24262 Sparrow, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath
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Lake Forest, California 92630
This Value-Add Residential Asset is listed at $1,300,000, reflecting market-aligned pricing near the $1,264,285 Fair Market Value. Given the Condition Rating of 5, the property serves as a prime candidate for forced appreciation through a comprehensive renovation of its original 1977 finishes. The expansive 8,670 sqft lot and proximity to The Sails Clubhouse within the Saddleback Valley Unified District provide the necessary fundamentals for a high-ROI transformation. This project is ideally suited for Fix-and-Flip Investors or Contractors ready to capitalize on a rare, long-term family hold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24262 Sparrow Subject | $1,300,000* List Price | 4 | 3 | 2,437 | $519 | - |
A 24292 Sunnybrook Active | $1,495,000 List Price | 4 | 3 | 2,426 | $616 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 and owned by the same family for over 40 years, the property appears to be in mostly original condition. The bathroom features dated floral wallpaper and finishes from the 1970s/80s, suggesting that the kitchen, baths, and major systems are well beyond their expected lifespan and require a full rehab.
The property is ideally situated just minutes from the highly sought-after 'The Sails Clubhouse,' providing residents with easy access to premium community amenities and a desirable neighborhood lifestyle.
Boasting a substantial 8,670 sqft lot, the property features an expansive driveway and a large backyard, offering rare outdoor space and privacy for the Lake Forest area.
With 2,437 square feet of living space including 4 bedrooms and 3 bathrooms, the home provides a functional and sizable footprint suitable for large families or multi-generational living.
Offered for the first time in over 40 years, the home likely requires significant cosmetic updates or a full renovation to meet modern aesthetic and functional standards.
The listing specifies no views, which may be a drawback for buyers comparing this property to others in the region that offer hillside or community vistas.
For the first time in over 40 years! Prime Lake Forest location just minutes from the amenities of the highly sought after "The Sails Clubhouse". Very large lot with large driveway and nice size backyard.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,437 | 2,245 | 61% |
| Lot Size | 8,670 | 5,238.5 | 90% |
| Price | $1.30M | $1.40M | 35% |
| Price per sq ft | $533 | $672 | 9% |
| Built year | 1977 | 1978 | 49% |
| HOA | $106.0 | $134 | 37% |
| Days on market | 0 | 124 | 6% |
May 1, 2026
$1,300,000
Initial Listing