29160 Arrowhead Drive, Cedar Glen, California 92321, Cedar Glen, 92321 - 2 bed, 2 bath
ACTIVE$325,000
29160 Arrowhead Drive, Cedar Glen, California 92321
2Beds
2Baths
1,012Sqft
2,695Lot
Price Vs. Estimate
The estimated value ($320,452.575) is $4,547.425 (1%) lower than the list price ($325,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Unit Configuration: The property is already separated into two distinct units (one 1-bedroom/1-bathroom upper unit and one studio lower unit), providing immediate flexibility for multi-generational living or significant rental income potential.
Top Cons:
Age of Property: Built in 1947, the home is 77 years old, which may suggest older infrastructure, potential for deferred maintenance, or a need for updates to meet contemporary standards and preferences.
Compared to the nearby listings
Price:$325.0K vs avg $375.0K ($-50,000)42%
Size:1,012 sqft vs avg 1,233.5 sqft33%
Price/sqft:$321 vs avg $32050%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, the property presents a mixed condition. The lower studio unit appears recently updated with modern white shaker cabinets, butcher block countertops, and new compact appliances. However, the upper unit's kitchen features older light wood cabinets, laminate countertops, and dated white appliances. The visible bathroom elements also suggest an older style. While the flooring is consistent and well-maintained, and the property is functional and ready for occupancy/rental, the dated elements in the main unit's kitchen and bathroom, combined with the overall age of the structure, place it in the 'Fair' category, indicating it's aged but maintained with functional components showing signs of being outdated.
Year Built
1947
Close
-
List price
$325K
Original List price
$460K
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
24400635
Home ConditionFair
Features
Good View: Panoramic
Deck
ViewPanoramic
About this home
Great opportunity to own this beautiful home. The home is already separated in two units one Bedroom one bathroom upper unit and one studio unit on the bottom level . The side lots are available for the purchase as well, one side lot is owned by the owner of this house . Great location with a chance to enjoy it or to rent it out for the short or long term as an investment property . The property is fully furnished and equipped so its ready for you to have a great time and opportunity to make a good income in the great area of the Lake Arrowhead and Snow Valley ski resort, just a 30 min drive to Big Bear lakes and ski resort .
Condition Rating
Fair
Built in 1947, the property presents a mixed condition. The lower studio unit appears recently updated with modern white shaker cabinets, butcher block countertops, and new compact appliances. However, the upper unit's kitchen features older light wood cabinets, laminate countertops, and dated white appliances. The visible bathroom elements also suggest an older style. While the flooring is consistent and well-maintained, and the property is functional and ready for occupancy/rental, the dated elements in the main unit's kitchen and bathroom, combined with the overall age of the structure, place it in the 'Fair' category, indicating it's aged but maintained with functional components showing signs of being outdated.
Pros & Cons
Pros
Dual Unit Configuration: The property is already separated into two distinct units (one 1-bedroom/1-bathroom upper unit and one studio lower unit), providing immediate flexibility for multi-generational living or significant rental income potential.
Strong Investment Potential: Explicitly marketed as an investment property suitable for short-term or long-term rentals, fully furnished and equipped, making it ready for immediate income generation in a popular recreational area.
Prime Recreational Location: Situated in the desirable Lake Arrowhead area, with close proximity to Snow Valley ski resort and a 30-minute drive to Big Bear lakes and ski resort, enhancing its appeal for vacation rentals or a mountain getaway.
Expansion Opportunity: The availability of side lots for purchase, with one already owned by the current seller, presents a unique opportunity for future expansion, increased privacy, or additional development.
Significant Price Adjustment: The current list price of $325,000 represents a substantial reduction from the original list price of $460,000, indicating a motivated seller and potential for a favorable acquisition for buyers.
Cons
Age of Property: Built in 1947, the home is 77 years old, which may suggest older infrastructure, potential for deferred maintenance, or a need for updates to meet contemporary standards and preferences.
Modest Square Footage: With a total of 1012 square feet, the living space is relatively compact, which might be a limiting factor for larger families or those desiring more expansive interiors.
Small Lot Size: The property sits on a relatively small lot of 2695 square feet, offering limited outdoor space, although the option to purchase adjacent lots could mitigate this.