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17 Rue Fontaine — Lake Forest — 3 Beds • 3 Baths • 1,232 Sq Ft | Belmont Brokerage

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$875,000

$710/ft²

17 Rue Fontaine, Lake Forest, CA 92610

Property Description

Welcome to this newly renovated, vacant home located in the beautiful Brittany development of Foothill Ranch. Due to limited number of units in this secluded and quiet area of South Orange County, it is not very often that a property like this one is found to be available for sale in the market. However, due to unfortunate, unforeseen event that occurred in the family, the owner has decided to sell the property with the intention of relocating out of state once it is sold. This home has been practically fully refurbished and ready for occupancy. This property has 3 bedrooms upstairs with living room, dining room, kitchen and powder room downstairs. Upstairs bedrooms include the master bedroom with master bathroom, toilet and walk-in closet, 2 other bedrooms with a shared full bathroom and toilet by the hallway. Also located downstairs is a 2-car attached garage and a patio not too large to speak of, but big enough to entertain some guests whenever necessary. Owner is eager to sell and maybe open to negotiate for a reasonable offer with a qualified, and equally eager buyer.

Listing provided by: Francis EstarisDRE #01272822949-753-7888 festaris@yahoo.com, HomeSmart, Evergreen Realty

MLS #: OC26160438

FLIP & EXPANSION SIMULATORJACKPOT FLIP

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$118K

+25.4% ROI

Rehab + Add$226K

Est. ARV$1284K

Est. Profit+$118K

Proj. ROI25%

Sqft to Add (Expansion / ADU)+300 sqft (1,532 total sf)

Remodel Rate (Existing Space)$140/sqft ($172K total)

New Build Rate (Addition / ADU)$180/sqft ($54K total)

Purchase Price:$875,000

Remodel (1232 sf @ $140/sf):$172,480

Addition (+300 sf @ $180/sf):$54,000

Est. Closing, Holding & Fees (~5%):$64,191

Target ARV (1532 sf @ $838/sf):$1,283,816

Est. Net Profit:$118,145

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17 Rue Fontaine, Lake Forest, CA 92610

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$875,000

17 Rue Fontaine, Lake Forest, CA 92610

Property Description

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