28987 Canyon Ridge, Lake Forest, California 92679, Trabuco Canyon, 92679 - 1 bed, 1 bath
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28987 Canyon Ridge
Lake Forest, California 92679
ACTIVE
CONDITION: GOOD
1Beds
1Baths
632Sq Ft
113,556Lot Size
Property Price
LIST PRICE$474,900
EST. MARKET VALUE
$434,183
9% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $474,900—positioned above the $434,183 Fair Market Value. While priced at a premium, the property offers a Good Condition Rating with significant modern infrastructure, including a 2023 HVAC system and EV-ready garage. Residents enjoy a serene lifestyle with Mountain and Tree Views, access to Whiting Ranch hiking trails, and proximity to the highly-rated Portola Hills Elementary. This well-maintained, move-in ready home is an ideal acquisition for first-time buyers or remote professionals seeking a peaceful, low-maintenance retreat.
Estimated Market Value
$434,183
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 |
|---|---|---|---|---|---|---|
★ 28987 Canyon Ridge Subject 1 bd · 1 ba · 632 sqft · $687 | $474,900* List Price | 1 | 1 | 632 | $687 | - |
A 18950 Canyon View Sold 2 bd · 1 ba · 833 sqft · $688 · 0.1 mi | $573,000 | 2 | 1 | 833 | $688 | 0.1 mi |
B 19801 Meadow Ridge Sold 2 bd · 2 ba · 816 sqft · $689 · 0.9 mi | $562,000 | 2 | 2 | 816 | $689 | 0.9 mi |
C 19801 Meadow Ridge Dr 57 Active 1 bd · 1 ba · 594 sqft · $715 · 0.9 mi | $424,999 List Price | 1 | 1 | 594 | $715 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1988, the property features excellent system updates including a brand new AC and furnace (2023) and modern electrical upgrades for EV charging. The unit is described as well-maintained and move-in ready, justifying a 'Good' rating despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Infrastructure & EV Ready
The property features a newer AC and furnace system installed in 2023, along with a 30A electrical outlet in the garage for mid-level EV charging, providing significant modern value.
- Scenic & Private Location
Nestled in the lush Trabuco Canyon with mountain and wood views, this unit offers a serene environment with immediate access to hiking trails at Whiting Ranch Wilderness Park.
- Turnkey Convenience
This well-maintained downstairs unit includes all appliances, including a washer and dryer, and features a slightly oversized one-car garage, making it move-in ready.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $570 is relatively high for a one-bedroom condo, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Compact Living Space
With only 632 square feet of living area, the interior space is quite limited, which may be a drawback for those requiring more storage or room for entertaining.
About 28987 Canyon Ridge
An attractive, private, and well-maintained DOWNSTAIRS condo nestled in lush Trabuco Canyon offers the perfect balance of nature's scenic views and convenience with easy access to nearby shopping and freeways. Enjoy your morning coffee or sip wine in the evening while gazing at a majestic sunrise or sunset. This tucked-away home with a slightly oversized one-car garage offers an ideal setting to work from home or as a getaway second home. The AC and furnace are newer (2023). The garage has a 30A electrical outlet for mid-level EV charging. The washer and dryer, along with all appliances, are included. HOA amenities include a pool, jacuzzi, playground, and green belts. Walking and hiking trails at nearby Whiting Ranch Wilderness Park.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 113,556 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $570.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Portola Hills Elementary School
Grades K-6 • 0.5 mi
8/10
Serrano Intermediate School
Grades 7-8 • 5.5 mi
6/10
El Toro High School
Grades 9-12 • 5.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.5 |
| Baths | 1.0 | 2.3 |
| Square foot | 632 | 1,040 |
| Lot Size | 113,556 | 161,686.75 |
| Price | $474.9K | $690.0K |
| Price per sq ft | $751 | $668 |
| Built year | 1988 | 1990 |
| HOA | $570.0 | $520 |
| Days on market | 3 | 88 |
Pricing History
Listed for Sale
Oct 22, 2026
$474,900
Initial Listing
Sold
Sep 29, 2025
$455,000
Public Record
Sold
Mar 19, 2010
$187,500
Public Record
Sold
Jun 24, 2005
$340,000
Public Record
Sold
Oct 27, 2003
$235,000
Public Record