24662 Toledo, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 3 bath
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24662 Toledo
Lake Forest, California 92630
ACTIVE
CONDITION: POOR
3Beds
3Baths
2,208Sq Ft
5,650Lot Size
Property Price
LIST PRICE$1,800,000
EST. MARKET VALUE
$1,417,655
26% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,800,000—positioned well above the $1,417,655 Fair Market Value by -26%. While the pricing reflects a premium for its Prime Lakeside Location and Water Views, the Fair Condition Rating (5/10) indicates a need for significant modernization. Situated in the Saddleback Valley Unified district, this asset offers a spacious 2,208 sqft layout for Value-Add Investors or Owner-Occupants prepared to execute a comprehensive renovation to unlock the home's full market potential.
Estimated Market Value
$1,417,655
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 |
|---|---|---|---|---|---|---|
★ 24662 Toledo Subject 3 bd · 3 ba · 2,208 sqft · $642 | $1,800,000* List Price | 3 | 3 | 2,208 | $642 | - |
A 21908 Erie Sold 3 bd · 3 ba · 2,318 sqft · $789 · 0.2 mi | $1,830,000 | 3 | 3 | 2,318 | $789 | 0.2 mi |
B 24395 Calle Pequeno Sold 4 bd · 3 ba · 2,124 sqft · $624 · 0.6 mi | $1,325,000 | 4 | 3 | 2,124 | $624 | 0.6 mi |
C 24672 Evereve Circle Sold 4 bd · 3 ba · 2,352 sqft · $593 · 0.7 mi | $1,395,000 | 4 | 3 | 2,352 | $593 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1972 (52 years old) and the listing lacks any mention of recent renovations, instead highlighting it as an 'opportunity' to 'make it their own.' This typically indicates original or significantly dated kitchens, bathrooms, and systems (HVAC/Electric) that have exceeded their functional lifespan and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakeside Location
Situated in the prestigious Lake Forest Keys community just steps from the lake, this property offers a premium lifestyle with immediate access to water recreation, scenic parks, and top-rated schools.
- Desirable Water Views
The home features sought-after views of the lake and surrounding greenery, providing a tranquil and high-end atmosphere that significantly enhances the property's aesthetic appeal and market value.
- Spacious Floor Plan
With 2,208 square feet of living space, the residence offers a generous layout for a three-bedroom home, providing ample room for comfortable living and entertaining compared to standard area footprints.
CONSRISKS & DEFICIENCIES
- Likely Renovation Needs
Built in 1972 and marketed as an opportunity to 'make it your own,' the property likely requires significant cosmetic or structural updates to meet modern luxury standards and buyer expectations.
- High Entry Price Point
At a listing price of $1.8 million, the property represents a substantial investment for a 50-year-old home, which may be a deterrent for buyers not looking to take on additional renovation costs.
About 24662 Toledo
Welcome to 24662 Toledo, located in the highly desirable Lake Forest Keys community! Discover an exceptional opportunity to own a home in one of Lake Forest's most sought-after neighborhoods. Situated just a few homes from the beautiful community lake, this property offers a wonderful setting surrounded by established homes and scenic neighborhood surroundings. Enjoy the convenience of nearby parks, shopping, dining, schools, and easy access to major freeways. Whether you're searching for your next home or exploring an investment opportunity, this property offers exciting possibilities in a prime Orange County location. Experience the charm and convenience of the Lake Forest Keys community and envision the possibilities this property has to offer. A fantastic opportunity to own in a desirable Lake Forest neighborhood! make it their own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 5,650 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Rancho Canada Elementary School
Grades K-6 • 0.6 mi
7/10
Serrano Intermediate School
Grades 7-8 • 0.8 mi
6/10
El Toro High School
Grades 9-12 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,208 | 2,188.592 |
| Lot Size | 5,650 | 5,557.578 |
| Price | $1.80M | $1.44M |
| Price per sq ft | $815 | $661 |
| Built year | 1972 | 1981 |
| HOA | $0 | $158 |
| Days on market | 4 | 50 |
Pricing History
Listed for Sale
Oct 21, 2026
$1,800,000
Initial Listing
Sold
Oct 2, 2000
$397,500
Public Record