329 Summit Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
329 Summit Road
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 329 Summit Road, Lake Arrowhead, California 92352 reveals a property with a current list price of $1,188,000, which is 7% above the estimated $1,103,847 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 329 Summit Road Subject | $1,188,000* List Price | 3 | 3 | 2,065 | $535 | - |
A 27824 Fern Dell Road Sold | $915,000 | 3 | 2 | 1,840 | $497 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1947, this property retains significant vintage character. While the listing mentions 'updated kitchen' and 'updated full baths,' the images suggest these renovations are more functional and cosmetic than modern, likely dating back 15-30 years. The main kitchen features older-style wood cabinets, a dated tile backsplash, and a mix of appliances. Bathrooms are clean and functional but have simple vanities and finishes. The extensive wood paneling and rustic elements contribute to its charm but are not contemporary. The property is move-in ready and well-maintained, but its age and the style of its updates mean it would benefit from more significant aesthetic and system modernizations to meet current standards, aligning with the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Breathtaking Lake Views & Outdoor Living
The property boasts breathtaking, long-distance lake views from a Trex deck, complemented by mountain and tree views, creating an ideal setting for relaxation and entertaining.
- Vintage Charm with Modern Upgrades
This 1947 'Old Arrowhead Charmer' retains significant original character while featuring updated full bathrooms and an updated kitchen, offering a blend of classic appeal and modern comfort.
- Income Potential / Guest Suite
A large downstairs studio unit with an updated kitchen, full bath, and separate entrance provides excellent potential for rental income or a private guest suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2065, other record living area = 1589.
- Age of Property (Potential Maintenance)
While updated, the 1947 construction year suggests that some original systems or structural components may require future maintenance or upgrades beyond the noted cosmetic improvements.
- Limited Lot Size
The 5,150 sqft lot size is relatively modest for a single-family residence in a mountain/lake community, potentially limiting outdoor expansion or privacy compared to larger parcels.
About 329 Summit Road
This home is an original "Old Arrowhead Charmer, vintage 1947, with a breathtaking Lake-View! And, it's very rare to find a "charmer" with so much of the original vintage character preserved, throughout. Yet, there are upgrades & creature comforts combined with a true classic look to make your life a breeze. Featuring a trex deck with long distance lake views. It's the perfect place for gathering with friends and family. The main house offers three bedrooms and two updated full baths with a large living room with wood-burning rock fireplace, updated kitchen, & separate laundry. Then, there's an absolutely fabulous large downstairs studio unit with and updated kitchen and full bath. And, the unit has it's own separate entrance with French doors and a patio. The entire estate is offered nearly turn-key furnished. Located on a cozy & quiet "no-through traffic" street and just up the street from the Lake Arrowhead Village, the lake & one of the three private beach clubs. This property currently has a STR permit that eases the permit process for the new owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 5,150 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 2.1 mi
Valley Of Enchantment Elementary School
Grades K-5 • 6.2 mi
Charles Hoffman Elementary School
Grades K-5 • 6.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,065 | 1,979.5 | 56% |
| Lot Size | 5,150 | 9,752 | 14% |
| Price | $1.19M | $680.0K | 85% |
| Price per sq ft | $575 | $342 | 89% |
| Built year | 1947 | 1977 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 236 | 4% |
Pricing History
Listed for Sale
Dec 6, 2025
$1,188,000
Initial Listing
Sold
Feb 4, 2022
$1,035,000
Public Record
Sold
Apr 27, 2017
$550,000
Public Record
Sold
Feb 15, 2002
$205,000
Public Record