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329 Grass Valley Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

329 Grass Valley Road, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$575,000
329 Grass Valley Road, Lake Arrowhead, California 92352
3Beds
2Baths
1,891Sqft
10,450Lot

Price Vs. Estimate

The estimated value ($548,826.565) is $26,173.435 (4%) lower than the list price ($575,000). 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 = 10450, living area = 1891.
Top Cons:
Original Condition & Potential for Updates: Built in 1978 by the seller and on the market for the first time, the property likely retains original finishes and systems, suggesting a need for significant modernization to meet current buyer expectations.

Compared to the nearby listings

Price:$575.0K vs avg $675.0K ($-100,000)33%
Size:1,891 sqft vs avg 1,933 sqft47%
Price/sqft:$304 vs avg $35030%

More Insights

Built in 1978 (47 years old).
Condition: Built in 1978 and on the market for the first time, this property is largely in its original condition, making it 46 years old with no significant modern renovations. The kitchen features dated wood cabinetry and older flooring, though appliances appear to be newer stainless steel. Bathrooms are not pictured but are presumed to be similarly dated. Flooring throughout is primarily older carpet, and light fixtures are basic and outdated. While the property appears well-maintained and structurally sound, it lacks modern comfort systems (like AC) and requires substantial cosmetic updates and rehabilitation in the kitchen, bathrooms, and other living areas to meet contemporary standards. It is functional but significantly outdated, aligning with the 'Fair' category's description of an aged home maintained through regular upkeep, where major components are functional but show signs of being outdated and require minor to moderate updates.
Year Built
1978
Close
-
List price
$575K
Original List price
$725K
Price/Sqft
$304
HOA
-
Days on market
-
Sold On
-
MLS number
RW24123172
Home ConditionFair
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods

About this home

Built in 1978 by the seller, this property hit the market for the first time. The home boasts a high ceiling in the living room, complete with a cozy fireplace that invites you to unwind. A large glass window in the living area provides a serene view of the surrounding trees, bringing nature into the living space. The main level features a well-appointed kitchen, a dining area perfect for family meals, and the master bedroom, ensuring convenience and comfort. Upstairs, the property includes two spacious bedrooms and a bath, offering plenty of space for family or guests. The lower level features a welcoming family room with a second fireplace, ideal for gatherings, game nights, or simply relaxing with loved ones. Outside, the property includes a dedicated parking space next to Grass Valley Road and a driveway leading to a 2-car garage, providing ample parking options. The spacious backyard is a haven for outdoor enthusiasts, featuring a patio and additional seating areas under the trees, perfect for barbecues, outdoor dining, or simply enjoying the fresh mountain air. With dual access, there is a private dirt driveway behind the property, offering extra parking for cars, RVs, or boats. Minutes from the Lake Arrowhead Country Club and Arrowhead Ridge, the home provides easy access to a range of recreational activities. It is also just a few minutes from the lake, where residents can enjoy the beautiful scenery, boating, fishing, or simply relax by the water. This property is a rare find, combining a prime location with lake rights, making it a highly desirable option for potential buyers seeking a tranquil mountain lifestyle.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.4mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•5.3mi
4/10
Charles Hoffman Elementary School
Public,•K-5•7.8mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•0.5mi
/10
Rim Virtual
Public,•K-8•0.7mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.7mi
Condition Rating
Fair
Built in 1978 and on the market for the first time, this property is largely in its original condition, making it 46 years old with no significant modern renovations. The kitchen features dated wood cabinetry and older flooring, though appliances appear to be newer stainless steel. Bathrooms are not pictured but are presumed to be similarly dated. Flooring throughout is primarily older carpet, and light fixtures are basic and outdated. While the property appears well-maintained and structurally sound, it lacks modern comfort systems (like AC) and requires substantial cosmetic updates and rehabilitation in the kitchen, bathrooms, and other living areas to meet contemporary standards. It is functional but significantly outdated, aligning with the 'Fair' category's description of an aged home maintained through regular upkeep, where major components are functional but show signs of being outdated and require minor to moderate updates.
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 = 10450, living area = 1891.
Prime Location & Lake Rights: The property boasts a highly desirable location, minutes from Lake Arrowhead Country Club, Arrowhead Ridge, and the lake itself, complete with valuable lake rights.
Ample & Versatile Parking: Offers extensive parking options including a dedicated space, a 2-car garage, and a private dirt driveway with dual access for cars, RVs, or boats, a significant advantage in mountain communities.
Spacious Outdoor Living: The large backyard features a patio and multiple seating areas under trees, ideal for entertaining, outdoor dining, and enjoying the fresh mountain air.
Functional Multi-Level Layout: The home provides a practical layout with a master bedroom on the main level, additional bedrooms upstairs, and a separate family room on the lower level, offering distinct living zones.
Charming Interior Features & Views: High ceilings in the living room, two cozy fireplaces, and large glass windows offering serene tree views contribute to a warm and inviting mountain ambiance.

Cons

Original Condition & Potential for Updates: Built in 1978 by the seller and on the market for the first time, the property likely retains original finishes and systems, suggesting a need for significant modernization to meet current buyer expectations.
Significant Price Reductions & Market Time: Multiple substantial price drops from $725,000 to $575,000 since June 2024 indicate either initial overpricing or market resistance, potentially due to the property's condition or perceived value.
Absence of Modern Comfort Systems: The description does not mention a cooling system (AC) or other contemporary energy-efficient upgrades, which could be a drawback for comfort during warmer months and potentially higher utility costs for a 1978 build.

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