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23216 Orange Avenue 6, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath

23216 Orange Avenue 6, Lake Forest, California 92630 home-pic-0
ACTIVE$420,000
23216 Orange Avenue 6, Lake Forest, California 92630
1Bed
1Bath
685Sqft
870,887Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Assumable Loan Rate: The availability of a 3% assumable loan rate offers a significant financial advantage in today's higher interest rate market, making it highly attractive to potential buyers.
Top Cons:
High Monthly Association Fees: The $637 monthly association fee is considerably high for a one-bedroom unit, which can significantly impact overall affordability and monthly ownership costs.

Compared to the nearby listings

Price:$420.0K vs avg $610.0K ($-190,000)8%
Size:685 sqft vs avg 1,000 sqft4%
Price/sqft:$613 vs avg $60359%

More Insights

Built in 1980 (45 years old).
Condition: Built in 1980, this condominium features a kitchen with dated wood-look laminate cabinets, butcher block style countertops, and older white appliances, indicating a need for significant cosmetic updates. The bathroom also presents an outdated aesthetic with a similar wood-look vanity, Hollywood-style lighting, and vertical paneling. While the property benefits from a newer 'efficient mini split system' for heating and cooling and updated laminate flooring, the primary living spaces (kitchen and bathroom) are functionally sound but aesthetically outdated, requiring minor to moderate renovations to meet current standards.
Year Built
1980
Close
-
List price
$420K
Original List price
$430K
Price/Sqft
$613
HOA
$637
Days on market
-
Sold On
-
MLS number
RS25168003
Home ConditionFair
Features
Deck
View-

About this home

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.

Nearby schools

5/10
Los Alisos Intermediate School
Public,•7-8•0.5mi
7/10
Mission Viejo High School
Public,•9-12•2.0mi
Condition Rating
Fair
Built in 1980, this condominium features a kitchen with dated wood-look laminate cabinets, butcher block style countertops, and older white appliances, indicating a need for significant cosmetic updates. The bathroom also presents an outdated aesthetic with a similar wood-look vanity, Hollywood-style lighting, and vertical paneling. While the property benefits from a newer 'efficient mini split system' for heating and cooling and updated laminate flooring, the primary living spaces (kitchen and bathroom) are functionally sound but aesthetically outdated, requiring minor to moderate renovations to meet current standards.
Pros & Cons

Pros

Assumable Loan Rate: The availability of a 3% assumable loan rate offers a significant financial advantage in today's higher interest rate market, making it highly attractive to potential buyers.
Prime Location & Accessibility: Situated in a highly sought-after Lake Forest community, the property boasts excellent access to major freeways (405, 5), public transportation, and a wide array of shopping centers, ensuring convenience for commuting and daily needs.
Modern Climate Control: Equipped with an efficient mini-split system, the unit provides energy-saving, whisper-quiet heating and cooling, offering modern comfort without bulky HVAC units.
Desirable Community Amenities: Residents benefit from access to a sparkling community pool and a welcoming clubhouse, enhancing lifestyle options for relaxation and entertainment.
Convenient In-Unit Features: The condominium includes a dedicated washer and dryer area for private laundry and a private balcony, providing essential convenience and personal outdoor space.

Cons

High Monthly Association Fees: The $637 monthly association fee is considerably high for a one-bedroom unit, which can significantly impact overall affordability and monthly ownership costs.
Compact Living Space: With only 685 square feet and a 1-bedroom, 1-bathroom configuration, the property offers limited living space, potentially restricting its appeal to a broader range of buyers, particularly those needing more room.
Absence of Scenic Views: The property explicitly states 'view: None,' which could be a significant drawback for buyers prioritizing scenic outlooks or natural light from desirable views.

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