$1,078,000 - $1,139,956
RENTED MAR 12, 2025

426 Palermo Lake Forest, CA 92630

3 Beds
3.5 Baths
1,670 Sq Ft
2021 Built

Last Sold December 16, 2021

Last sale price $860,000 $515 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,812/month

Highlights

  • Fitness Center
  • Spa
  • Mountain View
  • Rancho Canada Elementary School Rated A-
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of March 2025

Nestled in the scenic community of Serrano Summit in Lake Forest, this stunning 3-bedroom, 3.5-bath home is MOVE IN READY! Savor your sunny open kitchen featuring a large entertaining island with slab countertops, stainless steel professional series range and hood, beautiful white shaker cabinets with quiet close cabinetry, beautiful designer tile backsplash with a patio off the kitchen to enjoy your morning coffee. The spacious sunny great room features light wood flooring, high ceilings and lots of natural light. First Floor enjoys one full size bedroom and spacious full bath. Third floor features the primary spacious bedroom with gorgeous walk-in spa like shower, dual vanity sinks, walk in closet and more! The third bedroom enjoys an en-suite full bathroom. Attached 2 car garage with epoxy floors. Enjoy all resort style pool and amenities with the Summit Club Clubhouse featuring recreation rooms, outdoor BBQ's, fireplaces with views to the Ocean, Enjoy large swimming pool, several parks and playgrounds.

Last Agent to Rent the Property

Lisa Zhou

Legacy Capital Investment Group Brokerage Phone: 949.656.5518 License #01924981 Listed on: 03/03/2025

Last Renter's Agent

Mark Priegel

Keller Williams Realty License #01336413

Keller Williams Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,479

Year Built

  • Built in 2021

Lot Details

  • Two or More Common Walls

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,670 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Blinds
  • Entryway
  • Living Room
  • Dining Room

Kitchen

  • Convection Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Humidity Controlled

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Spa
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • No Utilities

Listing and Financial Details

  • Security Deposit $4,300
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 3/3/25
  • Tax Lot 1
  • Tax Tract Number 18189
  • Assessor Parcel Number 61069147

Community Details

Overview

  • Property has a Home Owners Association
  • 111 Units
  • Built by Lennar
  • Serrano Park Iii Subdivision
  • Mountainous Community

Amenities

  • Community Barbecue Grill

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$9,479

Year Built

Built in 2021

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2025-03-03
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 200
  • Deposit Pets: 500
  • Deposit Security: 4300
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Inclusions: Refrigerator
  • Property Attached: Yes
  • Subdivision Name Other: Serrano Park III (SP3)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 61069147
  • Year Built: 2021
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1670.00 Square Feet
  • Interior Amenities: Open Floorplan, Pantry
  • Stories: 3
  • Entry Location: Front door
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.63
  • Room Type: Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Association, Community
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Primary Bath, Humidity Controlled, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Quartz Counters

Exterior Features

  • View: Mountain(s), Neighborhood
  • Builder Name: Lennar
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Freezer, Disposal, Gas Cooktop, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Gym/Ex Room
  • Senior Community: No
  • Community Features: Park, Mountainous, Sidewalks, Street Lights

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Additional Parcels: No
  • Latitude Manual: 33.66083500

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Number Of Units In Community: 111
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 18189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2021
Closed on
Dec 14, 2021
Sold by
Nri Relocation Inc
Bought by
Dk Burford-Hung Family Trust and Hung Family Trust
Seller's Agent
Lisa Zhou
Legacy Capital Investment Group
Buyer's Agent
Lisa Zhou
Legacy Capital Investment Group
Sold Price
$3,700
Current Estimated Value
$1,107,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,103,539
Avg. Annual Appreciation
7.07%
Original Mortgage
$511,000
Outstanding Balance
$471,791
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$635,448
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dk Burford-Hung Family Trust $860,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dk Burford-Hung Family Trust $511,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Rented $4,400 +2.3% --
03/11/2025 03/11/25 Under Contract -- -- --
03/03/2025 03/03/25 For Rent $4,300 +7.5% --
01/23/2024 01/23/24 Rented $4,000 0.0% --
01/22/2024 01/22/24 Under Contract -- -- --
01/18/2024 01/18/24 Price Changed $4,000 -2.4% $2 / Sq Ft
01/06/2024 01/06/24 For Rent $4,100 +10.8% --
01/03/2022 01/03/22 Rented $3,700 0.0% --
12/30/2021 12/30/21 Under Contract -- -- --
12/19/2021 12/19/21 For Rent $3,700 0.0% --
12/16/2021 12/16/21 Sold $860,000 -1.7% $515 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/11/2021 09/11/21 For Sale $875,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $9,479 $912,638 $541,616 $371,022
2024 $9,479 $894,744 $530,996 $363,748
2023 $9,257 $877,200 $520,584 $356,616
2022 $9,092 $860,000 $510,376 $349,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25046233

California Regional Multiple Listing Service (CRMLS)

APN: 939-103-52