27888 Rainbow Lane, Highland, California 92346, Highland, 92346 - 4 bed, 2 bath
ACTIVE$599,000
27888 Rainbow Lane, Highland, California 92346
4Beds
2Baths
1,296Sqft
7,200Lot
Price Vs. Estimate
The estimated value ($253,386.22) is $345,613.78 (57%) lower than the list price ($599,000). 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 = 7200, living area = 1296.
Top Cons:
Significant Overpricing: The current listing price of $599,000 is substantially higher than the estimated property value of $253,386, indicating a potential overvaluation that could deter buyers.
Compared to the nearby listings
Price:$599.0K vs avg $585.0K (+$14,000)55%
Size:1,296 sqft vs avg 1,806 sqft15%
Price/sqft:$462 vs avg $31695%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this property is well-maintained for its age and benefits from significant functional upgrades like paid-off solar panels, a soft water system, and a saltwater pool. Recent cosmetic updates include new carpet in bedrooms and a freshly painted main restroom. However, the kitchen and bathrooms, while clean and functional, exhibit dated styles with older cabinetry and fixtures, suggesting they have not undergone extensive modern renovations. The property is move-in ready but would require updates to meet current aesthetic standards in key areas.
Year Built
1980
Close
-
List price
$599K
Original List price
$605K
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
PW24228803
Home ConditionFair
Features
Good View: Mountain(s)
Pool
Patio
ViewMountain(s)
About this home
WELCOME HOME to this lovely Single Story Home with a nice salt water Pool Home with variable master pump and paid off Solar Panels, also includes a Soft water system throughout the home, yard sprinkler system and new carpet in the bedrooms as well as recently painted main restroom. This lovely home offers an open floor plan that is great for entertaining. The property also comes with RV parking and is close to schools, shopping, outdoor activities, and minutes from the 210 Fwy, Yamava Casino, Lake Arrowhead, Big Bear, Cresline, and other mountain communities and trails. A must See home!
Condition Rating
Fair
Built in 1980, this property is well-maintained for its age and benefits from significant functional upgrades like paid-off solar panels, a soft water system, and a saltwater pool. Recent cosmetic updates include new carpet in bedrooms and a freshly painted main restroom. However, the kitchen and bathrooms, while clean and functional, exhibit dated styles with older cabinetry and fixtures, suggesting they have not undergone extensive modern renovations. The property is move-in ready but would require updates to meet current aesthetic standards in key areas.
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 = 7200, living area = 1296.
Energy Efficiency & Cost Savings: The property features paid-off solar panels and a soft water system, offering significant long-term savings on utility bills and enhanced home comfort.
Outdoor Living & Recreation: A saltwater pool with a variable master pump provides a desirable amenity for relaxation and entertainment, especially in the California climate.
Practical Amenities & Layout: Includes valuable RV parking, a yard sprinkler system, and a single-story open floor plan, catering to convenience and modern living preferences.
Recent Interior Updates: New carpet in the bedrooms and a recently painted main restroom indicate a level of care and readiness for immediate occupancy.
Convenient Location: Strategically located close to schools, shopping, outdoor activities, major freeways (210 Fwy), and popular recreational destinations like Lake Arrowhead and Big Bear.
Cons
Significant Overpricing: The current listing price of $599,000 is substantially higher than the estimated property value of $253,386, indicating a potential overvaluation that could deter buyers.
Age of Property & Potential for Updates: Built in 1980, the property is over 40 years old, suggesting that while some cosmetic updates have been made, major systems (e.g., HVAC, plumbing, electrical) may be original and could require future investment.
Compact Interior Space: With 1296 sqft for 4 bedrooms, the interior living space is relatively compact, which might lead to smaller room sizes and could be a consideration for buyers seeking more expansive living areas.