28387 Larchmont, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
ACTIVE$239,900$898/sqft
Est. Value: $202,837
-15%
AboveEstimate
28387 Larchmont, Lake Arrowhead, California 92352
2Beds
2Baths
898Sqft
3,375Lot
Price Vs. Estimate
The estimated value ($202,837.285) is $37,062.715 (15%) lower than the list price ($239,900). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Mountain Location: Situated in a highly sought-after, peaceful area within Lake Arrowhead, ideal for a mountain retreat or second home.
Top Cons:
Incomplete Renovations: The property 'awaits your finishing touch,' indicating significant remaining work and additional investment required to make it fully move-in ready.
Compared to the nearby listings
Price:$239.9K vs avg $669.0K ($-429,100)1%
Size:898 sqft vs avg 1,971 sqft5%
Price/sqft:$267 vs avg $34117%
More Insights
Built in 1929 (97 years old).
Condition: Built in 1929, this property is currently undergoing extensive renovation and is not habitable. The interior is largely gutted to the studs with exposed wiring and subflooring. There is no functional kitchen, and one bathroom is in a very dirty, dated, and poor state, while the other is mid-renovation with only a new tub and toilet installed. The roof also appears unfinished in some areas. It requires substantial repairs and rehabilitation to be livable.
Year Built
1929
Close
-
List price
$240K
Original List price
$240K
Price/Sqft
$267
HOA
-
Days on market
-
Sold On
-
MLS number
OC26008266
Home ConditionPoor
Features
Good View: Hills, Trees/Woods
Deck
ViewHills, Trees/Woods
About this home
Your Dream Mountain Retreat Awaits Your Finishing Touch! Imagine waking up in your custom-designed cabin in a highly desirable, peaceful area. The current renovations provide a fantastic foundation ("solid bones") to build upon, offering the perfect opportunity to create a personalized second home or a smart investment property. With your vision and creativity, this space can be transformed into a tranquil sanctuary, tailored precisely to your liking. The heavy lifting has started; now you can focus on the details that matter most to you. Don't miss this chance to create your ideal getaway. Inquire today about how to unlock the potential of this unique property!
K
Kip Adkins
Listing Agent
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.7mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.0mi
/10
Rim Virtual
Public,•K-8•1.5mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.4mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
07/05/24
Sold
$200,000
04/30/20
Sold
$300,000
01/23/18
Sold
$150,000
05/20/10
Sold
$65,000
Condition Rating
Poor
Built in 1929, this property is currently undergoing extensive renovation and is not habitable. The interior is largely gutted to the studs with exposed wiring and subflooring. There is no functional kitchen, and one bathroom is in a very dirty, dated, and poor state, while the other is mid-renovation with only a new tub and toilet installed. The roof also appears unfinished in some areas. It requires substantial repairs and rehabilitation to be livable.
Pros & Cons
Pros
Desirable Mountain Location: Situated in a highly sought-after, peaceful area within Lake Arrowhead, ideal for a mountain retreat or second home.
Value-Add Opportunity: The property offers a 'fantastic foundation' with 'solid bones' and 'heavy lifting has started,' providing significant potential for customization and value appreciation.
Accessible Price Point: Listed at $239,900, it presents a relatively affordable entry into the Lake Arrowhead market for a single-family residence.
Scenic Views: Features desirable 'Hills, Trees/Woods' views, enhancing the property's appeal as a tranquil sanctuary.
Investment Potential: Marketed as an excellent opportunity to create a personalized second home or a smart investment property due to its renovation potential.
Cons
Incomplete Renovations: The property 'awaits your finishing touch,' indicating significant remaining work and additional investment required to make it fully move-in ready.
Age of Structure: Built in 1929, the property is nearly a century old, which may imply potential for hidden maintenance issues or the need for updates to systems not covered by current renovations.
Recent Price History: A recent sale in July 2024 for $200,000, followed by the current listing at $239,900, suggests a quick price increase that warrants careful consideration of the value added between transactions.