$1,098,000
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

457 Palermo Lake Forest, CA 92630

Estimated payment $6,970/month

Total Views 3,080
4 Beds
3.5 Baths
2,020 Sq Ft
$544 Price per Sq Ft

Highlights

  • Spa
  • No Units Above
  • 6.36 Acre Lot
  • Rancho Canada Elementary School Rated A-
  • City Lights View
  • Clubhouse

About This Home

Well below market price! View from the deck!! City and Mountain View home and total privacy End unit of Covera Plan 3 at Newer community of Serrano Summit in Lake forest. Very Light and Bright newer Lennar all including Home with 4 bedrooms and 3.5 bathrooms located at End unit with Extra large garage, front patio yard including. One bedroom with full bath is on the first floor and can be used as a Guest Room or Office. Second floor features open floor plan, beautiful kitchen with upgraded self-closed cabinets, and stainless-steel appliances, a granite counter tops and a large deck from the spacious living room. Master suite with large bathroom and large walk-in-closet and Two secondary bedrooms with spacious bath are on the third floor. Custom design upgraded window coverings throughout, Laminated wood floor, Recessed lights. All rooms are filled with plenty of natural light. The community offers swimming pools and clubhouse is featured with cabanas, BBQs, fire pits, an event space, and pickle ball courts. 10-minute drive to Irvine Spectrum, 20-minute to Laguna Beach, UC Irvine, and John Wayne airport. Very convenient distance shopping center, banks, restaurants, movie theater, and 241 toll road. Welcome to Lake forest brand new Resort-Style community, Serrano Summit! Must See!

Listing Agent

Katherine Han

Coldwell Banker Best Realty Brokerage Email: katherinehan@socalbest.com License #01276625 Listed on: 03/27/2025

Coldwell Banker Best Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,509

Year Built

  • Built in 2021

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Southwest Facing Home

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Parking Available

Property Views

  • City Lights
  • Woods
  • Mountain

Home Design

  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,020 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Blinds
  • Great Room
  • Living Room with Attached Deck
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Bathroom on Main Level
  • Dual Sinks
  • Walk-in Shower
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

Outdoor Features

  • Spa
  • Patio
  • Front Porch

Schools

  • El Toro High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 18189
  • Assessor Parcel Number 93910369
  • $30,178 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 602 Units
  • Covera Association, Phone Number (800) 232-7517
  • Seabreeze Association, Phone Number (800) 232-7517

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,509

Year Built

Built in 2021

Lot Details

0

HOA Fees

$391 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer and dryer combination style, Refrigerator, TV stand in the living room.
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Covera
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93910369
  • Year Built: 2021
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2020.00 Square Feet
  • Interior Amenities: Granite Counters, Living Room Deck Attached, Recessed Lighting
  • Stories: 3
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, In Living Room
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 543.56
  • Room Type: Great Room, Main Floor Bedroom
  • Spa Features: Association
  • Window Features: Blinds
  • Bathroom Features: Shower, Closet In Bathroom, Double Sinks In Bath(s), Main Floor Full Bath
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • View: City Lights, Mountain(s), Trees/Woods
  • Patio And Porch Features: Front Porch
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Oversized
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Serrano
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Clubhouse
  • Association Fee: 177.75
  • Association #2 Fee: 213.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Covera
  • Phone: 800-232-7517
  • Association Phone #2: 800-232-7517
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: Seabreeze
  • Association Management 2: Seabreeze

Schools

  • High School: El Toro
  • High School2: ELTOR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 276994.00
  • Lot Size Acres: 6.3589
  • Latitude Manual: 33.66066200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 276994.0000 Square Feet
  • Number Of Units In Community: 602
  • Number Of Units Total: 602

Tax Info

  • Tax Census Tract: 524.25
  • Tax Lot: 1
  • Tax Tract Number: 18189
  • TaxOtherAnnualAssessmentAmount: 30178.00

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





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 $9,509 $917,932 $493,732 $424,200
2024 $9,509 $899,934 $484,051 $415,883
2023 $9,286 $882,289 $474,560 $407,729
2022 $9,120 $864,990 $465,255 $399,735
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $1,098,000 0.0% $544 / Sq Ft
03/30/2025 03/30/25 Off Market $1,098,000 -- --
03/27/2025 03/27/25 For Sale $1,098,000 0.0% $544 / Sq Ft
12/01/2022 12/01/22 Rented $4,350 0.0% --
11/20/2022 11/20/22 Off Market $4,350 -- --
11/20/2022 11/20/22 Under Contract -- -- --
11/04/2022 11/04/22 Price Changed $4,350 -2.2% $2 / Sq Ft
10/12/2022 10/12/22 Price Changed $4,450 -1.1% $2 / Sq Ft
10/05/2022 10/05/22 Price Changed $4,500 -4.3% $2 / Sq Ft
09/28/2022 09/28/22 For Rent $4,700 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $865,000 Simplifile
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $821,740 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25066840

California Regional Multiple Listing Service (CRMLS)

APN: 939-103-69