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485 State Hwy 173, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath

485 State Hwy 173, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$549,888
485 State Hwy 173, Lake Arrowhead, California 92352
3Beds
3Baths
1,757Sqft
5,100Lot

Price Vs. Estimate

The estimated value ($412,109.485) is $137,778.515 (25%) lower than the list price ($549,888). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Lake Views: The property boasts wide, unobstructed lake views from its Tier 2 lakefront position, offering a premium visual amenity.
Top Cons:
As-Is Condition & Renovation Needs: The property is sold 'AS-IS' and requires 'finishing touches,' indicating potential for significant renovation costs and effort for the buyer.

Compared to the nearby listings

Price:$549.9K vs avg $675.0K ($-125,112)31%
Size:1,757 sqft vs avg 1,933 sqft40%
Price/sqft:$313 vs avg $35035%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, this property is explicitly listed 'AS-IS' and 'unlikely to qualify for FHA financing,' indicating significant condition issues. The images reveal a very dated interior with flagstone flooring throughout, an incomplete or severely outdated kitchen lacking functional appliances and modern cabinetry, and a large, worn deck in need of substantial repair or replacement. While the 'Mid Century Charm' is noted, the property clearly requires extensive rehabilitation and 'finishing touches' to be livable and meet current standards, aligning with the 'Poor' condition criteria.
Year Built
1959
Close
-
List price
$550K
Original List price
$590K
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
IV25121361
Home ConditionPoor
Features
Excellent View: Hills, Lake, Mountain(s), Water
Deck
ViewHills, Lake, Mountain(s), Water

About this home

ARROWHEAD WOODS MID CENTURY -- You know what that means! (Lake Rights) Make the dream happen with this AS-IS 3 Bed 2.5 bath Mid Century Modern PROPERTY WITH WIDE LAKE VIEWS! The Mid Century Tier 2 Lake Front Home with oversized deck for entertaining is ready for your finishing touches! 3 Bedroom, 2 Bathrooms with half bath prepared. Interior Laundry, and unobstructed views of the prize of the San Bernardino Mountains -- Lake Arrowhead, merely a few steps away. Just down the road from the Marina, The Lake Arrowhead Lake Association, The Mountains Community Hospital, and from foot access points to the lake itself. Ideal location for full time, part time, or even as a dedicated vacation home. The View is hard to beat, the Mid Century Charm is ready for some finishing touches to make this THE lake house to beat all other lake houses. Parking is Via Highway Cut out infront of street. Matterport 360 Tour is available for your review before you go. Property is sold AS IS and unlikely to qualify for FHA financing.

Condition Rating
Poor
Built in 1959, this property is explicitly listed 'AS-IS' and 'unlikely to qualify for FHA financing,' indicating significant condition issues. The images reveal a very dated interior with flagstone flooring throughout, an incomplete or severely outdated kitchen lacking functional appliances and modern cabinetry, and a large, worn deck in need of substantial repair or replacement. While the 'Mid Century Charm' is noted, the property clearly requires extensive rehabilitation and 'finishing touches' to be livable and meet current standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Exceptional Lake Views: The property boasts wide, unobstructed lake views from its Tier 2 lakefront position, offering a premium visual amenity.
Lake Rights & Direct Access: Includes highly coveted Lake Rights and is located just a few steps away from Lake Arrowhead, providing excellent direct access.
Prime Location & Amenities: Strategically situated near the Marina, Lake Arrowhead Lake Association, and Mountains Community Hospital, enhancing convenience and desirability.
Mid-Century Modern Appeal: Features a desirable Mid-Century Modern architectural style with an oversized deck, appealing to buyers seeking unique charm and entertaining space.
Versatile Property Use: Ideal for full-time living, part-time use, or as a dedicated vacation home, broadening its market appeal to various buyer types.

Cons

As-Is Condition & Renovation Needs: The property is sold 'AS-IS' and requires 'finishing touches,' indicating potential for significant renovation costs and effort for the buyer.
Financing Limitations: Unlikely to qualify for FHA financing, which may limit the pool of potential buyers and require conventional or cash offers.
Unconventional Parking: Parking is described as 'Via Highway Cut out infront of street,' suggesting limited, unconventional, and potentially inconvenient parking arrangements.

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