RENTED APR 28, 2025

441 Palermo Lake Forest, CA 92630

Estimated Value: $1,081,000 - $1,203,000

3 Beds
3.5 Baths
1,703 Sq Ft
6.36 Acres

Last Sold February 28, 2025

Last sale price $1,160,000 $681 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,502/month

Highlights

  • Spa
  • 6.36 Acre Lot
  • Neighborhood Views
  • Rancho Canada Elementary School Rated A-
  • Clubhouse
  • Community Pool

About This Home

As of April 2025

Get ready to be captivated by this stunning 2021 condo unit! It is nestled in the original resort style community of Covera in Serrano Summit. Bathed in natural light, this luxurious three-story home encompasses approximately 1,703 square feet and offers the perfect blend of elegance and modern comfort. Featuring three bedrooms, three full baths and one half bath, the home's thoughtfully designed floor plan is complemented by designer upgrades including premium floor tile, plush upgraded carpet backing, blinds, custom closets and recessed lighting. The gourmet kitchen is a culinary masterpiece with top-of-the-line stainless steel appliances, neutral granite countertops, custom tile backsplash, soft-close drawers and cabinets, creating the ideal space for dining and entertaining. The spacious great room surrounded by windows is the perfect place to relax, while the sunny balcony is the perfect spot to soak up the rays. There is one bedroom on the main level and two en-suite bedrooms upstairs, including the luxurious master suite. The master suite boasts a spa-like bathroom with dual sinks, quartz countertops, an oversized walk-in shower and handcrafted tile floors, as well as a spacious custom walk-in closet. Other highlights include a state-of-the-art air conditioning system and a two-car garage. The outdoor space is ideal for al fresco dining and entertaining and complements the luxurious indoor amenities. This unparalleled home is just steps away from the community's resort-style amenities, which include the Summit Club, pool and spa, two outdoor kitchens, barbecue grills, poolside cabanas, multi-purpose meeting space, bocce ball court, basketball court and multiple picnic areas. Don't miss this rare opportunity to enjoy unrivaled convenience and a comfortable lifestyle!

Last Agent to Rent the Property

Xiao Ruan

World Realty & Investments Brokerage Email: ruan.jasmine.realtor@gmail.com License #01943201 Listed on: 03/26/2025

Last Renter's Agent

Xiao Ruan

World Realty & Investments Brokerage Email: ruan.jasmine.realtor@gmail.com License #01943201 Listed on: 03/26/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2021

Lot Details

  • Two or More Common Walls

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,703 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Living Room
  • Library
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Balcony

Schools

  • Melinda Heights Elementary School
  • Serrano Intermediate
  • El Toro High School

Utilities

  • Central Heating and Cooling System
  • No Utilities
  • Tankless Water Heater
  • Water Purifier
  • Water Softener

Listing and Financial Details

  • Security Deposit $4,300
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 3/25/25
  • Tax Lot 1
  • Tax Tract Number 18189
  • Assessor Parcel Number 93910341

Community Details

Overview

  • Property has a Home Owners Association
  • 100 Units
  • Serrano Summit Association
  • Covera Association
  • Rancho Alisos Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Pickleball Courts
  • Sport Court
  • Community Pool
  • Community Spa
  • Park
  • Dog Park

Pet Policy

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

Condo Details

Home Type

Condominium

Year Built

Built in 2021

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-03-25
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 150
  • Deposit Pets: 500
  • Deposit Security: 4300
  • Furnished: Partially
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • Subdivision Name Other: Rancho Alisos (RAL)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93910341
  • Year Built: 2021
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1703.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.52
  • Room Type: Kitchen, Laundry, Library, Living Room
  • Spa Features: Community
  • Bathroom Features: Bathtub

Exterior Features

  • View: Neighborhood
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave, Refrigerator, Tankless Water Heater, Water Purifier, Water Softener
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: COVERA
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Barbecue, Dog Park, Sport Court, Clubhouse
  • Association Name: SERRANO SUMMIT
  • Senior Community: No
  • Community Features: Park, Sidewalks

Schools

  • Elementary School: Melinda Heights
  • High School: El Toro
  • Middle Or Junior School: Serrano Intermediate
  • Elementary School #2: MELHEI
  • High School2: ELTOR

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 276994.00
  • Lot Size Acres: 6.3589

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 276994.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Census Tract: 524.25
  • Tax Lot: 1
  • Tax Tract Number: 18189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2024
Closed on
Feb 12, 2025
Sold by
Gu Yijing
Bought by
Zhang Dong and Jia Naixin
Seller's Agent
Kathy Wang
Wetrust Realty
Buyer's Agent
Kathy Wang
Wetrust Realty
List Price
$1,260,000
Sold Price
$1,160,000
Premium/Discount to List
-$100,000
-7.94%
Views
57
Current Estimated Value
$1,121,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,461
Avg. Annual Appreciation
-3.52%

Purchase Details

Closed on
May 5, 2021
Sold by
Lennar Homes Of California Inc
Bought by
Gu Yijing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2021
Sold by
Wang Rong
Bought by
Gu Yijing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zhang Dong $1,160,000 Fidelity National Title
Gu Yijing $713,000 New Title Company Name
Gu Yijing -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gu Yijing $499,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2025 04/28/25 Rented $4,300 0.0% --
03/26/2025 03/26/25 For Rent $4,300 0.0% --
02/28/2025 02/28/25 Sold $1,160,000 -2.4% $681 / Sq Ft View Prior Sale
01/23/2025 01/23/25 Price Changed $1,188,800 -3.3% $698 / Sq Ft
10/11/2024 10/11/24 Price Changed $1,230,000 -2.4% $722 / Sq Ft
08/17/2024 08/17/24 For Sale $1,260,000 -- $740 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,989 $771,760 $396,919 $374,841
2024 $7,989 $756,628 $389,136 $367,492
2023 $7,801 $741,793 $381,506 $360,287
2022 $7,662 $727,249 $374,026 $353,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25065661

California Regional Multiple Listing Service (CRMLS)

APN: 939-103-41