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27596 N Bay Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath

27596 N Bay Road, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$1,100,000
27596 N Bay Road, Lake Arrowhead, California 92352
4Beds
3Baths
2,602Sqft
15,730Lot

Price Vs. Estimate

The estimated value ($425,092.535) is $674,907.465 (61%) lower than the list price ($1,100,000). 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 = 15730, living area = 2602.
Top Cons:
Significant Overpricing: The current listing price of $1.1M is substantially higher than the estimated property value of approximately $425k, indicating a significant valuation discrepancy and potential overpricing relative to market comparables.

Compared to the nearby listings

Price:$1.10M vs avg $675.0K (+$425,000)80%
Size:2,602 sqft vs avg 1,948 sqft75%
Price/sqft:$423 vs avg $35172%

More Insights

Built in 1987 (38 years old).
Condition: The property, built in 1987, has undergone extensive and recent major system updates within the last 1-3 years, including a new roof, hot water heater, electrical panel, whole-house generator, exterior doors, and paint. This makes it move-in ready with well-maintained and functional major systems. However, the kitchen, while having updated stainless steel appliances, features older style natural wood cabinets and laminate countertops, and the flooring is a mix of older tile and carpet, which are not consistent with a full, modern renovation required for an 'Excellent' rating. Bathroom conditions are not explicitly shown but are likely consistent with the overall interior aesthetic, which is clean and functional but not fully modernized.
Year Built
1987
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
IG25071587
Home ConditionGood
Features
Good View: Lake, Mountain(s), Neighborhood, Trees/Woods
Deck
ViewLake, Mountain(s), Neighborhood, Trees/Woods

About this home

LAKE VIEW with opportunities for multiple investments. Located in beautiful Lake Arrowhead, with LAKE RIGHTS, this pride of ownership 4 bedroom 3 bathroom home has it all! Lake view, WHOLE HOUSE GENERATOR, attached oversized 2 car garage, Mother-in-law quarters with its own separate entrance, seasonal stream, fenced in play yard, lighted gazebo, and fully landscaped yard with fruit trees and rose bushes. Walk in to the main level with half bath, laundry, living room, kitchen overlooking the dining area, and lower back deck. The kitchen offers tons of storage with cupboards and a walk-in pantry. Entertain guests or have a meal with the family in the large dining area including a buffet table and bay window overlooking the play yard, with easy access to the back deck for possible BBQ events. The living room provides ample space for gathering around a cozy fire, enjoying a movie on the mounted TV, or reading a good book in the bay window facing the lake. The second floor contains 3 bedrooms, one with its own private deck, full bath, and separate entrance to the Mother-in-law quarters on the upper level! There you will find a kitchenette, bedroom with walk-in closet space and en-suite bath, plus the bonus room with wood burning stove and private deck with lake view! From here you can enjoy the Fourth of July fireworks and The Village concerts without leaving the comfort of your own home! To top it all off, the beautifully landscaped yard is gated by wrought-iron fencing and contains a custom built play yard and gazebo! Amazing curb appeal in all four seasons, with easy access on one of the FIRST PLOWED roads, tons of sun, and beautiful exterior lighting to showcase the home at night! Not to mention the home has been repainted inside and out, new exterior doors and slider installed in 2024, a Generac whole house generator and permitted back decks installed in 2023, roof and hot water heater replaced in 2022, and don’t forget the new electrical box with 220 volt wiring outside of the garage for RV or EV charging! Move in full time, rent out the upper level, use as a vacation home or short term rental, or take over the current daycare business for immediate income! *Buyer to do their own due diligence on obtaining permits for Short term rental and daycare business.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•1.3mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.1mi
4/10
Charles Hoffman Elementary School
Public,•K-5•7.7mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•0.7mi
/10
Rim Virtual
Public,•K-8•1.6mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.7mi
Condition Rating
Good
The property, built in 1987, has undergone extensive and recent major system updates within the last 1-3 years, including a new roof, hot water heater, electrical panel, whole-house generator, exterior doors, and paint. This makes it move-in ready with well-maintained and functional major systems. However, the kitchen, while having updated stainless steel appliances, features older style natural wood cabinets and laminate countertops, and the flooring is a mix of older tile and carpet, which are not consistent with a full, modern renovation required for an 'Excellent' rating. Bathroom conditions are not explicitly shown but are likely consistent with the overall interior aesthetic, which is clean and functional but not fully modernized.
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 = 15730, living area = 2602.
Prime Lake Location & Rights: The property boasts desirable lake views and includes valuable Lake Rights, enhancing its appeal for recreational use and offering scenic enjoyment, including views of fireworks and concerts.
Versatile Income/Guest Potential: Features a dedicated mother-in-law quarters with a separate entrance, kitchenette, and bonus room, providing significant flexibility for guest accommodation, multi-generational living, or potential rental income (vacation rental, long-term, or even a daycare business).
Extensive Recent Upgrades & Modern Amenities: The home has undergone substantial recent improvements, including interior/exterior repainting (2024), new exterior doors/slider (2024), a Generac whole house generator (2023), permitted back decks (2023), roof and hot water heater replacement (2022), and a new electrical box with 220V wiring for RV/EV charging.
Excellent Accessibility & Curb Appeal: Located on one of the first plowed roads, ensuring easy year-round access. The property also features a beautifully landscaped yard with fruit trees, rose bushes, a fenced play yard, lighted gazebo, and wrought-iron fencing, contributing to strong curb appeal.
Oversized Attached Garage: An attached oversized 2-car garage provides ample parking and storage, a practical and sought-after feature in mountain communities.

Cons

Significant Overpricing: The current listing price of $1.1M is substantially higher than the estimated property value of approximately $425k, indicating a significant valuation discrepancy and potential overpricing relative to market comparables.
Permit Uncertainty for Business/Rental Use: While advertised for investment opportunities like short-term rentals or a daycare business, the listing explicitly states that buyers must conduct their own due diligence on obtaining necessary permits, suggesting potential hurdles or additional costs.
Age of Core Structure: Built in 1987, despite numerous recent updates, the underlying structure and potentially some original systems or design elements may reflect its age, which could lead to unforeseen maintenance or renovation needs not covered by the listed improvements.

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