378 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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378 Grass Valley
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,248Sq Ft
17,280Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$470,401
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $475,000—positioned slightly above the $470,402 Fair Market Value. While the property carries a Fair Condition Rating due to its 1976 vintage, it offers significant upside through cosmetic modernization. Key features include Lake Rights, a large 17,280 sqft lot, and a functional main-floor bedroom layout. Located within the Rim of the World School District, this home provides a stable foundation for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity in a desirable mountain community.
Estimated Market Value
$470,401
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 378 Grass Valley Subject | $475,000* List Price | 3 | 2 | 1,248 | $377 | - |
A 26520 Walnut Hills Drive Sold | $525,000 | 3 | 3 | 1,466 | $358 | 0.2 mi |
B 172 N Fairway Sold | $549,000 | 3 | 3 | 1,704 | $322 | 0.6 mi |
C 26375 Augusta Active | $550,000 List Price | 3 | 2 | 1,248 | $441 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1976 (48 years old) with no documented recent renovations. While the property appears well-maintained and functional, the interior photos show dated wood-paneled ceilings and older finishes. It meets the criteria for 'Fair' as it is move-in ready but requires cosmetic updates and likely system inspections due to its age.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 17280, living area = 1248.
- Lake Rights & Value
The property includes highly sought-after Lake Rights at a competitive price point, providing residents with exclusive access to private lake amenities and recreational activities.
- Accessible Level Lot
Situated on a rare level lot with a circular driveway and a main-floor bedroom and bath, this home offers excellent accessibility and convenience often missing in mountain properties.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1976, the home may require modern updates or renovations to meet current aesthetic trends and improve overall energy efficiency.
- Limited Garage Capacity
The detached one-car garage offers limited covered parking and storage, which may be a drawback for families with multiple vehicles or extensive outdoor gear.
About 378 Grass Valley
One of the best values in Lake Arrowhead with Lake Rights! This charming 3-bedroom, 2-bath mountain home sits on a desirable level lot surrounded by towering pines. The functional floor plan features a BEDROOM AND BATHROOM ON MAIN level for added convenience. Enjoy the spacious front and rear decks, fenced yard, and play set offering plenty of outdoor space for recreation and entertaining. A circular driveway, DETACHED ONE-CAR GARAGE, and abundant additional parking provide easy access for family and guests. Just minutes from Blue Jay and Lake Arrowhead Village, this is an exceptional opportunity to enjoy the Lake Arrowhead lifestyle with Lake Rights at a great value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 17,280 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 3.1 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 4.8 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 7.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,248 | 2,015.827 |
| Lot Size | 17,280 | 10,163.827 |
| Price | $475.0K | $655.9K |
| Price per sq ft | $381 | $341 |
| Built year | 1976 | 1980 |
| HOA | $0 | $544 |
| Days on market | 12 | 78 |
Pricing History
Listed for Sale
Aug 28, 2026
$475,000
Initial Listing
Sold
Aug 26, 1997
$122,500
Public Record
Sold
Aug 30, 1994
$135,500
Public Record