$823,560 - $1,054,000
RENTED JAN 15, 2025

470 Palermo Way La Habra, CA 90631

3 Beds
3.5 Baths
1,812 Sq Ft
6,299 Sq Ft Lot

Highlights

  • New Construction
  • Spa
  • City Lights View
  • Sonora High School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of January 2025

Enjoy City and Mountain Views from this Newer, End unit Town Home. This Covera Plan 2, Serrano Summit home features 3 bedrooms and 3.5 baths. With a spacious 2 bay, attached garage, feel safe and secure as you enter directly into your home. A first and second level patio/deck allow you to enjoy the Panoramic Views from this unit. The first floor has an en suite bedroom, perfect for an office, guestroom, or 3rd bedroom. The second level is a free-flowing living area featuring an open great room, dining room, outdoor deck, and gourmet kitchen with modern shaker cabinets along with stainless steel appliances, and a gourmet granite counter top center island. The high ceilings, windows, views and deck give a "loft" feel to this spacious living area. The master suites has its' own luxurious master bathroom, large walk-in closet and views from every window. The second, third floor bedroom is also en suite. Located in the Serrano Summit community, amenities include a swimming pool, pickle ball courts, club house, BBQ area, quiet reading room and party rooms. 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. You can see the view of city of Irvine and Lake forest from all three levels. Welcome to Lake Forest's Resort-Style community, Serrano Summit!

Last Agent to Rent the Property

Julie Shafii

Surterre Properties Inc. Brokerage Phone: 714-317-3874 License #01963052 Listed on: 07/28/2024

Surterre Properties Inc.

Last Renter's Agent

Julie Shafii

Surterre Properties Inc. Brokerage Phone: 714-317-3874 License #01963052 Listed on: 07/28/2024

Surterre Properties Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,986

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1 Common Wall
  • Fenced
  • Stucco Fence

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall

Interior Spaces

  • 1,812 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Entryway
  • Great Room
  • Living Room with Attached Deck
  • Smart Home

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Granite Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Spa
  • Suburban Location

Listing and Financial Details

  • Security Deposit $4,450
  • 12-Month Minimum Lease Term
  • Available 7/1/24
  • Tax Lot 25
  • Tax Tract Number 3384
  • Assessor Parcel Number 93910386

Community Details

Overview

  • Property has a Home Owners Association
  • 135 Units
  • Serran Summit Community Association, Phone Number (949) 855-1800
  • Arieta & Covera Neighborhood Association, Phone Number (949) 855-1800
  • Sea Breeze HOA
  • Built by Lennar
  • Serrano Park III Subdivision
  • Valley

Amenities

  • Clubhouse

Recreation

  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Dog Park
  • Bike Trail

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,986

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-07-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 4450
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Rated Drywall, Fire Sprinkler System
  • Subdivision Name Other: Serrano Park III (SP3)
  • View: Yes
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93910386
  • Year Built: 2021
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1812.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Home Automation System, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.43
  • Room Type: Entry, Great Room, Kitchen, Laundry, Living Room, Primary Suite
  • Spa Features: Association
  • Bathroom Features: Shower In Tub, Double Sinks In Primary Bath, Quartz Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Foundation: Slab
  • View: City Lights, Hills, Neighborhood
  • Fence: Yes
  • Fencing: Stucco Wall
  • Builder Name: Lennar
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Cooktop, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Arieta & Covera Neighborhood
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Dog Park, Clubhouse
  • Association Name: Serran Summit Community Association
  • Phone: 949-855-1800
  • Association Phone #2: 949-855-1800
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Sidewalks, Suburban, Valley
  • Association Management: Sea Breeze

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6300.00
  • Lot Size Acres: 0.1446

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6300.0000 Square Feet
  • Management Co: Seabreeze
  • Management Co Phone: 800-232-7517
  • Number Of Units In Community: 135
  • Number Of Units Total: 135

Tax Info

  • Tax Census Tract: 14.03
  • Tax Lot: 25
  • Tax Tract Number: 3384

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Lennar Homes Of California Inc
Bought by
Shafii Nader and Shafii Julie A
Current Estimated Value
$919,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1993
Sold by
Chow Keith
Bought by
Harlow James and Harlow Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,685
Interest Rate
7.16%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Shafii Nader $925,000 Linear Title & Closing
Harlow James $147,500 Gateway Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shafii Nader $408,000
Previous Owner Harlow James $143,685
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Rented $4,400 -1.1% --
07/28/2024 07/28/24 For Rent $4,450 +4.7% --
02/11/2022 02/11/22 Rented $4,250 0.0% --
12/09/2021 12/09/21 For Rent $4,250 -- --
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 $2,986 $250,693 $171,614 $79,079
2024 $2,986 $245,778 $168,249 $77,529
2023 $2,914 $240,959 $164,950 $76,009
2022 $2,879 $236,235 $161,716 $74,519
2021 $2,831 $231,603 $158,545 $73,058
2020 $2,804 $229,229 $156,920 $72,309
2019 $2,730 $224,735 $153,843 $70,892
2018 $2,683 $220,329 $150,827 $69,502
2017 $2,635 $216,009 $147,869 $68,140
2016 $2,573 $211,774 $144,970 $66,804
2015 $2,501 $208,593 $142,792 $65,801
2014 $2,427 $204,507 $139,994 $64,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24154733

California Regional Multiple Listing Service (CRMLS)

APN: 303-274-26