301 Brackens, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath

301 Brackens, Lake Forest, California 92630 home-pic-0
ACTIVE$1,950,000
301 Brackens, Lake Forest, California 92630
4Beds
4Baths
2,753Sqft
4,488Lot

Price Vs. Estimate

The estimated value ($1,897,375.66) is $52,624.34 (2%) lower than the list price ($1,950,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Quality Builder: Built in 2023 by Toll Brothers, this residence showcases signature craftsmanship and modern construction standards.
Top Cons:
Significant Price Reductions: Multiple price drops from the original list price of $2.18M to $1.95M may indicate market resistance or initial overpricing.

Compared to the nearby listings

Price:$1.95M vs avg $1.31M (+$640,000)85%
Size:2,753 sqft vs avg 2,130 sqft81%
Price/sqft:$708 vs avg $67564%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023 by Toll Brothers, making it essentially brand new. The listing details and images confirm extensive upgrades including luxurious hardwood flooring throughout, a contemporary kitchen with high-end stainless-steel appliances, granite countertops, and a stylish backsplash. Bathrooms are elegantly appointed with modern fixtures and finishes. All components are new, meeting current quality standards with no deferred maintenance, and it includes energy-efficient features like a solar system.
Year Built
2023
Close
-
List price
$1.95M
Original List price
$2.18M
Price/Sqft
$708
HOA
$295
Days on market
-
Sold On
-
MLS number
OC25113593
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Nestled in the heart of Lake Forest, this exceptional 4-bedroom, 4-bathroom single residence by Toll Brothers showcases their signature craftsmanship. The thoughtfully upgraded floor plan boasts a spacious dining area with enhanced cabinetry, a contemporary kitchen designed for culinary enthusiasts, and luxurious hardwood flooring that graces the entire home. Granite countertops, a stylish backsplash wall, and stainless-steel appliances complement the modern aesthetic. The main floor features a bedroom, a full bathroom, an open-concept kitchen with a walk-in pantry, and a living room adorned with a fireplace. Ascend the upgraded glass stair railing to the second floor, where a generous master bedroom awaits, complete with an elegantly appointed master bathroom. Two additional ensuite bedrooms with bathrooms and an open space ideal for a family study area complete the second floor. This residence is a true haven, offering not only comfort but also energy-efficient features such as a solar system, upgraded insulation package, and electrical enhancements. The community, with its HOA parks featuring playgrounds, swimming pools, and basketball and tennis courts, enhances the overall lifestyle. Situated in a sought-after neighborhood, this property ensures easy access to shopping, dining, and entertainment options, making it an ideal place to call home.

Condition Rating
Excellent

This property was built in 2023 by Toll Brothers, making it essentially brand new. The listing details and images confirm extensive upgrades including luxurious hardwood flooring throughout, a contemporary kitchen with high-end stainless-steel appliances, granite countertops, and a stylish backsplash. Bathrooms are elegantly appointed with modern fixtures and finishes. All components are new, meeting current quality standards with no deferred maintenance, and it includes energy-efficient features like a solar system.
Pros & Cons

Pros

New Construction & Quality Builder: Built in 2023 by Toll Brothers, this residence showcases signature craftsmanship and modern construction standards.
Extensive Upgrades & Modern Finishes: The home features luxurious hardwood flooring throughout, granite countertops, a stylish backsplash, stainless-steel appliances, enhanced cabinetry, and an upgraded glass stair railing.
Energy Efficiency: Equipped with a solar system, upgraded insulation package, and electrical enhancements, contributing to lower utility costs and environmental benefits.
Functional & Versatile Layout: Offers a practical 4-bedroom, 4-bathroom layout including a convenient main floor bedroom and full bath, two additional ensuite bedrooms, and an open space for a family study area.
Desirable Community Amenities & Location: Located in a sought-after neighborhood with HOA parks featuring playgrounds, swimming pools, basketball, and tennis courts, plus easy access to shopping, dining, and entertainment.

Cons

Significant Price Reductions: Multiple price drops from the original list price of $2.18M to $1.95M may indicate market resistance or initial overpricing.
Listing Price vs. Estimated Value: The current listing price of $1.95M is higher than the estimated property value of $1.83M, suggesting it may be priced above current market expectations.
Monthly HOA Fees: A monthly association fee of $295.0 adds to the recurring cost of homeownership, which could be a consideration for budget-conscious buyers.

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