26626 Highway 18, Rimforest, California 92378, Rimforest, 92378 - 2 bed, 1 bath
ACTIVE$210,000
26626 Highway 18, Rimforest, California 92378
2Beds
1Bath
602Sqft
3,000Lot
Price Vs. Estimate
The estimated value ($182,142.15) is $27,857.85 (13%) lower than the list price ($210,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Mountain Location: Situated in the quiet Rimforest community, minutes from Lake Arrowhead, shopping, and local trails, offering desirable mountain living and recreational access.
Top Cons:
Limited Living Space: At only 602 sq. ft., the home offers very compact living quarters, which may not be suitable for all buyers or family sizes.
Compared to the nearby listings
Price:$210.0K vs avg $289.5K ($-79,500)33%
Size:602 sqft vs avg 1,011 sqft17%
Price/sqft:$349 vs avg $25783%
More Insights
Built in 1935 (90 years old).
Condition: Built in 1935, this property requires substantial repairs and rehabilitation. The kitchen features very outdated wooden cabinets, worn countertops, and unfinished wall areas, indicating a need for a complete overhaul. The bathroom is similarly dated with an old vanity, countertop, and a significant unfinished opening in the ceiling. Flooring throughout is worn, and the overall aesthetic suggests renovations from 30-50+ years ago, with major components showing significant wear and outdated styles.
Year Built
1935
Close
-
List price
$210K
Original List price
$325K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
IG25090938
Home ConditionPoor
Features
Deck
ViewNeighborhood
About this home
This 2-bedroom, 1-bathroom home offers 602 sq. ft. of cozy living space on a 3,000 sq. ft. lot. Located in the quiet community of Rimforest, this property is a great option for a weekend retreat, rental, or full-time mountain living. Just minutes from Lake Arrowhead, shopping, and local trails. With a little vision, this home could shine! Home comes with the lot next to it as well !
Condition Rating
Poor
Built in 1935, this property requires substantial repairs and rehabilitation. The kitchen features very outdated wooden cabinets, worn countertops, and unfinished wall areas, indicating a need for a complete overhaul. The bathroom is similarly dated with an old vanity, countertop, and a significant unfinished opening in the ceiling. Flooring throughout is worn, and the overall aesthetic suggests renovations from 30-50+ years ago, with major components showing significant wear and outdated styles.
Pros & Cons
Pros
Prime Mountain Location: Situated in the quiet Rimforest community, minutes from Lake Arrowhead, shopping, and local trails, offering desirable mountain living and recreational access.
Versatile Investment Opportunity: The property is suitable for multiple uses, including a weekend retreat, rental income, or full-time mountain residence, appealing to a broad range of buyers.
Includes Adjacent Lot: The sale includes the lot next to the property, providing additional space, enhanced privacy, or potential for future expansion or development.
Significant Price Reduction: A substantial price drop from the original list price of $325,000 to $210,000 makes this property a more attractive and potentially high-value acquisition.
Renovation Potential: Described as needing 'a little vision,' the home offers a clear opportunity for buyers to customize, modernize, and add significant value through renovation.
Cons
Limited Living Space: At only 602 sq. ft., the home offers very compact living quarters, which may not be suitable for all buyers or family sizes.
Advanced Age of Property: Built in 1935, the home is quite old, suggesting potential for outdated infrastructure, systems, and the need for extensive modernization or repairs.
Listed Above Estimated Value: Despite the price reduction, the current list price of $210,000 is 13% higher than the estimated property value of $182,142, potentially limiting immediate equity for a buyer.