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28597 Wabash Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

28597 Wabash Drive, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$569,000
28597 Wabash Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,663Sqft
10,584Lot

Price Vs. Estimate

The estimated value ($198,814.12) is $370,185.88 (65%) lower than the list price ($569,000). 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 = 10584, living area = 1663.
Top Cons:
Significant Price Discrepancy: The property's listing price is substantially higher than its estimated value (estimation ratio -65%), suggesting potential overpricing or a disconnect with market comparables.

Compared to the nearby listings

Price:$569.0K vs avg $675.0K ($-106,000)33%
Size:1,663 sqft vs avg 1,933 sqft31%
Price/sqft:$342 vs avg $35048%

More Insights

Built in 1977 (48 years old).
Condition: The property, built in 1977, has undergone significant recent renovations, including a remodeled kitchen with modern stainless steel appliances, updated shaker-style cabinets, and dark countertops. The bathrooms feature updated vanities, countertops, and modern fixtures. Key infrastructure updates like a new water line and re-plumbing are noted. While some light fixtures (fluorescent panels) and the living room chandelier are not brand new, and there's no explicit mention of a cooling system, the overall condition is move-in ready with well-maintained systems and minimal wear, aligning with the 'Good' criteria for a property extensively renovated within the last 5-15 years.
Year Built
1977
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
$342
HOA
-
Days on market
-
Sold On
-
MLS number
IG25032550
Home ConditionGood
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods

About this home

You really should see this secluded, remodeled, fully furnished & ready to move in prow home in a great price range and a terrific lake-rights location. The house is near a main road, yet completely secluded, with a long, tree lined driveway from the street to the house including extra parking, a turn-around & a large storage shed. There is also a large, finished build up game room, new water line and the home is re-plumbed. Nestled in the serene Arrowhead Woods neighborhood of Lake Arrowhead, this charming 3-bedroom, loft & 2-bathroom home offers 1,663 square feet of living space on a 10,584-square-foot lot. This home features a spacious open-concept living area with vaulted ceilings and a cozy fireplace, creating a warm and inviting atmosphere. The large open kitchen is equipped with modern appliances, & an island - perfect for culinary enthusiasts. The master suite includes an en-suite bathroom, providing a private retreat. Additional highlights include a large deck overlooking the wooded surroundings, ideal for outdoor relaxation. Located just minutes from Lake Arrowhead Village, you can enjoy shopping, dining, and entertainment options. This home offers a tranquil mountain retreat. So add up the advantages and take a look: Price, Seclusion, and Lake Rights.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.0mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.7mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.2mi
/10
Rim Virtual
Public,•K-8•1.6mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.3mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.9mi
Condition Rating
Good
The property, built in 1977, has undergone significant recent renovations, including a remodeled kitchen with modern stainless steel appliances, updated shaker-style cabinets, and dark countertops. The bathrooms feature updated vanities, countertops, and modern fixtures. Key infrastructure updates like a new water line and re-plumbing are noted. While some light fixtures (fluorescent panels) and the living room chandelier are not brand new, and there's no explicit mention of a cooling system, the overall condition is move-in ready with well-maintained systems and minimal wear, aligning with the 'Good' criteria for a property extensively renovated within the last 5-15 years.
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 = 10584, living area = 1663.
Lake Rights: The property includes valuable lake rights, a highly sought-after amenity in Lake Arrowhead, enhancing recreational opportunities and property value.
Turnkey & Remodeled: Described as 'remodeled, fully furnished & ready to move in,' offering immediate occupancy and convenience for buyers or potential renters.
Secluded Location with Ample Parking: Benefits from a 'completely secluded' setting with a 'long, tree lined driveway' and 'extra parking, a turn-around & a large storage shed,' providing privacy and practical space.
Recent Infrastructure Upgrades: Features 'new water line and the home is re-plumbed,' indicating significant and costly updates to essential systems, reducing immediate maintenance concerns.
Functional & Inviting Interior: Offers a 'spacious open-concept living area with vaulted ceilings and a cozy fireplace,' a 'large open kitchen with modern appliances & an island,' and a 'large, finished build up game room.'

Cons

Significant Price Discrepancy: The property's listing price is substantially higher than its estimated value (estimation ratio -65%), suggesting potential overpricing or a disconnect with market comparables.
Age of Construction: Built in 1977, the property is nearly 50 years old, which may imply potential for age-related maintenance or less modern construction standards despite recent remodels.
No Mention of Cooling System: The description highlights a fireplace for warmth but does not mention any air conditioning or cooling system, which could be a comfort concern during warmer seasons.

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