
Lake Forest, California 92630
This Turnkey Condominium represents a Strong Value Opportunity, listed at $399,000—positioned well below the $425,000 Fair Market Value by 6%. This valuation gap provides $26,000 in Instant Equity. Featuring a Mint Condition Rating with a remodeled kitchen, laminate flooring, and a private patio, this ground-floor unit offers a low-maintenance lifestyle. Located in the Saddleback Valley Unified district, it is an ideal acquisition for first-time buyers or investors seeking a move-in-ready asset with community pool and spa access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23216 Orange Ave 7 Subject | $399,000* List Price | 1 | 1 | 685 | $620 | - |
A 23294 Orange Avenue 6 Sold | $375,000 | 1 | 1 | 685 | $547 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully remodeled kitchen with new shaker cabinetry and stone countertops, an updated bathroom, new laminate flooring, and fresh paint, placing it in mint, move-in-ready condition.
The unit features extensive updates including a remodeled kitchen with stone countertops, new cabinetry, laminate flooring, and refreshed bathroom finishes, offering a move-in-ready experience.
As a ground-floor, single-level condominium, the property provides easy access and convenient living without the hassle of stairs, appealing to a wide range of buyers.
The inclusion of an inside laundry area and a private patio adds significant functional value and comfort rarely found in similar-sized condominium units.
The association fee of $658 per month is relatively high for a one-bedroom unit, which could impact the overall monthly carrying costs and buyer affordability.
With only 685 square feet of living space, the property offers a limited footprint that may feel restrictive for those requiring extra storage or a dedicated home office.
This property may qualify for the Community Advantage Program, offering eligible buyers discounted interest rates, financing with as little as 3% down, and no private mortgage insurance (PMI). Welcome to 23216 Orange Avenue #7 in the desirable Aliso Creek Villas community. This inviting ground-floor, one-bedroom, one-bathroom condominium offers comfortable single-level living with a bright, open floor plan and a private patio for relaxing or entertaining. The home features a spacious living area, a remodeled kitchen with ample cabinet space, an adjacent dining area, and the convenience of an inside laundry area. The generously sized bedroom offers plenty of natural light and closet space, while the updated bathroom provides a clean, modern feel. Renovations have included laminate flooring, fresh paint, new kitchen cabinetry, stone countertops, updated lighting, appliances, and bathroom finishes. Residents enjoy access to community amenities including a pool, spa, clubhouse, and landscaped greenbelts. The unit also includes an assigned covered carport. Conveniently located near shopping, restaurants, parks, public transportation, and with easy access to the I-5 and I-405 freeways, this home is ideal for first-time buyers or investors.
No exterior & parking available.
Grades 7-8 • 0.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 685 | 1,109.86 |
| Lot Size | 870,887 | 165,856.581 |
| Price | $399.0K | $663.6K |
| Price per sq ft | $582 | $603 |
| Built year | 1980 | 1987 |
| HOA | $658.0 | $485 |
| Days on market | 39 | 54 |
Aug 4, 2026
$399,000
$425,000
-6% Price Drop
Initial Listing
Aug 1, 2026
$425,000
Initial Listing
Mar 9, 2022
$400,500
Public Record
Mar 30, 2010
$111,000
Public Record
Apr 22, 2003
$155,000
Public Record