
Lake Forest, California 92630
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $460,000—positioned well below the $519,032 Fair Market Value by 11%. This valuation gap offers $59,032 in Instant Equity for the buyer. Featuring a Remodeled Kitchen, cathedral ceilings, and a Condition Rating of 3, this home provides a low-maintenance lifestyle with community pool access. Located in the Saddleback Valley Unified district, it is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-maintained asset in Lake Forest.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23282 Orange Subject | $460,000* List Price | 2 | 2 | 1,012 | $513 | - |
A 23276 Orange Avenue 8 Sold | $595,000 | 3 | 2 | 1,132 | $526 | 0.0 mi |
B 23216 Orange Avenue 6 Sold | $355,000 | 1 | 1 | 685 | $518 | 0.0 mi |
C 23294 Orange Avenue 6 Sold | $375,000 | 1 | 1 | 685 | $547 | 0.0 mi |
D 22722 Malaga Sold | $505,000 | 2 | 1 | 873 | $578 | 0.7 mi |
E 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 move-in ready.
While built in 1980, the property features a remodeled kitchen and significant interior updates including laminate wood flooring and retextured ceilings. It is well-maintained and move-in ready, fitting the criteria for a renovated unit in the 5-15 year range.
The unit features soaring cathedral ceilings that create an open, airy feel, complemented by a remodeled kitchen and updated laminate flooring, making it move-in ready.
The association fee covers water, trash, and fire insurance, alongside exterior maintenance and access to multiple pools, offering a low-maintenance lifestyle with significant utility savings.
Unlike many condominiums, this home includes a private laundry room for full-size appliances and provides two parking spaces, including a dedicated covered carport.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1012, other record living area = 947.
The property was recently sold within the past year on 2025-09-12. The sold price is $450,000.00.
The HOA fee of $658 per month is relatively high for this price point, which may impact the debt-to-income ratio and overall affordability for some buyers.
Welcome to this well-maintained upper-level condominium in the desirable Aliso Creek Villas community. This spacious 2-bedroom, 2-bath home features a functional floor plan with cathedral ceilings that create an open and inviting living area filled with natural light. The living room opens to a private balcony with an adjacent laundry room that accommodates a full-size electric washer and dryer. The remodeled kitchen offers ample cabinet and counter space and opens to the dining area, creating a practical layout for everyday living and entertaining. Both bedrooms feature large closets, while the primary bedroom enjoys the added convenience of an en-suite bathroom. The interior is enhanced with laminate wood and tile flooring, ceiling fans, mirrored closet doors, and retextured ceilings. The home includes a covered carport along with an additional unassigned parking space. Residents of Aliso Creek Villas enjoy access to multiple community pools, while the HOA provides exceptional value by including water, trash, basic fire insurance, and exterior and grounds maintenance. Conveniently located near shopping, restaurants, parks, schools, and major commuter routes, this home is an excellent opportunity for investors or first-time seeking low-maintenance living in the heart of Lake Forest.
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 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,012 | 1,092 |
| Lot Size | 870,887 | 91,110.5 |
| Price | $460.0K | $658.2K |
| Price per sq ft | $455 | $606 |
| Built year | 1980 | 1988 |
| HOA | $658.0 | $424 |
| Days on market | 13 | 50 |
Jul 9, 2026
$460,000
Initial Listing
Sep 12, 2025
$450,000
Public Record