23791 Formello, Laguna Hills, California 92653, Laguna Hills, 92653 - 4 bed, 2 bath
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23791 Formello
Laguna Hills, California 92653
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,660Sq Ft
5,000Lot Size
Property Price
LIST PRICE$1,248,000
EST. MARKET VALUE
$1,290,383
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Story Residence represents a Prime Investment Opportunity, listed at $1,248,000—positioned well below the $1,290,383 Fair Market Value by 3%. This valuation gap provides $42,383 in Instant Equity. Featuring a Mint Condition Rating with high-end quartz finishes and a new HVAC system, the home offers a serene Park/Greenbelt View in a quiet cul-de-sac. Located within the Saddleback Valley Unified district, this property is an ideal acquisition for Owner-Occupants or discerning families seeking a move-in ready sanctuary.
Estimated Market Value
$1,290,383+$42,383 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Laguna Hills.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23791 Formello Subject | $1,248,000* List Price | 4 | 2 | 1,660 | $777 | - |
A 22332 Savona Sold | $1,180,000 | 3 | 2 | 1,290 | $915 | 0.1 mi |
B 22361 Modina Sold | $1,100,000 | 3 | 2 | 1,290 | $853 | 0.1 mi |
C 22102 Padova Sold | $1,117,000 | 4 | 2 | 1,496 | $747 | 0.2 mi |
D 22121 Padova Active | $1,180,000 List Price | 4 | 2 | 1,366 | $864 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1972, the property has undergone a comprehensive recent renovation (likely <5 years) including a gourmet kitchen with quartz countertops and new appliances, spa-like bathrooms with designer Bedrosians tile, a new HVAC system, and an updated roof. The interior features modern finishes like walnut laminate flooring and a new stone fireplace, making it mint condition and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High-End Modern Renovations
The home features a gourmet kitchen with quartz countertops and designer bathrooms with Bedrosians tile, offering a move-in-ready experience with contemporary, high-quality finishes.
- Serene Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac, the property boasts peaceful park and greenbelt views, providing a rare sense of privacy and a tranquil outdoor setting.
- Comprehensive System Upgrades
Significant investments in a new HVAC system, updated roof, and tuned irrigation ensure long-term functional reliability and reduced immediate maintenance costs for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1660, other record living area = 1366.
- Recently Sold Property
The property was recently sold within the past year on 2026-05-11. The sold price is $897,000.00.
- Extended Days on Market
With 50 days on market and multiple price reductions, the property may face perception challenges regarding its value relative to recent comparable sales in the neighborhood.
About 23791 Formello
23791 Formello, Laguna Hills – Charming Single-Story Retreat Welcome to this beautifully updated 4-bedroom, 2-bathroom single-story home in the heart of Laguna Hills. Nestled on a generous 5,000 sq ft lot in a fantastic cul-de-sac, the property offers peaceful views overlooking a beautiful park just beyond the backyard—creating a serene, park-like setting perfect for relaxing and outdoor enjoyment. Step inside to warm walnut shell laminate flooring that complements the bright, open layout enhanced by dual-pane windows and sliding glass doors. The spacious family living area centers around a stunning new stone fireplace and built-in shelving with bench seating, ideal for cozy evenings and effortless entertaining. The gourmet kitchen shines with slim oak shaker cabinets, luxurious quartz countertops and backsplash, champagne bronze fixtures, and all-new appliances. An overhang peninsula flows beautifully into a large, sun-drenched room—perfect for casual dining or everyday living. Generous guest bedrooms feature new closet systems with stylish frameless mirrored sliding doors. The guest bathroom impresses with a quartz vanity, champagne bronze hardware, a gold-framed mirror, designer lighting, a deep soaking tub, and a shower wrapped in elegant Bedrosians tile with a convenient built-in niche. The primary suite offers a private sanctuary with an oversized walk-in closet and a spa-like bathroom featuring a large double vanity in slim oak shaker style, quartz countertops, champagne bronze fixtures, a spacious walk-in shower with premium Bedrosians tile and niche, plus crystal-clear Starphire glass. Thoughtful upgrades includes updated roof, a new HVAC system, new garage door motor and keypad, new camera video doorbell, new exterior lighting throughout, and a tuned irrigation system for both front and backyard. A welcoming front patio adds to the home’s charm. Located in a prime Laguna Hills neighborhood, you’re just minutes from Laguna Beach, Laguna Woods Golf Course, top-rated schools, shopping, and dining with easy access to the 5 and 405 freeways. This move-in ready home on an awesome cul-de-sac is truly special—schedule your private showing today and experience it for yourself!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Laguna Hills Unified Schools
San Joaquin Elementary School
Grades K-6 • 0.1 mi
4/10
Los Alisos Intermediate School
Grades 7-8 • 2.9 mi
5/10
Laguna Hills High School
Grades 9-12 • 2.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,660 | 2,711.614 |
| Lot Size | 5,000 | 9,688.182 |
| Price | $1.25M | $1.84M |
| Price per sq ft | $752 | $735 |
| Built year | 1972 | 1978 |
| HOA | $0 | $192 |
| Days on market | 55 | 48 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,248,000
$1,274,000
-2% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$1,274,000
$1,298,000
-2% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$1,298,000
Initial Listing
Sold
May 11, 2026
$897,000
Public Record