416 Klamath Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

416 Klamath Drive, Lake Arrowhead, California 92352 home-pic-0
ACTIVE UNDER CONTRACT$649,000
416 Klamath Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,746Sqft
7,700Lot

Price Vs. Estimate

The estimated value ($675,656.46) is $26,656.46 (4%) higher than the list price ($649,000). This property may be underpriced.

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 = 7700, living area = 1746.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1746, other record living area = 1238.

Compared to the nearby listings

Price:$649.0K vs avg $675.0K ($-26,000)43%
Size:1,746 sqft vs avg 1,933 sqft38%
Price/sqft:$372 vs avg $35155%

More Insights

Built in 1970 (55 years old).
Condition: Built in 1970, this property has undergone significant and recent renovations, particularly evident in the kitchen which features modern two-tone cabinetry, updated black appliances, stone countertops, and a contemporary faucet, suggesting a renovation within the last 5-10 years. The flooring throughout is consistent hardwood/laminate in good condition, and the interior boasts fresh paint and updated light fixtures. While the property lacks central air conditioning, it is otherwise move-in ready and well-maintained, aligning with the 'Good' criteria for properties extensively renovated within 5-15 years.
Year Built
1970
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$372
HOA
-
Days on market
-
Sold On
-
MLS number
IG25259726
Home ConditionGood
Features
Good View: Trees/Woods
Deck
Spa
Patio
ViewTrees/Woods

About this home

Tucked in the trees of Arrowhead Woods, this cabin offers the woodsy hideaway everyone comes to the mountains for, just minutes from the Village and the lake. With level parking and near level entry, access is easy year round. Inside, the open concept living area features wood beamed ceilings and a cozy wood burning fireplace, creating a warm, inviting space to unwind after a day outdoors. A bedroom and full bath on the main level provide convenient single level living, while two additional spacious bedrooms and another bath are located upstairs. Outside, the home offers everything you want in a mountain retreat. A large deck lit with café lights overhead provides the perfect spot for grilling, dining, and relaxing among the pines. Down the exterior stairs, a private fenced patio features a hot tub and direct access to the Star Wars themed bonus room complete with a projector screen and gaming setup, making it ideal for movie nights and guest entertainment. Currently operating as a successful Airbnb, this property is a great investment opportunity or a ready to enjoy personal getaway with income potential. It's close to everything location, fun amenities, and inviting layout keep guests returning year after year. With its peaceful woodsy setting, strong rental history, and lake rights included, this cozy retreat is ready to welcome its next owner.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,PK-51.9mi
4/10
Charles Hoffman Elementary School
Public,K-55.8mi
3/10
Valley Of Enchantment Elementary School
Public,K-57.1mi
/10
Rim Virtual
Public,K-81.5mi
5/10
Mary P. Henck Intermediate School
Public,6-82.2mi
6/10
Rim Of The World Senior High School
Public,9-121.9mi

Price History

Date
Event
Price
02/24/95
Sold
$139,000
04/30/21
Sold
$550,000
12/27/19
Sold
$350,000
02/12/13
Sold
$198,500
06/04/10
Sold
$126,000
09/30/05
Sold
$315,000
04/18/02
Sold
$170,000
Condition Rating
Good

Built in 1970, this property has undergone significant and recent renovations, particularly evident in the kitchen which features modern two-tone cabinetry, updated black appliances, stone countertops, and a contemporary faucet, suggesting a renovation within the last 5-10 years. The flooring throughout is consistent hardwood/laminate in good condition, and the interior boasts fresh paint and updated light fixtures. While the property lacks central air conditioning, it is otherwise move-in ready and well-maintained, aligning with the 'Good' criteria for properties extensively renovated within 5-15 years.
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 = 7700, living area = 1746.
Proven Income Potential & Investment Opportunity: Currently operating as a successful Airbnb with a strong rental history, offering immediate income potential for investors or a personal getaway with financial benefits.
Desirable Mountain Retreat Location: Nestled in the peaceful Arrowhead Woods, the property offers a quintessential woodsy hideaway just minutes from Lake Arrowhead Village and the lake.
Excellent Accessibility: Features convenient level parking and near-level entry, ensuring easy year-round access, a significant advantage in a mountain setting.
Valuable Lake Rights: Includes highly sought-after Lake Rights, providing exclusive access to Lake Arrowhead for recreational activities.
Attractive Outdoor & Entertainment Amenities: Boasts a large deck with café lights, a private fenced patio with a hot tub, and a themed bonus room with a projector screen and gaming setup, ideal for guest entertainment.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1746, other record living area = 1238.
Original Construction Year: Built in 1970, the property may require updates to some systems or aesthetics to meet modern preferences, despite its current appeal.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a comfort concern during warmer summer months for some occupants or renters.
Exterior Access to Bonus Room: The bonus room is accessed via exterior stairs, which may be inconvenient during adverse weather conditions or for individuals with mobility limitations.

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