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

390 Riverbend, Lake Forest, California 92630 home-pic-0
ACTIVE$2,590,000
390 Riverbend, Lake Forest, California 92630
5Beds
5Baths
3,270Sqft
3,738Lot

Price Vs. Estimate

The estimated value ($2,396,105.275) is $193,894.725 (7%) lower than the list price ($2,590,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Luxury Builder: Built in 2023 by the renowned Toll Brothers, this brand new home offers modern design, quality construction, and the benefits of a recently completed property.
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 = 3738, living area = 3270.

Compared to the nearby listings

Price:$2.59M vs avg $1.31M (+$1,280,000)97%
Size:3,270 sqft vs avg 2,130 sqft93%
Price/sqft:$792 vs avg $67581%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023 by a luxury builder (Toll Brothers), making it virtually brand new. The description highlights a gourmet kitchen with upgraded huge countertops, stainless steel appliances (including a 6-burner gas stove and wall oven/microwave), and ceiling-height white wood cabinets. The first floor features tile flooring, and the second floor has quiet carpet. All second-floor bedrooms boast private bathrooms, indicating modern fixtures and finishes throughout. The overall condition is pristine, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a newly built home.
Year Built
2023
Close
-
List price
$2.59M
Original List price
$2.69M
Price/Sqft
$792
HOA
$290
Days on market
-
Sold On
-
MLS number
OC25085365
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Trees/Woods
Patio
ViewPark/Greenbelt, Trees/Woods

About this home

1. Perfect Location!!! Single Loaded Street with Infinite VIEW! 2. No Mello-Roos and HOA 290 only. 3. Solar Pads paid off already. 4. Walking to Grand Club House. 5. Costco opening soon nearby. BRAND NEW House made by top luxury builder Tolls Brothers one year ago! It is locating in Meadows Community on Lake Forest, where the House faces most beautiful West and back yard faces East with grand VIEW. Quiet bright location being in the CENTRAL location of community. No neighbors nearby at front and back sides. Tile flooring on first floor and quiet carpet on second floor throughout all this 5 bedroom 5 Bathrooms. The spacious chef's gourmet kitchen with upgraded huge countertops, stainless steel appliances, a 6-burner gas stove, a wall oven/microwave, white wood cabinets extending to the ceiling, a extended large kitchen island, and ample storage. An extra-large kitchen island with sink with multiple functions cabinets. Built in 5.1 Speakers on grant size living room ceiling. ALL the bedrooms, family room, living room, entrance hall, formal dining room are with formal central lights. The first floor Bedroom near entrance and sharing bathroom. One retreat room and one Luxury huge bathroom in the master-bedroom. One family room upstairs connect the stairs and bedrooms. ALL 2nd floor bedrooms with private bathrooms and closets. Big size laundry room with sink, storage and window on 2nd floor. 1 yard gates at side yard of the front. ALL side and back yards are covered by tiles and plants. Garage face West-South side with standard driveway. The builder offered solar pads on the roof. Enjoy all the luxury community amenities that the Toll Brothers offers, including gated multiple pools, parks, hiking trails and tennis courts, and proximity to Elementary School, High school and three shopping plazas. NO Mello-Roos in this brand new community! Welcome to appoint showing this amazing dreaming upgraded house any time!

Condition Rating
Excellent
This property was built in 2023 by a luxury builder (Toll Brothers), making it virtually brand new. The description highlights a gourmet kitchen with upgraded huge countertops, stainless steel appliances (including a 6-burner gas stove and wall oven/microwave), and ceiling-height white wood cabinets. The first floor features tile flooring, and the second floor has quiet carpet. All second-floor bedrooms boast private bathrooms, indicating modern fixtures and finishes throughout. The overall condition is pristine, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a newly built home.
Pros & Cons

Pros

New Construction & Luxury Builder: Built in 2023 by the renowned Toll Brothers, this brand new home offers modern design, quality construction, and the benefits of a recently completed property.
Exceptional Location & Views: Situated on a single-loaded street with infinite west-facing views, the property boasts a quiet, central community location with no immediate front or back neighbors, enhancing privacy and scenic appeal.
Significant Cost Savings: The absence of Mello-Roos taxes and fully paid-off solar panels provide substantial long-term financial benefits, coupled with a low HOA fee.
Premium Interior & Features: The home features a spacious gourmet kitchen with upgraded countertops, high-end stainless steel appliances, a large island, tile flooring on the first floor, en-suite bathrooms for all second-floor bedrooms, a luxurious master suite, and built-in 5.1 speakers in the living room.
Resort-Style Community & Convenience: Residents enjoy extensive luxury amenities including multiple pools, parks, hiking trails, tennis courts, and walkability to the grand clubhouse, along with proximity to schools, shopping plazas, and an upcoming Costco.

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 = 3738, living area = 3270.
Potential Overpricing: The current list price of $2.59 million is notably higher than the estimated property value of $2.396 million, which may present a challenge in attracting buyers at the current asking price.
Limited Green Space: The description indicates that all side and back yards are covered by tiles and plants, suggesting a highly hardscaped and low-maintenance outdoor area that may not appeal to buyers desiring a traditional lawn or extensive natural landscaping.
Lack of Personalization Opportunity: As a fully upgraded and brand new home, many design choices and finishes have already been selected, potentially limiting a new owner's ability to customize without incurring additional renovation costs.

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