23862 Palmek, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 2 bath
23862 Palmek
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 23862 Palmek, Lake Forest, California 92630 reveals a Fairly Priced Property with a current list price of $1,095,000 aligned with the estimated $1,102,483 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23862 Palmek Subject | $1,095,000* List Price | 4 | 2 | 1,207 | $913 | - |
A 24032 Gemwood Sold | $1,050,000 | 3 | 2 | 1,144 | $918 | 0.3 mi |
B 24732 Alanwood St Sold | $1,162,914 | 3 | 2 | 1,207 | $963 | 0.2 mi |
C 24541 Bridger Sold | $1,098,000 | 3 | 2 | 1,207 | $910 | 0.5 mi |
D 23341 La Vaca Sold | $1,100,000 | 3 | 2 | 1,412 | $779 | 0.5 mi |
E 24221 Ankerton Active | $1,167,000 List Price | 3 | 2 | 1,144 | $1,020 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1964, the property has undergone an extensive recent renovation within the last 5 years. Upgrades include a new roof, luxury vinyl flooring, a fully modernized kitchen with stainless steel appliances and shaker cabinets, updated bathrooms, new recessed lighting, and fresh interior/exterior paint, meeting current quality standards for move-in readiness.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7410, living area = 1207.
- Extensive Recent Upgrades
The property is move-in ready featuring a new roof, luxury vinyl flooring, fresh interior and exterior paint, recessed lighting, and a recently upgraded kitchen, providing modern aesthetics and reduced immediate maintenance.
- Financial Advantages
The absence of both HOA fees and Mello Roos assessments significantly lowers the monthly carrying costs and increases the overall affordability compared to many neighboring Orange County communities.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 1,207 square feet of living space distributed across four bedrooms, the individual room sizes and common areas may feel restrictive for larger families or those accustomed to more open proportions.
- Vintage Infrastructure
Despite the extensive cosmetic and surface-level upgrades, the 1964 construction year suggests that some underlying structural or plumbing systems may be nearing the end of their typical lifespan.
About 23862 Palmek
This single detached home, ideally situated on a corner lot, boasts incredible curb appeal. Once inside, you will fall in love with this 4 bedroom, 2 bath single level property. An inviting open floorplan and abundant natural light make the home ideal for comfortable southern California living. Property is move-in ready with many recent upgrades: new roof, new luxury vinyl flooring, new baseboards, new mirrored closet doors, new paint inside and out, recessed lighting, new interior and exterior light fixtures, new toilets, new electrical outlets, and a recent kitchen upgrade. The corner lot features a large backyard, ideal for outdoor living and entertaining. A large 10x10 storage unit offers additional possibilities for organization. Both the front and back yards have new landscaping with sprinklers and drip irrigation. This home is conveniently located near local schools, premium shopping and dining, major highways, and top-tier amenities. It is also close to biking and jogging trails, Whiting Ranch Wilderness Park, Etnies Skatepark, Lake Forest Sports Park and is less than 10 miles to Laguna Beach. Saddleback Valley Unified School District typically offers flexibility with school selection. Oxford Preparatory Academy has been a popular choice for elementary school families. Move-in ready convenience, optimal comfort, and an unbeatable location in this must-see property! No HOA’s and No Mello Roos.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 7,410 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,207 | 2,179 | 6% |
| Lot Size | 7,410 | 5,400 | 82% |
| Price | $1.09M | $1.36M | 11% |
| Price per sq ft | $907 | $675 | 91% |
| Built year | 1964 | 1978 | 5% |
| HOA | $0 | $140 | 26% |
| Days on market | 18 | 178 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$1,095,000
Initial Listing