
Lake Forest, California 92630
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $475,000—positioned well below the $475,000 Fair Market Value (priced at market stability). Featuring a Renovated Kitchen and Spanish Tile Flooring, the property maintains a Condition Rating of 3. With no interior or exterior stairs, this ground-level unit offers exceptional accessibility. Located in the Saddleback Valley Unified district near Trabuco Hills High School, it provides a low-maintenance lifestyle with community pool and tennis access. This is an ideal acquisition for first-time buyers or downsizing owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Road 231 Subject 2 bd · 2 ba · 916 sqft · $491 | $450,000* List Price | 2 | 2 | 916 | $491 | - |
A 20702 El Toro 82 Sold 2 bd · 2 ba · 916 sqft · $550 · 0.1 mi | $504,000 | 2 | 2 | 916 | $550 | 0.1 mi |
B 20702 El Toro Rd 317 Sold 1 bd · 1 ba · 710 sqft · $581 · 0.1 mi | $412,500 | 1 | 1 | 710 | $581 | 0.1 mi |
C 20702 El Toro 16 Sold 2 bd · 2 ba · 950 sqft · $532 · 0.1 mi | $505,000 | 2 | 2 | 950 | $532 | 0.1 mi |
D 20702 El Toro Active Under Contract 2 bd · 2 ba · 916 sqft · $545 · 0.2 mi | $499,000 List Price | 2 | 2 | 916 | $545 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but features a renovated kitchen with granite countertops, mosaic backsplash, and stainless steel appliances. The interior is move-in ready with consistent Spanish tile flooring and updated trim, fitting the 5-15 year renovation window for a well-maintained property.
This ground-level unit features a single-story floor plan with no interior or exterior stairs, offering excellent accessibility and convenience for buyers seeking low-maintenance living.
The property is FHA approved and has successfully passed all SB 326 inspections, ensuring structural compliance and expanding financing opportunities for a wider range of buyers.
The residence features a recently updated kitchen and cohesive Spanish tile flooring throughout, providing a stylish, move-in-ready environment that reduces the need for immediate renovation.
With 114 days on the market and seven consecutive price reductions from an initial $555,000 to $475,000, the property has faced significant challenges in gaining buyer traction.
The monthly HOA fee of $553.88 is relatively high for a sub-1,000 square foot unit, which may impact overall affordability and debt-to-income ratios for prospective purchasers.
This lovely Lake Forest community is now FHA Approved and has passed all SB 326 inspections!!! Welcome to easy, low-maintenance living in the heart of Lake Forest! This beautifully updated ground-level 2-bedroom, 2-bath condominium offers the comfort and convenience today’s buyers are looking for—all with no interior or exterior stairs to navigate. Inside, you’ll find 916 square feet of thoughtfully designed living space featuring Spanish tile flooring throughout, creating a warm, cohesive look that’s both stylish and easy to maintain. The updated kitchen serves as the heart of the home, offering modern finishes, ample cabinetry, and a functional layout that flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite provides a private retreat with an en-suite bathroom, while the second bedroom offers flexibility for guests, a home office, or hobbies. A second full bathroom adds convenience for family and visitors alike. Enjoy the ease of having two dedicated parking spaces (one that is covered) and the value of an HOA that includes water, trash, and access to community amenities which include a sparkling pool, sauna and tennis courts, helping simplify monthly expenses while enhancing your lifestyle. Whether you’re purchasing your first home, looking to downsize, or searching for a low-maintenance property in a convenient location, this home checks all the boxes. Ideally situated near shopping, dining, parks, and commuter routes, you’ll enjoy easy access to everything Lake Forest has to offer while coming home to a comfortable and inviting space. Offered at $525,000, this move-in-ready residence combines thoughtful updates, practical features, and an exceptional location into one outstanding opportunity.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades 7-8 • 4.4 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 916 | 1,096.746 |
| Lot Size | - | 185,385.508 |
| Price | $450.0K | $649.6K |
| Price per sq ft | $491 | $596 |
| Built year | 1980 | 1986 |
| HOA | $553.88 | $502 |
| Days on market | 149 | 57 |
Sep 26, 2026
$450,000
$475,000
-5% Price Drop
Initial Listing
Sep 20, 2026
$475,000
$495,999
-4% Price Drop
Initial Listing
Aug 10, 2026
$495,999
$499,999
-1% Price Drop
Initial Listing
Jul 19, 2026
$499,999
$515,000
-3% Price Drop
Initial Listing
Jul 9, 2026
$515,000
$525,000
-2% Price Drop
Initial Listing
Jun 19, 2026
$525,000
$535,000
-2% Price Drop
Initial Listing
Jun 4, 2026
$535,000
$555,000
-4% Price Drop
Initial Listing
May 29, 2026
$555,000
Initial Listing
Jul 11, 2022
$525,000
Public Record
May 1, 2009
$228,000
Public Record
Aug 6, 2008
$185,500
Public Record
Apr 28, 2006
$368,000
Public Record