22312 Summit Hill Drive 41, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 3 bath
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Lake Forest, California 92630
This Updated Grandview Crest Condominium is a Strong Value Opportunity, listed at $840,000—positioned well below the $884,307 Fair Market Value by 5%. This valuation gap provides $44,307 in Instant Equity for buyers. Featuring a Good Condition Rating, the residence offers a modernized kitchen, hardwood flooring, and a rare, expansive backyard. Located within the Saddleback Valley Unified district, the property benefits from recent HOA-funded PEX re-piping and a new roof. This is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22312 Summit Hill Drive 41 Subject | $840,000* List Price | 3 | 3 | 1,556 | $568 | - |
A 22075 Summit Hill Drive Sold | $840,000 | 3 | 3 | 1,332 | $631 | 0.2 mi |
B 26344 W Grove Circle 65 Sold | $775,000 | 3 | 3 | 1,274 | $608 | 0.1 mi |
C 22212 Summit Hill Drive 18 Sold | $889,000 | 3 | 3 | 1,620 | $549 | 0.1 mi |
D 22885 Taurus Sold | $770,000 | 3 | 3 | 1,377 | $559 | 1.0 mi |
E 22248 Summit Hill Active Under Contract | $899,900 List Price | 3 | 3 | 1,620 | $555 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready with tastefully updated kitchen and bathrooms, hardwood flooring, and significant recent HOA improvements including PEX re-piping and a new roof. While originally built in 1985, the interior renovations and well-maintained systems align with the 'good' criteria for quality and functionality.
The property boasts one of the largest backyards in the Grandview Crest community, a rare and highly valuable feature for a condominium that offers ample room for gardening and outdoor entertaining.
Recent community improvements including PEX re-piping, a new roof, and renovated amenities like pools and sports courts provide peace of mind and reduce the risk of near-term special assessments.
Featuring updated kitchen and bathrooms along with a versatile loft space, the home offers a contemporary aesthetic and a layout that can easily adapt to a third bedroom or home office.
The current configuration as two primary suites plus a loft means buyers requiring a true third bedroom will need to invest in a conversion, potentially adding to the initial move-in cost.
The monthly association fee of $520 is a significant recurring cost that may impact the purchasing power and monthly budget of price-sensitive buyers.
Welcome to this spacious 3 bedroom, 2.5 bath home located in the highly desirable Grandview Crest community of Lake Forest. Offering approximately 1,554 square feet of well-designed living space, the functional layout creates a warm and inviting atmosphere. Hardwood flooring enhances the entry and kitchen areas, and both the kitchen and bathrooms have been tastefully updated. The home is currently configured with two primary suites plus a versatile loft that can easily be converted into a third bedroom, home office, or flex space to suit your needs. Enjoy one of the larger backyards in the community, a rare find for a condominium, providing ample space for outdoor entertaining, relaxing, or gardening. Recent HOA improvements include PEX re-piping, a new roof, renovated pools, and resurfaced tennis and basketball courts. The community offers well-maintained amenities and a welcoming neighborhood environment. Conveniently located within the Saddleback Valley Unified School District, this home is within walking distance to Lake Forest Elementary and close to Serrano Intermediate and El Toro High School.
No exterior & parking available.
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,556 | 1,037 | 83% |
| Lot Size | 212,106 | 167,937 | 65% |
| Price | $840.0K | $625.0K | 77% |
| Price per sq ft | $540 | $600 | 17% |
| Built year | 1985 | 1983 | 53% |
| HOA | $520.0 | $465 | 73% |
| Days on market | 48 | 155 | 5% |
Mar 5, 2026
$840,000
Initial Listing