26042 Majorca, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 3 bath
ACTIVE$1,175,000
26042 Majorca, Lake Forest, California 92630
3Beds
3Baths
1,808Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($795,965.435) is $379,034.565 (32%) lower than the list price ($1,175,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Canyon View: The property boasts a canyon view, a premium feature that enhances its appeal and potential value.
Top Cons:
Significant Overpricing: The property is listed at $1,175,000, which is 32% above its estimated value of $795,965.435, making it highly overpriced compared to market data and recent sales.
Compared to the nearby listings
Price:$1.18M vs avg $1.31M ($-135,000)24%
Size:1,808 sqft vs avg 2,120 sqft31%
Price/sqft:$650 vs avg $67442%
More Insights
Built in 1981 (44 years old).
Condition: Built in 1981, this property shows significant updates, particularly in the kitchen, which features modern white shaker cabinets, dark countertops, stainless steel appliances (refrigerator, microwave, gas range), and recessed lighting, suggesting a renovation within the last 5-15 years. Visible areas like bedrooms and the office have clean carpets or updated flooring and appear well-maintained. The exterior and backyard are also well-kept. While no bathroom images are provided, the overall impression is a move-in ready home with updated key areas, aligning with the 'Good' condition criteria.
Year Built
1981
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$650
HOA
$100
Days on market
-
Sold On
-
MLS number
PW25094626
Home ConditionGood
Features
Good View: Canyon
Patio
ViewCanyon
About this home
Condition Rating
Good
Built in 1981, this property shows significant updates, particularly in the kitchen, which features modern white shaker cabinets, dark countertops, stainless steel appliances (refrigerator, microwave, gas range), and recessed lighting, suggesting a renovation within the last 5-15 years. Visible areas like bedrooms and the office have clean carpets or updated flooring and appear well-maintained. The exterior and backyard are also well-kept. While no bathroom images are provided, the overall impression is a move-in ready home with updated key areas, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Desirable Canyon View: The property boasts a canyon view, a premium feature that enhances its appeal and potential value.
Optimal Bathroom Count: With 3 full bathrooms for 3 bedrooms, the property offers excellent convenience and functionality for residents.
Generous Lot Size: A 7000 sqft lot provides ample outdoor space for various activities, landscaping, or potential expansion.
Desirable Location: Situated in Lake Forest, a well-regarded Orange County city known for its community amenities and quality of life.
Competitive HOA Fees: The $100 monthly association fee is reasonable and lower than some comparable properties, offering good value for community benefits.
Cons
Significant Overpricing: The property is listed at $1,175,000, which is 32% above its estimated value of $795,965.435, making it highly overpriced compared to market data and recent sales.
Potential for Dated Interior/Systems: Built in 1981, the property is over 40 years old. Without specific mention of recent renovations, it likely features older finishes and systems that may require significant investment to modernize and improve energy efficiency.
Inconsistent School District Information: The listed 'La Canada Unified' high school district is geographically incongruous with Lake Forest, CA, potentially causing confusion or concern for prospective buyers regarding school assignments.