Lakeside Park currently has 10 properties in the active status on the MLS. They range in price from $269,900 to $459,999 and all but the highest priced one are either bank-owned or short sales. The current market will not likely support the high $459K asking price, and if it sells for less, there would not be enough cash in the proceeds to pay off the mortgage balance. Depending on how much other cash the seller has available, this could be another short sale.
There is currently one property in escrow (“backup” status) that is owned by a bank.
Four properties have been taken off the market since the first of the year by either expiring or having the listing cancelled.
Click here for the latest market activity for Lakeside Park in Lake Forest California.
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