40415 Big Bear Boulevard, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 1 bath
ACTIVE$299,990
40415 Big Bear Boulevard, Big Bear Lake, California 92315
2Beds
1Bath
658Sqft
2,700Lot
Price Vs. Estimate
The estimated value ($123,452.16) is $176,537.84 (58%) lower than the list price ($299,990). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Walkability: The property boasts an exceptional location, within walking distance to The Marina, Big Bear Lake, Alpine Slide, numerous hiking trails, and The Village, offering convenient access to restaurants, shopping, and nightlife.
Top Cons:
Significant Valuation Discrepancy: The current list price of $299,990 is substantially higher than the estimated property value of $123,452.16 (estimation ratio -58), indicating potential overpricing relative to market analysis.
Compared to the nearby listings
Price:$300.0K vs avg $637.5K ($-337,460)2%
Size:658 sqft vs avg 1,714 sqft2%
Price/sqft:$456 vs avg $39673%
More Insights
Built in 1956 (69 years old).
Condition: Despite being built in 1956, the property benefits from a recently remodeled kitchen and bathroom, featuring modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and contemporary fixtures. Dual-pane windows are also a significant upgrade. While the living room and bedrooms retain dated wood paneling and older carpets, the critical and most expensive areas (kitchen and bath) are move-in ready and updated to a good standard, aligning with the 'Good' criteria of having some components updated without a full recent renovation.
Year Built
1956
Close
-
List price
$300K
Original List price
$365K
Price/Sqft
$456
HOA
-
Days on market
-
Sold On
-
MLS number
OC23149385
Home ConditionGood
Features
Good View: Mountain(s), Trees/Woods
ViewMountain(s), Trees/Woods
About this home
Prime location with a seasonal creek in the backyard !!! Walking distance to The Marina, the lake, Alpine Slide, many hiking trails and The Village, which contains the best restaurants, shopping and nightlife that Big Bear has to show! This cozy 2 bed/1 bath property comes with a remodeled kitchen & bathroom, as well as dual pane windows. The property is located on a C-3 Commercial zoning with the possibility for use as a retail shop or office.
Condition Rating
Good
Despite being built in 1956, the property benefits from a recently remodeled kitchen and bathroom, featuring modern white shaker cabinets, stainless steel appliances, subway tile backsplashes, and contemporary fixtures. Dual-pane windows are also a significant upgrade. While the living room and bedrooms retain dated wood paneling and older carpets, the critical and most expensive areas (kitchen and bath) are move-in ready and updated to a good standard, aligning with the 'Good' criteria of having some components updated without a full recent renovation.
Pros & Cons
Pros
Prime Location & Walkability: The property boasts an exceptional location, within walking distance to The Marina, Big Bear Lake, Alpine Slide, numerous hiking trails, and The Village, offering convenient access to restaurants, shopping, and nightlife.
Commercial Zoning (C-3) & Versatility: Located on C-3 Commercial zoning, this property offers unique versatility with the possibility for use as a retail shop or office, expanding its investment potential beyond residential use.
Recent Interior Upgrades: The property features a recently remodeled kitchen and bathroom, providing modern aesthetics and functionality, along with energy-efficient dual-pane windows.
Natural Backyard Feature: A seasonal creek in the backyard adds a unique and tranquil natural element, enhancing the property's charm and outdoor appeal.
Scenic Views: The property offers pleasant views of mountains and trees, contributing to a desirable Big Bear living experience.
Cons
Significant Valuation Discrepancy: The current list price of $299,990 is substantially higher than the estimated property value of $123,452.16 (estimation ratio -58), indicating potential overpricing relative to market analysis.
Compact Size: With only 658 square feet of living space and a 2700 square foot lot, the property is quite small, which may limit its appeal to buyers seeking more spacious accommodations or outdoor areas.
Price Reduction History: The property has undergone a significant price reduction from its original list price of $365,000 to $299,990, suggesting market resistance or an initial overestimation of its value.