22145 Pheasant Street, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath
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22145 Pheasant Street
Lake Forest, California 92630
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,444Sq Ft
4,940Lot Size
Property Price
LIST PRICE$1,479,000
EST. MARKET VALUE
$1,536,777
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $1,479,000—positioned well below the $1,536,777 Fair Market Value by 3%. This valuation gap offers $57,777 in Instant Equity. Boasting an Excellent Condition Rating, the home features a modern kitchen, paid-off solar, and a private pool. Located in the Saddleback Valley Unified district, it offers a premium lifestyle near Lake Forest’s resort-style amenities. This is an ideal acquisition for Owner-Occupants seeking luxury or discerning buyers prioritizing move-in readiness.
Estimated Market Value
$1,536,777+$57,777 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22145 Pheasant Street Subject 4 bd · 3 ba · 2,444 sqft · $629 | $1,479,000* List Price | 4 | 3 | 2,444 | $629 | - |
A 22191 Crane Sold 4 bd · 3 ba · 2,444 sqft · $554 · 0.2 mi | $1,354,000 | 4 | 3 | 2,444 | $554 | 0.2 mi |
B 24452 Peacock Street Sold 4 bd · 3 ba · 2,444 sqft · $563 · 0.3 mi | $1,375,000 | 4 | 3 | 2,444 | $563 | 0.3 mi |
C 22073 Pheasant Street Sold 4 bd · 3 ba · 2,324 sqft · $559 · 0.2 mi | $1,300,000 | 4 | 3 | 2,324 | $559 | 0.2 mi |
D 24722 Via Del Rio Sold 4 bd · 3 ba · 2,474 sqft · $532 · 0.8 mi | $1,315,000 | 4 | 3 | 2,474 | $532 | 0.8 mi |
E 21971 Sandra Street Sold 4 bd · 3 ba · 2,751 sqft · $598 · 0.1 mi | $1,645,000 | 4 | 3 | 2,751 | $598 | 0.1 mi |
F 22012 Heidi Sold 4 bd · 3 ba · 2,751 sqft · $531 · 0.1 mi | $1,460,000 | 4 | 3 | 2,751 | $531 | 0.1 mi |
G 24642 Via Tequila Sold 5 bd · 3 ba · 2,672 sqft · $552 · 0.9 mi | $1,475,000 | 5 | 3 | 2,672 | $552 | 0.9 mi |
H 24532 Via Tonada Sold 5 bd · 3 ba · 2,474 sqft · $560 · 0.8 mi | $1,385,000 | 5 | 3 | 2,474 | $560 | 0.8 mi |
I 24396 Calle Pequeno Active 4 bd · 3 ba · 2,105 sqft · $760 · 0.7 mi | $1,599,000 List Price | 4 | 3 | 2,105 | $760 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely within the last 1-3 years) featuring a modern kitchen with quartz countertops and stainless appliances, fully updated bathrooms with contemporary tile work, and new luxury vinyl flooring throughout. Additionally, the home features updated pool equipment and paid-off solar, meeting the criteria for mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The property features significant high-value updates including a remodeled kitchen with quartz countertops, luxury vinyl flooring, paid-off solar panels, and a PebbleTec pool with new equipment.
- Premium Community Amenities
Residents benefit from the Lake Forest Sun & Sail Club, offering resort-style facilities such as four pools, tennis and pickleball courts, a fitness center, and a lakeside clubhouse.
- Versatile Floor Plan
The layout is highly functional with high vaulted ceilings, a rare main-floor bedroom and full bathroom, and an oversized primary suite featuring a dedicated office nook.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Lot Size
With a lot size under 5,000 square feet, the outdoor space is relatively compact for a home of this size, especially with the pool and spa occupying most of the backyard.
- Obstructed Views
The property only offers 'peekaboo' mountain views, which may be less appealing to buyers seeking the expansive, unobstructed vistas often found in premium Southern California listings.
About 22145 Pheasant Street
Welcome Home! Your dream home awaits at 22145 Pheasant Street! Experience lake life in Lake Forest, just one traffic light from Irvine! Located on a premium cul-de-sac lot in the desirable Park West Estates community, this updated 4-bedroom, 3-bathroom home is across the street from one of Lake Forest's beautiful lakes. The front yard features low-maintenance artificial turf, a welcoming front porch, and paid off solor. Enter through the double doors into a spacious, bright, and airy floor plan with high vaulted ceilings, updated light wood luxury vinyl flooring, and a beautiful double-sided fireplace. The main floor offers a bedroom and full bathroom, perfect for guests or a home office. The updated kitchen features abundant cabinetry, stainless steel appliances, quartz countertops, tile backsplash, and a peninsula with seating. The kitchen overlooks the family room with its own fireplace and the backyard pool and spa. An outdoor counter beneath the kitchen window is perfect for entertaining. The separate dining room has sliding glass doors leading to the backyard. Upstairs, you'll find an exceptionally large primary bedroom with vaulted ceilings, a fireplace, and an office nook or sitting area. The updated ensuite bathroom features subway tile and a rainfall showerhead. The primary suite includes a mirrored-door closet and an updated walk-in closet. Two additional bedrooms and an updated hallway bathroom with modern gray tile complete the upstairs. The garage features new custom light brown cabinets for additional storage and new epoxy flooring. The backyard is perfect for entertaining or relaxing with a PebbleTec pool, spa, covered pergola, and peekaboo mountain views. The pool features updated equipment, including the filter, pump, and heater. Enjoy the resort-style amenities of the Lake Forest Sun & Sail Club, including four swimming pools, a spa, 12 lighted pickleball courts, six lighted tennis courts, basketball and sand volleyball courts, a fitness center, playground, picnic and barbecue areas, and a lakeside clubhouse. The club also hosts year-round events, including its famous annual Fourth of July celebration and fireworks show. Conveniently located minutes from the Irvine Spectrum Center, shopping, dining, and entertainment, with easy access to the 5 and 405 freeways, 241 and 73 toll roads, and nearby train stations. This beautiful home offers the perfect combination of space, comfort, and community amenities. Welcome Home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 4,940 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $106.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Rancho Canada Elementary School
Grades K-6 • 1.1 mi
7/10
Serrano Intermediate School
Grades 7-8 • 0.9 mi
6/10
El Toro High School
Grades 9-12 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,444 | 2,188.592 |
| Lot Size | 4,940 | 5,557.578 |
| Price | $1.48M | $1.44M |
| Price per sq ft | $605 | $661 |
| Built year | 1977 | 1981 |
| HOA | $106.0 | $158 |
| Days on market | 11 | 50 |
Pricing History
Listed for Sale
Oct 14, 2026
$1,479,000
Initial Listing
Sold
May 19, 2023
$1,250,000
Public Record
Sold
Apr 6, 2018
$850,000
Public Record
Sold
Mar 23, 2017
$770,000
Public Record
Sold
Jun 15, 2007
$570,000
Public Record