24166 Fortune Drive, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 2 bath

24166 Fortune Drive, Lake Forest, California 92630 home-pic-0
ACTIVE$1,145,000
24166 Fortune Drive, Lake Forest, California 92630
3Beds
2Baths
1,224Sqft
4,300Lot

Price Vs. Estimate

The estimated value ($727,607.92) is $417,392.08 (36%) lower than the list price ($1,145,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Recent Remodel: The property has undergone a comprehensive modern renovation, including a brand-new roof, new windows, waterproof wood flooring, and designer finishes, making it move-in ready.
Top Cons:
Lack of Central Cooling System: The description makes no mention of air conditioning or a cooling system, which could be a significant drawback in warmer climates and may require a future investment.

Compared to the nearby listings

Price:$1.15M vs avg $1.31M ($-165,000)20%
Size:1,224 sqft vs avg 2,120 sqft6%
Price/sqft:$935 vs avg $67594%

More Insights

Built in 1973 (52 years old).
Condition: Despite being built in 1973, this property has undergone a comprehensive and recent 'beautifully remodeled' renovation, as evidenced by the 'brand-new roof,' 'new windows,' 'waterproof wood flooring throughout,' and 'designer finishes and fixtures.' The kitchen is a 'showstopper' with custom two-tone cabinetry, quartz countertops, a farmhouse sink, and stainless steel appliances. Both bathrooms are extensively upgraded with luxurious tiling and modern matte black fixtures. The images confirm a virtually new interior with contemporary styling, recessed lighting, and fresh landscaping. All major components appear new or recently replaced, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years, with minimal physical depreciation.
Year Built
1973
Close
-
List price
$1.15M
Original List price
$1.18M
Price/Sqft
$935
HOA
-
Days on market
-
Sold On
-
MLS number
OC25060824
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to 24166 Fortune Dr, a beautifully remodeled single-story home in the heart of the beloved South Orange County. Boasting a brand-new roof and an exquisite modern design, this three-bedroom, two-bathroom home seamlessly blends contemporary style with warm, natural elements. Step inside to an open and inviting living space, featuring a sleek black fireplace as the focal point, complemented by recessed lighting and wide plank wood flooring. The gourmet kitchen is a showstopper, with custom two-tone cabinetry, quartz countertops, a farmhouse sink, and stainless steel appliances. A cozy dining nook with a statement light fixture adds a touch of rustic charm. The primary suite is a serene retreat, with a spacious layout, large window overlooking the backyard, and an ensuite restroom with a luxurious tiled shower. The guest bathroom features stunning green vertical subway tiles, a built-in niche, and matte black fixtures. Enjoy seamless indoor-outdoor living with a private backyard oasis, featuring a newly built pergola-covered patio, lush landscaping, and ample space for entertaining. Additional upgrades include a brand new roof, new windows, waterproof wood flooring throughout, designer finishes and fixtures, upgraded bathrooms with custom tile work, and modern black and gold hardware accents. Nestled in a peaceful neighborhood, this home is conveniently located near schools, shopping, and the freeway for an easy commute. With its impeccable upgrades and move-in-ready charm, 24166 Fortune Dr is a rare find.

Nearby schools

4/10
Olivewood Elementary School
Public,K-60.3mi
6/10
Serrano Intermediate School
Public,7-80.8mi
7/10
El Toro High School
Public,9-121.2mi
Condition Rating
Excellent

Despite being built in 1973, this property has undergone a comprehensive and recent 'beautifully remodeled' renovation, as evidenced by the 'brand-new roof,' 'new windows,' 'waterproof wood flooring throughout,' and 'designer finishes and fixtures.' The kitchen is a 'showstopper' with custom two-tone cabinetry, quartz countertops, a farmhouse sink, and stainless steel appliances. Both bathrooms are extensively upgraded with luxurious tiling and modern matte black fixtures. The images confirm a virtually new interior with contemporary styling, recessed lighting, and fresh landscaping. All major components appear new or recently replaced, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years, with minimal physical depreciation.
Pros & Cons

Pros

Extensive Recent Remodel: The property has undergone a comprehensive modern renovation, including a brand-new roof, new windows, waterproof wood flooring, and designer finishes, making it move-in ready.
Gourmet Kitchen: Features a 'showstopper' kitchen with custom two-tone cabinetry, quartz countertops, a farmhouse sink, and stainless steel appliances, appealing to modern buyers.
Private Outdoor Living Space: Offers a 'private backyard oasis' with a newly built pergola-covered patio and lush landscaping, ideal for entertaining and relaxation.
Desirable Single-Story Layout: The single-story design is highly sought after for its accessibility and functional flow, appealing to a wide range of demographics.
Convenient Location with No HOA/Mello-Roos: Nestled in a peaceful neighborhood with easy access to schools, shopping, and freeways, and likely benefits from no HOA fees or Mello-Roos taxes, enhancing affordability.

Cons

Lack of Central Cooling System: The description makes no mention of air conditioning or a cooling system, which could be a significant drawback in warmer climates and may require a future investment.
Older Original Construction: Despite extensive remodeling, the home's original build year of 1973 means the underlying structure is over 50 years old, potentially raising concerns about non-cosmetic infrastructure not explicitly upgraded.
Extended Days on Market & Price Reduction: The property has been on the market for over three months and has seen a price reduction from its original listing, suggesting it may be struggling to attract offers at its current price point or that buyers perceive other issues.

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