28975 Alder Terrace, Cedar Glen, California 92321, Cedar Glen, 92321 - 4 bed, 2 bath
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Cedar Glen, California 92321
This Versatile Mountain Residence is a High-Potential Investment Opportunity, listed at $549,900—positioned well below the $555,695 Fair Market Value by 1%. This valuation gap offers $5,795 in Instant Equity for buyers. Maintaining a Good Condition Rating, the home features modern mini-split HVAC, a wrap-around deck, and a rare detached garage. The dual-kitchen layout and location within the Rim of the World district provide excellent rental flexibility near Lake Arrowhead. This is an ideal match for Owner-Occupants or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28975 Alder Terrace Subject | $549,900* List Price | 4 | 2 | 2,000 | $278 | - |
A 29289 Lake View Drive Sold | $450,000 | 4 | 3 | 2,211 | $204 | 0.4 mi |
B 534 Cypress Sold | $405,000 | 3 | 2 | 1,408 | $288 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant updates. Key features include modern mini-split heating and cooling systems, updated bathrooms with vessel sinks and marble-style countertops, and consistent laminate flooring. While the 1976 structure and kitchen tile countertops show some age, the overall quality, vaulted wood ceilings, and recent system upgrades align with the 'Good' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8168, living area = 2000.
The 2,000 sqft home features an open layout with high ceilings and a bonus kitchen downstairs, making it an ideal setup for multi-generational living or a high-yield investment opportunity.
The property includes a detached garage and a large backyard, which are highly sought-after and rare features for mountain homes in the Cedar Glen area.
Built in 1976, the home may require more frequent maintenance or updates to its original structural components compared to newer builds.
The secluded forest setting, while peaceful, may involve higher insurance costs and seasonal accessibility challenges typical of the Lake Arrowhead region.
CEDAR GLEN MOUNTAIN RETREAT ~ Nestled in the peaceful forest of Cedar Glen, this charming property offers the perfect blend of privacy, nature, and mountain living. Located just minutes from Lake Arrowhead, this home is ideal as a full-time residence, weekend getaway, or investment opportunity. Features include a spacious wrap-around deck perfect for entertaining, mini-split AC & heating systems, open layout with high ceilings upstairs, and a bonus kitchen downstairs. The home is filled with high-end furniture all included in the sale. Property also includes rare features for the mountains like a detached garage and large backyard, great for enjoying the peaceful forest setting. Experience the best living the mountains have to offer, don’t miss this opportunity to own this tranquil retreat in Cedar Glen!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.5 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,000 | 1,424 | 67% |
| Lot Size | 8,168 | 9,376.5 | 50% |
| Price | $549.9K | $402.5K | 83% |
| Price per sq ft | $275 | $267 | 50% |
| Built year | 1976 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 254 | 17% |
Apr 1, 2026
$549,900
Initial Listing
Feb 17, 2023
$450,000
Public Record
Jul 27, 2020
$369,000
Public Record
Dec 2, 2011
$130,000
Public Record
May 21, 1999
$127,500
Public Record