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40 Forster, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath

40 Forster, Lake Forest, California 92630 home-pic-0
ACTIVE$2,160,000
40 Forster, Lake Forest, California 92630
5Beds
4Baths
2,547Sqft
3,994Lot

Price Vs. Estimate

The estimated value ($1,892,260.93) is $267,739.07 (12%) lower than the list price ($2,160,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern & Functional Layout: Features a desirable 5-bedroom, 4-bathroom floor plan with an expansive great room, a large loft, and a convenient downstairs bedroom with an en-suite, catering to diverse family needs.
Top Cons:
Significant Overpricing: The current listing price is 12% above the property's estimated market value, potentially hindering buyer interest and requiring a price adjustment to align with market expectations.

Compared to the nearby listings

Price:$2.16M vs avg $1.31M (+$850,000)90%
Size:2,547 sqft vs avg 2,130 sqft72%
Price/sqft:$848 vs avg $67589%

More Insights

Built in 2016 (9 years old).
Condition: The property was built in 2016, making it only 8 years old, which falls within the 'Excellent' criteria for age. The images showcase a modern and meticulously maintained interior. The kitchen features contemporary dark wood cabinetry, granite countertops, and stainless steel appliances, all appearing in excellent, near-new condition. Bathrooms are similarly modern with clean lines, updated vanities, and white subway tile showers. Flooring throughout is a mix of modern tile and wood-look laminate/engineered wood, and recessed lighting is prevalent. There are no visible signs of wear, deferred maintenance, or physical depreciation, indicating a move-in ready home meeting current quality standards.
Year Built
2016
Close
-
List price
$2.16M
Original List price
$2.16M
Price/Sqft
$848
HOA
$222
Days on market
-
Sold On
-
MLS number
OC25056307
Home ConditionExcellent
Features
Good View: Hills, Meadow
Patio
ViewHills, Meadow

About this home

THE ULTIMATE 5-BEDROOM FLOOR PLAN OFFERING A PERFECT LOCATION NEAR THE PARKS IN BAKER RANCH. Baker Ranch gem for sale!!! You must see this Toll Brothers Beautiful 5 bedroom 4 bathroom with best floor plan Single Family House located in Baker Ranch, a luxurious NO MELLO ROOS community ready for you to move in. Downstairs includes an expansive Great Room with kitchen and family room which is adjacent to a spacious dining room great for entertaining and family get-togethers. The kitchen includes a center island along with granite counter tops all around. 1 Bedroom downstairs as well with an en suite bathroom. Upstairs your staircase opens up to a large loft leading to the Master Bedroom & Bath as well as 3 more bedrooms, 2 bathrooms and an individual room with washer dryer hookups. Baker Ranch offers amenities for those looking for an active lifestyle which includes more than 40 acres of park! Two miles walking loop and 3 club house centers with pools, spas, BBQ’s, children’s play areas, sport courts, Pets Park and abundant space to entertain. Your home is a private haven just minutes from everyday conveniences and affords an uncommon standard of excellence due to the superior design and quality craftsmanship that Toll Brothers is known for. NO Mello Roos, low property tax and low HOA, MUST SEE!

Nearby schools

8/10
Melinda Heights Elementary School
Public,•K-6•3.7mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•5.5mi
8/10
Trabuco Hills High School
Public,•9-12•2.1mi
Condition Rating
Excellent
The property was built in 2016, making it only 8 years old, which falls within the 'Excellent' criteria for age. The images showcase a modern and meticulously maintained interior. The kitchen features contemporary dark wood cabinetry, granite countertops, and stainless steel appliances, all appearing in excellent, near-new condition. Bathrooms are similarly modern with clean lines, updated vanities, and white subway tile showers. Flooring throughout is a mix of modern tile and wood-look laminate/engineered wood, and recessed lighting is prevalent. There are no visible signs of wear, deferred maintenance, or physical depreciation, indicating a move-in ready home meeting current quality standards.
Pros & Cons

Pros

Modern & Functional Layout: Features a desirable 5-bedroom, 4-bathroom floor plan with an expansive great room, a large loft, and a convenient downstairs bedroom with an en-suite, catering to diverse family needs.
Premium Builder Quality: Constructed in 2016 by Toll Brothers, a reputable builder known for superior design and quality craftsmanship, ensuring modern building standards.
Exceptional Community Amenities: Located in the Baker Ranch community, offering extensive resort-style amenities including over 40 acres of parks, multiple clubhouses, pools, spas, sports courts, and walking trails.
Favorable Financial Structure: Benefits from no Mello-Roos, low property taxes, and a low HOA, significantly reducing ongoing ownership costs for the homeowner.
Desirable Location with Views: Situated in a prime Baker Ranch location near parks, offering pleasant hills and meadow views, enhancing its appeal.

Cons

Significant Overpricing: The current listing price is 12% above the property's estimated market value, potentially hindering buyer interest and requiring a price adjustment to align with market expectations.
Limited Lot Size: The 3,994 sqft lot is relatively small for a 5-bedroom single-family home, which may restrict outdoor living space or appeal to buyers seeking larger yards.
Standard Interior Finishes: While modern, the description highlights standard features like granite countertops, but lacks mention of high-end upgrades (e.g., designer flooring, custom built-ins, smart home tech, solar) that are present in some comparable luxury properties, potentially making it less competitive.

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