305 Summit Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
ACTIVE$612,000
305 Summit Road, Lake Arrowhead, California 92352
3Beds
2Baths
1,389Sqft
7,312Lot
Price Vs. Estimate
The estimated value ($598,701.475) is $13,298.525 (2%) lower than the list price ($612,000). This property may be overpriced.
Key pros and cons
Top Pros:
Lake Arrowhead Woods Access: Exclusive access to Lake Arrowhead, enhancing recreational opportunities and property value.
Top Cons:
Price Reduction: Recent price reduction from original list price of $657,000 to $612,000 may indicate market concerns or overpricing.
Compared to the nearby listings
Price:$612.0K vs avg $675.0K ($-63,000)41%
Size:1,389 sqft vs avg 1,933 sqft18%
Price/sqft:$441 vs avg $35175%
More Insights
Built in 1997 (28 years old).
Condition: The property was built in 1997, placing it within the 10-20 year range for a 'good' rating. The listing mentions $110k in upgrades. The kitchen appears functional with modern appliances. The bathrooms appear updated with modern vanities and fixtures. The flooring appears to be in good condition. Overall, the property seems well-maintained and move-in ready, justifying a 'good' condition score.
Year Built
1997
Close
-
List price
$612K
Original List price
$657K
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
CV24201642
Home ConditionGood
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods
About this home
Opportunity for an investor or homeowner. Seller reviewing all offers, including seller financing. STR potential. The seller spared no expense in maintenance. Over $110k in upgrades, permits. Exclusive lake access, Arrowhead Woods. Winter maintained and plowed road access w/ extra parking, zero step from garage to front door. High ceilings, french doors and deck upgrades. Prime spot close to of Lake Arrowhead the Burnt Mill Beach Club, and Lake Arrowhead Village shops and restaurants (4 min drive).
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.1mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.1mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.7mi
/10
Rim Virtual
Public,•K-8•0.5mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•1.4mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.3mi
Condition Rating
Good
The property was built in 1997, placing it within the 10-20 year range for a 'good' rating. The listing mentions $110k in upgrades. The kitchen appears functional with modern appliances. The bathrooms appear updated with modern vanities and fixtures. The flooring appears to be in good condition. Overall, the property seems well-maintained and move-in ready, justifying a 'good' condition score.
Pros & Cons
Pros
Lake Arrowhead Woods Access: Exclusive access to Lake Arrowhead, enhancing recreational opportunities and property value.
STR Potential: Significant potential for short-term rental income, making it an attractive investment opportunity.
Recent Upgrades: Over $110k in upgrades with permits, indicating well-maintained condition and reduced immediate maintenance needs.
Accessibility: Winter-maintained road access with extra parking and zero-step entry from the garage, providing convenience and accessibility.
Proximity to Amenities: Close proximity to Burnt Mill Beach Club and Lake Arrowhead Village shops and restaurants, offering convenience and lifestyle benefits.
Cons
Price Reduction: Recent price reduction from original list price of $657,000 to $612,000 may indicate market concerns or overpricing.
Investor/Homeowner Focus: The listing targets both investors and homeowners, which may dilute the marketing message and appeal.
Limited Square Footage: The property has 1389 sqft, which may be small for some families.