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20702 El Toro Road 90, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath

20702 El Toro Road 90, Lake Forest, California 92630 home-pic-0
ACTIVE$500,000
20702 El Toro Road 90, Lake Forest, California 92630
2Beds
2Baths
916Sqft
344,910Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Modern Upgrades: The condo boasts a fully remodeled kitchen with new stainless-steel appliances, updated bathrooms, new laminate flooring, fresh paint, and recessed lighting, offering a move-in ready modern living space.
Top Cons:
Building Age: Constructed in 1980, the building is over four decades old, which may lead to concerns about aging infrastructure or potential future special assessments for common area repairs.

Compared to the nearby listings

Price:$500.0K vs avg $610.0K ($-110,000)24%
Size:916 sqft vs avg 1,000 sqft36%
Price/sqft:$546 vs avg $60219%

More Insights

Built in 1980 (45 years old).
Condition: This condo, built in 1980, has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states a 'fully remodelled kitchen' with 'all-new stainless-steel appliances,' 'new laminate flooring throughout,' 'fresh paint,' 'recessed lighting,' and 'tastefully updated' bathrooms. The images confirm these upgrades, showcasing a modern kitchen with white cabinetry, sleek countertops, and contemporary appliances. The bathrooms, though not fully detailed in images, appear to have modern vanities and fixtures. The overall aesthetic is fresh, clean, and move-in ready, indicating minimal physical depreciation and meeting current quality standards. While the building itself is older, the interior has been thoroughly modernized, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Year Built
1980
Close
-
List price
$500K
Original List price
$547K
Price/Sqft
$546
HOA
$497
Days on market
-
Sold On
-
MLS number
PW25069810
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
Patio
ViewNeighborhood

About this home

Discover the perfect blend of style, comfort, and convenience in this beautifully upgraded condo! Featuring 2 bedrooms, 2 bathrooms, and a spacious balcony, this home is a true retreat in the picturesque Pheasant Creek community, known for its scenic streams, ponds, and mature trees. The unit includes an assigned parking space for added convenience as well as a carport. Step inside to an inviting living space with direct access to the balcony, ideal for relaxing or entertaining. It has a fully remodelled kitchen,recessed lighting, and all-new stainless-steel appliances. This stunning home also features fresh paint, new laminate flooring throughout, and upgraded ceiling fans in the dining area and bedrooms. Both bathrooms have been tastefully updated. Additional conveniences include a laundry closet on the patio with extra storage space. Enjoy resort-style living with access to community pools, tennis and basketball courts, and scenic walking paths. Plus, the HOA covers water, trash, and exterior maintenance, ensuring a hassle-free lifestyle. Ideally located near top-rated schools, shopping centers, parks, Saddleback Church, Irvine Spectrum, and local hiking trails, this home offers the best of both comfort and convenience. Don’t miss out on this incredible opportunity—schedule your tour today!

Nearby schools

7/10
Montevideo Elementary School
Public,•K-6•3.3mi
7/10
La Paz Intermediate School
Public,•7-8•4.4mi
8/10
Trabuco Hills High School
Public,•9-12•0.4mi
Condition Rating
Excellent
This condo, built in 1980, has undergone extensive and recent renovations, bringing it to an 'excellent' condition. The description explicitly states a 'fully remodelled kitchen' with 'all-new stainless-steel appliances,' 'new laminate flooring throughout,' 'fresh paint,' 'recessed lighting,' and 'tastefully updated' bathrooms. The images confirm these upgrades, showcasing a modern kitchen with white cabinetry, sleek countertops, and contemporary appliances. The bathrooms, though not fully detailed in images, appear to have modern vanities and fixtures. The overall aesthetic is fresh, clean, and move-in ready, indicating minimal physical depreciation and meeting current quality standards. While the building itself is older, the interior has been thoroughly modernized, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons

Pros

Extensive Modern Upgrades: The condo boasts a fully remodeled kitchen with new stainless-steel appliances, updated bathrooms, new laminate flooring, fresh paint, and recessed lighting, offering a move-in ready modern living space.
Resort-Style Community Amenities: Residents enjoy access to multiple community pools, tennis and basketball courts, scenic walking paths, and the picturesque Pheasant Creek environment with streams and mature trees.
Convenient & Desirable Location: Strategically located near top-rated schools, major shopping centers, parks, Irvine Spectrum, and local hiking trails, providing excellent access to essential services and recreational activities.
Comprehensive HOA Coverage: The HOA fee includes water, trash, and exterior maintenance, simplifying homeownership and reducing unexpected costs for residents.
Practical In-Unit Features: The property includes a spacious private balcony, an assigned parking space, a carport, and a convenient laundry closet on the patio with additional storage.

Cons

Building Age: Constructed in 1980, the building is over four decades old, which may lead to concerns about aging infrastructure or potential future special assessments for common area repairs.
High Monthly Association Fee: The $497.0 monthly HOA fee is a significant ongoing expense that could impact affordability and budget for potential buyers.
Recent Price Reduction: A notable price drop from $547,000 to $500,000 suggests the property may have been initially overpriced or has faced challenges attracting buyers at its original listing, potentially indicating market resistance.

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