Parkwood Estates II
Parkwood Estates II
Parkwood Estates II is located along Lake Forest Drive, between Toledo Way to the east and Jeronimo Road to the west, directly across the street from the Sun & Sail Club. There are two tract entrances, one at Tama Drive off of Toledo Way, and the other at Anthony Drive off of Jeronimo Road. All streets are publicly owned and maintained by the City of Lake Forest, and all street names within the neighborhood are either male or female given names, i.e., Anthony, Debra, Donna, Jonathan, Sarah, Scott, Rochelle, Tama and Tonia.There are 102 homes in the neighborhood. All are 2-story, with either a 2- 3-car attached garage. There are seven different floor plans, all originally constructed with 4 bedrooms and 3 bathrooms. The floor plans range in size from a low of 2,456 square feet to the largest plan at 3,146 square feet. Due to a large number of cul-de-sacs or street knuckles in the street layout, there is no “typical” lot size, but the vast majority of the lots range between 5,000 – 7,000 square feet.
Estimated average home values for each floor plan (based on Zillow.com, December 2017) range from a low of $797,000 for Plan 1 to a high of $829,000 for Plan 7. The average overall home price in Parkwood Estates II is estimated at $812,000. Homes were constructed in two phases, with Phase 1 (Tract 9430, those homes west of Jonathan Ave) built in 1978, and Phase 2 (Tract 8539) constructed in 1979. The builder was S & S Homes.
All homeowners in Parkwood Estates II pay the basic LF II monthly assessment of $65.50. There is an additional tract operating expense of $3.50 per month added to the basic assessment, for a total monthly fee of $69.00. As with other neighborhoods in LF II that have common area amenities unique to that tract, an additional tract operating assessment is charged to the property in addition to the basic assessment. In the case of Parkwood Estates II, this $3.50/mo assessment is for the maintenance/ repair of the tract perimeter wall along Lake Forest Dr, Toledo Way and Jeronimo Rd. Considering that a large number of mutual benefit corporations (homeowner associations) pay monthly assessments in the hundreds of dollars for amenities far less impressive than what is available here to LF II residents, this is quite a bargain.
Due to the size and value of all the homes within Parkwood Estates II, this would be considered a “move-up” neighborhood, not necessarily designed for first-time buyers, or empty-nesters looking to downsize. However, whoever chooses to live in Parkwood Estates II, they are living in a highly desirable neighborhood. What makes it so appealing? Well, as with the first rule of real estate, it is: location, location, location. Besides being located within a prestigious homeowners’ association with first-class amenities within one of the safest cities in the country, Parkwood Estates II is within easy walking distance to all three levels of school, as well as shopping, Heritage Hill Historic Park, Lake Forest Park, Serrano Creek Community Park, and the LF II Clubhouse. Additionally, for those seeking fellowship, there is a high level of neighborhood camaraderie as evidenced by the annual Halloween block party and the active Neighborhood Watch program.
Of course, the looming question – why the neighborhood name of “Parkwood Estates II.” Well, the answer will be of no surprise, as we have “Parkwood Estates,” a separate neighborhood, built in 1977, located on the northwest corner of Lake Forest Dr and Serrano Road. So why the similar names, you may ask? Again, the answer is what you may have expected – Parkwood Estates is the older sibling of Parkwood Estates II in that both tracts were developed by S&S Homes, using the same floor plans in both.
The most-mentioned neighborhood concern is the large Eucalyptus street tree on the north side of Anthony Dr, near Tonia. This tree is located within the parkway of the street, and its roots are uplifting the sidewalk, curb and asphalt. As a street tree on a public street, it is likely the tree is the responsibility of the City, and neighbors would like to see this matter resolved.
Finally, the Tract Rep Program is intended to facilitate two-way communication between the Association and home owners as a means to enhance local engagement. This is important because no one understands a neighborhood better than the people who live, work and play there. The Tract Rep Chair for Park Place is Bob Holtzclaw. Bob has lived in LF II since 1993, moving into Parkwood Estates II in 1993. He has been involved in the Tract Rep program for over 10 years, the last 6 as the Tract Rep Chair. His hobby is horticulture, and his distinction is the creation of a unique avocado hybrid.
There is always a need for Tract Rep participation among local residents, and Parkwood Estates II is no exception. For those homeowners/ residents in Parkwood Estates II who are interested in becoming involved, please contact Bob Holtzclaw @ lakeforestbob@hotmail. com, or Bruce Cook, the Tract Rep Coordinator for the Association, at email@example.com.