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24262 Sparrow
About This Property
The floor plan offers flexibility without losing its sense of connection. An upstairs loft provides additional space for an office, media room, reading area, or second lounge, while the bedrooms are bright and comfortably proportioned. The updated bathrooms continue the same modern design, including distinctive wood detailing around the tub and shower area. Large windows and doors open the home to a broad backyard with mature landscaping, a spacious lawn, and patio areas that make it easy to extend everyday living outside. With an attached two car garage, a wide driveway, and a long lot configuration, the property offers useful space both inside and out.
Great location! The home is situated in Lake Forest North within the Saddleback Valley Unified School District, and residents enjoy membership in the Lake Forest II community with access to the Sun & Sail Club and its recreational amenities. Everyday shopping, dining, parks, and neighborhood conveniences are all close by, making the setting well suited for both day to day living and long term ownership. Whether used as a primary residence or held as an investment, 24262 Sparrow Street stands out for its updated condition, flexible layout, outdoor space, and access to the lifestyle that makes Lake Forest such a desirable place to live.
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 29, 2026 | Listed by Keller Williams Realty Irvine | $1,499,900 | |
| Listed by Keller Williams Realty Irvine | |||
| Jul 21, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Apr 14, 2026 | Listed by NTMR Holdings Inc. | $1,300,000 | |
| Listed by NTMR Holdings Inc. | |||
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For the first time in over 40 years! Prime Lake Forest location just minutes from the amenities of the highly sought after "The Sails Clubhouse". Very large lot with large driveway and nice size backyard.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017