20702 El Toro 399, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
ACTIVE$550,000
20702 El Toro 399, Lake Forest, California 92630
2Beds
2Baths
916Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Resort-Style Community Amenities: The Pheasant Creek community offers an array of amenities including 2 pools, a spa, picnic area, tennis and sports courts, providing a resort-like living experience. Proximity to biking and hiking trails further enhances recreational opportunities.
Top Cons:
High Monthly HOA Fees: The association fee of $492.0 per month is relatively high for a 916 sqft condominium, which could impact affordability for some buyers despite including some utilities.
Compared to the nearby listings
Price:$550.0K vs avg $610.0K ($-60,000)35%
Size:916 sqft vs avg 1,000 sqft36%
Price/sqft:$600 vs avg $60248%
More Insights
Built in 1983 (42 years old).
Condition: The property, built in 1983, is 41 years old. While some areas have received recent cosmetic updates (newer paint and flooring in one bedroom, newer vanity and floor in the master bath), the kitchen and second bathroom are significantly dated. The kitchen features older cabinets and some older appliances, and the second bathroom appears largely original with dated fixtures and finishes. Popcorn ceilings are present throughout. The property is functional and maintained, but key areas require minor to moderate updates to meet current aesthetic and quality standards, aligning with the 'Fair' condition criteria.
Year Built
1983
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$600
HOA
$492
Days on market
-
Sold On
-
MLS number
OC25067490
Home ConditionFair
Features
Patio
View-
About this home
Amazing opportunity to own a Lower-Level condo unit in tranquil community of Pheasant Creek, Lake Forest. This unit has 2 Bedroom with 2 full bath an open floor plan. Large living room with separate dinning area, the kitchen has lot of cabinets. Master bedroom bath with newer vanity sink and newer floor and paint, 2nd bedroom upgraded with newer paint and newer floor as of July- 2024. The patio has a glass sliding door which has a laundry room closet. One detached garage and one assigned parking space. The Association Amenities include 2 pools, spa, picnic area, tennis and sports courts. Biking and hiking trails are very close. The HOA fees include trash and water. This resort style community is conveniently located near shops, restaurants, theaters, and toll roads. Low property taxes, and much more.
Nearby schools
7/10
Montevideo Elementary School
Public,•K-6•3.4mi
7/10
La Paz Intermediate School
Public,•7-8•4.5mi
8/10
Trabuco Hills High School
Public,•9-12•0.5mi
Condition Rating
Fair
The property, built in 1983, is 41 years old. While some areas have received recent cosmetic updates (newer paint and flooring in one bedroom, newer vanity and floor in the master bath), the kitchen and second bathroom are significantly dated. The kitchen features older cabinets and some older appliances, and the second bathroom appears largely original with dated fixtures and finishes. Popcorn ceilings are present throughout. The property is functional and maintained, but key areas require minor to moderate updates to meet current aesthetic and quality standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Resort-Style Community Amenities: The Pheasant Creek community offers an array of amenities including 2 pools, a spa, picnic area, tennis and sports courts, providing a resort-like living experience. Proximity to biking and hiking trails further enhances recreational opportunities.
Recent Interior Upgrades: The master bedroom bath features a newer vanity sink, floor, and paint, while the second bedroom was upgraded with newer paint and flooring as of July 2024, contributing to a refreshed interior.
Prime Location & Accessibility: Conveniently located near shops, restaurants, theaters, and toll roads, offering easy access to daily necessities and entertainment. High-rated schools are also nearby.
Included Utilities & Low Property Taxes: The HOA fees cover trash and water, simplifying monthly budgeting. The property also benefits from low property taxes, reducing overall ownership costs.
Dedicated Parking & In-Unit Laundry: The unit includes one detached garage and an additional assigned parking space. An in-unit laundry room closet on the patio adds convenience.
Cons
High Monthly HOA Fees: The association fee of $492.0 per month is relatively high for a 916 sqft condominium, which could impact affordability for some buyers despite including some utilities.
Limited Square Footage: With 916 square feet, the unit offers a more compact living space, which may be a consideration for buyers seeking larger accommodations.
Lack of Desirable Views: The property description explicitly states 'view: None', indicating an absence of scenic or notable outlooks, which can be a drawback for some buyers.