22321 Parkwood, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath

22321 Parkwood, Lake Forest, California 92630 home-pic-0
ACTIVE$1,395,000
22321 Parkwood, Lake Forest, California 92630
4Beds
3Baths
2,279Sqft
7,000Lot

Price Vs. Estimate

The estimated value ($768,633.27) is $626,366.73 (44%) lower than the list price ($1,395,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Recent Upgrades: The property boasts numerous significant upgrades including a new electrical panel, two EV charging outlets, a rebuilt deck, PEX repipe with leak detection, updated faucets and vanities, and smart locks, enhancing its modern functionality and value.
Top Cons:
Significant Valuation Gap: The current listing price is substantially higher than the property's estimated value, suggesting a potential overpricing relative to market comparables or a need for further justification of the asking price.

Compared to the nearby listings

Price:$1.40M vs avg $1.31M (+$85,000)62%
Size:2,279 sqft vs avg 2,130 sqft57%
Price/sqft:$612 vs avg $67434%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, this property has undergone extensive and recent upgrades, including a new electrical panel, PEX repipe, rebuilt deck, and updated kitchen and bathrooms. The kitchen features modern stainless steel appliances, updated white shaker cabinetry, and stylish countertops/backsplash. Bathrooms have updated vanities and fixtures, with the master boasting a large walk-in shower. While the property lacks central air conditioning for the main residence, the significant system updates and overall well-maintained condition make it move-in ready with no immediate renovations required, aligning with a 'Good' rating.
Year Built
1977
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$612
HOA
$260
Days on market
-
Sold On
-
MLS number
OC25111559
Home ConditionGood
Features
Good View: Neighborhood, Trees/Woods
Deck
Patio
ViewNeighborhood, Trees/Woods

About this home

Wonderful single-family residence nestled within the idyllic Woods neighborhood of Lake Forest. The main level boasts a spacious and inviting layout. The large kitchen features ample updated cabinetry and countertops, a stylish backsplash, and stainless steel appliances. Adjacent is the open and airy dining room with two sets of French doors that open to a covered patio—perfect for al fresco dining. The comfortable family room, with vaulted ceilings and an abundance of natural light, is ideal for unwinding in front of your entertainment center and fireplace. With a flexible floor plan to suit your needs, the upper level includes the owner’s suite with a private walk-out deck, two secondary bedrooms, and a second bathroom. The lower level features a full bedroom and bathroom, as well as an office (potential fifth bedroom) with French doors opening to the exterior. The third-bay garage has been converted into a separate enclosed room with closet: a versatile flex space equipped with its own Koldfront HVAC unit. This home offers numerous upgrades, including a new electrical panel, two EV charging outlets, a rebuilt deck, PEX repipe with leak detection, updated faucets and vanities, smart locks, and more. HOA membership includes access to the Beach and Tennis Club, offering a beach lagoon, pools, tennis courts, half basketball courts, pickleball courts, beach volleyball, a gym, clubhouse, and much more.

Nearby schools

3/10
Santiago Elementary School
Public,K-60.6mi
7/10
La Madera Elementary School
Public,K-61.0mi
6/10
Serrano Intermediate School
Public,7-80.5mi
7/10
El Toro High School
Public,9-120.7mi
Condition Rating
Good

Built in 1977, this property has undergone extensive and recent upgrades, including a new electrical panel, PEX repipe, rebuilt deck, and updated kitchen and bathrooms. The kitchen features modern stainless steel appliances, updated white shaker cabinetry, and stylish countertops/backsplash. Bathrooms have updated vanities and fixtures, with the master boasting a large walk-in shower. While the property lacks central air conditioning for the main residence, the significant system updates and overall well-maintained condition make it move-in ready with no immediate renovations required, aligning with a 'Good' rating.
Pros & Cons

Pros

Extensive Recent Upgrades: The property boasts numerous significant upgrades including a new electrical panel, two EV charging outlets, a rebuilt deck, PEX repipe with leak detection, updated faucets and vanities, and smart locks, enhancing its modern functionality and value.
Exceptional HOA Amenities: HOA membership provides exclusive access to the Lake Forest Beach and Tennis Club, offering a wide array of resort-style amenities such as a beach lagoon, multiple pools, tennis, pickleball, basketball, volleyball courts, a gym, and clubhouse.
Versatile Living Spaces: The home features a flexible floor plan, a lower level with a full bedroom, bathroom, and an office (potential fifth bedroom), plus a converted third-bay garage into a versatile flex space with its own HVAC unit.
Updated Kitchen & Indoor-Outdoor Flow: A large, updated kitchen with ample cabinetry, countertops, stylish backsplash, and stainless steel appliances, complemented by a dining room with French doors leading to a covered patio for al fresco dining.
Desirable Neighborhood & Views: Nestled in the idyllic 'Woods' neighborhood, the residence offers pleasant views of the neighborhood and surrounding trees/woods, contributing to a serene living environment.

Cons

Significant Valuation Gap: The current listing price is substantially higher than the property's estimated value, suggesting a potential overpricing relative to market comparables or a need for further justification of the asking price.
Lack of Central Air Conditioning: While the converted garage includes a Koldfront HVAC unit, there is no mention of central air conditioning for the main residence, which could be a significant comfort concern in warmer months.
Age of Property: Built in 1977, despite numerous recent upgrades, the underlying age of the property may still present potential for future maintenance needs or a desire for more comprehensive modern updates beyond those already completed.

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