24871 Rivendell Drive, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 3 bath
ACTIVE$1,200,000
24871 Rivendell Drive, Lake Forest, California 92630
5Beds
3Baths
2,560Sqft
5,600Lot
Price Vs. Estimate
The estimated value ($971,298.225) is $228,701.775 (19%) lower than the list price ($1,200,000). This property may be overpriced.
Key pros and cons
Top Pros:
Generous Living Space: With 5 bedrooms and 2560 sqft, the property offers substantial living space, ideal for larger families or those requiring multiple home offices/flex rooms.
Top Cons:
Absence of Views: The property explicitly states 'None' for views, which can be a significant detractor in a region where scenic views often command a premium.
Compared to the nearby listings
Price:$1.20M vs avg $1.31M ($-110,000)33%
Size:2,560 sqft vs avg 2,130 sqft72%
Price/sqft:$469 vs avg $6744%
More Insights
Built in 1969 (56 years old).
Condition: The property was built in 1969, making it 55 years old. While the exterior appears reasonably maintained, there are no interior images provided, which is a significant red flag. Without any evidence of recent renovations, it is highly probable that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are severely outdated and likely at or past their expected lifespan. A property of this age, without documented updates, would require substantial repairs and rehabilitation to meet current standards and functionality, aligning with the criteria for a 'poor' condition score.
Year Built
1969
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$469
HOA
$246
Days on market
-
Sold On
-
MLS number
OC25188132
Home ConditionPoor
Features
View-
About this home
Great Opportunity in the Woods in Lake Forest
Condition Rating
Poor
The property was built in 1969, making it 55 years old. While the exterior appears reasonably maintained, there are no interior images provided, which is a significant red flag. Without any evidence of recent renovations, it is highly probable that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are severely outdated and likely at or past their expected lifespan. A property of this age, without documented updates, would require substantial repairs and rehabilitation to meet current standards and functionality, aligning with the criteria for a 'poor' condition score.
Pros & Cons
Pros
Generous Living Space: With 5 bedrooms and 2560 sqft, the property offers substantial living space, ideal for larger families or those requiring multiple home offices/flex rooms.
Prime Lake Forest Location: Located in the desirable 'The Woods' subdivision within Lake Forest, a well-regarded Orange County city known for its quality of life.
Reputable School District: The property is zoned within the highly-rated Saddleback Valley Unified School District, a significant draw for families.
Established Community: Built in 1969, the home is part of a mature and established neighborhood, often characterized by developed infrastructure and landscaping.
Market Opportunity: Described as a 'Great Opportunity' and being a new listing, it presents a fresh chance for buyers in a competitive market.
Cons
Absence of Views: The property explicitly states 'None' for views, which can be a significant detractor in a region where scenic views often command a premium.
Property Age & Potential Updates: Built in 1969, the home may require significant investment for modernization and updates to systems and aesthetics to meet current buyer preferences.
Monthly Homeowners Association (HOA) Fee: A recurring monthly fee of $246 adds to the overall cost of homeownership, which some buyers may find undesirable.