24062 Gemwood Drive, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 2 bath
24062 Gemwood Drive
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 24062 Gemwood Drive, Lake Forest, California 92630 reveals a Fairly Priced Property with a current list price of $1,149,000 aligned with the estimated $1,173,799 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 |
|---|---|---|---|---|---|---|
★ 24062 Gemwood Drive Subject | $1,149,000* List Price | 3 | 2 | 1,144 | $1,026 | - |
A 24032 Gemwood Sold | $1,050,000 | 3 | 2 | 1,144 | $918 | 0.1 mi |
B 24541 Bridger Sold | $1,098,000 | 3 | 2 | 1,207 | $910 | 0.2 mi |
C 24732 Alanwood St Sold | $1,162,914 | 3 | 2 | 1,207 | $963 | 0.2 mi |
D 23341 La Vaca Sold | $1,100,000 | 3 | 2 | 1,412 | $779 | 0.7 mi |
E 24221 Ankerton Active | $1,167,000 List Price | 3 | 2 | 1,144 | $1,020 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1964, the property has undergone a comprehensive recent renovation, resulting in a modern turn-key condition. The home features a contemporary open layout, brand-new kitchen appliances, stylish finishes, and updated bathrooms. The addition of a heated pool and spa, combined with the high-quality interior upgrades, meets the criteria for a fully renovated property with no deferred maintenance.
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 = 9425, living area = 1144.
- Expansive Outdoor Oasis
The property features a generous lot of over 9,000 square feet, complete with a heated pool, spa, and lush landscaping, offering a premium private retreat for relaxation and entertaining.
- Modern Turn-Key Condition
This home has been thoughtfully updated with stylish finishes and brand-new appliances, providing a move-in-ready experience that appeals to contemporary buyers.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,144 square feet, the interior living space is relatively compact for a three-bedroom home, which may limit furniture placement or feel restrictive for larger families.
- Vintage Infrastructure
Originally built in 1964, the property may require ongoing maintenance or future updates to older structural or mechanical systems despite the recent cosmetic improvements.
About 24062 Gemwood Drive
Welcome to this beautifully updated single-story home nestled in desirable Lake Forest. This inviting residence features 3 bedrooms and 2 bathrooms on a spacious lot of over 9,000 square feet. Step inside to a light and bright interior with a functional open layout designed for comfortable everyday living. The home has been thoughtfully upgraded and offers a warm, move-in-ready atmosphere with modern conveniences, stylish finishes and brand new appliances. The highlight of the property is the private backyard retreat, featuring lush landscaping and a heated pool and spa—ideal for relaxing or entertaining year-round. The expansive lot provides a peaceful and park-like setting. This single-family residence combines classic charm with contemporary updates. Conveniently located near shopping, dining, golf courses, and major roadways, the home offers easy access to beaches and popular Orange County destinations
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 9,425 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 4.0 | 28% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 1,144 | 2,179 | 3% |
| Lot Size | 9,425 | 5,400 | 95% |
| Price | $1.15M | $1.36M | 16% |
| Price per sq ft | $1.0K | $675 | 99% |
| Built year | 1964 | 1978 | 5% |
| HOA | $0 | $140 | 26% |
| Days on market | 14 | 178 | 1% |
Pricing History
Listed for Sale
Feb 21, 2026
$1,149,000
Initial Listing
Sold
Jul 7, 2021
$835,000
Public Record
Sold
Sep 25, 2002
$360,000
Public Record