23216 Orange Avenue 6, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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Lake Forest, California 92630
This Inviting One-Bedroom Condominium is listed at $420,000, representing a stable acquisition aligned with its $398,246 Fair Market Value. The property’s primary advantage is a rare 3% assumable mortgage rate, providing a unique financial hedge and significant monthly savings. Holding a Condition Rating of 4, the residence features soaring high ceilings, a private balcony, and a modern mini-split HVAC system. Located within the Saddleback Valley Unified district near major freeways, it offers a blend of comfort and accessibility. This is an ideal opportunity for first-time buyers or Owner-Occupants seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23216 Orange Avenue 6 Subject | $420,000* List Price | 1 | 1 | 685 | $581 | - |
A 23220 Orange 2 Sold | $339,000 | 1 | 1 | 685 | $495 | 0.4 mi |
B 23288 Orange Avenue 5 Sold | $355,000 | 1 | 1 | 685 | $518 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this condominium shows its age in key areas. While the property benefits from updated laminate wood-look flooring and an efficient mini-split HVAC system, the kitchen and bathroom feature significantly outdated wood-grain laminate cabinets, basic white appliances, and older-style light fixtures. These areas are functional and appear well-maintained, but their style and finishes are clearly from an older era and would require minor to moderate updates to meet current aesthetic standards.
A significant financial advantage with a 3% assumable mortgage rate, offering substantial savings in the current market.
Offers easy access to major freeways (405, 5), public transportation, and a wide array of shopping centers, enhancing convenience for residents.
Equipped with an energy-saving, quiet mini-split system for year-round heating and cooling, providing comfortable and efficient climate control.
The $637.0 association fee is substantial for a one-bedroom condominium, significantly impacting monthly housing costs.
At 685 sqft, the living space is relatively small for a condominium, which may be a limiting factor for some prospective buyers.
As a condominium, it entails shared walls and potential HOA rules that could limit personal modifications or lifestyle choices, and the property explicitly states 'None' for views.
Welcome to this inviting one bedroom condominium nestled in the heart of Lake Forest, Orange County. Located in a highly sought-after community, this home offers the perfect blend of convenience and comfort. Enjoy easy access to the 405 and 5 freeways, public transportation, and a wide array of shopping centers-all just minutes away. whether you're commuting or exploring, everything you need is right around the corner. Community amenities include a sparkling pool and a welcoming Clubhouse-ideal for relaxing weekends or entertaining guests. *****"3% assumable rate available!"***** * Dedicated washer and dryer area-convenient and private for everyday living. * Spacious working closet, perfect for organizing clothes or creating a mini dressing room. * Soaring high ceilings that bring in natural light and add an airy open feel. * Private balcony-ideal for morning coffee, relaxing evenings, or a touch or greenery. * Efficient mini split system, provides not and cold air settings, energy -saving climate control for cozy winter and cool summers, without the bulky HVAC units, system blends seamlessly into your space and offers whisper-quite performance.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 685 | 1,022 | 16% |
| Lot Size | 870,887 | 167,937 | 96% |
| Price | $420.0K | $610.0K | 13% |
| Price per sq ft | $613 | $603 | 55% |
| Built year | 1980 | 1983 | 26% |
| HOA | $637.0 | $465 | 90% |
| Days on market | 264 | 166 | 87% |
Oct 12, 2025
$420,000
$430,000
-2% Price Drop
Initial Listing
Aug 1, 2025
$430,000
Initial Listing