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23881 Gates Street, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath

23881 Gates Street, Lake Forest, California 92630 home-pic-0
ACTIVE$1,299,000
23881 Gates Street, Lake Forest, California 92630
4Beds
3Baths
1,862Sqft
5,580Lot

Price Vs. Estimate

The estimated value ($768,132.23) is $530,867.77 (40%) lower than the list price ($1,299,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property has undergone a comprehensive 'Modern Farmhouse' renovation, featuring a gourmet kitchen with premium quartz countertops and stainless steel appliances, light oak laminate flooring, dual-pane windows, recessed lighting, and spa-like bathrooms with porcelain finishes.
Top Cons:
Significant Price Discrepancy: The current listing price of $1,299,000 is substantially higher than the property's estimated value of $768,132.23, indicating a potential overpricing or a need for further justification of value.

Compared to the nearby listings

Price:$1.30M vs avg $1.31M ($-11,000)45%
Size:1,862 sqft vs avg 2,120 sqft34%
Price/sqft:$698 vs avg $67563%

More Insights

Built in 1973 (52 years old).
Condition: Despite being built in 1973, this property has undergone an extensive and high-quality 'Modern Farmhouse' renovation, making it virtually new. The kitchen is a culinary masterpiece with light oak shaker cabinets, premium quartz countertops, porcelain tile backsplash, stainless steel appliances, and a pot filler. All bathrooms feature sophisticated design with new porcelain flooring, shower surrounds, and frameless glass doors. The home boasts new light oak laminate flooring throughout, dual-pane windows, recessed lighting, and even paid rooftop solar panels. The overall condition, style, and features meet current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' rating for a recently renovated property.
Year Built
1973
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$698
HOA
-
Days on market
-
Sold On
-
MLS number
PW25109390
Home ConditionExcellent
Features
Pool
Spa
Patio
View-

About this home

# Exquisite Modern Farmhouse Haven in Lake Forest. Welcome to 23881 Gates St, a captivating 1,862 sqft residence featuring 4 bedrooms and 3 bathrooms in the desirable Lake Forest community. This thoughtfully designed Modern Farmhouse captures the essence of contemporary luxury living while maintaining timeless appeal. Upon arrival, you're greeted by a sophisticated wood slat double door entry, ushering you into formal living and dining spaces that flow seamlessly into a family room anchored by an elegant porcelain-clad fireplace. The gourmet kitchen stands as a culinary masterpiece with light oak shaker cabinets, premium quartz countertops, and a refined porcelain tile backsplash. Stainless steel appliances and a convenient pot filler complete this chef's haven. The home's discerning design continues with light oak laminate flooring throughout, dual-pane windows and sliding doors that bathe the interior with natural light, and thoughtfully placed recessed lighting. The first level hosts two bedrooms with distinctive frosted glass doors, while the second floor offers two ensuite accommodations. Each bathroom exemplifies sophisticated design with porcelain flooring, porcelain shower surrounds, and frameless glass doors creating a spa-like ambiance. Outside, entertainment opportunities abound with a free-form swimming pool and spa, complemented by a spacious covered patio perfect for al fresco gatherings. Additional features include paid rooftop solar panels and a converted garage offering flexible living space. Conveniently located near Heroes Park, Smart & Final Extra!, and Los Alisos Intermediate School, this residence offers both luxury and practicality in a premier location.

Nearby schools

4/10
Olivewood Elementary School
Public,•K-6•0.7mi
6/10
Serrano Intermediate School
Public,•7-8•1.0mi
7/10
El Toro High School
Public,•9-12•1.4mi
Condition Rating
Excellent
Despite being built in 1973, this property has undergone an extensive and high-quality 'Modern Farmhouse' renovation, making it virtually new. The kitchen is a culinary masterpiece with light oak shaker cabinets, premium quartz countertops, porcelain tile backsplash, stainless steel appliances, and a pot filler. All bathrooms feature sophisticated design with new porcelain flooring, shower surrounds, and frameless glass doors. The home boasts new light oak laminate flooring throughout, dual-pane windows, recessed lighting, and even paid rooftop solar panels. The overall condition, style, and features meet current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' rating for a recently renovated property.
Pros & Cons

Pros

Extensive Modern Renovation: The property has undergone a comprehensive 'Modern Farmhouse' renovation, featuring a gourmet kitchen with premium quartz countertops and stainless steel appliances, light oak laminate flooring, dual-pane windows, recessed lighting, and spa-like bathrooms with porcelain finishes.
Desirable Outdoor Amenities: The backyard offers excellent entertainment opportunities with a free-form swimming pool and spa, complemented by a spacious covered patio, ideal for al fresco gatherings.
Energy Efficiency & Flexible Space: Equipped with paid rooftop solar panels for energy savings and a converted garage providing valuable flexible living space, enhancing the property's utility and appeal.
Functional Bedroom Configuration: With 4 bedrooms and 3 bathrooms, including two bedrooms on the first level and two ensuite accommodations upstairs, the layout offers versatility and privacy for various living needs.
Convenient Location: Strategically located near Heroes Park, Smart & Final Extra!, and Los Alisos Intermediate School, providing easy access to local amenities, recreation, and educational facilities.

Cons

Significant Price Discrepancy: The current listing price of $1,299,000 is substantially higher than the property's estimated value of $768,132.23, indicating a potential overpricing or a need for further justification of value.
Older Original Construction: Built in 1973, the property's underlying structure is over 50 years old. While extensively renovated, potential buyers may have concerns about the age of unmentioned systems or components.
Absence of Central Air Conditioning Mention: Despite extensive renovations and dual-pane windows, the description does not explicitly mention a central air conditioning system, which could be a significant comfort drawback in Lake Forest's climate.

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