399 Crater Lake, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
399 Crater Lake
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 399 Crater Lake, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $619,900—significantly undercutting the $648,343 Fair Market Value by 4%. This valuation gap indicates a +$28,443 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Big Bear Lake 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 |
|---|---|---|---|---|---|---|
★ 399 Crater Lake Subject | $619,900* List Price | 3 | 2 | 1,534 | $423 | - |
A 565 Golden West Sold | $575,000 | 4 | 2 | 1,432 | $402 | 0.9 mi |
B 879 Waldstrasse Way Sold | $705,000 | 3 | 2 | 2,004 | $352 | 0.2 mi |
C 42648 Sonoma Drive Sold | $543,000 | 3 | 2 | 1,336 | $406 | 0.3 mi |
D 764 Silver Tip Drive Sold | $630,000 | 3 | 2 | 1,503 | $419 | 0.8 mi |
E 800 Club View Drive Sold | $500,000 | 3 | 2 | 998 | $501 | 0.6 mi |
F 42535 Avalon Road Active | $699,900 List Price | 4 | 2 | 1,584 | $442 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1982, this property has undergone extensive and recent modern renovations. The kitchen features new stainless steel appliances, granite countertops, white shaker-style cabinets, a farmhouse sink, and subway tile backsplash, all in excellent, contemporary condition. Both bathrooms are also fully updated with modern vanities, fixtures, and finishes. The property boasts new wood grain laminate flooring, dual-pane windows, a newer roof, and a new garage door. The overall aesthetic is fresh, clean, and move-in ready, meeting current quality standards with virtually new components.
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 = 7500, living area = 1534.
- Extensive Modern Upgrades
The property boasts extensive recent upgrades including wood grain laminate flooring, new appliances, granite countertops, dual pane windows, a newer roof, and a new garage door, offering a move-in ready experience.
- Desirable Location
Situated on a 7,500 sqft cul-de-sac lot within the high-demand Skyview Estates/Fox Farm area, providing privacy, reduced traffic, and strong neighborhood appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Lower-Rated Local Schools
The property is located within a district with elementary, middle, and high schools having relatively low ratings (2, 3, and 6 respectively), which may be a concern for families with school-aged children.
- Property Age
Built in 1982, while extensively upgraded, the underlying structure and potentially some systems are over 40 years old, which might require future maintenance considerations not covered by recent renovations.
About 399 Crater Lake
SAY HELLO TO A GOOD BUY! Wait until you see the extensive upgrades to this immaculate 3-bedroom, 2 full bathroom custom beauty with open floor plan, wood grain laminate flooring, new appliances, granite countertops in the kitchen, breakfast bar, french doors off dining area, vaulted ceilings, huge master suite including a sitting area with electric pellet fireplace, custom tile-faced fireplace with insert in living room, dual pane windows, skylights in master bathroom, 2-car garage with new garage door, newer roof and a fenced back-yard patio area that will knock your socks off. This hidden gem is located on a 7,500-square-foot cul-de-sac lot in a high-demand area of Skyview Estates/Fox Farm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 7,500 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
Big Bear Lake Unified Schools
Big Bear Elementary School
Grades K-6 • 2.1 mi
Big Bear Middle School
Grades 7-8 • 1.6 mi
Big Bear High School
Grades 9-12 • 2.7 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 | 2.0 | 2.0 | 50% |
| Square foot | 1,534 | 1,716 | 46% |
| Lot Size | 7,500 | 8,167 | 42% |
| Price | $619.9K | $647.0K | 47% |
| Price per sq ft | $404 | $393 | 55% |
| Built year | 1982 | 1977 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 215 | 2% |
Pricing History
Listed for Sale
Jan 23, 2026
$619,900
Initial Listing
Sold
Jan 27, 2021
$300,000
Public Record
Sold
Jan 12, 1995
$135,000
Public Record