24462 Redlen Street, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath
Loading property details...
24462 Redlen Street
Lake Forest, California 92630
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
4Baths
2,832Sq Ft
7,200Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,607,550
6% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,615,573 Fair Market Value by 7%. This valuation gap offers $115,573 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a Saltwater Pool, Dual Primary Suites, and a Granite Kitchen. With copper plumbing and updated HVAC, this property is ideal for Owner-Occupants seeking a move-in-ready lifestyle or Multi-Generational Families requiring flexible, high-end accommodations in the Saddleback Valley Unified district.
Estimated Market Value
$1,607,550+$107,550 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24462 Redlen Street Subject | $1,500,000* List Price | 4 | 4 | 2,832 | $568 | - |
A 22831 Costa Bella Sold | $1,325,000 | 5 | 3 | 2,714 | $488 | 0.4 mi |
B 24881 Rollingwood Sold | $1,550,000 | 5 | 2 | 2,549 | $608 | 1.0 mi |
C 22802 Belquest Sold | $1,430,000 | 4 | 3 | 2,490 | $574 | 0.6 mi |
D 23502 White Dove Drive Sold | $1,335,000 | 4 | 3 | 2,400 | $556 | 0.5 mi |
E 24742 Belgreen Place Sold | $1,288,000 | 4 | 3 | 2,000 | $644 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1973 build date, the property has undergone extensive recent renovations and system upgrades. Key updates include remodeled bathrooms with modern vanities and lighting, an updated open-concept kitchen with granite countertops, and new wood/laminate flooring throughout. Critical infrastructure has been modernized with copper repiping and updated HVAC ductwork. The home is in mint, move-in-ready condition with a well-maintained saltwater pool and solar power.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Primary Suites
The rare floor plan features two primary suites—one on each level—offering exceptional flexibility for multi-generational living or high-end guest accommodations.
- Premier Outdoor Living
The backyard is an entertainer's dream, featuring a resurfaced saltwater pool with a waterfall and a covered lanai equipped with a full outdoor kitchen and granite island.
- Significant Infrastructure Upgrades
Peace of mind is provided by high-value updates including copper repiping, updated HVAC ductwork, and multiple remodeled bathrooms.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Solar Lease Assumption
The property includes Tesla solar panels under a lease that the buyer must assume, adding a fixed monthly expense of $150 to $220 to the cost of ownership.
- Lack of Views
Despite the subdivision name, the property record indicates no specific scenic views, which may be a consideration for buyers seeking the elevated vistas common in the area.
About 24462 Redlen Street
Beautiful pool home featuring two primary suites—one upstairs and one downstairs—with all additional bedrooms located downstairs. The downstairs primary suite opens directly to the lanai, which includes an outdoor kitchen with a BBQ, ice maker, sink, and large granite island. The saltwater pool features a large waterfall and has been resurfaced and well maintained. There is plenty of space for relaxing in the sun, making this home ideal for entertaining. The open-concept kitchen offers granite countertops and a six-burner cooktop. The spacious living room flows seamlessly into the open living area. The downstairs main living areas and bedrooms feature wood-look laminate flooring, while both primary suites have wood flooring. Two of the three full bathrooms and the half bathroom have been remodeled. This solar-powered home has been repiped with copper plumbing and features updated ductwork for the central heating and air-conditioning system. The backyard has vinyl fencing. Additional features include a three-car driveway and a large front patio. Tesla solar panels are installed under a lease. The monthly payment ranges between $150 and $220, depending on production. The buyer to assume the lease. Conveniently located near schools, shopping, and freeways. Come visit this beautiful home and make it your next home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 7,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,832 | 2,240.102 |
| Lot Size | 7,200 | 5,415.915 |
| Price | $1.50M | $1.45M |
| Price per sq ft | $530 | $665 |
| Built year | 1973 | 1981 |
| HOA | $0 | $159 |
| Days on market | 43 | 47 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,500,000
Initial Listing
Sold
Mar 16, 2022
$1,300,000
Public Record
Sold
Jul 10, 2017
$728,000
Public Record
Sold
Jun 4, 2009
$520,000
Public Record
Sold
Apr 28, 2000
$328,500
Public Record