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512 Vista Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath

512 Vista Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$399,800
512 Vista Lane, Big Bear Lake, California 92315
2Beds
2Baths
1,350Sqft
3,000Lot

Price Vs. Estimate

The estimated value ($210,828.03) is $188,971.97 (47%) lower than the list price ($399,800). This property may be overpriced.

Key pros and cons

Top Pros:
Dual Living/Income Potential: The property features two separate living spaces with independent entrances and kitchens, offering excellent flexibility for rental income, multi-generational living, or a dedicated guest suite.
Top Cons:
Significant Valuation Discrepancy: The listing price of $399,800 is substantially higher than the estimated property value of $210,828, indicating potential overpricing or a need for a detailed appraisal justification.

Compared to the nearby listings

Price:$399.8K vs avg $637.5K ($-237,650)13%
Size:1,350 sqft vs avg 1,714 sqft36%
Price/sqft:$296 vs avg $3957%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, the property is well-maintained and functional, but the kitchens and bathrooms show signs of being outdated. The light wood cabinets and laminate countertops in the kitchens, along with the older style vanities and tiled floors in the bathrooms, suggest renovations that are likely 15-30 years old. While move-in ready, it would benefit from cosmetic updates to meet current aesthetic standards.
Year Built
1977
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$296
HOA
-
Days on market
-
Sold On
-
MLS number
OC24245365
Home ConditionFair
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

Discover the perfect blend of versatility and mountain charm with this exceptional property. Featuring two separate living spaces, this home offers endless possibilities for investors, vacationers, or those seeking a serene retreat. The main-level primary unit boasts breathtaking mountain views, creating a cozy and inviting atmosphere. The downstairs unit, complete with its own private entrance and kitchen, is ideal as an “in-law” suite or an additional rental opportunity. Enjoy the flexibility of renting each unit separately or together, maximizing your investment potential. Nestled in a prime location near the heart of Big Bear, this property provides unparalleled convenience. You’ll be just minutes away from the lake, the vibrant village, and the picturesque Boulder Bay, making it a haven for outdoor enthusiasts and nature lovers alike. Whether you’re a seasoned investor or looking for your dream mountain getaway, this home is a rare gem in the Big Bear market!

Condition Rating
Fair
Built in 1977, the property is well-maintained and functional, but the kitchens and bathrooms show signs of being outdated. The light wood cabinets and laminate countertops in the kitchens, along with the older style vanities and tiled floors in the bathrooms, suggest renovations that are likely 15-30 years old. While move-in ready, it would benefit from cosmetic updates to meet current aesthetic standards.
Pros & Cons

Pros

Dual Living/Income Potential: The property features two separate living spaces with independent entrances and kitchens, offering excellent flexibility for rental income, multi-generational living, or a dedicated guest suite.
Prime Big Bear Location: Strategically located minutes from Big Bear Lake, the Village, and Boulder Bay, providing unparalleled convenience for recreation and amenities.
Breathtaking Mountain Views: The main-level unit offers stunning mountain views, enhancing the property's aesthetic appeal and desirability.
Strong Investment Opportunity: Explicitly marketed for investors due to its versatile layout and potential for separate or combined unit rentals, maximizing income generation.
Charming Mountain Retreat Ambiance: The property embodies a 'mountain charm' and 'serene retreat' atmosphere, appealing to those seeking a cozy getaway or vacation home.

Cons

Significant Valuation Discrepancy: The listing price of $399,800 is substantially higher than the estimated property value of $210,828, indicating potential overpricing or a need for a detailed appraisal justification.
Age and Potential for Updates: Built in 1977, the property's age suggests that systems, finishes, or overall condition may require updates or maintenance, which is not explicitly addressed in the description.
Limited Lot Size: With a lot size of 3,000 sqft, the property offers minimal outdoor space, which might be a drawback for buyers seeking larger yards or expansion potential in a mountain setting.

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