
Lake Forest, California 92630
This Turnkey Condominium is a Strong Value Opportunity, listed at $599,000—positioned well below the $637,442 Fair Market Value by 6%. This valuation gap offers $38,442 in Instant Equity for the buyer. Featuring a Mint Condition Rating with modern kitchen upgrades, recessed lighting, and fresh paint, this home requires no immediate capital expenditure. Located in the Saddleback Valley Unified district with community pool and spa access, it is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready lifestyle.
Move-in ready 2BR condo in Lake Forest. Modern upgrades, pool, spa, and no Mello Roos. Priced below market value for instant equity. Perfect for first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25885 Trabuco 172 Subject | $599,000* List Price | 2 | 2 | 1,190 | $536 | - |
A 25885 Trabuco Road 203 Sold | $580,000 | 2 | 2 | 1,190 | $487 | 0.1 mi |
B 25885 Trabuco 213 Sold | $599,900 | 2 | 2 | 1,190 | $504 | 0.1 mi |
C 25885 Trabuco Road 56 Sold | $580,000 | 2 | 2 | 1,190 | $487 | 0.1 mi |
D 25885 Trabuco Road 206 Sold | $599,000 | 2 | 2 | 1,190 | $503 | 0.1 mi |
E 26316 W Grove Circle 70 Sold | $735,000 | 2 | 3 | 1,242 | $592 | 0.5 mi |
F 25671 Le Parc 8 Sold | $625,000 | 3 | 2 | 1,123 | $557 | 0.3 mi |
G 25712 Le Parc 7 Sold | $570,000 | 2 | 2 | 996 | $572 | 0.3 mi |
H 21931 Rimhurst Sold | $625,000 | 3 | 2 | 1,075 | $581 | 0.5 mi |
I 25885 Trabuco 101 Active | $585,000 List Price | 2 | 2 | 1,190 | $492 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property has undergone a comprehensive recent renovation (likely within the last 5 years) featuring a modern kitchen with stainless steel appliances, updated flooring, recessed LED lighting, and fresh designer paint, meeting the criteria for mint, move-in ready condition.
The home features high-end contemporary renovations including recessed LED lighting, new flooring, fresh designer paint, and a remodeled kitchen with stainless steel appliances and a center island.
Unlike many condo units, this property provides two assigned parking spaces, including a covered carport with additional storage, offering significant convenience for multi-vehicle households.
The property is located in a community with no Mello Roos taxes, providing a lower overall tax burden compared to many other developments in the Lake Forest area.
The monthly association fee of $623 is relatively high, which may impact the debt-to-income ratio for buyers and increase the total monthly carrying cost.
With only 1.5 bathrooms for a two-bedroom, two-story layout, the lack of a second full shower or tub may be a drawback for families or those seeking a roommate-friendly floor plan.
Discover one of Cedar Glen’s most desirable homes—an upgraded, contemporary two story condo perfectly positioned in the heart of Lake Forest. This beautifully upgraded two story residence offers modern style, comfort, and convenience throughout. The home features 2 spacious bedrooms, including a walk in closet, 1.5 updated bathrooms, and numerous upgrades such as recessed LED lighting, new flooring, and fresh designer paint. The bright, open kitchen showcases stainless steel appliances, custom finishes, and a center island. The main floor welcomes you with an open-concept living area and a full kitchen that opens directly to a private patio. Enjoy the added convenience of being just steps away from two assigned parking spaces, both visible directly from your windows and front door. Cedar Glen provides exceptional community amenities, including a pool, two spas, and a clubhouse. The HOA covers water, landscaping maintenance and trash, offering ease and value. Located moments from shopping, dining, parks, and scenic trail, this home delivers unmatched accessibility and lifestyle appeal. An outstanding opportunity to own one of the community’s most desirable floorplans in a prime Lake Forest location. No Mello Roos.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,190 | 1,092 |
| Lot Size | 301,137 | 91,110.5 |
| Price | $599.0K | $658.2K |
| Price per sq ft | $503 | $606 |
| Built year | 1979 | 1988 |
| HOA | $623.0 | $424 |
| Days on market | 5 | 50 |
Jul 17, 2026
$599,000
Initial Listing
Aug 19, 2011
$222,000
Public Record
Jun 26, 2003
$249,000
Public Record
May 15, 2002
$209,000
Public Record
Apr 16, 2001
$167,500
Public Record
Dec 6, 1999
$130,000
Public Record
Sep 25, 1997
$90,000
Public Record