
Lake Forest, California 92630
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,378,238 Fair Market Value by 5%. This valuation gap offers $79,238 in Instant Equity. Featuring a Permitted 2021 ADU and a Condition Rating of 2, the home offers modern, versatile living. Residents enjoy exclusive access to the Lake Forest Beach & Tennis Club and proximity to Saddleback Valley Unified schools. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22572 Charwood Circle Subject 4 bd · 3 ba · 2,071 sqft · $604 | $1,250,000* List Price | 4 | 3 | 2,071 | $604 | - |
A 24961 Ravenswood Sold 4 bd · 3 ba · 2,253 sqft · $626 · 0.3 mi | $1,410,000 | 4 | 3 | 2,253 | $626 | 0.3 mi |
B 22382 Pepper Lane Sold 4 bd · 3 ba · 1,846 sqft · $737 · 0.5 mi | $1,360,000 | 4 | 3 | 1,846 | $737 | 0.5 mi |
C 24691 Shadowfax Sold 4 bd · 3 ba · 2,215 sqft · $664 · 0.1 mi | $1,470,000 | 4 | 3 | 2,215 | $664 | 0.1 mi |
D 22821 Costa Bella Drive Sold 4 bd · 2 ba · 1,909 sqft · $707 · 0.4 mi | $1,350,000 | 4 | 2 | 1,909 | $707 | 0.4 mi |
E 24881 Rollingwood Sold 5 bd · 2 ba · 2,549 sqft · $608 · 0.2 mi | $1,550,000 | 5 | 2 | 2,549 | $608 | 0.2 mi |
F 25341 Cheyenne Sold 4 bd · 3 ba · 2,022 sqft · $749 · 0.8 mi | $1,515,000 | 4 | 3 | 2,022 | $749 | 0.8 mi |
G 24631 Overlake Sold 4 bd · 2 ba · 1,955 sqft · $588 · 0.3 mi | $1,150,000 | 4 | 2 | 1,955 | $588 | 0.3 mi |
H 24331 Blueridge Sold 4 bd · 3 ba · 1,906 sqft · $734 · 0.7 mi | $1,399,900 | 4 | 3 | 1,906 | $734 | 0.7 mi |
I 22332 Fallen Leaf Active 3 bd · 2 ba · 1,908 sqft · $665 · 0.3 mi | $1,269,000 List Price | 3 | 2 | 1,908 | $665 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1970, the property underwent significant recent renovations including a permitted ADU built in 2021. The main house features a modern remodeled kitchen with stainless steel appliances, updated bathrooms with contemporary tile work, and new flooring throughout, meeting the criteria for a high-quality renovation within the last 5 years.
The property includes a rare, permitted 340-sqft ADU built in 2021 with a private entrance and laundry, providing exceptional versatility for rental income or multigenerational living.
Membership to the renowned Lake Forest Beach & Tennis Club offers resort-style living with access to a swimming lagoon, tennis and pickleball courts, and a fitness center.
The main residence features an open-concept floor plan with vaulted ceilings and tastefully remodeled kitchen and bathrooms, offering a contemporary aesthetic in a functional single-level design.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7000, other record lot size in square feet = 7067. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2071, other record living area = 1731. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The backyard is described as a 'blank canvas,' which will require additional capital investment and time from the buyer to develop into a functional outdoor living space.
Having been active for 58 days, the property may face increased scrutiny from buyers regarding its price point relative to current market absorption rates.
A rare opportunity to own one of the most versatile homes in Lake Forest's highly sought-after Woods community! This beautifully updated single-story residence features a permitted attached ADU—a true standout that offers exceptional flexibility for multigenerational living, extended guests, a private home office, or rental income. Built in 2021, the approximately 340-square-foot ADU includes its own private entrance, separate address, and in-unit laundry, creating endless possibilities for today's lifestyle. Inside the main home, you'll find three spacious bedrooms and two beautifully remodeled bathrooms, enhanced by soaring vaulted ceilings, abundant natural light, and an open, inviting floor plan. The tastefully updated kitchen flows effortlessly into the spacious family room, creating the perfect setting for everyday living and entertaining. Step outside to a large, private backyard that offers a blank canvas to create your dream outdoor oasis—whether that's a resort-style retreat, outdoor kitchen, garden, or play space. The spacious primary suite provides a peaceful escape with vaulted ceilings, a walk-in closet, and an updated en-suite bathroom featuring a walk-in shower. Two additional bedrooms are generously sized with ample closet space, providing comfort and flexibility for family and guests alike. Living in The Woods means enjoying exclusive membership to the renowned Lake Forest Beach & Tennis Club, where resort-style amenities include three swimming pools, a sandy beach lagoon, tennis and pickleball courts, basketball courts, sand volleyball, a fitness center, playgrounds, BBQ areas, and year-round community events. Surrounded by mature trees, scenic walking trails, and peaceful streets, this established neighborhood offers a tranquil setting just minutes from top-rated schools, shopping, dining, parks, and major commuter routes. With a low tax rate, no Mello-Roos, and the added value of a permitted attached ADU, this exceptional property offers a combination of lifestyle, flexibility, and investment potential that rarely comes to market.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades 7-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,071 | 2,188.592 |
| Lot Size | 7,000 | 5,557.578 |
| Price | $1.25M | $1.44M |
| Price per sq ft | $604 | $661 |
| Built year | 1970 | 1981 |
| HOA | $240.0 | $158 |
| Days on market | 101 | 50 |
Sep 23, 2026
$1,250,000
$1,299,000
-4% Price Drop
Initial Listing
Jul 16, 2026
$1,299,000
Initial Listing
Jul 31, 2017
$690,000
Public Record