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360 Riverbend, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 5 bath

360 Riverbend, Lake Forest, California 92630 home-pic-0
ACTIVE$2,588,000
360 Riverbend, Lake Forest, California 92630
5Beds
5Baths
3,270Sqft
3,583Lot

Price Vs. Estimate

The estimated value ($2,528,323.695) is $59,676.305 (2%) lower than the list price ($2,588,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Reputable Builder: Built in 2023 by Toll Brothers, this home offers modern design, energy efficiency, and quality construction from a renowned builder.
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 = 3583, living area = 3270.

Compared to the nearby listings

Price:$2.59M vs avg $1.31M (+$1,278,000)97%
Size:3,270 sqft vs avg 2,130 sqft93%
Price/sqft:$791 vs avg $67581%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand-new construction by Toll Brothers. The description highlights a spacious chef's gourmet kitchen with granite countertops, stainless steel appliances (including a 6-burner gas stove and wall oven/microwave), white wood cabinets extending to the ceiling, and a large island. Upgraded tile flooring and recessed lighting are also noted. All components are new, meet current quality standards, and show no signs of depreciation, aligning perfectly with the 'excellent' condition criteria.
Year Built
2023
Close
-
List price
$2.59M
Original List price
$2.59M
Price/Sqft
$791
HOA
$290
Days on market
-
Sold On
-
MLS number
OC25164043
Home ConditionExcellent
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

VIEW! VIEW! VIEW! Toll Brothers home boasts an excellent location, adjacent to a community park, swimming pool, spa, BBQ area, and notably, no neighbors in the back! It's the most sought-after 5-bedroom, 5-bath residence in the Magnolias of the Meadows, Lake Forest. The layout includes one bedroom and a full bath downstairs, with the remaining four bedrooms and baths upstairs. The ground floor features upgraded tile flooring, a spacious chef's gourmet kitchen with granite countertops, stainless steel appliances, a 6-burner gas stove, a wall oven/microwave, white wood cabinets extending to the ceiling, a large kitchen island, and ample storage. The home also offers a light-filled formal living room and dining room with recessed lighting. Enjoy the benefit of no Mello-Roos and a low property tax rate of only 1.06%. --- A MUST-SEE, DON'T MISS OUT!

Condition Rating
Excellent
This property was built in 2023, making it a brand-new construction by Toll Brothers. The description highlights a spacious chef's gourmet kitchen with granite countertops, stainless steel appliances (including a 6-burner gas stove and wall oven/microwave), white wood cabinets extending to the ceiling, and a large island. Upgraded tile flooring and recessed lighting are also noted. All components are new, meet current quality standards, and show no signs of depreciation, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

New Construction & Reputable Builder: Built in 2023 by Toll Brothers, this home offers modern design, energy efficiency, and quality construction from a renowned builder.
Exceptional Community Amenities & Privacy: Located adjacent to a community park, swimming pool, spa, and BBQ area, with the added benefit of no rear neighbors for enhanced privacy and lifestyle.
Significant Financial Advantages: The property boasts no Mello-Roos and a low property tax rate of 1.06%, offering substantial long-term cost savings for homeowners.
Gourmet Chef's Kitchen: Features a spacious, upgraded kitchen with granite countertops, stainless steel appliances (6-burner gas stove, wall oven/microwave), a large island, and ample storage.
Versatile Layout & Views: Offers a desirable 5-bedroom, 5-bathroom layout including a convenient downstairs bedroom and full bath, complemented by city lights and neighborhood views.

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 = 3583, living area = 3270.
Limited Private Outdoor Space: The lot size of 3583 sqft is relatively small for a 3270 sqft home, suggesting minimal private yard space for outdoor activities or gardening.
Ongoing Association Fees: A monthly association fee of $290 adds to the recurring costs of homeownership, despite the included community amenities.
High Price Point: With a list price of $2.588 million, this property is positioned at a premium price point, potentially narrowing the pool of prospective buyers.

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