24186 Elrond Lane, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 2 bath
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Lake Forest, California 92630
This midcentury residence presents a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,106,478 Fair Market Value by 5%. This valuation gap offers $57,478 in Instant Equity for the buyer. While the home maintains a Condition Rating of 4, reflecting its original 1968 character, the 1,958 sqft floor plan and private backyard provide a solid foundation for modernization. Located within the Saddleback Valley Unified district, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24186 Elrond Lane Subject | $1,049,000* List Price | 4 | 2 | 1,958 | $565 | - |
A 24096 Hurst Sold | $956,000 | 4 | 2 | 1,540 | $621 | 0.2 mi |
B 23976 Carmel Drive Sold | $1,014,000 | 4 | 2 | 1,540 | $658 | 0.2 mi |
C 23952 Dublin Sold | $990,780 | 4 | 2 | 1,540 | $643 | 0.3 mi |
D 23352 El Perro Sold | $1,010,000 | 4 | 4 | 1,825 | $553 | 0.6 mi |
E 24842 Jeronimo Sold | $1,150,000 | 4 | 2 | 2,580 | $446 | 0.8 mi |
F 22941 Belquest Drive Sold | $1,180,000 | 4 | 2 | 1,779 | $663 | 0.8 mi |
G 22741 Islamare Lane Sold | $1,280,000 | 4 | 3 | 2,367 | $541 | 0.6 mi |
H 22754 Islamare Lane Active | $1,325,000 List Price | 4 | 3 | 2,367 | $560 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, the property is functional but significantly dated. Interior photos reveal original popcorn ceilings, stained/worn carpeting, and a kitchen with older oak cabinetry and white appliances that likely exceed 20 years in age. While the listing mentions updated bathrooms, the overall aesthetic and primary systems require modernization and cosmetic updates.
The property showcases timeless midcentury modern design with clean lines and an open floor plan, a highly sought-after aesthetic that blends classic character with Southern California living.
With four generously sized bedrooms and nearly 2,000 square feet of living space, the home offers a versatile floor plan suitable for families, guests, or a dedicated home office.
Situated in a prime Lake Forest area, the home benefits from proximity to top-rated Saddleback Valley Unified schools, local parks, and convenient shopping and dining options.
The property record indicates no specific views, which may be a drawback for buyers prioritizing the panoramic or hillside vistas common in some Southern California neighborhoods.
Built in 1968, the home may require future investments in original infrastructure or systems to align with modern energy efficiency and building standards.
Welcome to this beautifully maintained 4-bedroom, 2-bathroom midcentury home nestled in one of Lake Forest's desirable neighborhoods. Showcasing timeless architectural design, this residence blends classic midcentury character with Southern California Living. Step inside to discover an open and inviting floor plan highlighted by clean lines, abundant natural light, and seamless indoor-outdoor flow. The spacious living and dining areas create the perfect setting for both everyday living and entertaining, while large windows frame views of the surrounding landscape. The well-appointed kitchen offers ample cabinetry, generous counter space, and convenient access to the main living areas. Four generously sized bedrooms provide flexibility for family, guests, or a home office, while two updated bathrooms combine style and functionality. Outside, the private backyard offers a tranquil retreat with room to relax, garden, or host year-round gatherings in Southern California's ideal climate. Mature landscaping enhances the property's curb appeal and complements its distinctive midcentury architecture. Conveniently located near parks, top-rated schools, shopping, dining, and major commuter routes, this exceptional Lake Forest home presents a rare opportunity to enjoy classic design, comfortable living, and an unbeatable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,958 | 2,130 |
| Lot Size | 5,360 | 5,706 |
| Price | $1.05M | $1.44M |
| Price per sq ft | $536 | $664 |
| Built year | 1968 | 1979 |
| HOA | $249.0 | $150 |
| Days on market | 35 | 51 |
Jun 17, 2026
$1,049,000
Initial Listing