
Lake Forest, California 92630
This Turnkey Condominium represents a Strong Value Opportunity, listed at $440,000—positioned well below the $487,143 Fair Market Value by 9%. This valuation gap provides $47,143 in Instant Equity. Featuring a recently remodeled kitchen, modern laminate flooring, and an expansive fenced yard, the property holds a Mint Condition Rating. Located within the Saddleback Valley Unified School District, this home offers a premium lifestyle for first-time buyers or owner-occupants seeking a move-in ready residence with significant financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23232 Orange Unit 7 7 Subject 2 bd · 2 ba · 947 sqft · $519 | $440,000* List Price | 2 | 2 | 947 | $519 | - |
A 22828 Mesa Way 4 Sold 2 bd · 1 ba · 981 sqft · $489 · 0.6 mi | $480,000 | 2 | 1 | 981 | $489 | 0.6 mi |
B 23280 Orange Avenue 7 Sold 2 bd · 2 ba · 947 sqft · $465 | $440,000 | 2 | 2 | 947 | $465 | - |
C 25354 Via Verde 2 Active 2 bd · 2 ba · 1,020 sqft · $510 · 0.6 mi | $520,000 List Price | 2 | 2 | 1,020 | $510 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a recently remodeled kitchen with modern white cabinetry and quartz countertops, along with newer laminate wood flooring throughout. While the building was constructed in 1980, the interior renovations appear to be within the last 5 years, resulting in a mint, move-in ready condition with updated bathrooms and stainless steel appliances.
This rare first-floor corner unit features an expansive fenced yard and a covered front patio, providing exceptional outdoor space that is highly sought after in condominium living.
The home boasts a recently remodeled kitchen with quartz countertops and newer laminate wood flooring throughout, offering a contemporary, move-in-ready aesthetic for buyers.
Located in the top-rated Saddleback Valley Unified School District, the property offers excellent walkability to local amenities and convenient access to the 5, 405, and 241 freeways.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =870887, other record lot size in square feet = 1228416. Living area discrepancy between mls listing and other public or private record. mls listing living area = 947, other record living area = 685. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The monthly HOA fee of $637 is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
The property includes only one assigned carport and relies on a wall-mounted A/C unit rather than central air conditioning, which may be a drawback for some families.
BUYER WAS UNABLE TO CLOSE AT NO FAULT TO SELLER! Rare opportunity to own a first-floor corner 2-bedroom, 2-bathroom condo with an expansive fenced yard and covered front patio in the desirable Aliso Creek Villas community. 23232 Orange Unit 7 is surrounded by tree-lined streets, walking paths, meandering greenbelts, a community pool, and a playground, this inviting home offers comfort, convenience, and an ideal Southern California lifestyle. The HOA includes water and trash service for added value. Step inside to discover newer modern laminate wood flooring throughout and a bright, open-concept living area designed for easy everyday living and entertaining. The recently remodeled kitchen features crisp white cabinetry, quartz countertops, abundant storage, stainless steel dishwasher, built-in microwave, natural light, and a dedicated dining area with a wall-mounted A/C unit nearby. The primary bedroom includes generous closet space, window blinds, a ceiling fan, and a private ensuite bathroom. The secondary bedroom also offers ample closet space, new blinds, and convenient access to the full hallway bathroom. Both bathrooms include tub-and-shower combinations. Washer and dryer hookups are tucked inside a secure laundry closet located on the front porch. Enjoy outdoor living in the large, fenced backyard patio—perfect for summer barbecues, pets, gardening, or simply relaxing at home. This property includes one assigned carport, with an additional parking pass available for purchase through the HOA. Ideally located within walking distance to local shops, restaurants, parks, trails, and schools in the top-rated Saddleback Valley Unified School District, with easy access to the 5 and 405 freeways, Laguna Canyon via El Toro Road, and the 241 Toll Road. Don’t miss this charming Aliso Creek Villas home, it won’t last!
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 | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 947 | 1,096.746 |
| Lot Size | 870,887 | 185,385.508 |
| Price | $440.0K | $649.6K |
| Price per sq ft | $465 | $596 |
| Built year | 1980 | 1986 |
| HOA | $637.0 | $502 |
| Days on market | 40 | 57 |
Sep 15, 2026
$440,000
Initial Listing
Feb 11, 2009
$100,000
Public Record
May 12, 2004
$225,000
Public Record
Jan 3, 2001
$101,500
Public Record