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 Property is a High-Potential Investment Opportunity, listed at $499,900—positioned well below the $516,884 Fair Market Value by 3%. This valuation gap offers $16,984 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern mini-split HVAC, remodeled bathrooms, and a 400 sqft garage. With a lower-level kitchenette and 4-bedroom layout, it is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey mountain retreat with significant rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28975 Alder Terrace Subject | $499,900* List Price | 4 | 2 | 2,000 | $258 | - |
A 29289 Lake View Drive Sold | $450,000 | 4 | 3 | 2,211 | $204 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1976 but features significant updates including remodeled bathrooms and new mini-split HVAC systems. The interior is well-maintained with newer flooring and high ceilings, making it move-in ready, though some exterior paint and wood paneling remain dated.
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 4-bedroom configuration includes a lower-level kitchenette and bonus space, making it an ideal candidate for a high-yield short-term rental or multi-generational living.
The property features modern upgrades such as mini-split AC/heating systems and remodeled bathrooms, and comes fully furnished with high-end pieces, offering immediate move-in readiness.
Built in 1976, the property may have aging infrastructure or original components that require ongoing maintenance despite recent cosmetic and HVAC updates.
With three bedrooms located on the lower level and the master on the main, the vertical separation may not appeal to buyers seeking a more integrated or traditional family floor plan.
RELAXING GETAWAY MOUNTAIN HOME with a huge yard and 400 sqft garage! Large driveway with plenty of parking and a backyard great for kids, gardening, and outdoor hobbies! Great open floor plan with plenty of windows all around to let the mountain views shine in. Quiet location at top of the hill, and just minutes to the village and lake. Master is on the main-level and lower level has 3 bedrooms, full bath, and a bonus kitchenette. Other features include a spacious wrap-around deck perfect for entertaining, mini-split AC & heating systems, remodeled bathrooms, and an open layout with high ceilings upstairs. The home is filled with high-end furniture all included in the sale. This one is perfect as a primary residence or even a short term rental, take advantage of the opportunity and make this home yours TODAY!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 2.0 | 1.5 |
| Square foot | 2,000 | 1,087 |
| Lot Size | 8,168 | 13,277 |
| Price | $499.9K | $316.9K |
| Price per sq ft | $250 | $326 |
| Built year | 1976 | 1966 |
| HOA | $0 | $0 |
| Days on market | 47 | 198 |
Jun 5, 2026
$499,900
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