RENTED JUN 20, 2025

459 Palermo Lake Forest, CA 92630

Estimated Value: $1,131,000 - $1,272,599

4 Beds
3.5 Baths
2,001 Sq Ft
1,999 Sq Ft Lot

Highlights

  • New Construction
  • Spa
  • Open Floorplan
  • Rancho Canada Elementary School Rated A-
  • City Lights View
  • Dual Staircase

About This Home

As of June 2025

City and Mountain View home and End unit of Covera Plan 3 at Serrano Summit Lake forest. 4 bedrooms and 3.5 bathrooms located at End unit with 2 bay garage and additional capacity for storage. A patio yard including and takes you to the first floor which has One suite room downstairs perfect for the guest, master room and two kids room at top floor, you can see the view from the living room , dining room and kitchen which located at second floor. Located at Serrano Summit community features a club house including indoor study center, outdoor swimming pool, BBQ area and quiet reading area and party room. Uniquely located in the heart of the Lake forest Financial District, this beautiful three-level condo is just minutes away from Irvine Spectrum Center, UCI, and foothill shopping plazas. The best choice for students and people working close by. Home is a free-flowing living area featuring a open great room, dining room, outdoor deck, and gourmet kitchen with modern white shaker cabinets along with stainless steel appliances, and a gourmet quartz counter top center island. Upgraded wood flooring all over the house. The master suites has its' own luxurious master bathroom and large walk-in closet. You can see the view of city of Irvine and Lake forest from all three levels. Welcome to Lake forest brand new Resort-Style community, Serrano Summit!

Last Agent to Rent the Property

Xiaolin Sun

Universal Elite Inc. Brokerage Phone: 949-247-1842 License #01966998 Listed on: 06/14/2025

Universal Elite Inc.

Co-Listed By

Yi Dai

Universal Elite Inc. Brokerage Phone: 949-247-1842 License #02202763

Last Renter's Agent

Xiaolin Sun

Universal Elite Inc. Brokerage Phone: 949-247-1842 License #01966998 Listed on: 06/14/2025

Universal Elite Inc.

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2021 | New Construction

Lot Details

  • End Unit
  • 1 Common Wall
  • Brick Fence
  • Landscaped
  • Front Yard

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Driveway

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 2,001 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dual Staircase
  • Recessed Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • Living Room
  • City Lights Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Bathtub

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

Outdoor Features

  • Spa
  • Brick Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Security Deposit $4,850
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 6/14/25
  • Tax Lot 62
  • Tax Tract Number 6262
  • Assessor Parcel Number 93910368

Community Details

Overview

  • Property has a Home Owners Association
  • $100 HOA Transfer Fee
  • 381 Units
  • Built by Toll Brothers

Amenities

  • Community Barbecue Grill

Recreation

  • Sport Court
  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $1,000

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Year Built

Built in 2021 | New Construction

Lot Details

1,999 Sq Ft Lot

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2025-06-14
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1000
  • Deposit Security: 4850
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fees: 100.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Inclusions: Refrigerator , Washer and Dryer
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Magnolias at Meadows
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93910368
  • Year Built: 2021
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2001.00 Square Feet
  • Interior Amenities: 2 Staircases, Open Floorplan, Quartz Counters, Recessed Lighting
  • Stories: 3
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: In Kitchen
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.42
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Association, Community
  • Window Features: Custom Covering, Double Pane Windows
  • Bathroom Features: Bathtub

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: City Lights
  • Fence: Yes
  • Fencing: Brick
  • Builder Name: Toll Brothers
  • Patio And Porch Features: Brick
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Sport Court
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 2001.00
  • Lot Size Acres: 0.0459

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months, 24 Months
  • Lot Size Area: 2001.0000 Square Feet
  • Number Of Units In Community: 381
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Lot: 62
  • Tax Tract Number: 6262

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Bao Jianmei
Bought by
S & D Fortune Llc
Current Estimated Value
$1,227,400

Purchase Details

Listed on
Oct 22, 2021
Closed on
Sep 8, 2021
Sold by
Lennar Homes Of California Inc
Bought by
Bao Jianmei
Seller's Agent
Yiming Yu
Realty One Group West
Buyer's Agent
Yiming Yu
Realty One Group West
Sold Price
$4,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,994
Interest Rate
3.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
S & D Fortune Llc $1,148,500 Fidelity National Title
Bao Jianmei $935,000 Simplifile
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bao Jianmei $560,994
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2025 06/20/25 Rented $4,850 0.0% --
06/17/2025 06/17/25 Off Market $4,850 -- --
06/14/2025 06/14/25 For Rent $4,850 +12.8% --
11/01/2021 11/01/21 Rented $4,300 -4.4% --
10/30/2021 10/30/21 Under Contract -- -- --
10/22/2021 10/22/21 For Rent $4,500 -- --
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 $12,405 $1,194,587 $714,124 $480,463
2024 $12,405 $1,171,164 $700,121 $471,043
2023 $9,981 $953,689 $545,960 $407,729
2022 $9,873 $934,990 $535,255 $399,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25132523

California Regional Multiple Listing Service (CRMLS)

APN: 939-103-68

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