27547 Alpen, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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27547 Alpen
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,838Sq Ft
16,300Lot Size
Property Price
LIST PRICE$699,900
EST. MARKET VALUE
$665,796
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a tri-level mountain retreat listed at a List Price of $699,900, positioned well above the $665,797 Fair Market Value by 5%. While the property requires modernization due to its Condition Rating of 4, it offers significant upside through its 0.37-acre lot and separate lower-level unit for rental income. Featuring panoramic lake and mountain views and full lake rights, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in the Rim of the World school district.
Estimated Market Value
$665,796
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27547 Alpen Subject 3 bd · 3 ba · 2,838 sqft · $235 | $699,900* List Price | 3 | 3 | 2,838 | $235 | - |
A 27721 St Bernard Lane Sold 3 bd · 3 ba · 2,390 sqft · $228 · 0.2 mi | $545,000 | 3 | 3 | 2,390 | $228 | 0.2 mi |
B 27814 North Bay Sold 4 bd · 4 ba · 2,990 sqft · $219 · 0.4 mi | $655,000 | 4 | 4 | 2,990 | $219 | 0.4 mi |
C 27734 Alpen Sold 4 bd · 3 ba · 2,650 sqft · $243 · 0.2 mi | $645,000 | 4 | 3 | 2,650 | $243 | 0.2 mi |
D 755 Grass Valley Sold 4 bd · 4 ba · 2,842 sqft · $221 · 0.9 mi | $628,000 | 4 | 4 | 2,842 | $221 | 0.9 mi |
E 1294 Kodiak Drive Sold 3 bd · 3 ba · 2,222 sqft · $242 · 0.2 mi | $537,500 | 3 | 3 | 2,222 | $242 | 0.2 mi |
F 892 Nadelhorn Drive Sold 3 bd · 3 ba · 2,588 sqft · $317 · 0.5 mi | $820,000 | 3 | 3 | 2,588 | $317 | 0.5 mi |
G 1348 Manzanita Sold 4 bd · 3 ba · 1,856 sqft · $291 · 0.7 mi | $540,000 | 4 | 3 | 1,856 | $291 | 0.7 mi |
H 27454 Matterhorn Drive Active 3 bd · 3 ba · 2,969 sqft · $269 · 0.2 mi | $799,500 List Price | 3 | 3 | 2,969 | $269 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1964, this 60-year-old property is significantly aged. While the listing describes functional living spaces and a 'well-equipped' kitchen, the exterior photo shows noticeable wear and peeling paint on the stairs and railings, indicating deferred maintenance. Given the bankruptcy court sale status and the age of the structure, systems and interiors are likely dated (>20 years) and require minor to moderate repairs and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 16300, living area = 2838.
- Panoramic Views & Lake Rights
The property boasts stunning panoramic lake and mountain views and includes highly coveted full lake rights, significantly enhancing its long-term value and recreational appeal.
- Income Potential
A separate lower-level unit with its own entrance, kitchen, and utility meters provides excellent flexibility for multi-generational living or potential rental income.
CONSRISKS & DEFICIENCIES
- Bankruptcy Sale Complexity
As a Federal Bankruptcy Court sale, the transaction may involve specific legal procedures and court oversight that differ from a standard residential purchase.
- Dated Construction
Built in 1964, the home may require significant capital investment to modernize original systems and finishes to meet contemporary luxury standards.
About 27547 Alpen
***FEDERAL BANKRUPTCY COURT SALE - NO BANK INVOLVED - APPROXIMATELY 60-DAYS FROM DEPOSIT TO CLOSE ESCROW***Welcome to 27547 Alpen Drive, a classic Lake Arrowhead mountain retreat offering panoramic lake and mountain views and full lake rights! This distinctive tri-level home features approximately 2,838 square feet of living space on a spacious 0.37-acre lot in the desirable Arrowhead Woods area. The main residence offers two ensuite bedrooms, a primary suite with a jetted tub overlooking the lake, a versatile den that can serve as a third bedroom, a full guest bathroom, and a cozy loft with built-in sleeping space. The well-equipped kitchen, inviting living areas, and two expansive lake-view balconies create the perfect setting for relaxing or entertaining while enjoying the mountain scenery. An additional lower-level unit features a private entrance, one bedroom, one bathroom, a full kitchen, and its own lake-view deck, offering flexible accommodations for guests or potential rental income. Separate meters and water heaters provide added convenience for the two living spaces. The generous, usable lot offers exciting possibilities for additional parking or future improvements, subject to applicable approvals. Whether you're seeking a full-time mountain residence, a weekend getaway, or an investment opportunity, this Lake Arrowhead property combines scenic views, flexible living arrangements, and coveted lake rights in a beautiful mountain setting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 16,300 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.4 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 6.1 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 7.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,838 | 1,979.061 |
| Lot Size | 16,300 | 10,277.399 |
| Price | $699.9K | $643.6K |
| Price per sq ft | $247 | $338 |
| Built year | 1964 | 1978 |
| HOA | $0 | $614 |
| Days on market | 2 | 91 |
Pricing History
Listed for Sale
Oct 22, 2026
$699,900
Initial Listing
Sold
Nov 27, 2007
$388,000
Public Record
Sold
May 30, 2006
$875,000
Public Record
Sold
Aug 11, 2005
$725,000
Public Record
Sold
Apr 4, 2005
$725,000
Public Record
Sold
May 28, 2004
$429,500
Public Record
Sold
Jul 24, 2002
$320,000
Public Record
Sold
Dec 28, 2000
$240,000
Public Record