20921 Serrano Creek Road 55, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 1 bath
20921 Serrano Creek Road 55
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 20921 Serrano Creek Road 55, Lake Forest, California 92630 is currently available with a list price of $529,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in turnkey condition following a recent extensive renovation that includes brand new flooring, fresh paint, and modern finishes throughout. The kitchen has been fully remodeled with updated cabinetry and counters, and the home is described as move-in ready with no deferred maintenance. Although the structure dates to 1982, the interior quality meets the criteria for a recently renovated property within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property is move-in ready, featuring brand new flooring, fresh paint, and modern finishes throughout, which appeals to buyers looking to avoid immediate renovation costs.
- Prime Ground-Level Location
As a ground-level unit with a private patio overlooking a lush green belt and woods, the home offers both easy accessibility and a serene, private outdoor space.
- Updated Kitchen & Layout
The remodeled kitchen provides ample storage and a seamless flow into the bright living area, maximizing the functionality of the 884-square-foot floor plan.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With two bedrooms but only one bathroom, the layout may present a challenge for multi-occupant households or those hosting guests.
- High Monthly HOA Fees
The $495 monthly association fee is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
About 20921 Serrano Creek Road 55
Welcome to Serrano Creek Villas! This beautifully updated 2 bedroom, 1 bath condo offers a rare opportunity to own in one of Lake Forest's most desirable communities. Featuring brand new flooring, fresh paint, and modern finishes throughout, this ground level home is truly move in ready. Enjoy an inviting floor plan with a bright living area that opens to a private patio overlooking the green belt - perfect for morning coffee or evening relaxation. The remodeled kitchen offers ample storage and counter space, flowing seamlessly into the dining and living areas. Both bedrooms are generously sized with large closets. Community amenities include a sparkling pool, clubhouse, and lush landscaped grounds. Conveniently located near shopping, dining, parks, and freeways, this home is ideal for first-time buyers, downsizes, or investors alike. This condo combines comfort, style, and value in a prime Lake Forest location. Don't miss this one!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 326,360 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $495.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Lake Forest Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 884 | 1,022 | 24% |
| Lot Size | 326,360 | 190,810 | 93% |
| Price | $529.9K | $610.0K | 28% |
| Price per sq ft | $599 | $603 | 48% |
| Built year | 1982 | 1983 | 39% |
| HOA | $495.0 | $475 | 62% |
| Days on market | 52 | 177 | 6% |
Pricing History
Listed for Sale
Jan 15, 2026
$529,900
Initial Listing
Sold
Aug 2, 2022
$460,000
Public Record
Sold
Oct 23, 1998
$96,500
Public Record