24252 Palmek Circle, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath
ACTIVE$1,245,000$1,848/sqft
Est. Value: $1,259,029
1%
FairlyEstimate
24252 Palmek Circle, Lake Forest, California 92630
4Beds
4Baths
1,848Sqft
8,840Lot
Price Vs. Estimate
The estimated value ($1,259,028.895) is $14,028.895 (1%) lower than the list price ($1,245,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8840, living area = 1848.
Top Cons:
Recent Price Reduction: A notable price reduction from the original listing price suggests potential market resistance or an initial overvaluation, which might raise buyer questions.
Compared to the nearby listings
Price:$1.25M vs avg $1.31M ($-65,000)37%
Size:1,848 sqft vs avg 2,114 sqft35%
Price/sqft:$674 vs avg $67450%
More Insights
Built in 1965 (61 years old).
Condition: Despite being built in 1965, the property has been 'fully remodeled' as stated in the description, and the images confirm an extensive, high-quality renovation. The kitchen features modern dark wood cabinetry, light countertops, mosaic backsplash, and stainless steel appliances, all appearing new or virtually new. Bathrooms are also updated with modern vanities, tiling, and fixtures. Flooring throughout is consistent wood-look tile/laminate, and lighting includes recessed cans and contemporary fixtures. The overall aesthetic is fresh, modern, and move-in ready, aligning perfectly with the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an excellent score.
Year Built
1965
Close
-
List price
$1.25M
Original List price
$1.39M
Price/Sqft
$674
HOA
-
Days on market
-
Sold On
-
MLS number
OC26002478
Home ConditionExcellent
Features
Deck
Pool
Spa
Patio
View-
About this home
Lake Forest – No HOA | Remodeled Fully remodeled single-family residence in Lake Forest with no HOA. Functional floor plan featuring 4 bedrooms, including 3 bedrooms on the main level, plus an upstairs primary suite with private retreat offering flexible living options. Outdoor amenities include a saltwater pool with waterfall and slide, built-in BBQ area, gazebo, and an approximately 600 sq ft covered balcony with fireplace and recreation space—ideal for entertaining and year-round use. Property is move-in ready Recently returned to the market. Conveniently located near shopping, dining, and major commuter routes.
M
Mike Javadiaghdam
Listing Agent
Price History
Date
Event
Price
03/02/01
Sold
$306,000
04/22/98
Sold
$243,000
04/06/94
Sold
$175,000
05/19/23
Sold
$1,130,000
03/23/21
Sold
$900,000
Condition Rating
Excellent
Despite being built in 1965, the property has been 'fully remodeled' as stated in the description, and the images confirm an extensive, high-quality renovation. The kitchen features modern dark wood cabinetry, light countertops, mosaic backsplash, and stainless steel appliances, all appearing new or virtually new. Bathrooms are also updated with modern vanities, tiling, and fixtures. Flooring throughout is consistent wood-look tile/laminate, and lighting includes recessed cans and contemporary fixtures. The overall aesthetic is fresh, modern, and move-in ready, aligning perfectly with the 'extensively renovated within 5 years' and 'all components are new or virtually new' criteria for an excellent score.
Pros & Cons
Pros
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 = 8840, living area = 1848.
Fully Remodeled & Move-in Ready: The property has undergone a full remodel, presenting a modern and updated interior that is move-in ready, reducing immediate buyer expenses and effort.
No Homeowners Association (HOA): The absence of an HOA provides significant financial savings on monthly dues and offers greater freedom from community restrictions and regulations.
Extensive Outdoor Entertainment Area: Features a saltwater pool with waterfall and slide, a built-in BBQ, gazebo, and a large 600 sq ft covered balcony with a fireplace, creating an ideal space for year-round entertaining.
Flexible Multi-Level Floor Plan: The functional layout includes 3 bedrooms on the main level and an upstairs primary suite with a private retreat, offering versatile living arrangements for various family needs.
Prime Location with Accessibility: Strategically located near essential amenities, including shopping, dining, and major commuter routes, enhancing convenience and daily living.
Cons
Recent Price Reduction: A notable price reduction from the original listing price suggests potential market resistance or an initial overvaluation, which might raise buyer questions.
Older Property Age: Built in 1965, despite being remodeled, the property's age could imply potential for older infrastructure components or require more long-term maintenance considerations for some buyers.
Lack of Notable Views: The property description explicitly states 'view: None,' which could be a disadvantage for buyers seeking scenic vistas, potentially impacting its perceived value compared to properties with views.