42324 Paramount, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

42324 Paramount
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 42324 Paramount, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $699,000—significantly undercutting the $727,109 Fair Market Value by 3%. This valuation gap indicates a +$28,109 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 42324 Paramount Subject | $699,000* List Price | 3 | 2 | 2,160 | $337 | - |
A 381 Santa Clara Boulevard Sold | $680,000 | 5 | 2 | 2,216 | $307 | 0.2 mi |
B 41625 Mockingbird Drive Sold | $805,000 | 3 | 3 | 2,149 | $375 | 0.9 mi |
C 879 Waldstrasse Way Sold | $705,000 | 3 | 2 | 2,004 | $352 | 0.6 mi |
D 41984 Mapleleaf Drive Sold | $725,000 | 4 | 3 | 2,156 | $336 | 0.7 mi |
E 565 Golden West Sold | $575,000 | 4 | 2 | 1,432 | $402 | 0.7 mi |
F 42736 Tannenbaum Platz Active | $664,900 List Price | 3 | 3 | 2,095 | $317 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and described as turnkey. Despite being built in 1983, it features updated stainless steel kitchen appliances, well-maintained wood-beam ceilings, and a fully finished lower-level entertainment wing with a wet bar. The home shows pride of ownership with no immediate renovations required, fitting the criteria for a well-maintained, functional residence.
PROSSTRENGTHS & OPPORTUNITIES
- Entertainment-Ready Layout
The home features a massive lower-level game room with a built-in wet bar and an expansive cedar deck, making it an ideal turnkey choice for hosting or a high-potential seasonal rental.
- Exceptional Utility & Storage
Rare for the area, this property includes a two-car garage, a dedicated workshop, and full RV/boat hookups, providing significant value for outdoor enthusiasts and hobbyists.
- Classic Mountain Aesthetic
The sun-drenched 'Great Room' boasts soaring wood-beam ceilings, natural skylights, and a floor-to-ceiling stone fireplace, capturing the quintessential Big Bear charm.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned elementary and middle schools have low ratings (2 and 3 respectively), which may be a concern for buyers looking for a primary residence with children.
- 1980s Construction
Built in 1983, the property may require ongoing maintenance or updates to systems like insulation and plumbing to meet modern efficiency standards compared to newer builds.
About 42324 Paramount
Experience the best of Big Bear living in this well-appointed Fox Farm home in an amazing central and charming location. Designed with an open-concept layout, the interior is centered around a sun-drenched "Great Room" featuring soaring wood-beam ceilings, natural skylights, and a floor-to-ceiling stone fireplace. This space flows naturally into the kitchen—equipped with a stainless-steel range and pull-out pantry storage—and a dedicated dining area where glass sliders lead out to an expansive cedar deck. Whether you’re hosting a summer BBQ or enjoying a quiet morning coffee, the surrounding pine trees and mountain views create a peaceful forest backdrop. The home’s three bedrooms include a spacious master suite and a guest bath featuring a soaking tub and separate shower. A standout feature of the property is the lower-level entertainment wing: a massive, dedicated game room with a built-in wet bar, designed specifically for hosting friends or family after a day on the mountain. Beyond the living space, the property offers practical utility rarely found in the area, including a two-car garage, a dedicated workshop for tools and projects, and a large parking area with full RV/boat hookups. Centrally located near the valley’s best dining and shopping, this property is a turnkey choice for a full-time residence, a vacation getaway, or a seasonal rental.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 7,932 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 • 1.8 mi
Big Bear Middle School
Grades 7-8 • 1.3 mi
Big Bear High School
Grades 9-12 • 3.1 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 | 2,160 | 1,733 | 69% |
| Lot Size | 7,932 | 8,167 | 46% |
| Price | $699.0K | $650.0K | 59% |
| Price per sq ft | $324 | $392 | 16% |
| Built year | 1983 | 1977 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 215 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$699,000
Initial Listing
Sold
Jul 14, 2020
$484,000
Public Record
































