22681 Manalastas Drive
About This Property
Nestled in a desired community in Lake Forest, this stunning two-story residence offers functionality and comfort for the whole family. The front landscape and walkway create an entryway that is both inviting and yet still promotes privacy. Having only one connecting neighbor further ensures optimal privacy. The large driveway leads to an attached three-car garage, providing ample parking and storage space.
Step inside to discover an inviting, warm living space with an open floor plan. The kitchen is a chef's delight, featuring granite countertops and an abundance of windows that flood the space with natural light. The home boasts both a living room and a family room, the latter of which includes a built-in wine cooler, making it an ideal spot for relaxation and social gatherings. The primary suite is a private oasis, complete with double closets and a beautiful bathroom featuring Jack and Jill sinks and a cozy bathtub.
In the backyard, you'll find plenty of space for outdoor activities, ideal for the entertainer who loves to host or simply have a quiet evening under the stars. The outdoor space is inviting, with good landscaping and an in-ground spa to relax in.
The home also boasts new solar panels, two backup batteries for extended electrical outages, and a car charger for an electric vehicle. The newly upgraded electrical panel provides ample opportunities for future upgrades to the home.
Conveniently located next to a nature trail, enjoy the serenity of nature just outside your doorstep. Located close to several parks, the scenic Lake Mission Viejo and the Oso Creek Golf Course, this home offers easy access to outdoor recreation and leisure activities.
Don't miss the opportunity to make this exceptional Lake Forest home your own.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Jul 8, 2024 | Listed by eXp Realty of California Inc | $1,288,000 | |
| Listed by eXp Realty of California Inc | |||
| Jun 14, 2024 | No longer available | - | |
| No longer available | |||
| Jun 8, 2024 | Price Decreased |
$1,490,000
↓ $100K
(6.3%) | |
| Price Decreased | |||
| May 10, 2024 | Listed by Realty Masters & Associates | $1,590,000 | |
| Listed by Realty Masters & Associates | |||
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This stunning 4 bedroom 2.5 bath home is beautifully located in the heart of Lake Forest. This 7200 sqft lot is in the quiet area adjacent to the breathtaking Aliso Creek nature trail. Must see to believe the unique location where there are no homes in the back nor on the North side. The whole house was upgraded with laminate flooring, double pain windows, double pain sliding doors, new high capacity electrical panels, re-roofing done for the solar panel installations. Freshly painted all rooms. The formal living room is open to high vaulted ceiling with plenty of natural light. The Kitchen has beautiful granite counter tops with eat-in area and featuring custom cabinetry for additional storage. Unwind yourself with in-ground spa in the fully landscaped backyard. The massive solar panel generating system will generate plenty of electric power and any unused portion will be stored in the battery system. 3-car garage has 240-volt electric car charger for your use. The manager has listed the unit size as 2399 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017