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186 Hemlock Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

186 Hemlock Drive, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$535,000
186 Hemlock Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,130Sqft
4,160Lot

Price Vs. Estimate

The estimated value ($239,472.09) is $295,527.91 (55%) lower than the list price ($535,000). This property may be overpriced.

Key pros and cons

Top Pros:
Lake Rights: The property includes valuable Lake Rights to Lake Arrowhead, a significant and highly desirable amenity in the area.
Top Cons:
Significant Overpricing: The listing price of $535,000 is substantially higher than the estimated market value of $239,472.09 and recent comparable sales, indicating a potential valuation mismatch.

Compared to the nearby listings

Price:$535.0K vs avg $675.0K ($-140,000)30%
Size:1,130 sqft vs avg 1,933 sqft7%
Price/sqft:$473 vs avg $35179%

More Insights

Built in 1960 (65 years old).
Condition: Built in 1960, this property has received several important functional updates such as dual-paned windows, air conditioning, central heat, an upgraded electrical panel, and new attic insulation. The kitchen features newer stainless steel appliances but retains older-style wood cabinets and black countertops, making it functional but aesthetically dated. One bathroom appears updated with a modern vanity and tile, while the second is a very small, basic shower room. The overall condition is well-maintained and move-in ready, but the mix of dated and partially updated elements, along with the need for 'personal touches' as stated in the description, places it in the 'Fair' category. It's an aged home with regular upkeep and occasional updates, but not a full, cohesive modern renovation.
Year Built
1960
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$473
HOA
-
Days on market
-
Sold On
-
MLS number
IG25126281
Home ConditionFair
Features
Deck
ViewNeighborhood

About this home

Situated in the desirable Palisades neighborhood, this home has been spruced up and awaits you, it's new owners, to put your personal touches on it. Super convenient location, just one block off the highway, walking distance to the market and lake and a hop skip and jump to the Lake Arrowhead Village for dinner and entertainment. 186 Hemlock offers plentiful parking, 2 car garage, ramp entry, full basement for storage and a fenced yard. All of these are features you will appreciate when living your dream in Lake Arrowhead. The home holds 3 bedrooms, 1.5 bathrooms, dual paned windows, air conditioning, central heat and fresh paint. The electrical panel has been upgraded to a 200 amp with 50 amp subpanel for the garage. New insulation has been added in the attic for energy efficiency too. All this wrapped into a great home with LAKE RIGHTS to beautiful Lake Arrowhead. Air BnB OK! Check with the county for more info on licensing. Don't miss it on your next tour of homes!

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•1.4mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.9mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.4mi
/10
Rim Virtual
Public,•K-8•1.8mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.2mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.4mi
Condition Rating
Fair
Built in 1960, this property has received several important functional updates such as dual-paned windows, air conditioning, central heat, an upgraded electrical panel, and new attic insulation. The kitchen features newer stainless steel appliances but retains older-style wood cabinets and black countertops, making it functional but aesthetically dated. One bathroom appears updated with a modern vanity and tile, while the second is a very small, basic shower room. The overall condition is well-maintained and move-in ready, but the mix of dated and partially updated elements, along with the need for 'personal touches' as stated in the description, places it in the 'Fair' category. It's an aged home with regular upkeep and occasional updates, but not a full, cohesive modern renovation.
Pros & Cons

Pros

Lake Rights: The property includes valuable Lake Rights to Lake Arrowhead, a significant and highly desirable amenity in the area.
Prime Location & Walkability: Super convenient location, just one block off the highway, with walking distance to the market, lake, and Lake Arrowhead Village for dining and entertainment.
Short-Term Rental Potential: Explicitly approved for Airbnb, offering a strong opportunity for income generation through short-term rentals.
Key System Upgrades & Energy Efficiency: Features dual-paned windows, air conditioning, central heat, an upgraded 200-amp electrical panel with a 50-amp subpanel, and new attic insulation for improved comfort and efficiency.
Practical Amenities: Offers plentiful parking, a 2-car garage, ramp entry, a full basement for storage, and a fenced yard, enhancing convenience and functionality.

Cons

Significant Overpricing: The listing price of $535,000 is substantially higher than the estimated market value of $239,472.09 and recent comparable sales, indicating a potential valuation mismatch.
Older Construction with Remaining Personalization Needs: Built in 1960, the home has been 'spruced up' but still 'awaits personal touches,' suggesting further investment may be required for full modernization or customization.
Modest Size: With 1130 sqft and a 4160 sqft lot, the property offers a relatively smaller footprint compared to some other homes in the area, which might limit appeal for buyers seeking more expansive living or outdoor space.

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