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21072 Paseo Verdura, Lake Forest, California 92630, Lake Forest, 92630 - 4 bed, 3 bath

21072 Paseo Verdura, Lake Forest, California 92630 home-pic-0
ACTIVE$1,369,000
21072 Paseo Verdura, Lake Forest, California 92630
4Beds
3Baths
2,050Sqft
6,163Lot

Price Vs. Estimate

The estimated value ($1,318,875.865) is $50,124.135 (3%) lower than the list price ($1,369,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property underwent a significant remodel in 2023, including kitchen, flooring, plumbing, and electrical, ensuring a move-in ready condition with modern finishes.
Top Cons:
Leased Solar Panels: The buyer is required to assume the lease for the solar panels, which represents an ongoing financial obligation and contractual commitment.

Compared to the nearby listings

Price:$1.37M vs avg $1.31M (+$59,000)59%
Size:2,050 sqft vs avg 2,120 sqft46%
Price/sqft:$668 vs avg $67447%

More Insights

Built in 1978 (47 years old).
Condition: Despite being built in 1978, this property underwent an extensive remodel in 2023, which included the kitchen, flooring, plumbing, and electrical systems. The kitchen features new quartz counters, stainless-steel appliances, and a gas stovetop with a pot filler, all appearing modern and new in the images. Bathrooms also boast modern finishes, lighted anti-fog mirrors, and Bluetooth exhaust fans. Other significant updates include a new roof in 2021, dual-paned windows, and an updated furnace/refurbished AC approximately eight years ago. The property presents as virtually new and move-in ready, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1978
Close
-
List price
$1.37M
Original List price
$1.4M
Price/Sqft
$668
HOA
$135
Days on market
-
Sold On
-
MLS number
SR25230906
Home ConditionExcellent
Features
Patio
View-

About this home

Must See - Located on a cul-de-sac in the Serrano Park community, this 4-bedroom, 3-bath, two-story home was remodeled in 2023 including the kitchen, flooring, plumbing, and electrical, and is move-in ready. The main level features a double-door entry, vaulted ceilings in the living and dining area, and a remodeled kitchen with quartz counters, gas stovetop with pot filler, and stainless-steel appliances (2023). Additional upgrades include a roof replacement in 2021, dual-paned windows, Nest thermostat, artificial turf in the front and back, updated furnace and refurbished AC approximately eight years ago, recessed lighting, insulated garage door with updated Wi-Fi motor, and leased solar panels to be assumed by the buyer. The first floor also includes a bedroom and full bath with shower, while the upstairs bathrooms come with lighted anti-fog mirrors, Bluetooth exhaust fans, and modern finishes. The backyard features turf and drought-friendly landscaping, a koi pond, Alumawood patio cover, paver firepit and conversation area, pebble tech slab, and raised planters. Serrano Park HOA amenities include two pools, four tennis courts, clubhouse, BBQ area, tot lot, and greenbelts with walking trails, with convenient access to nearby parks, shopping, dining, and schools.

Nearby schools

3/10
Santiago Elementary School
Public,•K-6•1.6mi
5/10
Cordillera Elementary School
Public,•K-6•3.4mi
6/10
Serrano Intermediate School
Public,•7-8•1.6mi
7/10
El Toro High School
Public,•9-12•1.5mi
Condition Rating
Excellent
Despite being built in 1978, this property underwent an extensive remodel in 2023, which included the kitchen, flooring, plumbing, and electrical systems. The kitchen features new quartz counters, stainless-steel appliances, and a gas stovetop with a pot filler, all appearing modern and new in the images. Bathrooms also boast modern finishes, lighted anti-fog mirrors, and Bluetooth exhaust fans. Other significant updates include a new roof in 2021, dual-paned windows, and an updated furnace/refurbished AC approximately eight years ago. The property presents as virtually new and move-in ready, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Extensive Modern Renovation: The property underwent a significant remodel in 2023, including kitchen, flooring, plumbing, and electrical, ensuring a move-in ready condition with modern finishes.
Comprehensive Community Amenities: Residents benefit from exclusive Serrano Park HOA amenities such as two pools, four tennis courts, a clubhouse, BBQ area, tot lot, and greenbelts with walking trails.
Upgraded & Low-Maintenance Exterior: The home features artificial turf in both front and back, drought-friendly landscaping, a koi pond, Alumawood patio cover, and a paver firepit, offering an attractive and easy-to-maintain outdoor living space.
Key System Updates: Major components like the roof (2021) and dual-paned windows have been recently replaced, along with an updated furnace and refurbished AC (approx. 8 years ago), reducing immediate maintenance concerns.
Desirable Location & Functional Layout: Situated on a quiet cul-de-sac within the sought-after Serrano Park community, the home offers a convenient first-floor bedroom and full bath, appealing to multi-generational living or guest accommodation.

Cons

Leased Solar Panels: The buyer is required to assume the lease for the solar panels, which represents an ongoing financial obligation and contractual commitment.
Recurring HOA Fees: A monthly association fee of $135 is an additional recurring cost that buyers must factor into their budget.
Recent Price Reductions: The property has undergone multiple price reductions since its initial listing, which could indicate a potential overvaluation or slower market absorption.

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