21324 Balsam Lane, Lake Forest, California 92630, Lake Forest, - bed, bath

home-pic
ACTIVE$698,000
21324 Balsam Lane, Lake Forest, California 92630
2Beds
2Baths
974Sqft
Lot
Year Built
1987
Close
-
List price
$698K
Original List price
$699K
Price/Sqft
-
HOA
$340
Days on market
-
Sold On
-
MLS number
OC25188994
Home ConditionGood
Features
Patio
View-

About this home

Experience the best in Lake Forest living! This charming lower-corner unit has been tastefully upgraded with room to still make it yours. It is a single-level home with two bedrooms, and two bathrooms and won’t last long! The open-concept living area glows with natural light pouring in from the sizable sliding glass door leading outside to a spacious backyard. Look forward to spending time in the spacious back patio with low-maintenance turf; perfect for family dinners, enjoying your morning coffee, or just relaxing while taking in the sunset skies. A single-car garage with a full driveway offers direct access to the home and an interior full-size laundry room. The kitchen is adorned with new cabintes, a waterfall island, stainless steel appliances, and marble countertops. The space is illuminated with recessed lighting. The primary suite includes a ton of natural light, a spacious walk-in closet, and a sliding door with access to your private backyard oasis. A second bedroom is perfect for guests, an office, or a workout room, the choice is yours. This community features a pool and spa a short walk from your front door. Low HOA dues, taxes & no Mello-Roos. Minutes to Irvine Spectrum's shops, dining, and businesses as well as just a stroll down the street to public transportation, grocery shopping, eateries, parks, and hiking trails. Whatever your pleasure, you will find it here! Eligible for $15,000 forgivable loan (no payments, no interest) to cover closing costs, rate buy-down and/or down payment. 100% financing available.

Nearby schools

3/10
Santiago Elementary School
Public,K-61.4mi
5/10
Cordillera Elementary School
Public,K-63.1mi
6/10
Serrano Intermediate School
Public,7-81.4mi
7/10
El Toro High School
Public,9-121.2mi

Price History

Date
Event
Price
09/03/25
Price Change
$698,000-0.1%
08/21/25
Listing
$699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (74 Listings)
Beds22
50%
Baths22
50%
Square foot974981
48%
Lot Size0241,503
Price$698K$615K
65%
Price per square foot$717$609
97%
Built year19871983
67%
HOA$340$473
8%
Days on market76166
7%
Condition Rating
Good

Built in 1987, this property has undergone significant recent upgrades, particularly in the kitchen, which features new cabinets, a waterfall island, stainless steel appliances, marble countertops, and recessed lighting, giving it an excellent, modern appearance. The flooring throughout also appears new. While the property is move-in ready and well-maintained, the bathrooms do not appear to have received the same level of extensive, modern renovation as the kitchen, showing more standard fixtures and finishes. This indicates that while key areas are virtually new, the property has not undergone a full recent renovation of all components, placing it in the 'Good' category rather than 'Excellent'.
Pros & Cons

Pros

Modern & Upgraded Interior: The unit boasts a tastefully upgraded interior, featuring a modern kitchen with new cabinets, a waterfall island, stainless steel appliances, marble countertops, and recessed lighting, enhancing its appeal and move-in readiness.
Private & Functional Outdoor Living: As a lower-corner unit, it offers a spacious and private backyard with low-maintenance turf, perfect for relaxation and entertaining, complemented by a sizable sliding glass door for seamless indoor-outdoor flow.
Exceptional Buyer Financial Incentives: The property is eligible for a significant $15,000 forgivable loan (no payments, no interest) for closing costs, rate buy-down, or down payment, along with 100% financing options, making it highly accessible for buyers.
Highly Convenient Location & Community Amenities: Situated minutes from Irvine Spectrum's shops and dining, and within walking distance to public transportation, grocery stores, parks, and hiking trails. The community also offers a pool and spa a short walk away.
Favorable Ownership Costs: The property benefits from low HOA dues, low taxes, and no Mello-Roos, significantly reducing the overall cost of homeownership for potential buyers.

Cons

Compact Living Space: With 974 square feet, the unit offers a relatively compact living area, which might be a consideration for buyers seeking more expansive interior space.
Condominium Lifestyle Limitations: As a condominium, the property is subject to HOA rules and shared walls, which may not appeal to all buyers who prefer the autonomy and privacy of a detached single-family home.
Absence of Scenic Views: The property description explicitly states 'view: None', indicating a lack of notable scenic or panoramic views, which could be a drawback for some buyers.

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