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20702 El Toro Road, 231, Lake Forest, CA 92630

$450K2bd · 2ba · 916 sqft
HOA $553.88/mo•Condominium•
Active
•138d on market•MLS# OC-26060489

Property Description

This lovely Lake Forest community is now FHA Approved and has passed all SB 326 inspections!!! Welcome to easy, low-maintenance living in the heart of Lake Forest! This beautifully updated ground-level 2-bedroom, 2-bath condominium offers the comfort and convenience today’s buyers are looking for—all with no interior or exterior stairs to navigate. Inside, you’ll find 916 square feet of thoughtfully designed living space featuring Spanish tile flooring throughout, creating a warm, cohesive look that’s both stylish and easy to maintain. The updated kitchen serves as the heart of the home, offering modern finishes, ample cabinetry, and a functional layout that flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite provides a private retreat with an en-suite bathroom, while the second bedroom offers flexibility for guests, a home office, or hobbies. A second full bathroom adds convenience for family and visitors alike. Enjoy the ease of having two dedicated parking spaces (one that is covered) and the value of an HOA that includes water, trash, and access to community amenities which include a sparkling pool, sauna and tennis courts, helping simplify monthly expenses while enhancing your lifestyle. Whether you’re purchasing your first home, looking to downsize, or searching for a low-maintenance property in a convenient location, this home checks all the boxes. Ideally situated near shopping, dining, parks, and commuter routes, you’ll enjoy easy access to everything Lake Forest has to offer while coming home to a comfortable and inviting space. Offered at $525,000, this move-in-ready residence combines thoughtful updates, practical features, and an exceptional location into one outstanding opportunity.

Features & Amenities

FeeBuilt 1980

Property Details

Land Type
Fee
Year Built
1980
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
0
Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
View
None
Flooring
Tile
City
Lake Forest
Zip Code
92630
County
Orange
Listed byLuxre Realty, Inc., Brittany Rene Miller

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,275.44
Principal & Interest
Loan Amount
$360,000
Total Interest
$459,160
Total Payment Over 30 Years
$819,160
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

20702 El Toro Road, 231, Lake Forest, CA 92630

Lake Forest · Condominium

$450K
Affordable Tier
Beds
2
Baths
2
Sqft
916
Lot
0 sqft
Year
1980
$/Sqft
$491
Pool: Yes✓
Spa: Yes✓
View: None✓

Listed 8.0% below the median closed sale of $489,000. Price per sqft ($491) is a 11% discount to closed comps ($554).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $450K· $491/sqft
Total list price
Closed comps
vs closed median $489K
−$39K (−8.0%)
Active comps
vs active median $449K
+$1K (+0.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $526
−$35 (−6.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
23280 OrangeLake Forest198022947870,887$539$510,00010894
21245 CameliaLake Forest198822953158,797$661$630,000492
23278 OrangeLake Forest198022947870,887$459$435,00021192
23282 Orange AvenueLake Forest1980221,012870,887$435$440,0009392
23258 OrangeLake Forest198021834870,887$538$449,00012388
Total: 5 · Average2.01.8938.6728,469$526.4$492,800107.8
Median947$449,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
23280 Orange AvenueLake Forest198009/29/202622947870,887$440,000$440,000$4651.007995
25614 Mont PointeLake Forest198410/02/202622957162,510$489,000$489,000$5111.0023294
18952 Canyon ViewLake Forest198609/15/202622954113,556$549,000$545,000$5710.9912991
26342 Forest RidgeLake Forest198908/26/202622868173,239$598,000$598,000$6891.004089
25712 Le ParcLake Forest198309/08/202612896190,810$485,000$480,000$5360.994086
Total: 5 · Average1.82.0924.4302,200.4$510,400$510,400$554.4—104
Median947$489,000$489,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.