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41063 Pennsylvania Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 1 bath

41063 Pennsylvania Avenue, Big Bear Lake, California 92315 home-pic-0
ACTIVE$499,000
41063 Pennsylvania Avenue, Big Bear Lake, California 92315
2Beds
1Bath
964Sqft
7,260Lot

Price Vs. Estimate

The estimated value ($260,062.585) is $238,937.415 (47%) lower than the list price ($499,000). 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 = 7260, living area = 964.
Top Cons:
Limited Bathroom Count: With only one bathroom for two bedrooms, the property may be less accommodating for larger groups or families, potentially limiting its appeal as a vacation rental compared to properties with more facilities.

Compared to the nearby listings

Price:$499.0K vs avg $637.5K ($-138,450)29%
Size:964 sqft vs avg 1,714 sqft16%
Price/sqft:$518 vs avg $39685%

More Insights

Built in 1963 (62 years old).
Condition: The property, built in 1963, has undergone 'some previous updates' including pine cabinets, granite tile countertops, tile flooring, dual pane vinyl windows, updated lighting, and a tiled bathroom. While these updates make the home move-in ready and well-maintained, the style of the kitchen (pine cabinets, granite tile countertops, black appliances) and bathroom (black and white tile, pedestal sink) appears somewhat dated, likely falling into the 15-30 year renovation timeframe. The absence of air conditioning is also a factor. Overall, it's a well-kept older home with functional but not modern updates, aligning with the 'Fair' category.
Year Built
1963
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
PW25081144
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
Spa
ViewMountain(s), Neighborhood, Trees/Woods

About this home

Welcome to 41063 Pennsylvania Avenue, a cozy and well-maintained 2 bedroom, 1 bath cabin ideally located less than 1/3 of a mile from The Village, 3/4 of a mile from the lake and marina, very close to our National Forest trails and only a quick drive to the slopes . Whether you're looking for that perfect mountain retreat, a savvy investment, or both, this cabin checks all the boxes! Step inside to a warm and inviting interior featuring vaulted T&G wood-beamed ceilings, a charming river rock fireplace, and tasteful pine accents throughout. Some previous updates include pine cabinets, granite tile countertops, tile flooring, dual pane vinyl windows and sliders, updated lighting fixtures, and a beautifully tiled bathroom. Both bedrooms offer vaulted ceilings and sliding glass doors, adding easy access to the beautiful natural setting. The spacious laundry/mudroom adds functionality, while the forced air heating keeps the home comfortable year-round. Outside, relax or entertain on the large stamped concrete patio with a peek-a-boo lake view, or fire up the BBQ on the back deck and enjoy the trees and forest views. Parking includes a large pad in the rear and an additional notched-out space in front. This home is proven as a successful short-term vacation rental and offers the perfect blend of location, charm, and income potential. Don’t miss this opportunity to own in one of Big Bear Lake’s most desirable areas!

Condition Rating
Fair
The property, built in 1963, has undergone 'some previous updates' including pine cabinets, granite tile countertops, tile flooring, dual pane vinyl windows, updated lighting, and a tiled bathroom. While these updates make the home move-in ready and well-maintained, the style of the kitchen (pine cabinets, granite tile countertops, black appliances) and bathroom (black and white tile, pedestal sink) appears somewhat dated, likely falling into the 15-30 year renovation timeframe. The absence of air conditioning is also a factor. Overall, it's a well-kept older home with functional but not modern updates, aligning with the 'Fair' category.
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 = 7260, living area = 964.
Prime Location: Ideally situated less than 1/3 of a mile from The Village, 3/4 of a mile from the lake and marina, very close to National Forest trails, and a quick drive to the slopes, offering excellent access to Big Bear Lake's main attractions.
Proven Short-Term Rental Income: The property has a track record as a successful short-term vacation rental, indicating strong income potential and market demand for investors.
Charming Mountain Aesthetic: Features vaulted T&G wood-beamed ceilings, a charming river rock fireplace, and tasteful pine accents, creating an authentic and inviting cabin atmosphere.
Recent Interior Updates: Benefited from previous updates including pine cabinets, granite tile countertops, tile flooring, dual pane vinyl windows and sliders, updated lighting fixtures, and a beautifully tiled bathroom, enhancing its modern appeal and functionality.
Outdoor Living Space & Views: Offers a large stamped concrete patio with a peek-a-boo lake view and a back deck with trees and forest views, providing appealing outdoor areas for relaxation and entertaining.

Cons

Limited Bathroom Count: With only one bathroom for two bedrooms, the property may be less accommodating for larger groups or families, potentially limiting its appeal as a vacation rental compared to properties with more facilities.
Absence of Air Conditioning: The property description only mentions forced air heating, indicating a lack of a cooling system, which could be a drawback during warmer months for both residents and short-term renters.
Older Construction & Partial Modernization: Built in 1963, while having 'some previous updates,' it is an older property that may still have original systems or components not explicitly mentioned as updated, potentially leading to higher maintenance or future renovation costs compared to fully modernized or newer homes.

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