Seller's Agent in 2021
Cindi Karamzadeh
Compass
(949) 423-3893
1 in this area
38 Total Sales
421 Palermo Lake Forest, CA 92630
Estimated Value: $1,142,000 - $1,440,000
4
Beds
3.5
Baths
2,001
Sq Ft
$417/mo
HOA Fee
Highlights
- Spa
- No Units Above
- City Lights View
- Rancho Canada Elementary School Rated A-
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of November 2021Welcome to the newly constructed community of Serrano Summit, built by LENNAR. Here is your chance to purchase the largest home in the Covera collection - and the only floorplan with four bedrooms. What sets this home apart is the unobstructed views from the main level and prime corner location! Upon entering you will find one bedroom and bathroom are conveniently located on the first level, while the second floor showcases an open concept kitchen, dining and living areas with balcony. The well designed kitchen includes a vast amount of storage and top of the line GE appliances- an oven complete with an air frying feature! On the top level are three additional bedrooms including a spacious master suite and laundry room. No details were missed with the quality of finishes and thoughtful design. Enjoy all of the resort-style amenities that Serrano Summit has to offer, including a state-of-the-art, beautifully designed clubhouse, pool, multiple areas for entertaining, pickle ball courts, playground and breathtaking views of Orange County. This community has NO Mello-Roos, top rated schools and coveted location.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,632
Year Built
- Built in 2020
Lot Details
- No Units Above
- End Unit
- No Units Located Below
- 1 Common Wall
HOA Fees
Parking
- 2 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Garage Door Opener
Property Views
- City Lights
- Neighborhood
Home Design
- Modern Architecture
- Turnkey
- Planned Development
- Tile Roof
Interior Spaces
- 2,001 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Dual Staircase
- Built-In Features
- High Ceiling
- Recessed Lighting
- Double Pane Windows
- Drapes & Rods
- Blinds
- Entryway
- Great Room
- Family Room Off Kitchen
- Living Room
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Gas Cooktop
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- Kitchen Island
- Granite Countertops
- Built-In Trash or Recycling Cabinet
- Self-Closing Drawers and Cabinet Doors
- Disposal
- Instant Hot Water
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Upgraded Bathroom
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Bathtub with Shower
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Home Security
Outdoor Features
- Spa
- Living Room Balcony
- Patio
- Rain Gutters
- Front Porch
Schools
- Cordillera Elementary School
- El Toro High School
Utilities
- Whole House Fan
- Central Heating and Cooling System
- Tankless Water Heater
Listing and Financial Details
- Legal Lot and Block 81 / 1
- Tax Tract Number 18189
- Assessor Parcel Number 93910320
Community Details
Overview
- 111 Units
- Serrano Summit Association, Phone Number (949) 855-1800
- Arieta & Covera Association
- Seabreeze Managment HOA
- Built by LENNAR
- Covera 3A
- Maintained Community
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Banquet Facilities
Recreation
- Pickleball Courts
- Sport Court
- Community Playground
- Community Pool
- Community Spa
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2021
Closed on
Nov 8, 2021
Sold by
Frey Alvin Warren and Frey Laura Lynn
Bought by
Chen Lei and Zhu Min
Seller's Agent
Cindi Karamzadeh
Compass
Buyer's Agent
Kathy Wang
Pinnacle Real Estate Group
List Price
$979,000
Sold Price
$965,000
Premium/Discount to List
-$14,000
-1.43%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,802
Avg. Annual Appreciation
7.41%
Purchase Details
Closed on
Oct 30, 2020
Sold by
Lennar Homes Of California Inc
Bought by
Frey Alvin Warren and Frey Laura Lynn
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Lei | $965,000 | First American Title | |
| Frey Alvin Warren | $783,000 | Calatlantic Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2021 11/22/21 | Sold | $965,000 | -1.4% | $482 / Sq Ft |
| 10/21/2021 10/21/21 | Pending | -- | -- | -- |
| 10/14/2021 10/14/21 | For Sale | $979,000 | -- | $489 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,632 | $1,024,065 | $601,847 | $422,218 |
| 2024 | $10,632 | $1,003,986 | $590,046 | $413,940 |
| 2023 | $10,382 | $984,300 | $578,476 | $405,824 |
| 2022 | $10,197 | $965,000 | $567,133 | $397,867 |
| 2021 | $8,240 | $782,990 | $392,228 | $390,762 |
Source: Public Records
Agents Affiliated with this Home
-
Cindi Karamzadeh
-
Kathy Wang
K
Buyer's Agent in 2021
Kathy Wang
Pinnacle Real Estate Group
(626) 272-7582
8 in this area
78 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21226967
APN: 939-103-20
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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