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121 Reyes Alley, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 4 bath

121 Reyes Alley, Lake Forest, California 92630 home-pic-0
ACTIVE$1,960,000
121 Reyes Alley, Lake Forest, California 92630
4Beds
4Baths
2,782Sqft
3,095Lot

Price Vs. Estimate

The estimated value ($1,960,000) is $0 (0%) lower than the list price ($1,960,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Premium Builder: Built in 2023 by Toll Brothers, a renowned luxury builder, guaranteeing modern design, quality construction, and adherence to current standards.
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 = 3095, living area = 2782.

Compared to the nearby listings

Price:$1.96M vs avg $1.31M (+$650,000)85%
Size:2,782 sqft vs avg 2,130 sqft82%
Price/sqft:$705 vs avg $67564%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand new construction. The MLS description highlights a 'gourmet kitchen with center island, bar seating, 36" 6-burner commercial style gas range top' and a 'Primary Suite with spa-like bath with dual vanities, lavish shower.' The images confirm these details, showcasing a modern kitchen with high-end stainless steel appliances, contemporary cabinetry, white quartz countertops, and subway tile backsplash. Bathrooms feature sleek vanities, modern fixtures, and a spacious walk-in shower in the primary suite. All flooring, lighting (recessed throughout), and finishes are new, stylish, and meet current quality standards, indicating no deferred maintenance or physical depreciation. The property also includes a 4.9kW solar system, further emphasizing its modern and high-quality status.
Year Built
2023
Close
-
List price
$1.96M
Original List price
$1.96M
Price/Sqft
$705
HOA
$245
Days on market
-
Sold On
-
MLS number
OC25234073
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Deck
Patio
ViewMountain(s), Neighborhood

About this home

No Mello Roos, Beautiful Toll Brothers' Single Family House at Lake Forest, Welcome to this luxurious Acacia, Coastal Contemporary home located in The Parklands at The Meadows. This home features: an impressive 31' high entrance, gourmet kitchen with center island, bar seating, 36" 6-burner commercial style gas range top, 4 bedrooms and 3.5 baths. The third-floor bedroom, full bath, loft and deck is ideal for multi-generational families, a home office, fitness area, or entertainment space. The Primary Suite includes spa-like bath with dual vanities, lavish shower and a spacious walk-in closet. This home comes complete with a designer appointed upgrade package including a 4.9kW solar system. The Meadows community offers a host of resort-style amenities, including a spacious recreation center, two pools, two spas, cabanas, 2 dog parks, sports fields, basketball, pickleball and volleyball courts, a lounge with a fireplace, and outdoor BBQ areas. In addition, enjoy the nearby miles of biking, hiking, and walking trails close to Meadows Community. Convenience location such as Home Depot, 24-hour fitness center, the shopping center, supermarkets, hospitals, and the Irvine Spectrum shopping Plaza. MUST SEE!

Condition Rating
Excellent
This property was built in 2023, making it a brand new construction. The MLS description highlights a 'gourmet kitchen with center island, bar seating, 36" 6-burner commercial style gas range top' and a 'Primary Suite with spa-like bath with dual vanities, lavish shower.' The images confirm these details, showcasing a modern kitchen with high-end stainless steel appliances, contemporary cabinetry, white quartz countertops, and subway tile backsplash. Bathrooms feature sleek vanities, modern fixtures, and a spacious walk-in shower in the primary suite. All flooring, lighting (recessed throughout), and finishes are new, stylish, and meet current quality standards, indicating no deferred maintenance or physical depreciation. The property also includes a 4.9kW solar system, further emphasizing its modern and high-quality status.
Pros & Cons

Pros

New Construction & Premium Builder: Built in 2023 by Toll Brothers, a renowned luxury builder, guaranteeing modern design, quality construction, and adherence to current standards.
Financial Advantages (No Mello Roos & Solar): Absence of Mello Roos taxes and the inclusion of a 4.9kW solar system provide significant long-term financial benefits through reduced property taxes and energy costs.
Extensive Resort-Style Amenities: Residents enjoy access to a wide array of community amenities, including multiple pools, spas, sports courts, dog parks, and a recreation center, fostering a vibrant lifestyle.
Versatile Multi-Generational Layout: The dedicated third-floor suite with a bedroom, full bath, loft, and deck offers exceptional flexibility for multi-generational living, a private office, or entertainment space.
High-End Interior Finishes: Boasts a gourmet kitchen with commercial-style appliances, a large island, and a designer-appointed upgrade package throughout, reflecting luxury and modern living.

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 = 3095, living area = 2782.
Ongoing Association Fees: The property incurs a monthly association fee of $245.0, which is an additional recurring cost for homeowners.
Compact Lot Size: The lot size of 3095 sqft is relatively small for a single-family residence, potentially limiting private outdoor living space and yard utility.
Alley Location: The address indicating 'Reyes Alley' might suggest a less prominent or desirable street frontage compared to a traditional main street, potentially affecting curb appeal or access perception.

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