23222 Orange 4, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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Lake Forest, California 92630
This Recently Renovated Condominium is a Strong Value Opportunity, listed at $475,000—positioned well below the $524,599 Fair Market Value by 9%. This valuation gap provides $49,599 in Instant Equity for incoming owners. Boasting a Condition Score of 2, the interior features a remodeled quartz kitchen, new laminate flooring, and a luxury master ensuite with custom tile. Located in the Saddleback Valley Unified district with views of the community pool, this turnkey home balances modern lifestyle perks with significant financial upside. It is an ideal match for first-time buyers or Owner-Occupants seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23222 Orange 4 Subject | $475,000* List Price | 2 | 2 | 895 | $576 | - |
A 23276 Orange Avenue 8 Sold | $595,000 | 3 | 2 | 1,132 | $526 | 0.0 mi |
B 23294 Orange Avenue 6 Sold | $375,000 | 1 | 1 | 685 | $547 | 0.0 mi |
C 23224 Orange Avenue 5 Active | $375,000 List Price | 1 | 1 | 724 | $518 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a remodeled kitchen with new quartz countertops and a modern sink, brand new laminate and carpet flooring throughout, and freshly painted interiors. The bathrooms have been updated with custom luxury tile work and new vanities. Additionally, the unit includes a brand new high-efficiency electric furnace, and all components appear virtually new with no visible deferred maintenance, meeting the criteria for a recently fully renovated home.
The unit features extensive recent renovations, including a remodeled kitchen with quartz countertops, new laminate flooring, and a luxury master ensuite with custom tile work and a walk-in shower.
Situated in a prime Lake Forest location, the property offers quick access to the 5 freeway and nearby shopping centers, making it ideal for professionals and frequent shoppers.
The floor plan includes a private balcony with a dedicated laundry closet and views of the community pool, providing both convenience and a pleasant outdoor extension of the living space.
At $625 per month, the association fee is relatively high compared to the property's price point and square footage, which may impact overall monthly affordability for some buyers.
While the unit features a new high-efficiency furnace for heating, the listing does not specify a central cooling system, which is a significant consideration for Southern California summers.
Newly upgraded unit. Prime location in the city of Lake forest, near shopping center and the 5 freeway. This property offers 2 bedrooms and 2 full baths, the master has an ensuite, brand new walk in shower with custom luxury tiles and walk in closet. The unit has been freshly painted, central heating with a brand new high efficiency electric furnace, brand new carpet in the bedrooms, complete with laminated floors in living, kitchen and dining areas. The kitchen has been remodeled with custom paint, quartz countertops, breakfast bar and a modern sink. This unit has a washer and dryer closet on the balcony allowing for quiet and privacy. The unit is located just steps away from the pool which you can view from the spacious balcony. Ample storage space throughout. A must see!
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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 895 | 1,075 | 34% |
| Lot Size | 870,887 | 168,296 | 95% |
| Price | $475.0K | $599.9K | 19% |
| Price per sq ft | $531 | $603 | 16% |
| Built year | 1980 | 1983 | 28% |
| HOA | $625.0 | $475 | 88% |
| Days on market | 58 | 131 | 8% |
Apr 10, 2026
$475,000
Initial Listing
Nov 13, 2015
$264,000
Public Record
Jul 1, 2008
$140,000
Public Record
Sep 26, 2005
$339,000
Public Record
Mar 3, 2003
$183,000
Public Record
Jul 17, 2001
$150,000
Public Record