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193 Riverside Ave, Sugarloaf, California 92386, Sugarloaf, 92386 - 2 bed, 1 bath

193 Riverside Ave, Sugarloaf, California 92386 home-pic-0
ACTIVE UNDER CONTRACT$340,000
193 Riverside Ave, Sugarloaf, California 92386
2Beds
1Bath
840Sqft
2,425Lot

Price Vs. Estimate

The estimated value ($315,351.92) is $24,648.08 (7%) lower than the list price ($340,000). This property may be overpriced.

Key pros and cons

Top Pros:
Assumable Loan: A significant financial advantage with an assumable loan at a highly attractive 4.75% interest rate, offering substantial savings for a qualified buyer in the current market.
Top Cons:
Age of Property: Built in 1971, the property may have older systems (plumbing, electrical) that could require maintenance or upgrades in the near future, despite recent roof replacement.

Compared to the nearby listings

Price:$340.0K vs avg $305.0K (+$35,000)60%
Size:840 sqft vs avg 899 sqft47%
Price/sqft:$405 vs avg $34771%

More Insights

Built in 1971 (54 years old).
Condition: Despite being built in 1971, this property presents as move-in ready due to significant recent updates. The kitchen features modern wood cabinets, white solid-surface countertops, and stainless steel appliances, indicating a renovation within the last 5-15 years. The living areas boast modern LVP flooring and recessed lighting. A new roof within the last two years is a major advantage. While the bathroom has an updated vanity and faucet, the tub and surround appear older, preventing an 'Excellent' rating. Overall, the property is well-maintained with key systems updated, aligning with a 'Good' condition.
Year Built
1971
Close
-
List price
$340K
Original List price
$340K
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508546
Home ConditionGood
Features
Good View:
Deck
View

About this home

ASSUMABLE LOAN at a 4.75% interest rate!!! NEW ROOF WAS PUT ON WITH THE LAST 2 YEARS AND OWNER OWNS THE ADJACENT LOT. You have no backside neighbors. Welcome to 193 Riverside Ave, a charming mountain retreat nestled in the quiet community of Sugarloaf. This cozy cabin offers the perfect blend of rustic charm and modern comfort, featuring an inviting open living area with warm wood accents, a functional kitchen, and plenty of natural light throughout. Enjoy crisp mountain mornings and starry nights from the spacious deck or relax in the private backyard surrounded by towering pines. Conveniently located just minutes from Big Bear Lake, skiing, hiking trails, and local dining, this home is ideal as a full-time residence, vacation getaway, or investment opportunity. Experience the beauty of mountain living at its finest in this peaceful Sugarloaf setting.

Nearby schools

4/10
Baldwin Lane Elementary School
Public,•K-6•0.2mi
3/10
Big Bear Middle School
Public,•7-8•3.9mi
6/10
Big Bear High School
Public,•9-12•0.5mi
Condition Rating
Good
Despite being built in 1971, this property presents as move-in ready due to significant recent updates. The kitchen features modern wood cabinets, white solid-surface countertops, and stainless steel appliances, indicating a renovation within the last 5-15 years. The living areas boast modern LVP flooring and recessed lighting. A new roof within the last two years is a major advantage. While the bathroom has an updated vanity and faucet, the tub and surround appear older, preventing an 'Excellent' rating. Overall, the property is well-maintained with key systems updated, aligning with a 'Good' condition.
Pros & Cons

Pros

Assumable Loan: A significant financial advantage with an assumable loan at a highly attractive 4.75% interest rate, offering substantial savings for a qualified buyer in the current market.
Recent Major Upgrade: A new roof installed within the last two years minimizes immediate capital expenditure for the buyer and ensures structural integrity.
Enhanced Privacy & Potential: Ownership of the adjacent lot and no backside neighbors provide exceptional privacy, a larger effective footprint, and potential for future expansion or landscaping.
Prime Recreational Location: Conveniently located just minutes from Big Bear Lake, skiing, hiking trails, and local dining, making it ideal for outdoor enthusiasts and vacationers.
Versatile Investment Opportunity: The property is suitable as a full-time residence, a vacation getaway, or a rental investment, broadening its market appeal to various buyer profiles.

Cons

Age of Property: Built in 1971, the property may have older systems (plumbing, electrical) that could require maintenance or upgrades in the near future, despite recent roof replacement.
Compact Living Space: With 840 sqft, 2 beds, and 1 bath, the property offers limited living space, which may not suit buyers seeking larger accommodations or families.
Small Primary Lot Size: The listed lot size of 2425 sqft for the primary parcel is relatively small, potentially limiting outdoor utility or expansion on this specific plot, even with the adjacent lot ownership.

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