20702 El Toro Road 379, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath

20702 El Toro Road 379, Lake Forest, California 92630 home-pic-0
ACTIVE UNDER CONTRACT$449,000
20702 El Toro Road 379, Lake Forest, California 92630
1Bed
1Bath
710Sqft
257,265Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
FHA Approved & Affordability: The property is FHA approved, requiring only 3.5% down, making it highly accessible for first-time buyers, and is noted as one of Orange County's most economical locations.
Top Cons:
Limited Size & Configuration: As a 1-bedroom, 1-bath unit with 710 sqft, its smaller footprint and limited bedroom count may restrict appeal to singles or couples and not suit larger households.

Compared to the nearby listings

Price:$449.0K vs avg $610.0K ($-161,000)13%
Size:710 sqft vs avg 1,000 sqft7%
Price/sqft:$632 vs avg $60368%

More Insights

Built in 1983 (42 years old).
Condition: The property, built in 1983, is well-maintained and features some good updates such as hardwood floors in the living areas and bedroom, stainless steel kitchen appliances, and a 'tastefully updated' bathroom with granite counters and new fixtures. However, the kitchen's light wood cabinets, white tile countertops, and tile flooring, along with the fluorescent panel lighting, appear dated, likely from the original construction or an older renovation (15-30 years ago). While functional and clean, these outdated kitchen elements, combined with the property's age (41 years), place it in the 'Fair' category, indicating it's aged but maintained, with major components functional but showing signs of being outdated.
Year Built
1983
Close
-
List price
$449K
Original List price
$475K
Price/Sqft
$632
HOA
$449
Days on market
-
Sold On
-
MLS number
OC25073476
Home ConditionFair
Features
Good View: Creek/Stream
Patio
ViewCreek/Stream

About this home

NOW FHA Approved!! Own your own condo for just 3.5% down - WOW!!! Welcome to your peaceful retreat in the heart of Lake Forest! Listen to the birds chirp and ducks quack in this beautifully maintained lower level condo with ZERO stairs. Your new pocket sized powerhouse has it all: 1-bedroom, 1-bath with an open-concept layout including stainless appliances, hardwood floors, and an enclosed patio where you can unwind while enjoying tranquil views of the surrounding greenery and water features. Located in the serene Pheasant Creek community, you’re just moments from shopping, restaurants, and every amenity you’ll need. The spacious living area flows seamlessly into the dining space and kitchen, ideal for entertaining or quiet nights in. The oversized bedroom includes a generous walk-in closet, and the full bathroom has been tastefully updated with granite counter and new fixtures. You’ll appreciate the in-unit full size laundry, and your private garage with storage. Also includes a parking permit with ample guest parking nearby. Nature lovers will adore the location — multiple parks including Serrano Creek, Veterans Park, and Lake Forest Sports Park are within a 10-minute drive. You're also just minutes from the 241 Toll Road, making traffic a thing of the past, and your commute a breeze. Prefer to stay active on the weekends? Explore nearby hiking trails in Whiting Ranch Wilderness Park, Santiago Canyon, O’Neill Park, or just hop on the Aliso Creek bikeway right across the street. Pheasant Creek amenities include association pool, spa, sauna, multiple tennis courts, and peaceful streams throughout the community. Affordable HOA dues even include water, trash, and exterior maintenance. Don't miss your chance to own a slice of paradise in Pheasant Creek - one of Orange County’s most economical locations!

Nearby schools

7/10
Montevideo Elementary School
Public,K-63.4mi
7/10
La Paz Intermediate School
Public,7-84.5mi
8/10
Trabuco Hills High School
Public,9-120.5mi
Condition Rating
Fair

The property, built in 1983, is well-maintained and features some good updates such as hardwood floors in the living areas and bedroom, stainless steel kitchen appliances, and a 'tastefully updated' bathroom with granite counters and new fixtures. However, the kitchen's light wood cabinets, white tile countertops, and tile flooring, along with the fluorescent panel lighting, appear dated, likely from the original construction or an older renovation (15-30 years ago). While functional and clean, these outdated kitchen elements, combined with the property's age (41 years), place it in the 'Fair' category, indicating it's aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

FHA Approved & Affordability: The property is FHA approved, requiring only 3.5% down, making it highly accessible for first-time buyers, and is noted as one of Orange County's most economical locations.
Updated & Turnkey Interior: Features an open-concept layout with stainless appliances, hardwood floors, an updated bathroom with granite counters, and convenient in-unit full-size laundry, offering a move-in ready experience.
Exceptional Community Amenities: Residents benefit from a wide array of association amenities including a pool, spa, sauna, multiple tennis courts, and serene streams, enhancing lifestyle and value.
Prime Location & Accessibility: Strategically located moments from shopping, dining, multiple parks, the 241 Toll Road, and outdoor recreational activities like hiking and biking trails, offering convenience and an active lifestyle.
Low Maintenance & Practical Features: A lower-level condo with zero stairs, an enclosed patio with tranquil views, a private garage with storage, ample guest parking, and affordable HOA dues covering water, trash, and exterior maintenance.

Cons

Limited Size & Configuration: As a 1-bedroom, 1-bath unit with 710 sqft, its smaller footprint and limited bedroom count may restrict appeal to singles or couples and not suit larger households.
Age of Building: Built in 1983, the property is over 40 years old, which, despite interior updates, may raise concerns about the age of the building's infrastructure or potential for future capital improvements.
Condo Living Restrictions: Being a condominium, it entails adherence to HOA rules and regulations, and potential for shared wall noise, which might not appeal to buyers seeking greater privacy or autonomy.

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