24252 Palmek Circle, Lake Forest, California 92630, Lake Forest, 92630 - bed, bath
ACTIVE$1,245,000$1,880/sqft
Est. Value: $1,265,430
1%
FairlyEstimate
24252 Palmek Circle, Lake Forest, California 92630
0Bed
0Bath
1,880Sqft
8,840Lot
Price Vs. Estimate
The estimated value ($1,265,430.075) is $20,430.075 (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 = 1880.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1880, other record living area = 1848.
Compared to the nearby listings
Price:$1.25M vs avg $1.31M ($-65,000)37%
Size:1,880 sqft vs avg 2,114 sqft36%
Price/sqft:$662 vs avg $67245%
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 strongly support this. The kitchen features modern dark wood cabinetry, stainless steel appliances, contemporary countertops, and a stylish mosaic backsplash, all appearing virtually new. Bathrooms are also extensively updated with modern vanities, tiling, and fixtures. Flooring throughout is consistent wood-look tile and LVP, and lighting is recessed and modern. The overall aesthetic is fresh, clean, and meets current quality standards with no visible deferred maintenance. The outdoor amenities are also well-maintained and modern, contributing to a high-quality, move-in ready condition.
Year Built
1965
Close
-
List price
$1.25M
Original List price
$1.39M
Price/Sqft
$662
HOA
-
Days on market
-
Sold On
-
MLS number
OC26002494
Home ConditionExcellent
Features
Deck
Pool
Spa
Patio
View-
About this home
Lake Forest – No HOA | Remodeled | Income Potential 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 and has recent rental history generating approximately $7500 per month. Buyer to verify all income, usage, permits, and square footage to their satisfaction. 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 strongly support this. The kitchen features modern dark wood cabinetry, stainless steel appliances, contemporary countertops, and a stylish mosaic backsplash, all appearing virtually new. Bathrooms are also extensively updated with modern vanities, tiling, and fixtures. Flooring throughout is consistent wood-look tile and LVP, and lighting is recessed and modern. The overall aesthetic is fresh, clean, and meets current quality standards with no visible deferred maintenance. The outdoor amenities are also well-maintained and modern, contributing to a high-quality, move-in ready condition.
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 = 1880.
Extensively Remodeled: The property has been fully remodeled, offering modern aesthetics and functionality, making it move-in ready for immediate occupancy.
No HOA Fees: The absence of Homeowners Association fees provides significant financial savings and greater freedom for property owners.
Significant Income Potential: Demonstrated recent rental history generating approximately $7500 per month presents a strong investment opportunity or potential for mortgage offset.
Resort-Style Outdoor Living: Features a saltwater pool with waterfall and slide, built-in BBQ area, gazebo, and a large covered balcony with fireplace, ideal for entertaining and year-round use.
Versatile Floor Plan: A functional 4-bedroom layout with 3 bedrooms on the main level and an upstairs primary suite with a private retreat offers flexible living options.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1880, other record living area = 1848.
Recent Market Re-entry & Price Adjustment: The property recently returned to the market with a notable price reduction from its original listing, which may prompt buyer scrutiny regarding previous offers or perceived value.
Original Construction Age: Built in 1965, despite being remodeled, the underlying structure's age could imply potential for older systems or components not covered by the remodel, or less modern energy efficiency standards.
Buyer Due Diligence Emphasis: The listing explicitly states 'Buyer to verify all income, usage, permits, and square footage,' placing a higher burden on the buyer to confirm key details, particularly the attractive income potential.