29289 Lake View Drive, Cedar Glen, California 92321, Cedar Glen, 92321 - 4 bed, 3 bath

29289 Lake View Drive, Cedar Glen, California 92321 home-pic-0
ACTIVE$450,000
29289 Lake View Drive, Cedar Glen, California 92321
4Beds
3Baths
2,211Sqft
10,585Lot

Price Vs. Estimate

The estimated value ($415,890.315) is $34,109.685 (7%) lower than the list price ($450,000). 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 = 10585, living area = 2211.
Top Cons:
Age of Property: Built in 1949, the property's age, despite its 'modern farmhouse' styling, may imply older underlying systems (plumbing, electrical, insulation) that could require future maintenance or significant updates not explicitly detailed.

Compared to the nearby listings

Price:$450.0K vs avg $402.5K (+$47,500)75%
Size:2,211 sqft vs avg 1,244.5 sqft92%
Price/sqft:$204 vs avg $30425%

More Insights

Built in 1949 (76 years old).
Condition: The property, built in 1949, presents a 'modern farmhouse' aesthetic with some recent updates like a 'NEW deck' and modern washer/dryer. However, the kitchen features older white cabinets with dated laminate countertops and an older white refrigerator, though the gas range appears newer. Bathrooms also show older vanities, laminate countertops, and strip lighting, indicating they haven't been extensively renovated recently. While the wood-look laminate flooring in some areas is a positive update, the main living areas are carpeted, and the overall style of the kitchen and bathrooms suggests renovations were likely done 15-30 years ago, aligning with a 'fair' condition rating. Major systems like cooling/heating are not explicitly detailed as new, and the age of the property suggests potential for underlying older systems.
Year Built
1949
Close
-
List price
$450K
Original List price
$525K
Price/Sqft
$204
HOA
-
Days on market
-
Sold On
-
MLS number
IG25142027
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
ViewMountain(s), Neighborhood, Trees/Woods

About this home

LEVEL FRONT & LEVEL BACK YARD. Big, sprawling “modern farmhouse” in adorable community of Cedar Glen has it all. On the coveted street of Lake View close to the famous “Malt Shop,” and The Glen shopping center arrive to a formidable property, on all level ground, that soars three levels under the canopy of a large oak. Step into a foyer and beyond into a two-story living room with cathedral ceilings and corner, floor-to-ceiling, lava rock fireplace. On the right, a bank of tall windows brings in natural light, and on the left, an open floor plan reveals the kitchen and dining nook separated by a large eat in bar, all nestled under whitewashed beams above. Sliders open out from the living area & kitchen onto a large NEW deck and huge, perfectly flat backyard. Adjacent is a large cozy den, and another fireplace framed on both sides with whitewashed book shelves the entire length of the room; and a powder room. _____________________Upstairs, a music loft can be seen from below that is connected to a large primary bedroom, another bedroom and a full bath. Travel a short flight of stairs where two smaller bedrooms are perfect for growing children. ____________________________ A short walk downstairs is an entire studio apartment that can be rented. The main room has a living/kitchenette (sink/counter/cabinets), bedroom area and ¾ bath; with separate entrance. Parking at the front of the house is for five cars and on large lot, adjacent to the home is a super-sized two car garage. WHOLE HOUSE GENERATOR

Condition Rating
Fair

The property, built in 1949, presents a 'modern farmhouse' aesthetic with some recent updates like a 'NEW deck' and modern washer/dryer. However, the kitchen features older white cabinets with dated laminate countertops and an older white refrigerator, though the gas range appears newer. Bathrooms also show older vanities, laminate countertops, and strip lighting, indicating they haven't been extensively renovated recently. While the wood-look laminate flooring in some areas is a positive update, the main living areas are carpeted, and the overall style of the kitchen and bathrooms suggests renovations were likely done 15-30 years ago, aligning with a 'fair' condition rating. Major systems like cooling/heating are not explicitly detailed as new, and the age of the property suggests potential for underlying older systems.
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 = 10585, living area = 2211.
Income Potential & Flexible Living: The property includes a separate studio apartment with its own entrance, kitchenette, and 3/4 bath, offering significant potential for rental income or multi-generational living arrangements.
Prime Location & Level Lot: Situated on the coveted Lake View Drive, close to local amenities like the 'Malt Shop' and The Glen shopping center, the property boasts desirable level front and back yards, a rare and highly sought-after feature in mountain communities.
Unique Architectural Features & Outdoor Space: Features a grand two-story living room with cathedral ceilings, a floor-to-ceiling lava rock fireplace, and an open floor plan. It also offers a large NEW deck and a huge, perfectly flat backyard, ideal for entertaining and outdoor enjoyment.
Ample Parking & Essential Amenities: Provides extensive parking with space for five cars at the front and a super-sized two-car garage. The inclusion of a whole house generator is a valuable and practical amenity, ensuring continuous power.
Spacious & Versatile Layout: Described as a 'big, sprawling modern farmhouse' with three levels, including a music loft, a large cozy den with a second fireplace, and multiple bedrooms, offering diverse and adaptable living spaces.

Cons

Age of Property: Built in 1949, the property's age, despite its 'modern farmhouse' styling, may imply older underlying systems (plumbing, electrical, insulation) that could require future maintenance or significant updates not explicitly detailed.
Significant Price Reductions: The property has undergone multiple price reductions from an initial list price of $525,000 down to $450,000, which could indicate initial overpricing, market resistance, or perceived value issues that may affect future resale.
Complex Multi-Level Layout: The three-level design with bedrooms on different flights of stairs and a music loft, while versatile, might not appeal to all buyers seeking easier accessibility, single-level living, or a more cohesive flow, especially with some 'smaller bedrooms'.

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