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241 Burwood, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 5 bath

241 Burwood, Lake Forest, California 92630 home-pic-0
ACTIVE$2,398,000
241 Burwood, Lake Forest, California 92630
5Beds
5Baths
3,173Sqft
4,197Lot

Price Vs. Estimate

The estimated value ($2,278,402.595) is $119,597.405 (4%) lower than the list price ($2,398,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern Luxury & Extensive Upgrades: Built in 2023 by Toll Brothers, this home features over $200K in premium upgrades including designer finishes, smart home features, high-end Jenn-Air appliances, and upgraded stacking glass doors.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4197, living area = 3173.

Compared to the nearby listings

Price:$2.40M vs avg $1.31M (+$1,088,000)93%
Size:3,173 sqft vs avg 2,130 sqft91%
Price/sqft:$756 vs avg $67572%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it virtually brand new. The listing explicitly states over $200K in upgrades, including high-end Jenn-Air appliances, quartz countertops, premium flooring, designer finishes, and smart home features. The images confirm a modern, luxurious aesthetic with pristine kitchens and bathrooms featuring contemporary cabinetry, fixtures, freestanding tubs, and glass-enclosed showers. All components appear new, meeting current quality standards with no deferred maintenance.
Year Built
2023
Close
-
List price
$2.4M
Original List price
$2.58M
Price/Sqft
$756
HOA
$249
Days on market
-
Sold On
-
MLS number
OC25056215
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s)
Patio
ViewPark/Greenbelt, Mountain(s)

About this home

Location, Location, Location! Welcome to this stunning Toll Brothers home in the Meadows community! This 3-story residence offers 5 bedrooms, 5 bathrooms, and 3,173 square feet of luxurious, modern living space designed for comfort and style. Key Features: Private Setting: No neighbors in front or behind, with views of a community park. Enjoy a spacious backyard perfect for outdoor events and relaxation. Open Design: Three levels of living space with 20-foot high ceilings, large windows, and upgraded stacking glass doors that blend indoor and outdoor living seamlessly. Gourmet Kitchen: High-end Jenn-Air appliances, quartz countertops, and a center island ideal for cooking and entertaining. $200K+ in Upgrades: Premium flooring, designer finishes, and smart home features add luxury and convenience throughout. Cozy Gathering Room: 20-foot ceilings and a modern fireplace create a warm, inviting atmosphere for family and guests. Energy-Efficient: Fully paid 14 solar panels reduce energy costs while providing eco-friendly power. Luxurious Master Suite: A private retreat featuring a spa-like ensuite with dual vanities, a freestanding tub, and a spacious walk-in closet. Versatile Bedrooms & Bathrooms: Five spacious bedrooms, each with en-suite options—ideal for families and guests. Expansive Third-Floor Loft: Huge loft with built-in surround sound makes this space perfect for movie nights or music. Step outside to a large patio with scenic sunset views. Exceptional Amenities: A luxury clubhouse, 2 resort-style pools, spas, 2 large community parks, 5 neighborhood parks, 2 dog parks, and scenic trails, Pickleball court, basketball court, beach volleyball and more. Prime Location: Just blocks from City Sports Park, shopping plazas, and schools. Only 15 minutes to Irvine Spectrum, 10 minutes to El Toro Golf Course, and 10 minutes to the Great Park. Plus, low HOA fees and no Mello-Roos! This is a rare opportunity to own a private, upgraded home in one of Lake Forest’s most desirable neighborhoods. Don’t miss out on this stunning luxury retreat—your dream home is waiting!

Condition Rating
Excellent
This property was built in 2023, making it virtually brand new. The listing explicitly states over $200K in upgrades, including high-end Jenn-Air appliances, quartz countertops, premium flooring, designer finishes, and smart home features. The images confirm a modern, luxurious aesthetic with pristine kitchens and bathrooms featuring contemporary cabinetry, fixtures, freestanding tubs, and glass-enclosed showers. All components appear new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Modern Luxury & Extensive Upgrades: Built in 2023 by Toll Brothers, this home features over $200K in premium upgrades including designer finishes, smart home features, high-end Jenn-Air appliances, and upgraded stacking glass doors.
Exceptional Community Amenities: Residents enjoy access to a luxury clubhouse, two resort-style pools, spas, multiple parks (community, neighborhood, dog), scenic trails, and various sports courts (pickleball, basketball, beach volleyball).
Desirable Private Setting & Views: The property offers a private setting with no front or rear neighbors, providing views of a community park and scenic sunsets from the third-floor patio.
Financial Advantages & Energy Efficiency: Benefits from fully paid solar panels, significantly reducing energy costs, combined with low HOA fees and no Mello-Roos.
Spacious & Flexible Living Spaces: A 3-story residence with 5 bedrooms and 5 bathrooms across 3,173 sqft, featuring 20-foot high ceilings, an expansive third-floor loft with surround sound, and en-suite options for all bedrooms.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4197, living area = 3173.
Perceived Overpricing: The current list price is above the estimated market value, and a prior price reduction from the original list price suggests potential market resistance or overvaluation.
Limited Lot Size for Luxury Home: While the backyard is described as spacious, the 4,197 sqft lot size is on the smaller side for a luxury home of this square footage, which might be a consideration for buyers seeking more expansive outdoor living or privacy.
Multi-Story Layout: The three-story design, while offering ample space and views, may not appeal to all buyer demographics, particularly those with mobility challenges or a preference for fewer stairs.

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