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215 Chippewa Lane, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 4 bath

215 Chippewa Lane, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$995,000
215 Chippewa Lane, Lake Arrowhead, California 92352
5Beds
4Baths
2,550Sqft
9,200Lot

Price Vs. Estimate

The estimated value ($995,000) is $0 (0%) lower than the list price ($995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating Potential / Multi-Generational Living: The property features multiple separate living spaces, including a private suite and a studio apartment, ideal for extended family, guests, or significant rental income, with a proven track record as a successful rental.
Top Cons:
Significant Price Reduction History: The property has undergone multiple substantial price reductions, dropping from an original list price of $1.2 million to $995,000, which could signal market resistance or perceived overvaluation.

Compared to the nearby listings

Price:$995.0K vs avg $675.0K (+$320,000)78%
Size:2,550 sqft vs avg 1,948 sqft75%
Price/sqft:$390 vs avg $35162%

More Insights

Built in 1969 (56 years old).
Condition: Built in 1969, this A-frame home is well-maintained and boasts unique character with its wood paneling and large windows. The kitchen features functional stainless steel appliances, but the cabinetry and granite-look laminate countertops appear dated. Similarly, the bathrooms are clean and functional, but their vanities, fixtures, and overall style are clearly from an older renovation, likely 15-30 years ago, rather than recent. While move-in ready, the property shows its age in key areas like the kitchen and bathrooms, which would benefit from cosmetic updates to meet current aesthetic standards. Major systems appear functional, but their age suggests potential for future updates.
Year Built
1969
Close
-
List price
$995K
Original List price
$1.2M
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
IG25145354
Home ConditionFair
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods

About this home

PRICED TO SELL & OH OOO CHARMING!!! You Will Love this Amazing A-FRAME Just Oozing with Character that Has 4 Bedrooms, 3 Baths AND a Separate Apartment for Family or Friends! The WALL OF WINDOWS Brings in Just the Right Amount of Natural Light Against the Sprawling Wood Walls! The Living Room is Sooo Cozy & Just Perfect to Cuddle up with a Book, Close to a Warm Fire to Watch the Snow Fall! The Kitchen is Well-Equipped with Plenty of Storage and You Have a Full-Size Dining Table to Celebrate Thanksgiving and Other Holidays with Lots of Family & Friends! THE SUPER DEEP DECKS are Soooo Great!!!! Sit Amongst the Many Tall Cedars & Pines, Lounge in the Hammock and Enjoy Peace of Mind Knowing the Kids and Pups are Safe Playing in the HUGE FENCED YARD. On the Main Level are 2 Bedrooms and a Bath. Upstairs is a Wonderful Primary Bedroom with Tall A-Frame Ceilings, a Huge Walk-in Closet, a Private Deck and Fireplace! Enjoy a Bubble Bath in the Tub on Your Weekend Getaway or Play a Game of Pool in the Game Room in the Adjoining Loft! There is Even the CUTEST Tucked Away Bedroom with Toys Galore for the Little One!! Downstairs is a Private Suite!!! Bedroom with Living Room, Complete with Fireplace, Private Bath & Deck! WOW!! And there is Still a Separate Studio Apartment on the Other Side of Home! Perfect for Extended Family or to Offset Your Mortgage with Extra Income! The Oversized Studio is Sooo Adorable w/Sleeping Area Tucked in the Back, Walk-in-Closet, Comfy Living Room, Kitchen & Bath. Modern Fireplace and Adorable Private Deck to Enjoy a Barbecue! So Nice to Have Totally Level Entry with Parking for 6, Plus the Garage when it's Snowing or You are Entertaining! And the Neighborhood is the BEST!!! Cul-de-sac Street with the Best Neighbors and a Short Walk to the Village and Lake!!! Great Commuter Location too!!! This is a Fantastic Home for Full-Time Living, a Second Home for a Large Family or Even to Short Term Rent! It Has Been a Successful Rental for Several Years! Income Available Upon Request!

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•1.6mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.9mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.2mi
/10
Rim Virtual
Public,•K-8•1.5mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.0mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.0mi
Condition Rating
Fair
Built in 1969, this A-frame home is well-maintained and boasts unique character with its wood paneling and large windows. The kitchen features functional stainless steel appliances, but the cabinetry and granite-look laminate countertops appear dated. Similarly, the bathrooms are clean and functional, but their vanities, fixtures, and overall style are clearly from an older renovation, likely 15-30 years ago, rather than recent. While move-in ready, the property shows its age in key areas like the kitchen and bathrooms, which would benefit from cosmetic updates to meet current aesthetic standards. Major systems appear functional, but their age suggests potential for future updates.
Pros & Cons

Pros

Income-Generating Potential / Multi-Generational Living: The property features multiple separate living spaces, including a private suite and a studio apartment, ideal for extended family, guests, or significant rental income, with a proven track record as a successful rental.
Prime Location & Accessibility: Situated on a cul-de-sac, offering a short walk to the Village and Lake Arrowhead, and noted as a 'Great Commuter Location,' enhancing convenience and desirability.
Unique A-Frame Architecture & Character: The 'Amazing A-FRAME' design with 'WALL OF WINDOWS' and 'Sprawling Wood Walls' provides a distinctive, charming, and light-filled living environment.
Expansive Outdoor Living & Fenced Yard: Features 'SUPER DEEP DECKS' and a 'HUGE FENCED YARD,' offering ample space for relaxation, entertaining, and safe play for children and pets amidst tall trees.
Ample Parking & Level Entry: Provides 'Totally Level Entry with Parking for 6, Plus the Garage,' a significant advantage, especially in a mountain community prone to snow.

Cons

Significant Price Reduction History: The property has undergone multiple substantial price reductions, dropping from an original list price of $1.2 million to $995,000, which could signal market resistance or perceived overvaluation.
Age of Property & Potential for System Updates: Built in 1969, the property's age, while contributing to its character, may imply a need for updates to major systems (e.g., plumbing, electrical, HVAC) or ongoing maintenance not explicitly detailed as recently addressed.
Potential for Higher Energy Costs: The 'WALL OF WINDOWS' and A-frame design, common in 1969 construction, might lead to less energy efficiency compared to newer homes, potentially resulting in higher heating costs in a mountain climate if not upgraded.

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