24541 Penfield, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 2 bath
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Lake Forest, California 92630
This Designer-Renovated Residence with ADU is listed at $1,490,000, representing a premium, high-utility asset compared to the $1,237,325 Fair Market Value. The valuation reflects a comprehensive, high-end transformation and a strategic garage-to-ADU conversion, earning a Mint Condition Rating with no maintenance required. Featuring elegant granite flooring, a modern gourmet kitchen, and a lush backyard with mature fruit trees, the home offers a "like-new" experience. Served by the Saddleback Valley Unified district, it is an ideal match for Owner-Occupants or Multi-Generational Families seeking a sophisticated, income-capable sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24541 Penfield Subject | $1,490,000* List Price | 3 | 2 | 1,144 | $1,082 | - |
A 24221 Ankerton Sold | $1,175,000 | 3 | 2 | 1,144 | $1,027 | 0.2 mi |
B 24032 Gemwood Sold | $1,050,000 | 3 | 2 | 1,144 | $918 | 0.0 mi |
C 24062 Gemwood Drive Sold | $1,165,000 | 3 | 2 | 1,144 | $1,018 | 0.1 mi |
D 24732 Alanwood St Sold | $1,162,914 | 3 | 2 | 1,207 | $963 | 0.2 mi |
E 23832 La Rosa Pending | $1,149,000 List Price | 4 | 2 | 1,207 | $952 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete, high-end renovation within the last 5 years, featuring a brand-new kitchen with modern cabinetry and appliances, fully updated bathrooms with contemporary finishes, and new granite flooring throughout. The extensive remodel and garage-to-ADU conversion provide a like-new feel, meeting the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7245, living area = 1144.
The property has been completely transformed with high-end finishes, granite flooring, and a 'like-new' feel, offering a turnkey experience for buyers seeking modern aesthetics.
The functional garage conversion into an ADU provides excellent flexibility for rental income or multi-generational living, complete with the potential for its own private outdoor space.
At a list price of $1.49M for 1,144 square feet, the property sits at a very high price point relative to its size, which may impact its competitive positioning in the local market.
The conversion of the garage into living space eliminates covered parking and secure storage, a feature often prioritized by single-family home buyers in this price bracket.
This stunning approximately 1,100 sq ft home has been extensively remodeled and thoughtfully expanded. The current owner converted the garage into a functional ADU and enlarged the living room and kitchen, creating a more open and modern living space. Aside from select structural walls, the home has been completely renovated—offering a like-new feel throughout. The interior features all-new finishes, including a fully upgraded kitchen with brand-new appliances, modern cabinetry, and high-end materials. The home is filled with natural light, enhancing its bright and inviting atmosphere. Elegant granite flooring adds a sleek and contemporary touch throughout the property. The ADU offers excellent flexibility for rental income or extended family use and includes the potential for its own private outdoor space, as the owner has indicated plans to fence off a separate area for added privacy. Step outside to a spacious backyard with beautifully maintained landscaping, including mature fruit trees such as lemon and other varieties—perfect for relaxing or entertaining. Ideally located just minutes from major shopping centers, including Home Depot, with convenient access to the 5 Freeway (approximately 1 minute) and the 405 Freeway (approximately 3 minutes).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 27% |
| Baths | 2.0 | 3.0 | 26% |
| Square foot | 1,144 | 2,185 | 3% |
| Lot Size | 7,245 | 5,350 | 78% |
| Price | $1.49M | $1.38M | 61% |
| Price per sq ft | $1.3K | $679 | 99% |
| Built year | 1965 | 1978 | 9% |
| HOA | $0 | $129 | 26% |
| Days on market | 0 | 175 | 1% |
Apr 18, 2026
$1,490,000
Initial Listing
Mar 17, 2025
$900,000
Public Record
Dec 19, 2008
$397,000
Public Record
Jun 7, 2006
$655,000
Public Record