon footprint.
Resort-Style Community Amenities: Residents enjoy access to an array of exclusive amenities within The Meadows community, such as a recreation center, two pools, two spas, cabanas, dog parks, and various sports courts.
Spacious & Functional Layout: With 5 bedrooms, 4 bathrooms, and 2,904 sq. ft. across three levels, including a dedicated game room, the home offers ample space and a versatile layout for diverse living needs.
Prime Location & Accessibility: Conveniently located near extensive biking and hiking trails, major shopping centers like Irvine Spectrum, Home Depot, and a 24-hour fitness center, providing excellent access to recreation and daily necessities.

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 = 3094, living area = 2904.
Multi-Level Living: The three-level floor plan may not be suitable for all buyers, particularly those with mobility challenges or a preference for single-story homes.
Ongoing Association Fees: The property is subject to a monthly association fee of $249, which is an additional recurring cost for homeowners.
Limited Private Outdoor Space: The description does not emphasize a significant private yard or extensive outdoor living area, which might be a consideration for buyers prioritizing large personal outdoor spaces.
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