28662 Malabar Road, Lake Forest, California 92679, Lake Forest, 92679 - 5 bed, 5 bath

28662 Malabar Road, Lake Forest, California 92679 home-pic-0
ACTIVE$2,020,000
28662 Malabar Road, Lake Forest, California 92679
5Beds
5Baths
3,150Sqft
4,950Lot

Price Vs. Estimate

The estimated value ($1,547,016.475) is $472,983.525 (23%) lower than the list price ($2,020,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive High-End Remodel: The property has undergone a complete and meticulous transformation with high-end upgrades throughout, including new flooring, cabinetry, windows, paint, and remodeled bathrooms, offering a move-in ready luxury experience.
Top Cons:
Significant Price Discrepancy: The current listing price is considerably higher (23% above) the estimated market value, which may present a challenge in attracting buyers at the asking price.

Compared to the nearby listings

Price:$2.02M vs avg $1.66M (+$362,000)67%
Size:3,150 sqft vs avg 2,971 sqft54%
Price/sqft:$641 vs avg $62757%

More Insights

Built in 1993 (32 years old).
Condition: Despite being built in 1993, this property has undergone an 'exquisitely remodeled' and 'completely transformed' renovation with high-end upgrades. The description explicitly states 'new flooring, custom-renovated staircase, fresh interior and exterior paint, all-new cabinetry, new windows, gorgeous quartz countertops throughout, upgraded range, oversized island, chic tile backsplash, meticulously remodeled bathrooms with quartz countertops, new cabinetry, stylish shower heads, new dual A/C units, a furnace, water heater, and recessed lighting.' This extensive and recent overhaul, including major systems and aesthetic components, aligns perfectly with the 'Excellent' criteria of being extensively renovated within 5 years with virtually new components meeting current quality standards.
Year Built
1993
Close
-
List price
$2.02M
Original List price
$2.02M
Price/Sqft
$641
HOA
$160
Days on market
-
Sold On
-
MLS number
OC25133593
Home ConditionExcellent
Features
Excellent View: City Lights, Canyon, Hills, Mountain(s)
Patio
ViewCity Lights,Canyon,Hills,Mountain(s)

About this home

Experience breathtaking city lights, mountain views, and stunning sunsets from this exquisitely remodeled, end-unit modern farmhouse. Completely transformed with high-end upgrades, this home redefines luxury living. The meticulous renovations include new flooring, a custom-renovated staircase, fresh interior and exterior paint, all-new cabinetry, and stylish window coverings over new windows. Gorgeous quartz countertops flow throughout, adding elegance at every turn. The gourmet kitchen is a chef's dream, featuring an upgraded range, an oversized island, and a chic tile backsplash, seamlessly connecting to the inviting family room anchored by a striking fireplace. The main floor includes a convenient bedroom with a full bath, perfect for guests or multi-generational living. Upstairs, the en-suite primary bedroom serves as a private retreat, complete with a separate soaking tub, a walk-in shower, and a cozy fireplace. Further enhancing comfort and efficiency, the home boasts new dual A/C units, a furnace, water heater, and recessed lighting throughout. The bathrooms have also been meticulously remodeled with quartz countertops, new cabinetry, and stylish shower heads. Outside, the backyard has been beautifully upgraded with lush landscaping, hardscape design, and a fire pit, creating an ideal space for relaxation and entertaining. With no Mello-Roos tax and low HOA fees, this residence offers the pinnacle of luxurious, hassle-free living. Don’t miss the chance to call this spectacular home yours!

Nearby schools

8/10
Portola Hills Elementary School
Public,K-60.5mi
6/10
Serrano Intermediate School
Public,7-84.8mi
7/10
El Toro High School
Public,9-124.3mi
Condition Rating
Excellent

Despite being built in 1993, this property has undergone an 'exquisitely remodeled' and 'completely transformed' renovation with high-end upgrades. The description explicitly states 'new flooring, custom-renovated staircase, fresh interior and exterior paint, all-new cabinetry, new windows, gorgeous quartz countertops throughout, upgraded range, oversized island, chic tile backsplash, meticulously remodeled bathrooms with quartz countertops, new cabinetry, stylish shower heads, new dual A/C units, a furnace, water heater, and recessed lighting.' This extensive and recent overhaul, including major systems and aesthetic components, aligns perfectly with the 'Excellent' criteria of being extensively renovated within 5 years with virtually new components meeting current quality standards.
Pros & Cons

Pros

Extensive High-End Remodel: The property has undergone a complete and meticulous transformation with high-end upgrades throughout, including new flooring, cabinetry, windows, paint, and remodeled bathrooms, offering a move-in ready luxury experience.
Panoramic Views: Offers breathtaking city lights, mountain views, and stunning sunsets, significantly enhancing the property's appeal and value.
Gourmet Kitchen: Features a chef's dream kitchen with an upgraded range, oversized island, and chic tile backsplash, ideal for entertaining and daily living.
Cost-Effective Ownership: Benefits from no Mello-Roos tax and low HOA fees, reducing the overall cost of homeownership.
Modern Comfort & Efficiency: Equipped with new dual A/C units, furnace, water heater, and recessed lighting, ensuring enhanced comfort and energy efficiency.

Cons

Significant Price Discrepancy: The current listing price is considerably higher (23% above) the estimated market value, which may present a challenge in attracting buyers at the asking price.
Modest Lot Size: The 4,950 sqft lot is relatively small for a 3,150 sqft single-family residence, potentially limiting outdoor space and appeal for buyers desiring larger grounds.
Original Build Year: While extensively renovated, the home's original construction in 1993 means the core structure is over 30 years old, which might be a consideration for buyers prioritizing newer builds.

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