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1040 W Rainbow, Big Bear City, California 92314, Big Bear City, 92314 - 2 bed, 1 bath

1040 W Rainbow, Big Bear City, California 92314 home-pic-0
ACTIVE$349,999$840/sqft
Est. Value: $319,052
-8%
AboveEstimate
1040 W Rainbow, Big Bear City, California 92314
2Beds
1Bath
840Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($319,052.445) is $30,946.555 (8%) lower than the list price ($349,999). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location: Centrally located in a quiet neighborhood, offering easy access to year-round recreation, the Big Bear Convention Center, snow play areas, the lake, Village, dining, shopping, and ski resorts.
Top Cons:
Age & Potential for Modernization: Built in 1965, the property, while well-maintained, may require future updates and personalization to meet contemporary tastes and standards.

Compared to the nearby listings

Price:$350.0K vs avg $415.0K ($-65,001)34%
Size:840 sqft vs avg 1,291 sqft20%
Price/sqft:$417 vs avg $34778%

More Insights

Built in 1965 (61 years old).
Condition: Built in 1965, the property is well-maintained and functional, but the kitchen and bathroom are significantly outdated. The kitchen features original-style wood cabinets, pink tiled countertops and sink, and older appliances. The bathroom has green tiled countertops and shower surround. Wood paneling throughout the interior contributes to a dated aesthetic, indicating that while cared for, major components show signs of being outdated and would require substantial renovation to meet modern standards.
Year Built
1965
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001451
Home ConditionFair
Features
Deck
ViewNeighborhood

About this home

Welcome to this charming Big Bear City retreat, perfectly positioned in a quiet, centrally located neighborhood that offers both peace and convenience. Situated near the Big Bear Convention Center and popular snow play areas, this home provides easy access to year-round recreation while remaining just a short drive from the lake, the Village, local dining, shopping, and the ski resorts. This single-story home features two comfortable bedrooms and one well-maintained bathroom, making it an ideal first-time buyer opportunity, weekend getaway, or investment property. The interior has been lovingly cared for and remains in great condition, offering a solid foundation for the next owner to personalize and update over time. Its classic mountain charm creates a warm and welcoming atmosphere from the moment you step inside. Set on a spacious corner lot, the property offers excellent outdoor space and added privacy. A detached garage converted with a built-out bonus room, providing valuable flexibility—perfect for a home office, hobby space, workout room, or overflow sleeping area. This additional space adds versatility rarely found at this price point. Whether you’re looking for a full-time residence or a mountain escape, this home checks all the boxes: location, condition, charm, and potential. Ready to enjoy now and ready to grow with you, this property is a wonderful opportunity to own in Big Bear City and make it your own.

N
Nicholas La Bate
Listing Agent

Price History

Date
Event
Price
02/18/14
Sold
$132,500
Condition Rating
Fair
Built in 1965, the property is well-maintained and functional, but the kitchen and bathroom are significantly outdated. The kitchen features original-style wood cabinets, pink tiled countertops and sink, and older appliances. The bathroom has green tiled countertops and shower surround. Wood paneling throughout the interior contributes to a dated aesthetic, indicating that while cared for, major components show signs of being outdated and would require substantial renovation to meet modern standards.
Pros & Cons

Pros

Exceptional Location: Centrally located in a quiet neighborhood, offering easy access to year-round recreation, the Big Bear Convention Center, snow play areas, the lake, Village, dining, shopping, and ski resorts.
Versatile Bonus Space: Features a detached garage converted into a built-out bonus room, providing flexible use as a home office, hobby space, workout room, or additional sleeping area, adding significant value.
Well-Maintained & Charming Interior: The interior has been lovingly cared for, is in great condition, and exudes classic mountain charm, making it move-in ready.
Broad Market Appeal: Positioned as an ideal opportunity for first-time buyers, a weekend getaway, or an investment property due to its location, condition, and potential.
Spacious Corner Lot: Benefits from a generous corner lot, offering enhanced outdoor space and increased privacy.

Cons

Age & Potential for Modernization: Built in 1965, the property, while well-maintained, may require future updates and personalization to meet contemporary tastes and standards.
Compact Size & Limited Amenities: With 2 bedrooms, 1 bathroom, and 840 sqft, the home offers limited living space and amenities, which may not cater to larger households or those seeking more expansive accommodations.
Standard Neighborhood View: While it has a view, it's described as a 'Neighborhood' view, lacking the premium lake, mountain, or panoramic vistas often desired in the Big Bear area.
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