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331 Newton, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath

331 Newton, Lake Forest, California 92630 home-pic-0
ACTIVE$2,098,000
331 Newton, Lake Forest, California 92630
4Beds
4Baths
2,782Sqft
3,771Lot

Price Vs. Estimate

The estimated value ($1,961,345.07) is $136,654.93 (6%) lower than the list price ($2,098,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Extensive Upgrades: Built in 2023, this 'Model Perfect' home boasts over $150k in high-end upgrades, including a water softening system, dual AC, luxury vinyl flooring, Calacata gold counters, and an epoxied garage floor, offering a turnkey modern living experience.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3771, living area = 2782.

Compared to the nearby listings

Price:$2.10M vs avg $1.31M (+$788,000)89%
Size:2,782 sqft vs avg 2,130 sqft82%
Price/sqft:$754 vs avg $67572%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand-new construction. The listing explicitly states 'Model Perfect and highly upgraded' with 'over $150k in upgrades,' including an open-concept kitchen with high-end stainless appliances and Calacata gold counters, luxury vinyl flooring, dual AC, owned solar, and a water softening system. The images confirm a pristine, modern condition throughout, particularly in the kitchen and bathrooms, with contemporary finishes and fixtures. There is no deferred maintenance, and all components are virtually new, meeting the highest quality standards.
Year Built
2023
Close
-
List price
$2.1M
Original List price
$2.23M
Price/Sqft
$754
HOA
$260
Days on market
-
Sold On
-
MLS number
OC25091847
Home ConditionExcellent
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)

About this home

Spectacular Newer Home with multiple common areas for large families. Amazing lot gives this home a prime location that is impossible to duplicate! Oversized yard, for rear entertaining off the California room and a park in the front yard for play and gatherings. Nice view of saddleback mountain from Balcony Rec Room. This is the one you have been waiting for with over $150k in upgrades including a water softening system. This home is Model Perfect and highly upgraded. No Mello Roos! Owned solar included in this energy efficient smart home. A dramatic modern yet cozy look with style and elegance. Open concept kitchen with high end stainless appliances and dramatic kitchen island open to the family room and dining areas. Dual air conditioning system, Luxury vinyl floor through out most of the common area rooms. Calacata gold counters in kitchen and master. A gorgeous newly Epoxied Garage Floor. Nothing for you to do but move in and enjoy. The HOA is unmatched with amazing facilities, yet an affordable cost. Luxury resort pool/club house complex with truly amazing pickle ball facilities. Study, have family gatherings, lay by the pool, or play in the fields. A truly enjoyable experience for all near the south east side or Irvine in close proximity to the Great Park, freeways, shopping and so much more! Priced to sell, this one is hot!

Condition Rating
Excellent
This property was built in 2023, making it a brand-new construction. The listing explicitly states 'Model Perfect and highly upgraded' with 'over $150k in upgrades,' including an open-concept kitchen with high-end stainless appliances and Calacata gold counters, luxury vinyl flooring, dual AC, owned solar, and a water softening system. The images confirm a pristine, modern condition throughout, particularly in the kitchen and bathrooms, with contemporary finishes and fixtures. There is no deferred maintenance, and all components are virtually new, meeting the highest quality standards.
Pros & Cons

Pros

New Construction & Extensive Upgrades: Built in 2023, this 'Model Perfect' home boasts over $150k in high-end upgrades, including a water softening system, dual AC, luxury vinyl flooring, Calacata gold counters, and an epoxied garage floor, offering a turnkey modern living experience.
Exceptional Community Amenities: Located in 'The Meadows,' the property benefits from an 'unmatched HOA' with 'amazing facilities' such as a luxury resort pool/clubhouse, pickleball courts, and multiple common areas, fostering a vibrant community lifestyle.
Energy Efficiency & Financial Benefits: Features owned solar panels, making it an 'energy efficient smart home' with reduced utility costs. The significant advantage of 'No Mello Roos' further enhances long-term affordability.
Prime Lot & Outdoor Living: Positioned on an 'amazing, impossible to duplicate lot' with an 'oversized yard' perfect for entertaining off the California room, complemented by a front yard park for recreation.
Scenic Mountain Views: Offers a 'Nice view of Saddleback Mountain from Balcony Rec Room,' adding a desirable aesthetic and natural backdrop to the home.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3771, living area = 2782.
Potential Overpricing: The current listing price of $2.098M is 6% higher than the estimated property value of $1.96M, which may indicate it is priced above current market expectations.
Smaller Bedroom Count Relative to Comps: At 4 bedrooms, the property offers fewer bedrooms compared to several recently sold comparable homes in the same community that feature 5 bedrooms for similar or slightly higher price points.
Standard Upgrades vs. Advanced Tech in Comps: While well-upgraded, some comparable properties include more advanced features like Tesla Powerwalls, which could make this home's upgrades seem less cutting-edge in a competitive luxury market.

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