21981 Rimhurst Dr # P-160 P-160, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 1 bath
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Lake Forest, California 92630
This Upgraded Turnkey Condominium is a Prime Investment Opportunity, listed at $525,000—positioned well below the $535,811 Fair Market Value by 2%. This valuation gap provides $10,811 in Instant Equity for incoming owners. Boasting an Excellent Condition Rating, the residence features a modernized kitchen, a brand-new $19,000 HVAC system, and rare oversized walk-in closets in both bedrooms. Located in the Saddleback Valley Unified district near top-rated schools, this home offers a seamless transition. It is an ideal acquisition for first-time buyers or downsizers seeking a polished, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21981 Rimhurst Dr # P-160 P-160 Subject | $525,000* List Price | 2 | 1 | 829 | $646 | - |
A 21941 Rimhurst Sold | $559,000 | 2 | 1 | 829 | $674 | 0.0 mi |
B 21931 Rimhurst 124k Sold | $549,000 | 2 | 1 | 829 | $662 | 0.1 mi |
C 22206 Rim Pointe 7g Sold | $575,000 | 2 | 1 | 899 | $640 | 0.2 mi |
D 25671 Le Parc 82 Sold | $554,995 | 2 | 1 | 852 | $651 | 0.2 mi |
E 25761 Le Parc Active | $535,000 List Price | 2 | 1 | 852 | $628 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the interior of this unit has been extensively renovated within the last 5 years. It features a fully modernized kitchen with white shaker-style cabinetry, stone countertops, a subway tile backsplash, and stainless steel appliances. The property also boasts updated wood-look laminate flooring throughout, modern light fixtures, a renovated bathroom, and a brand-new $19,000 HVAC system, meeting the criteria for excellent condition with no visible deferred maintenance.
The property features a brand-new $19,000 air conditioning and heating system, providing significant immediate value and ensuring long-term climate control efficiency.
Rare for a condominium, each bedroom is equipped with two oversized walk-in closets, offering superior organizational space and enhancing the unit's livability.
The unit includes two assigned parking spaces and benefits from a complex with abundant guest parking, addressing a common pain point for Southern California residents.
With two bedrooms but only one bathroom, the layout may be less convenient for roommates or families compared to units with a second bath or powder room.
At 829 square feet, the overall footprint is relatively modest for a two-bedroom residence, which may limit furniture options and feel restrictive for some buyers.
Welcome to 21981 Rimhurst Drive #P160, Lake Forest!! BEAUTIFUL AND UPGRADED PLUS BRAND NEW 19K AIR CONDITIONER and HEATER. LIGHT BRIGHT UPSTAIRS UNIT LOCATED IN THE BENCHMARK VILLAS!!! TONS OF PARKING IN COMPLEX. EACH BEDROOM HAS TWO OVERSIZED WALK IN CLOSETS Ideally located in the heart of Lake Forest, this well-maintained residence offers comfort, convenience, and a highly desirable community setting. Thoughtfully designed with an open and inviting layout, the home provides an easy flow between living, dining, and kitchen spaces—perfect for everyday living or entertaining. Enjoy abundant natural light, neutral finishes, and a functional floor plan that maximizes space and livability. The property features ample storage Comfortable living areas, and a private setting ideal for relaxation at the end of the day. Conveniently situated near shopping, dining, parks, and major commuter routes, this home offers the best of both lifestyle and location. Just minutes from top-rated schools, recreation, and everything Lake Forest has to offer. A wonderful opportunity to own in a sought-after neighborhood—don’t miss it. TWO ASSIGNED PARKING SPACES
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 1.3 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 829 | 1,022 | 23% |
| Lot Size | 167,937 | 167,937 | 50% |
| Price | $525.0K | $610.0K | 31% |
| Price per sq ft | $633 | $603 | 60% |
| Built year | 1981 | 1983 | 31% |
| HOA | $450.0 | $460 | 45% |
| Days on market | 25 | 155 | 1% |
Mar 28, 2026
$525,000
Initial Listing
May 13, 2021
$408,000
Public Record
Sep 9, 2019
$335,000
Public Record
Oct 29, 2008
$185,000
Public Record
Feb 2, 2004
$256,000
Public Record