624 Pelion, Lake Forest, California 92630, Lake Forest, 92630 - 5 bed, 4 bath
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624 Pelion
Lake Forest, California 92630
ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
2,754Sq Ft
4,494Lot Size
Property Price
LIST PRICE$1,798,000
EST. MARKET VALUE
$1,859,293
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,798,000—positioned well below the $1,888,608 Fair Market Value by 4%. This valuation gap offers $90,608 in Instant Equity for the buyer. Featuring a Gourmet Chef’s Kitchen, fully paid solar, and an Excellent Condition Rating, this 2022 build offers a resort-style lifestyle in the Serrano Summit community. With no Mello-Roos and premium amenities, it is an ideal acquisition for discerning professionals or owner-occupants seeking luxury and long-term financial stability.
Estimated Market Value
$1,859,293+$61,293 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 624 Pelion Subject 5 bd · 4 ba · 2,754 sqft · $675 | $1,798,000* List Price | 5 | 4 | 2,754 | $675 | - |
A 640 Athos Sold 4 bd · 3 ba · 2,697 sqft · $630 · 0.1 mi | $1,699,000 | 4 | 3 | 2,697 | $630 | 0.1 mi |
B 653 Pelion Sold 5 bd · 5 ba · 3,349 sqft · $652 · 0.1 mi | $2,185,000 | 5 | 5 | 3,349 | $652 | 0.1 mi |
C 17 Tigerlily Sold 5 bd · 5 ba · 3,092 sqft · $634 · 0.9 mi | $1,960,000 | 5 | 5 | 3,092 | $634 | 0.9 mi |
D 111 Fremont Sold 4 bd · 4 ba · 2,270 sqft · $727 · 1.0 mi | $1,650,000 | 4 | 4 | 2,270 | $727 | 1.0 mi |
E 664 Athos Active 5 bd · 4 ba · 2,680 sqft · $664 · 0.1 mi | $1,780,000 List Price | 5 | 4 | 2,680 | $664 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features a modern open-concept layout, a gourmet chef's kitchen with quartz countertops, pristine contemporary bathrooms, and high-end modern systems including a tankless water heater and fully paid solar panels.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Modern Upgrades
Built in 2022, this home features a fully paid-for solar system and high-end finishes throughout, offering immediate move-in readiness and significant long-term utility savings.
- Superior Financial Value
The property is notably exempt from Mello-Roos assessments, a rare advantage in newer Orange County developments that significantly reduces the annual tax burden for the homeowner.
- Premium Lot & Indoor-Outdoor Flow
Occupying an oversized corner lot, the residence boasts stackable sliding glass doors and a covered California Room, maximizing privacy and functional outdoor living space compared to standard units.
CONSRISKS & DEFICIENCIES
- Limited Yard Space
Despite being a premium lot for the subdivision, the 4,494 sqft size may be perceived as restrictive for a five-bedroom home at this price point, limiting traditional backyard utility.
- High-Density Environment
Located in a resort-style community, the home is part of a high-density layout where close proximity to neighbors may detract from the sense of seclusion sought by some luxury buyers.
About 624 Pelion
***Assumable Loan at 3.5%!!!*** Fully Upgraded, Premium Private Lot, FULLY PAID FOR SOLAR...Welcome to 624 Pelion! This Beautifully Upgraded and Meticulously Maintained Single Family Residence is Curated to be the Ultimate At Home Sanctuary. Designed in 2022 and located in the Resort-Style community of Serrano Summit, this beautiful home ffeatures a modern open concept which includes 5 Bedrooms & 4 Bathrooms. Upon entry, you are greeted with Beautiful Neutral Wood Look Luxury Viny Flooring and an Open Concept Light & Bright Interior, providing the Perfect Ambiance for your daily routine. The Gourmet Chefs Kitchen has been upgraded throughout and includes Stainless Steel Appliances, Built-In Refrigerator, 6 Burner Gas Range, Upgraded Quartz Counter Tops, Custom Hardware, Walk-In Pantry and Convenient Center Island. Step through the Stackable Sliding Glass Doors into the Covered California Room and Low Maintenance Tranquil Backyard Oasis Accented By the Premium Oversized Corner Lot Location. The Highly Desirable Downstairs Bedroom and Full Bathroom round out the first floor. Upstairs you will find 4 Bedrooms, 3 Bathrooms and Convenient Upstairs Laundry Room. The Primary Suite Retreat will leave you well rested w/ Custom Window Treatments leading onto the Outdoor Deck overlooking the backyard. Ease yourself into a new wellness routine in the Spacious Spa-Like Primary Bathroom featuring Dual Vanities, Quartz Countertops, Spacious Walk In Closet, Restorative Glass Walk In Shower, and a Tranquil Soaking Tub. Additional Upgrades for the Modern Buyer Include Smart Home Features, 2 Car Garage w/ Built-in Storage Racks, Tankless Water Heater & Epoxy Flooring in the Garage. The Ideal Location of this home enjoys easy walking distance to Resort Style Amenities including The Summit Club, Beach Entry Pool & Spa, 2 Outdoor Kitchens, BBQ’s, Shaded Poolside Lounges, Multi-Use Space for Meetings, Pickleball Courts, Basketball Courts, and Multiple Picnic areas. NO MELLO ROOS! Beautiful home..Come see this one in person!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 4,494 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $213.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,754 | 2,188.592 |
| Lot Size | 4,494 | 5,557.578 |
| Price | $1.80M | $1.44M |
| Price per sq ft | $653 | $661 |
| Built year | 2022 | 1981 |
| HOA | $213.0 | $158 |
| Days on market | 39 | 50 |
Pricing History
Listed for Sale
Sep 16, 2026
$1,798,000
Initial Listing
Sold
May 13, 2022
$1,515,000
Public Record