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545 Serrano Summit Drive, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath

545 Serrano Summit Drive, Lake Forest, California 92630 home-pic-0
ACTIVE$2,428,000
545 Serrano Summit Drive, Lake Forest, California 92630
5Beds
4Baths
2,680Sqft
3,801Lot

Price Vs. Estimate

The estimated value ($2,255,845.95) is $172,154.05 (7%) lower than the list price ($2,428,000). This property may be overpriced.

Key pros and cons

Top Pros:
Model Home Quality & Design: As a former Lennar model home, the property boasts high-end finishes, luxury materials, and exceptional design concepts, offering superior quality and aesthetic appeal.
Top Cons:
Relatively Small Lot Size: The 3,801 sqft lot size is relatively compact for a single-family residence of this square footage, potentially limiting expansive outdoor space or privacy.

Compared to the nearby listings

Price:$2.43M vs avg $1.31M (+$1,118,000)94%
Size:2,680 sqft vs avg 2,130 sqft78%
Price/sqft:$906 vs avg $67592%

More Insights

Built in 2020 (5 years old).
Condition: This property was built in 2020, making it only 4 years old, and was a former model home, indicating high-end finishes and meticulous maintenance. The kitchen features modern white shaker cabinets, pristine white countertops, and high-end stainless steel appliances, including a built-in refrigerator and professional range. Bathrooms are equally modern with contemporary vanities, fixtures, and glass-enclosed showers. Flooring is a mix of new hardwood and clean carpets. All components appear virtually new, meeting current quality standards with no visible deferred maintenance or physical depreciation, perfectly aligning with the 'Excellent' condition criteria.
Year Built
2020
Close
-
List price
$2.43M
Original List price
$2.43M
Price/Sqft
$906
HOA
$213
Days on market
-
Sold On
-
MLS number
OC25192609
Home ConditionExcellent
Features
Excellent View: City Lights
Patio
ViewCity Lights

About this home

This former Lennar model home features 5 bedrooms and 4 bathrooms where sophistication meets luxury. Built as a model home, the home features high-end finishes and luxury materials in an open and airy layout, with every detail reflecting exceptional design concepts and aesthetics. The designer's carefully selected décor is complemented by an elegantly landscaped backyard, showcasing an impeccable sense of style. The outdoor space is equally stunning - a newly customized barbecue area with built-in BBQ grill and compact refrigerator is the ideal place to relax and entertain. Standing in the backyard, you can also take in the mesmerizing views and gorgeous sunsets. Built in 2020, this home is located in a quiet and inviting neighborhood just minutes from the Irvine Spectrum and conveniently located near Target, Costco, and a variety of high-end stores, restaurants and entertainment. Residents enjoy resort-style amenities: a crystal-clear pool, Jacuzzi, barbecue area, billiards room, two pickleball courts and more. From the award-winning design to the unparalleled landscaping experience, this is a dream home that blends elegance, functionality and modernity, making it a rare choice at first sight.

Condition Rating
Excellent
This property was built in 2020, making it only 4 years old, and was a former model home, indicating high-end finishes and meticulous maintenance. The kitchen features modern white shaker cabinets, pristine white countertops, and high-end stainless steel appliances, including a built-in refrigerator and professional range. Bathrooms are equally modern with contemporary vanities, fixtures, and glass-enclosed showers. Flooring is a mix of new hardwood and clean carpets. All components appear virtually new, meeting current quality standards with no visible deferred maintenance or physical depreciation, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

Model Home Quality & Design: As a former Lennar model home, the property boasts high-end finishes, luxury materials, and exceptional design concepts, offering superior quality and aesthetic appeal.
Extensive Community Amenities: Residents benefit from resort-style community amenities including a crystal-clear pool, Jacuzzi, barbecue area, billiards room, and pickleball courts, enhancing lifestyle and recreational opportunities.
Prime Location & Convenience: The home's location offers excellent accessibility, being minutes from Irvine Spectrum and conveniently close to major retail, high-end stores, restaurants, and entertainment.
Modern & Turnkey Condition: Built in 2020, this nearly new home provides contemporary design, an open layout, and is in pristine, move-in ready condition, minimizing immediate maintenance or upgrade needs.
Premium Outdoor Living & Views: Features an elegantly landscaped backyard with a customized built-in barbecue area, complemented by mesmerizing city lights views and gorgeous sunsets, ideal for entertaining.

Cons

Relatively Small Lot Size: The 3,801 sqft lot size is relatively compact for a single-family residence of this square footage, potentially limiting expansive outdoor space or privacy.
Ongoing Association Fees: The monthly association fee of $213 adds an ongoing cost to homeownership, which may be a consideration for budget-conscious buyers despite the included amenities.
High Price Point: The list price of $2.428 million positions this property in the luxury market segment, potentially limiting the buyer pool to those with significant purchasing power.

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