Lake Forest 2 Homes & Neighborhoods

4 beds, 2 full 1 part baths
Home size: 2,890 sq ft
Lot Size: 6,565 sq ft
Added: 01/25/10, Last Updated: 02/26/10
Property Type: Single Family, Residential
MLS Number: P718962
Community: Lake Forest South
Tract: Pe
The price of this listing was last reduced on 2/25/2010 by 10%


Desireable home in Lake Forest across street from stunning Sun & Sail Club. Large family home on friendly cul-de-sac. Third garage has been converted to 5th bedroom w/bathroom. Not permitted but can be removed. Front entry has artificial grass w/fountain. Club amenities include tennis, pools, lake, gym, community events. This is a short sale pending lender approval.

Listed with David Brackett, Homeland Financial NetworkInc.

---

Brought to you by Vicki Lloyd, The Real Estate Professionals. Call me today at 949-457-0281, or visit my website at VickiLloyd.com!

---

I have downloaded the lists from several sources of foreclosure data, but I can see many discrepencies that will need more analysis. Some of the properties labeled as “bank owned” were actually purchased by investors. Some of the properties that are scheduled for auction, are in escrow, or have already been sold as short sales, but the records have not yet been updated. And a few are in the middle of loan modifications. It takes some digging to get an accurate picture of what is really going on out there!

The gross data right now shows troubled homes by neighborhood :
Forest Creek – 14
Indian Hills – 5
Lake Forest Keys – 8
Lakeside Park – 7
Lake Park West – 10
Parkwood Estates – 3
Parkwood Estates 2 – 5
Park Place – 2
Prairie Ridge – 4
Ranchwood – 3
Serrano Ridge – 9
Serrano Woods – 3
The Oaks – 4
The Woods – 5

I’ll work over the data and figure out the actual status on each neighborhood tomorrow!

Here are the updates to the rest of the neighborhoods in Lake Forest II Association.

Indian Hills

Parkwood Estates

Parkwood Estates II

Ranchwood

Park Place

Serrano Woods Condos

Lake Park West

Tomorrow, I will be providing the details & status of the foreclosure market in Lake Forest II.

Call me if you have any questions, or need any advice – I’m right in the neighborhood.

The City of Lake Forest will present the first of two public information sessions tonight at 7:00 pm the Sun & Sail Club regarding the proposed improvements to Jeronimo Road.  Homeowners from the neighborhoods that are bounded by Jeronimo Road are particularly encouraged to attend to find out what is planned, and to let the City know of your concerns.

Last month, I attended a brief overview of this project, along with members of the homeowner association boards from the Lake Forest Keys, and Lake Forest I, but due to time limits, we left with many un-answered questions. 

The main proposal, from what I understand, is to add a landscaped center median to many parts of Jeronimo Road.  This may require that several exits from the neighborhoods adjacent to it (Lake Forest Keys, Lake Park West, and Parkwood Estates II), will become “right-turn-only” and residents will be forced to drive out of their way before being able to make a U-turn at a break in the median.  The impact of that may also cause an increase of vehicles driving on residential streets within these neighborhoods in order to bypass these “right turn only” exits.

Other questions that hopefully will be addressed are :

• Where are the funds coming from to build this?
• Where are the funds to maintain it when it is finished?
• What are the expected benefits of doing this?  (I heard “traffic calming” but don’t know if this refers to a projected reduction of accidents, or just slower cars.)
• Is this road really wide enough to fit a center median?  We currently have 2 lanes on each side, with bike lanes – will we lose the bike lanes, or the sidewalks?

Bring your own questions and join me there tonight!  I’m going to take a drive along Jeronimo right now, so that I can see where it could be improved.

The Woods

Lake Forest Keys

Serrano Ridge

Ranchwood

Lakeside Park

Lake Park West

Indian Hills

Forest Creek

The Oaks

Serrano Woods

Parkwood Estates II

There are currently no listings on the MLS in Prairie Ridge, Parkwood Estates, or Park Place.  You could be the first this year – call me if you are thinking about buying or selling anywhere in Lake Forest.

Don’t miss the next exciting update to this blog – click on the envelope to be notified by email! 

Thanks for visiting!

Sales in Lake Forest II were pretty slow in 2008, with the majority of them being either short sales, or bank owned.  The following reports are all PDFs and include all sales for each neighborhood in 2008.

The Oaks 2008 Sales

Ranchwood Sales 2008

The Woods Sales 2008

Lakeside Park Sales 2008

Lake Forest Keys Sales 2008

Indian Hills Sales 2008

Forest Creek Sales 2008

Serrano Woods Sales 2008

Lake Park West 2008 Sales

Parkwood Estates Sales 2008

Park Place Sales 2008

Prairie Ridge Sales 2008

Serrano Ridge Sales 2008

There were no closed sales in Parkwood Estates II neighborhood in 2008.

There are only 31 active listings in Lake Forest II neighborhoods as of January 6, 2009 :

Forest Creek – 4 actives

Indian Hills – 2 actives

Lake Park West – 1 active

Lakeside Park – 2 actives

Lake Forest Keys – 10 actives

Parkwood Estates 2 – 1 active

Ranchwood – 2 actives

Serrano Ridge – 1 active

The Oaks – 4 actives

The Woods – 3 actives

There are currently no active listings in Serrano Woods Condos, Parkwood Estates, Park Place, or Prairie Ridge.  (If you have been thinking about selling, there is very little competition right now!) 

I decided to update all the neighborhoods in one post today so you can see all the year-to-date activity for each neighborhood.  I am trying out a new report format, so let me know if you like it or not. 

I like this new report because it includes all the photos for each property, and will update itself if the price or status changes.  A new field called “Special Conditions” is under the property description and will tell you if the property is a short sale, or REO listing.  It also shows the $/square foot price of each property which I think may be valuable to the analytical types.  These links will all expire in 30 days, but I will provide all the new reports before then. 

Serrano Woods Condos

The Oaks

Forest Creek

Indian Hills

Lake Park West

Lakeside Park

Park Place

Parkwood Estates

Parkwood Estates 2

Prairie Ridge

Ranchwood Homes

Serrano Ridge

Lake Forest Keys

The Woods