224 Teakwood Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 4 bath

224 Teakwood Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$1,055,000
224 Teakwood Drive, Big Bear Lake, California 92315
4Beds
4Baths
3,264Sqft
17,960Lot

Price Vs. Estimate

The estimated value ($379,303.81) is $675,696.19 (64%) lower than the list price ($1,055,000). 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 = 17960, living area = 3264.
Top Cons:
Significant Overpricing: The listing price of $1,055,000 is considerably higher than the estimated property value of $379,303.81, suggesting a potential overvaluation or a unique value proposition not fully captured by standard estimations.

Compared to the nearby listings

Price:$1.05M vs avg $640.0K (+$415,050)85%
Size:3,264 sqft vs avg 1,738 sqft90%
Price/sqft:$323 vs avg $39513%

More Insights

Built in 1984 (41 years old).
Condition: Built in 1984, this property has undergone significant updates, particularly in the kitchen and some bathrooms, which feature modern stainless steel appliances, granite counters, new vanities, and updated fixtures. The flooring appears to be a mix of well-maintained wood laminate and tile. While some elements like the wood trim and certain light fixtures retain a more traditional or rustic mountain style, the key areas have been recently renovated to a good standard. The property is move-in ready with no immediate renovation required, aligning with the 'Good' criteria, as it has been extensively renovated in parts within the last 15 years, even if not a full top-to-bottom renovation.
Year Built
1984
Close
-
List price
$1.05M
Original List price
$1.09M
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
PW25068195
Home ConditionGood
Features
Deck
Spa
Patio
ViewNeighborhood

About this home

Beautifull Fox Farm property at a reduced price. A huge 3,264 sq ft, ranch style home on a huge 17,960 sq ft level lot in Big Bear Lake. You will fall in love with the front patio that has a porch swing and plenty of other seating. The living room and dining room are very spacious offering plenty of room for entertaining with a new French door that leads to a very large back patio that has a grilling gazebo and a 6-person jacuzzi. 2 large primary bedroom/suites, one with French doors leading to its own private back patio, it offers a very spacious bathroom with a large shower as well as a separate tub/shower combo, extra-large dual sink vanity. An updated kitchen with new LED recessed lighting, new sink and fixture, and updated stainless steel appliances, and granite counters. A newly remodeled hall bath with all new tub, tile, flooring, a new large dual sink vanity bringing just the right amount of modern amenity. The game room features a full-size pool table, foosball table, poker table, air-hockey table, with room to spare for other games. It also features its own kitchenette area with a sink, countertop, cabinets, and a microwave. The game room leads to the 4th bedroom that is a 2nd primary suite/bedroom that is a huge living area, having its own full bath, with a beautiful cathedral ceiling and has a spacious balcony (only upstairs room). The flat/level lot has a basketball ½ court, large metal gazebo area, a garden are, horseshoe pit, 2 large, fenced backyard spaces, 4 large storage sheds that will store anything and room for all kinds of other outdoor activities. Located around a 7-minute drive from both ski resorts and the village, and near all the best Big Bear has to offer.

Nearby schools

2/10
Big Bear Elementary School
Public,K-62.3mi
3/10
Big Bear Middle School
Public,7-81.9mi
6/10
Big Bear High School
Public,9-122.5mi
Condition Rating
Good

Built in 1984, this property has undergone significant updates, particularly in the kitchen and some bathrooms, which feature modern stainless steel appliances, granite counters, new vanities, and updated fixtures. The flooring appears to be a mix of well-maintained wood laminate and tile. While some elements like the wood trim and certain light fixtures retain a more traditional or rustic mountain style, the key areas have been recently renovated to a good standard. The property is move-in ready with no immediate renovation required, aligning with the 'Good' criteria, as it has been extensively renovated in parts within the last 15 years, even if not a full top-to-bottom renovation.
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 = 17960, living area = 3264.
Extensive Outdoor Amenities: The property boasts a huge 17,960 sq ft level lot with a large back patio, grilling gazebo, 6-person jacuzzi, basketball ½ court, garden area, horseshoe pit, two large fenced backyard spaces, and four storage sheds, offering exceptional outdoor living and recreational opportunities.
Dedicated Entertainment Space: A spacious game room comes fully equipped with a pool table, foosball table, poker table, air-hockey, and a convenient kitchenette, providing an ideal setup for entertainment and social gatherings.
Multiple Primary Suites & Flexible Layout: The home features two large primary bedroom/suites, one with private patio access, and a fourth bedroom designed as a second primary suite with a full bath, cathedral ceiling, and balcony, offering versatility for guests or multi-generational living.
Updated Interior Features: The kitchen has been updated with new LED recessed lighting, stainless steel appliances, and granite counters, complemented by a newly remodeled hall bath featuring modern fixtures and a dual sink vanity.
Prime Location: Located in the desirable Fox Farm area, the property is just a 7-minute drive from both ski resorts and the village, ensuring convenient access to Big Bear's key attractions and amenities.

Cons

Significant Overpricing: The listing price of $1,055,000 is considerably higher than the estimated property value of $379,303.81, suggesting a potential overvaluation or a unique value proposition not fully captured by standard estimations.
Property Age: Built in 1984, the home is 40 years old. While some updates are noted, potential buyers may have concerns regarding the age of major systems (e.g., plumbing, electrical, roof) not explicitly mentioned as recently replaced or upgraded.
Limited Scenic Views: The property description indicates a 'Neighborhood' view and does not highlight specific scenic vistas such as lake, mountain, or forest views, which are often highly desirable in the Big Bear Lake market.

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