NOT LISTED FOR SALE

557 Serrano Summit Dr Lake Forest, CA 92630

Estimated Value: $1,976,550 - $2,462,000

4 Beds
3 Baths
2,656 Sq Ft
$804/Sq Ft Est. Value

Last Sold March 21, 2023

Last sale price $1,729,000 $651 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $12,920/month

28 Days on Market

Highlights

  • New Construction
  • Spa
  • Clubhouse
  • Rancho Canada Elementary School Rated A-
  • Panoramic View
  • Loft

About This Home

As of March 2023

Serrano Summit Plan 1. Amara on a premium location. 4 Bedrooms plus loft with large family room. No Mello Roos! This two-story home features a first-floor bedroom that provides flexibility, while the modern kitchen opens to the living area and expands to the stylish covered California Room. Upstairs is a bonus room and more bedrooms, including the owner’s suite with a covered deck. Homeowners will be able to enjoy all of the resort-style amenities that Serrano Summit has to offer, including a clubhouse, pool and playgrounds. Set in the city of Lake Forest, CA, this community enjoys no Mello-Roos and a coveted Orange County location close to major freeways.

Last Agent to Sell the Property

Cesi Pagano

Keller Williams Realty License #01043716 Listed on: 01/03/2023

Keller Williams Realty

Last Buyer's Agent

Lillian Wang

JC Pacific Corp License #01778156

JC Pacific Corp

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 3,803 Sq Ft Lot
  • Front Yard Sprinklers

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Panoramic
  • Neighborhood

Home Design

  • Planned Development

Interior Spaces

  • 2,656 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Loft

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Laundry

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

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Rain Gutters

Schools

  • Rancho Canada Elementary School
  • El Toro High School

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • High Efficiency Heating System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 18162

Community Details

Overview

  • Serrano Summit Association, Phone Number (949) 672-9203
  • Seabreeze Mgmt. HOA
  • Built by Lennar
  • Plan 1A

Amenities

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

Recreation

  • Pickleball Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$215 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Amara at Serrano Summit
  • View: Yes
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 2656.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 650.98
  • Room Type: Kitchen, Living Room, Loft
  • Spa Features: Association, Community

Exterior Features

  • View: Neighborhood, Panoramic
  • 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: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: High Efficiency
  • Laundry Features: Gas Dryer Hookup, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Fire Pit, Barbecue, Picnic Area, Playground, Clubhouse
  • Association Fee: 215.00
  • Association Fee Frequency: Monthly
  • Association Name: Serrano Summit
  • Phone: 949-672-9203
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Gutters, Park, Sidewalks
  • Association Management: Seabreeze Mgmt.

Schools

  • Elementary School: Rancho Canada
  • High School: El Toro
  • Middle Or Junior School: Serrano
  • Elementary School #2: RANCAN
  • High School2: ELTOR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 3803.00
  • Lot Size Acres: 0.0873
  • Latitude Manual: 33.65909200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3803.0000 Square Feet
  • Number Of Units In Community: 101
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 18162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Mar 3, 2023
Sold by
Lennar Homes Of California Inc
Bought by
Lu Xiaofen
Seller's Agent
Cesi Pagano
Keller Williams Realty
Buyer's Agent
Lillian Wang
JC Pacific Corp
List Price
$1,839,990
Sold Price
$1,729,000
Premium/Discount to List
-$110,990
-6.03%
Views
71
Current Estimated Value
$2,135,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,888
Avg. Annual Appreciation
7.93%
Original Mortgage
$1,037,400
Outstanding Balance
$1,005,528
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,130,360

Purchase Details

Listed on
Jan 3, 2023
Closed on
Feb 8, 2023
Sold by
Liang Chih Hsiang
Bought by
Lu Olt Xiaofen
Seller's Agent
Cesi Pagano
Keller Williams Realty
Buyer's Agent
Lillian Wang
JC Pacific Corp
List Price
$1,839,990
Sold Price
$1,729,000
Premium/Discount to List
-$110,990
-6.03%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,037,400
Outstanding Balance
$1,005,528
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,130,360
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
Lu Xiaofen $1,729,000 Simplifile
Lu Olt Xiaofen -- Lennar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Xiaofen $1,037,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2023 03/21/23 Sold $1,729,000 -3.9% $651 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/09/2023 01/09/23 Price Changed $1,799,990 -2.2% $678 / Sq Ft
01/03/2023 01/03/23 For Sale $1,839,990 -- $693 / 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 $18,565 $1,798,851 $994,042 $804,809
2024 $18,565 $1,763,580 $974,551 $789,029
2023 $10,944 $1,047,427 $399,032 $648,395
2022 $4,222 $391,208 $391,208 $0
2021 $4,138 $383,538 $383,538 $0
2020 $3,982 $368,557 $368,557 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23000787

California Regional Multiple Listing Service (CRMLS)

APN: 610-721-08