1036 Greenway Drive, Big Bear City, California 92314, Big Bear City, 92314 - 4 bed, 3 bath
ACTIVE$575,000
1036 Greenway Drive, Big Bear City, California 92314
4Beds
3Baths
2,283Sqft
7,500Lot
Price Vs. Estimate
The estimated value ($575,000) is $0 (0%) lower than the list price ($575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential & Versatility: The property boasts mixed-use zoning and a converted lower level ideal for an ADU setup, offering significant rental income potential or flexible multi-generational living arrangements.
Top Cons:
Age of Core Systems: Built in 1962, and while cosmetic and roof updates are noted, there's no mention of upgrades to major systems like plumbing, electrical, or HVAC, which could be original and require future investment.
Compared to the nearby listings
Price:$575.0K vs avg $420.0K (+$155,000)71%
Size:2,283 sqft vs avg 1,304 sqft89%
Price/sqft:$252 vs avg $3518%
More Insights
Built in 1962 (63 years old).
Condition: Despite being built in 1962, this property has received significant recent updates that elevate its condition to 'Good'. The description highlights a new roof, fresh exterior paint, new carpet in the main bedroom, and freshly painted areas including the master bath. The kitchen is a strong feature, boasting modern stainless steel appliances (gas range, microwave, dishwasher), updated light wood cabinetry, contemporary countertops, and a stylish subway tile backsplash, indicating a renovation within the last 5-15 years. While some elements like the wood-paneled ceilings and one visible bathroom's vanity and light fixture are dated, the property is move-in ready with no immediate renovations required, and major systems appear well-maintained. The blend of recent updates and functional older components aligns with the 'Good' criteria for a well-maintained home that has not undergone a full recent renovation but is comfortable and functional.
Year Built
1962
Close
-
List price
$575K
Original List price
$598K
Price/Sqft
$252
HOA
-
Days on market
-
Sold On
-
MLS number
HD25037209
Home ConditionGood
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
***PRICE ADJUSTMENT*** Explore this expansive 4-bedroom, 3-bathroom residence nestled in scenic Big Bear. Recently updated with a new roof and fresh exterior paint, this home blends comfort with investment potential. Upstairs, discover two bedrooms and a bathroom, while downstairs features a cozy living area, kitchen, den, and a spacious main bedroom with brand-new carpet. The main bedroom, master bath, laundry room, and den have been freshly painted, adding a crisp, updated feel. The lower level includes a converted nail studio with an additional bedroom and bathroom, ideal for an ADU setup for rental income or multigenerational living. Zoned for mixed-use, this property offers versatility rarely found elsewhere. Outside, a workshop and oversized shed cater to storage and creative pursuits. Whether you're a homeowner or investor, seize this remarkable opportunity in Big Bear!
Condition Rating
Good
Despite being built in 1962, this property has received significant recent updates that elevate its condition to 'Good'. The description highlights a new roof, fresh exterior paint, new carpet in the main bedroom, and freshly painted areas including the master bath. The kitchen is a strong feature, boasting modern stainless steel appliances (gas range, microwave, dishwasher), updated light wood cabinetry, contemporary countertops, and a stylish subway tile backsplash, indicating a renovation within the last 5-15 years. While some elements like the wood-paneled ceilings and one visible bathroom's vanity and light fixture are dated, the property is move-in ready with no immediate renovations required, and major systems appear well-maintained. The blend of recent updates and functional older components aligns with the 'Good' criteria for a well-maintained home that has not undergone a full recent renovation but is comfortable and functional.
Pros & Cons
Pros
Income Potential & Versatility: The property boasts mixed-use zoning and a converted lower level ideal for an ADU setup, offering significant rental income potential or flexible multi-generational living arrangements.
Recent Major Upgrades: Key updates include a new roof, fresh exterior paint, and newly painted interior areas (main bedroom, master bath, laundry room, den), reducing immediate maintenance concerns for a buyer.
Spacious Living & Layout: With an expansive 4 bedrooms, 3 bathrooms, and 2283 sqft, the home offers ample space for families or multiple occupants, including a desirable split-level layout.
Desirable Mountain Views: The property features appealing mountain views, enhancing its aesthetic value and desirability in the scenic Big Bear area.
Strong Value Proposition: A recent price adjustment and a listing price ($575,000) below the estimated market value ($580,756.76) suggest a compelling value opportunity for potential buyers.
Cons
Age of Core Systems: Built in 1962, and while cosmetic and roof updates are noted, there's no mention of upgrades to major systems like plumbing, electrical, or HVAC, which could be original and require future investment.
Unspecified Condition of Converted Space: The 'converted nail studio' offers versatility but the description doesn't clarify if it's a fully permitted and self-contained ADU, or if further work is needed to optimize it for rental or multi-generational living.
Potential for Outdated Interior Finishes: Beyond fresh paint and new carpet in specific areas, the description lacks details on comprehensive modernizations of the kitchen or other bathrooms, suggesting some areas may retain original or dated aesthetics.