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3 Silver Spruce Ct
About This Property
This spacious residence offers approximately 3,331 square feet of well-designed living space, featuring 5 bedrooms and 4 full bathrooms, including a highly desirable main-floor bedroom and full bath, ideal for guests or multi-generational living. The home has been freshly painted within the last two years, features a two-year-old water softener, and includes a fully paid-off solar system, providing both comfort and long-term energy savings.
The interior showcases extensive luxury upgrades throughout, with elegant finishes, custom details, and designer lighting that create a refined yet welcoming atmosphere. The open chef's kitchen features a large center island, upgraded stainless steel appliances, and a walk-in pantry, flowing seamlessly into the family room with a cozy fireplace-perfect for entertaining or everyday living.
Upstairs, the expansive primary suite serves as a private retreat, complete with a luxurious bathroom and walk-in closet. A secondary upstairs bedroom includes its own en-suite bathroom, along with two additional bedrooms and a versatile gathering or bonus room.
The home's exterior offers excellent curb appeal with a paver driveway and an inviting front porch. The private backyard is thoughtfully designed with pavers, tranquil tree views, and an outdoor Teppanyaki grill table with seating-ideal for outdoor dining and gatherings.
Outstanding School Options: The property is located within the highly regarded Saddleback Valley Unified School District, serving Lake Forest Elementary, Serrano Intermediate, and Trabuco Hills High School, all known for strong academic programs. In addition, families have access to several high-quality nearby charter schools, including Oxford Preparatory Academy – Saddleback Valley (TK–8), as well as other reputable charter options in the surrounding area.
With close proximity to shopping, dining, and major freeways-along with low HOA dues, a low property tax rate, and NO Mello-Roos-this exceptional home is truly move-in ready and offers the very best of Lake Forest living.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Price Decreased |
$1,838,000
↓ $82K
(4.3%) | |
| Price Decreased | |||
| Mar 28, 2026 | Price Decreased |
$1,920,000
↓ $60K
(3%) | |
| Price Decreased | |||
| Feb 1, 2026 | Listed by Universal Elite Inc. | $1,980,000 | |
| Listed by Universal Elite Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017