25652 Rimgate, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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25652 Rimgate
Lake Forest, California 92630
ACTIVE
CONDITION: POOR
1Beds
1Baths
625Sq Ft
267,646Lot Size
Property Price
LIST PRICE$440,000
EST. MARKET VALUE
$351,909
25% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $440,000—positioned well above the $351,910 Fair Market Value by -25%. While the property requires a full interior renovation due to its Condition Rating of 5, the ground-floor, single-story layout and private patio offer significant functional appeal. Located in the Saddleback Valley Unified district with proximity to top-rated schools, this asset provides a clear path for value-add through modernization. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in a desirable Lake Forest location.
Estimated Market Value
$351,909
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 |
|---|---|---|---|---|---|---|
★ 25652 Rimgate Subject 1 bd · 1 ba · 625 sqft · $563 | $440,000* List Price | 1 | 1 | 625 | $563 | - |
A 25728 View Pointe Sold 1 bd · 1 ba · 625 sqft · $672 · 0.4 mi | $420,000 | 1 | 1 | 625 | $672 | 0.4 mi |
B 23232 Orange #1 Sold 1 bd · 1 ba · 685 sqft · $501 · 0.2 mi | $343,500 | 1 | 1 | 685 | $501 | 0.2 mi |
C 21128 Gladiolos Active 1 bd · 1 ba · 789 sqft · $507 · 0.8 mi | $399,999 List Price | 1 | 1 | 789 | $507 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1981 and remains in original condition (43 years old), meeting the >30y criteria for poor condition without renovation. The property requires a full rehab of the kitchen and bath, and the HVAC system is non-functional as indicated by the seller's credit for a new air conditioner.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Story Accessibility
The ground-floor, single-level layout offers convenient living without stairs, making it highly attractive for downsizers or those seeking easy accessibility.
- Prime Location
Situated in the desirable Trabuco Highlands, the property is within walking distance to scenic trails, parks, and shopping, supported by a strong school district.
- Private Outdoor Space & Laundry
Unlike many condos, this unit features a private enclosed patio and an in-home laundry area, providing essential convenience and personal outdoor space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =267646, other record lot size in square feet = 267530.
- Original Condition
The interior is in its original 1981 state and requires significant cosmetic and functional updates to meet modern standards.
- Missing Air Conditioning
The unit currently lacks a cooling system; while the seller offers a credit, the buyer must manage the installation and immediate discomfort during warmer months.
About 25652 Rimgate
Enjoy easy single-story living in this charming ground-floor condo featuring one bedroom and one bathroom. Beautiful Virtual Staging to inspire the potential. The home includes a private laundry area for added convenience, along with an enclosed outdoor patio—perfect for relaxing or enjoying your morning coffee. Home in need of updating, it's in original condition. Owner will give a credit through escrow towards an air conditioner. Ideally located near shopping, restaurants, parks, and scenic walking trails, this condo offers comfort, convenience, and an easy lifestyle in a desirable setting.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 267,646 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Rancho Canada Elementary School
Grades K-6 • 0.5 mi
7/10
La Madera Elementary School
Grades K-6 • 0.6 mi
7/10
Serrano Intermediate School
Grades 7-8 • 1.3 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 625 | 1,096.746 |
| Lot Size | 267,646 | 185,385.508 |
| Price | $440.0K | $649.6K |
| Price per sq ft | $704 | $596 |
| Built year | 1981 | 1986 |
| HOA | $350.0 | $502 |
| Days on market | 61 | 57 |
Pricing History
Listed for Sale
Sep 17, 2026
$440,000
$462,000
-5% Price Drop
Initial Listing
Price Change
Aug 25, 2026
$462,000
Initial Listing