
Lake Forest, California 92630
This Turnkey Single-Story Residence is a Strong Value Opportunity, listed at $1,185,000, which aligns closely with its $1,171,113 Fair Market Value. Featuring a Mint Condition Rating with a newer roof, HVAC, and modern kitchen, this home offers a stress-free transition for buyers. The expansive 7,296 sqft lot provides a private courtyard and massive backyard, rare for the area. With No HOA or Mello-Roos, this property ensures long-term financial efficiency. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23841 Palmek Subject | $1,185,000* List Price | 4 | 2 | 1,606 | $729 | - |
A 23861 Palmek Circle Sold | $1,210,000 | 4 | 2 | 1,504 | $805 | 0.0 mi |
B 24132 Palmek Circle Sold | $1,135,000 | 4 | 3 | 1,696 | $669 | 0.3 mi |
C 24781 Belgreen Place Sold | $1,200,000 | 4 | 2 | 1,690 | $710 | 0.2 mi |
D 24742 Belgreen Place Sold | $1,288,000 | 4 | 3 | 2,000 | $644 | 0.2 mi |
E 23312 La Vaca Sold | $1,049,000 | 4 | 2 | 1,212 | $866 | 0.5 mi |
F 23862 Palmek Sold | $1,080,000 | 4 | 2 | 1,207 | $895 | 0.0 mi |
G 24501 Bridger Road Sold | $990,000 | 3 | 2 | 1,296 | $764 | 0.5 mi |
H 24851 Stem Sold | $1,242,000 | 4 | 3 | 2,152 | $577 | 0.6 mi |
I 24668 Jutewood Active Under Contract | $1,074,000 List Price | 4 | 2 | 1,512 | $710 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1964 build date, the property has undergone a high-quality recent renovation featuring fresh interior/exterior paint, brand-new kitchen appliances, and modern bathroom updates. Major systems including the roof, HVAC, windows, and water heater are all newer, meeting the criteria for mint condition and immediate move-in readiness.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7296, living area = 1606.
The absence of HOA fees and Mello-Roos assessments significantly lowers the monthly carrying costs and increases long-term affordability for buyers in the Orange County market.
Significant upgrades including a newer roof, windows, HVAC system, and fresh interior/exterior paint provide peace of mind and reduce immediate post-purchase maintenance expenses.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The conversion of the original living room into a fourth bedroom may compromise the home's traditional flow and reduce the available common living area for larger families.
Originally built in 1964, the property may still possess older underlying infrastructure elements that lack the modern efficiency and standards of newer residential developments.
SINGLE-STORY HOME | HUGE PRIVATE BACKYARD | PRIVATE GATED COURTYARD | NO HOA | Welcome to 23841 Palmek, a charming and spacious single-story home located in a desirable Lake Forest neighborhood. Public records show 3 bedrooms and 2 bathrooms; the owner converted the original living room into an additional primary bedroom, creating a flexible 4-bedroom-style layout. As you enter, a private gated front courtyard creates a welcoming first impression while providing an added sense of privacy and a peaceful outdoor space before stepping inside. Inside, the home feels bright, spacious, and inviting, with fresh interior and exterior paint and newly painted closets throughout. The kitchen features a functional island and brand-new appliances. The home features a large family room with a cozy fireplace—a warm and inviting gathering space with plenty of room for relaxing, entertaining, watching movies, or spending time with family and friends. The spacious primary suite features a walk-in closet and additional bonus space, ideal for a home office, reading area, or private retreat. The three additional bedrooms are also generously sized. The owner has completed several significant improvements over the years, including a newer roof, windows, water heater, and A/C, adding comfort and value to the home. Step outside to the huge private backyard, offering plenty of room for outdoor dining, entertaining, gardening, family gatherings, or creating your own Southern California outdoor retreat. Enjoy the added benefit of NO HOA and NO MELLO-ROOS. Conveniently located near schools, shopping, dining, and parks, with easy access to Irvine Spectrum, Newport Beach, Laguna Beach, I-5, I-405, and nearby toll roads.Welcome home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,606 | 2,240.102 |
| Lot Size | 7,296 | 5,415.915 |
| Price | $1.19M | $1.45M |
| Price per sq ft | $738 | $665 |
| Built year | 1964 | 1981 |
| HOA | $0 | $159 |
| Days on market | 6 | 47 |
Sep 3, 2026
$1,185,000
Initial Listing
Feb 10, 2000
$235,000
Public Record