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155 Alder Ridge, Lake Forest, California 92610, Lake Forest, 92610 - 4 bed, 4 bath

155 Alder Ridge, Lake Forest, California 92610 home-pic-0
ACTIVE$1,269,999
155 Alder Ridge, Lake Forest, California 92610
4Beds
4Baths
2,152Sqft
2,152Lot
Year Built
2020
Close
-
List price
$1.27M
Original List price
$1.29M
Price/Sqft
$590
HOA
$328
Days on market
-
Sold On
-
MLS number
TR25008808
Home ConditionExcellent
Features
Good View: Catalina, Mountain(s), Neighborhood, Panoramic, Trees/Woods
Deck
Patio
ViewCatalina, Mountain(s), Neighborhood, Panoramic, Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $1.27M(94th), sqft - 2152(83th), beds - 4(83th), baths - 4(72th).

Welcome to this turnkey home with great views, exquisite three-story condo in the prestigious gated Iron Ridge community in Portola Hills. This stunning end unit offers a blend of luxury living and modern convenience to next parking lot and community amenities. the ground floor ADA-accessible. and ensuite 1 bedroom 1 full bathroom opens out a large patio perfect for your guests to enjoying the views for a good time with or a home office or a rental. and its own mini split AC/Heater. The attached two-car garage provides convenience with EV Charger with an epoxy floor and tankless water heater. Then,The spacious 2nd floor with open-plan layout is filled with an abundance natural light into the home, enjoy scenic views two balcony terraces extends from the living room and dining area where you have one of the best views from this end unit balcony. Under Cabinet LED lighting with dimmer, Large Island with seating, quartz countertops, Gas Cooktop, Pantry and much more. This living area making it the perfect spot for entertaining guests or spending cherished family time. the best smart home features providing enhanced security, WiFi thermostat, convenience and optimized energy efficiency at the touch of a button. 1/2 bathroom is connect with to third level. On the upper third level, a well-equipped laundry room await. The master suite indulges with a walk-in closet, dual vanity sinks, and mountain views. and a complete bathroom with dual sanity sink between Jack & Jelly bedrooms. Residents enjoy a full range of amenities including pools, jacuzzi, mini water park, playground, tennis courts. The Iron ridge Community invites recreation with sport fields, tennis courts, resort-style pool, multiple playgrounds, mini water park, jacuzzis, poolside cabanas, large clubhouse hosts events with kitchen and fireplace, perfect for large gatherings and events, dog parks, hiking trails and more. this paradise offers easy access to the 241 toll road, and award-winning schools. Embrace comfort, luxury, and the serenity of 155 Alder Ridge. NO MELLO-ROOS. LOW 1.10 TAX RATE. Ideal for primary residence or investment. Full house furniture and appliance for quick move-in.

Condition Rating
Excellent
This property, built in 2020, is virtually new and in 'turnkey' condition as described. The images confirm modern, high-quality finishes throughout, including a contemporary kitchen with quartz countertops, stainless steel appliances, and stylish cabinetry, and bathrooms featuring dual vanities and modern tiling. All systems and components are new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Modern Turnkey Condition: Built in 2020, this home is 'turnkey' with modern finishes, smart home features, an EV charger, tankless water heater, and includes full furniture and appliances for immediate move-in.
Extensive Resort-Style Amenities: Located in the gated Iron Ridge community, residents enjoy a vast array of amenities including multiple pools, jacuzzis, a mini water park, sports courts, clubhouse, dog parks, and hiking trails.
Panoramic Views & Outdoor Living: The end unit offers 'great views' including panoramic, mountain, and neighborhood vistas, enjoyed from two balcony terraces extending from the main living area.
Versatile Ground Floor Suite: An ADA-accessible ground floor suite with its own mini-split AC/heater and patio offers flexibility for guests, a home office, multi-generational living, or potential rental income.
Favorable Financial Structure: Benefits from 'NO MELLO-ROOS' and a 'LOW 1.10 TAX RATE,' significantly reducing ongoing ownership costs compared to many other new developments in California.

Cons

Multi-Level Living: The three-story layout, while offering distinct living zones, may not appeal to buyers preferring single-level homes or those with mobility challenges, despite the ground-floor ADA suite.
Condominium Ownership & HOA Fees: As a condominium, it entails a monthly association fee ($328.0) and shared common areas, which may limit personal property modifications and add to recurring expenses.
Proximity to Parking Lot: The description mentions being 'next to parking lot,' which could potentially lead to increased noise or foot traffic, impacting the privacy or tranquility of the adjacent ground-floor patio.

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