28974 Potomac, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
Loading property details...
28974 Potomac
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,344Sq Ft
9,390Lot Size
Property Price
LIST PRICE$585,000
EST. MARKET VALUE
$566,414
3% AboveMARKET VALUE
SUMMARY
This 3-bedroom mountain cabin represents a High-Potential Investment Opportunity, listed at $585,000—positioned well above the $566,415 Fair Market Value by 3%. While the property is priced slightly above market, it offers significant upside through its 4/10 Condition Rating and expansive 9,390 sqft lot. Featuring high T&G ceilings, a wood-burning fireplace, and lake rights, the home provides a classic aesthetic with room for cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, tree-lined retreat in the Rim of the World district.
Estimated Market Value
$566,414
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 |
|---|---|---|---|---|---|---|
★ 28974 Potomac Subject 3 bd · 2 ba · 1,344 sqft · $421 | $585,000* List Price | 3 | 2 | 1,344 | $421 | - |
A 495 Kuffel Canyon Sold 3 bd · 2 ba · 1,470 sqft · $432 · 0.5 mi | $635,000 | 3 | 2 | 1,470 | $432 | 0.5 mi |
B 395 Primrose Sold 4 bd · 3 ba · 1,830 sqft · $382 · 0.8 mi | $699,000 | 4 | 3 | 1,830 | $382 | 0.8 mi |
C 295 Sunsedt Sold 3 bd · 2 ba · 1,000 sqft · $535 · 0.6 mi | $535,000 | 3 | 2 | 1,000 | $535 | 0.6 mi |
D 271 Fremont Road Active 3 bd · 2 ba · 1,640 sqft · $381 · 0.3 mi | $625,000 List Price | 3 | 2 | 1,640 | $381 | 0.3 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 1978, this 48-year-old cabin is well-maintained and functional, but shows its age. The kitchen features dated wood cabinetry and older white appliances, though it has been partially updated with Corian countertops. While move-in ready, the property is overall dated and would benefit from cosmetic updates and minor modernizations.
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 = 9390, living area = 1344.
- Lake Rights & Location
The property includes highly desirable lake rights and is situated just minutes from the amenities of Cedar Glen, offering both recreation and convenience.
- Architectural Character
High tongue-and-groove ceilings combined with floor-to-ceiling windows create a bright, spacious 'tree house' feel that captures the classic mountain cabin aesthetic.
CONSRISKS & DEFICIENCIES
- Limited Lake View
The property features only a 'peek-a-boo' lake view rather than a full panoramic vista, which may impact its competitive appeal compared to premium view lots.
- School Performance
Local elementary schools carry lower ratings (3 and 4), which could be a drawback for buyers prioritizing high-performing educational districts.
About 28974 Potomac
Great 3 bed 1.75 bath cabin is ready for new owners. This cabin is set back off the street and in the trees so you feel like you are in a tree house while enjoying the views from living areas and decks. Upper-level features the main living area with high T & G ceilings, floor-to-ceiling windows which let in lots of natural light, cozy wood burning stone fireplace for chilly fall and winter days, a well-appointed kitchen with Corian counters, dining area and updated bathroom. Wraparound deck with a peak of the lake can be accessed from both dining and living room. The lower level can be either 3 bedrooms or 2 bedrooms with a den/study (currently configured as 2 bedrooms and den), a full bath and laundry/utility room. Very private setting surrounded by tall trees. Long driveway offers off-street parking and only a few steps to enter the lower level from parking area. Complete with lake rights and minutes from Cedar Glen with restaurants, hardware store, shops and a mini market. Schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 9,390 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 1.9 mi
4/10
Charles Hoffman Elementary School
Grades K-5 • 5.5 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 7.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,344 | 1,979.061 |
| Lot Size | 9,390 | 10,277.399 |
| Price | $585.0K | $643.6K |
| Price per sq ft | $435 | $338 |
| Built year | 1978 | 1978 |
| HOA | $0 | $614 |
| Days on market | 31 | 91 |
Pricing History
Listed for Sale
Sep 23, 2026
$585,000
Initial Listing
Sold
Sep 28, 2022
$555,000
Public Record
Sold
Jul 13, 2007
$320,000
Public Record