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400 Shakespeare Lane, Big Bear, California 92314, Big Bear, 92314 - 3 bed, 3 bath

400 Shakespeare Lane, Big Bear, California 92314 home-pic-0
ACTIVE$499,999
400 Shakespeare Lane, Big Bear, California 92314
3Beds
3Baths
1,170Sqft
8,678Lot

Price Vs. Estimate

The estimated value ($164,447.745) is $335,551.255 (67%) lower than the list price ($499,999). 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 = 8678, living area = 1170.
Top Cons:
Property Age: Built in 1961, the property's age suggests that major systems (e.g., plumbing, electrical, roof, HVAC) may be original or require significant updates, which are not detailed in the description.

Compared to the nearby listings

Price:$500.0K vs avg $420.0K (+$79,999)63%
Size:1,170 sqft vs avg 1,296 sqft43%
Price/sqft:$427 vs avg $35182%

More Insights

Built in 1961 (64 years old).
Condition: Built in 1961, the property shows signs of being well-maintained but is significantly dated in style and features. The bathroom features extensive wood paneling and older fixtures, including a tub that, while described as a 'heated jacuzzi,' appears to be an older model. The living areas have dated wallpaper, wood paneling, and visible wall heaters, suggesting a lack of central HVAC. While clean and functional, the property requires minor updates to the kitchen (not pictured but likely consistent with the rest of the home) and bathrooms to meet current aesthetic and comfort standards.
Year Built
1961
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
IG25112086
Home ConditionFair
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)

About this home

Discover the essence of mountain living in this fully furnished 3-bed, 2.5-bath retreat in Poets Corner. A rare street-to-street lot offers endless potential—build a garage, ADU, or even split the lot for another home. Just minutes from town and Maple Hills hiking trails, this location blends convenience with nature. Inside, the spacious kitchen and dining area feature a cozy fireplace, perfect for gatherings. Each bedroom provides a restful retreat, while the heated jacuzzi tub in the downstairs bath adds a touch of luxury and place to soak and relax after hiking, mountain biking or skiing. Step outside to low-maintenance Trex decking, ideal for soaking in the mountain ambiance. This home offers great rental potential, making it a fantastic investment opportunity. This property is a fantastic investment or personal getaway. Don’t miss this rare opportunity!-- 3rd party proforma data available by request.

Condition Rating
Fair
Built in 1961, the property shows signs of being well-maintained but is significantly dated in style and features. The bathroom features extensive wood paneling and older fixtures, including a tub that, while described as a 'heated jacuzzi,' appears to be an older model. The living areas have dated wallpaper, wood paneling, and visible wall heaters, suggesting a lack of central HVAC. While clean and functional, the property requires minor updates to the kitchen (not pictured but likely consistent with the rest of the home) and bathrooms to meet current aesthetic and comfort standards.
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 = 8678, living area = 1170.
Development Potential: The rare street-to-street lot offers significant potential for expansion, including building a garage, an ADU, or even splitting the lot for another home, adding considerable future value.
Prime Location: Conveniently located just minutes from town and Maple Hills hiking trails, providing an ideal blend of accessibility to amenities and direct access to nature.
Strong Investment Opportunity: Explicitly highlighted for its 'great rental potential' and described as a 'fantastic investment opportunity,' with 3rd party proforma data available to support this claim.
Desirable Mountain Amenities: Features a cozy fireplace, a luxurious heated jacuzzi tub, and low-maintenance Trex decking, enhancing the mountain living experience and guest appeal.
Fully Furnished: The property comes fully furnished, making it move-in ready for a personal getaway or immediately available for rental income without additional setup costs.

Cons

Property Age: Built in 1961, the property's age suggests that major systems (e.g., plumbing, electrical, roof, HVAC) may be original or require significant updates, which are not detailed in the description.
Potential Overpricing: The property's listing price appears high relative to its estimated market value and comparable sales, indicated by a significant negative estimation ratio, which may deter potential buyers.
Limited Square Footage: At 1170 sqft for a 3-bedroom home, the interior living space is relatively modest, which might be a drawback for buyers seeking more spacious accommodations or larger families.

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