1241 Redwood Drive, Big Bear City, California 92314, Big Bear City, 92314 - 3 bed, 2 bath
ACTIVE$749,000
1241 Redwood Drive, Big Bear City, California 92314
3Beds
2Baths
1,040Sqft
7,800Lot
Price Vs. Estimate
The estimated value ($364,885.76) is $384,114.24 (51%) lower than the list price ($749,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7800, living area = 1040.
Top Cons:
Significant Valuation Discrepancy: The listing price of $749,000 is considerably higher than the estimated property value of $364,885.76, indicating a potential overpricing issue that may deter buyers.
Compared to the nearby listings
Price:$749.0K vs avg $420.0K (+$329,000)88%
Size:1,040 sqft vs avg 1,296 sqft32%
Price/sqft:$720 vs avg $35199%
More Insights
Built in 1974 (51 years old).
Condition: Built in 1974, this property is 50 years old. While the exterior and general living areas appear well-maintained with updated flooring and a pleasant rustic aesthetic (vaulted wood ceilings, exposed beams), the kitchen features older wood cabinets, dark countertops, and a dated brick backsplash, suggesting a renovation approximately 20-30 years ago. No images of the bathrooms are provided, but it's reasonable to assume they are of a similar vintage. The property is functional and generates rental income, indicating it's livable, but the kitchen and likely bathrooms require minor updates to meet modern aesthetic standards. There are no visible signs of substantial repairs or structural issues.
Year Built
1974
Close
-
List price
$749K
Original List price
$799K
Price/Sqft
$720
HOA
-
Days on market
-
Sold On
-
MLS number
23325411
Home ConditionFair
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Turnkey Investment Opportunity in Big Bear Mountain, located in the upscale Fox Farm Neighborhood, this property features front to back elegance and in a open spacious setting. The cabin greets you with a open layout, rustic appeal and modern design ideal for hosting friends & family. Perfect 2nd home that doubles as a rental, this cabin has generated over 60k a year in annual income since 2021
Condition Rating
Fair
Built in 1974, this property is 50 years old. While the exterior and general living areas appear well-maintained with updated flooring and a pleasant rustic aesthetic (vaulted wood ceilings, exposed beams), the kitchen features older wood cabinets, dark countertops, and a dated brick backsplash, suggesting a renovation approximately 20-30 years ago. No images of the bathrooms are provided, but it's reasonable to assume they are of a similar vintage. The property is functional and generates rental income, indicating it's livable, but the kitchen and likely bathrooms require minor updates to meet modern aesthetic standards. There are no visible signs of substantial repairs or structural issues.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7800, living area = 1040.
Strong Rental Income History: The property has a proven track record of generating over $60,000 in annual income since 2021, making it a highly attractive investment opportunity.
Prime Location: Located in the upscale Fox Farm Neighborhood of Big Bear Mountain, a desirable area known for its appeal to second home owners and vacation renters.
Turnkey Investment: Marketed as a 'turnkey' property, suggesting it is ready for immediate use as a second home or rental, minimizing initial effort for a new owner.
Appealing Design and Layout: Features an 'open layout, rustic appeal and modern design' that is ideal for hosting friends and family, enhancing its marketability.
Scenic Views: The property offers pleasant 'Trees/Woods' views, contributing to the desirable mountain cabin ambiance.
Cons
Significant Valuation Discrepancy: The listing price of $749,000 is considerably higher than the estimated property value of $364,885.76, indicating a potential overpricing issue that may deter buyers.
Older Property Age: Built in 1974, the property is 50 years old, which could imply potential for aging systems (e.g., plumbing, electrical, HVAC) that may require future maintenance or upgrades.
Modest Square Footage: With 1040 sqft for a 3-bedroom, 2-bathroom home, the interior living space is relatively modest, which might be a limiting factor for some buyers, especially at the current price point.