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

241 Burwood, Lake Forest, California 92630 home-pic-0
ACTIVE$2,329,000
241 Burwood, Lake Forest, California 92630
5Beds
5Baths
3,173Sqft
4,197Lot

Price Vs. Estimate

The estimated value ($2,315,445.81) is $13,554.19 (0%) lower than the list price ($2,329,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction: Built in 2023, the property offers modern design and construction, potentially reducing maintenance costs in the near term.
Top Cons:
HOA Fees: The monthly HOA fee of $249 could be a deterrent for some buyers.

Compared to the nearby listings

Price:$2.33M vs avg $1.31M (+$1,019,000)93%
Size:3,173 sqft vs avg 2,130 sqft91%
Price/sqft:$734 vs avg $67567%

More Insights

Built in 2023 (2 years old).
Condition: The property was built in 2023 and features a modern design with high-end finishes. The kitchen boasts Jenn-Air appliances and quartz countertops, while the bathrooms have modern fixtures and finishes. The overall condition appears to be virtually new, aligning with the 'excellent' rating criteria.
Year Built
2023
Close
-
List price
$2.33M
Original List price
$2.4M
Price/Sqft
$734
HOA
$249
Days on market
-
Sold On
-
MLS number
OC25144685
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 12 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

The property was built in 2023 and features a modern design with high-end finishes. The kitchen boasts Jenn-Air appliances and quartz countertops, while the bathrooms have modern fixtures and finishes. The overall condition appears to be virtually new, aligning with the 'excellent' rating criteria.
Pros & Cons

Pros

New Construction: Built in 2023, the property offers modern design and construction, potentially reducing maintenance costs in the near term.
Extensive Upgrades: Over $200K in upgrades, including premium flooring, designer finishes, and smart home features, enhance the property's value and appeal.
Gourmet Kitchen: The high-end Jenn-Air appliances, quartz countertops, and center island create a desirable and functional kitchen space.
Energy Efficiency: Fully paid 14 solar panels offer significant energy savings and appeal to environmentally conscious buyers.
Community Amenities: Access to a luxury clubhouse, resort-style pools, parks, and sports courts provides a rich lifestyle and adds value.

Cons

HOA Fees: The monthly HOA fee of $249 could be a deterrent for some buyers.
Lot Size: The lot size of 4,197 sqft is relatively small, which might limit outdoor activities or expansion possibilities.
Price Reduction: The recent price reduction from $2,398,000 to $2,329,000 may suggest initial overpricing or market resistance.

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