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514 Grizzly Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 2 bath

514 Grizzly Road, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$749,000
514 Grizzly Road, Lake Arrowhead, California 92352
4Beds
2Baths
2,110Sqft
10,900Lot

Price Vs. Estimate

The estimated value ($667,282.92) is $81,717.08 (10%) lower than the list price ($749,000). This property may be overpriced.

Key pros and cons

Top Pros:
Lake Rights & Proximity: The property includes valuable lake rights and is exceptionally close to the lake (2-minute drive), a prime amenity in Lake Arrowhead.
Top Cons:
Age of Property: Built in 1968, the property's age, despite stated updates, may imply older underlying systems or design elements that could require future attention.

Compared to the nearby listings

Price:$749.0K vs avg $675.0K (+$74,000)59%
Size:2,110 sqft vs avg 1,948 sqft61%
Price/sqft:$355 vs avg $35150%

More Insights

Built in 1968 (57 years old).
Condition: Built in 1968, this property shows signs of being well-maintained with significant functional updates like AC, a whole house generator, and a new 200 Amp electrical panel. The hardwood flooring appears to be in good condition. However, the kitchen, while clean and functional, features cabinet styles and some appliances that suggest a renovation from 15-30 years ago, making it aesthetically dated. The absence of bathroom images prevents a full assessment of those key areas, but based on the kitchen's style, they are likely similarly updated or older. While move-in ready as described, the overall aesthetic and age of the primary living spaces align with a 'Fair' condition, indicating it's aged but maintained, with major components functional but showing signs of being outdated in style.
Year Built
1968
Close
-
List price
$749K
Original List price
$829K
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
IG25023602
Home ConditionFair
Features
Good View: Trees/Woods
Deck
Spa
ViewTrees/Woods

About this home

WHAT A DEAL on Such an Amazing House!!! LAKE RIGHTS? YES! 2-CAR GARAGE? YES!! FENCED BACKYARD? YES, YES, YES!!! And a Hot Tub Too!! This is the PERFECT Mountain Home, Just Ready to Move in & Enjoy! No Remodeling Needed!! Beamed Ceilings & Cozy Woodburning Fireplace in the Living Room, Oversized Kitchen with So Much Storage, Great Entryway too! The Backyard is Amazing with Great Entertainers Deck & Hot Tub - Just Perfect for Kids & Dogs!! Great 2-Car Garage with Plenty of Storage and a Workshop! Master Bedroom is on the Main Level with Access to the Backyard for a Quick Dip in the Hot Tub! Upstairs are 2 More Bedrooms Plus a Game Room/4th bedroom! AC, WHOLE HOUSE GENERATOR and New 200 Amp Electric Panel! Furnishings are Negotiable! Just a 2-Minute Drive to the LAKE!!! 3-Minute Drive to BLUE JAY!! Fantastic Location!! And You Will LOVE the NEIGHBORHOOD!!! Gorgeous Pines & Cedars Everywhere... Definitely Feels Like You are in the Mountains!!! Home Has Been a Successful Short Term Rental... Income Provided Upon Request!

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.1mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•5.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•7.8mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•0.3mi
/10
Rim Virtual
Public,•K-8•0.8mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.9mi
Condition Rating
Fair
Built in 1968, this property shows signs of being well-maintained with significant functional updates like AC, a whole house generator, and a new 200 Amp electrical panel. The hardwood flooring appears to be in good condition. However, the kitchen, while clean and functional, features cabinet styles and some appliances that suggest a renovation from 15-30 years ago, making it aesthetically dated. The absence of bathroom images prevents a full assessment of those key areas, but based on the kitchen's style, they are likely similarly updated or older. While move-in ready as described, the overall aesthetic and age of the primary living spaces align with a 'Fair' condition, indicating it's aged but maintained, with major components functional but showing signs of being outdated in style.
Pros & Cons

Pros

Lake Rights & Proximity: The property includes valuable lake rights and is exceptionally close to the lake (2-minute drive), a prime amenity in Lake Arrowhead.
Turnkey & Modern Upgrades: Described as 'No Remodeling Needed,' the home is ready for immediate enjoyment and features significant modern upgrades including AC, a whole house generator, and a new 200 Amp electric panel.
Proven Income Potential: The home has a track record as a successful short-term rental, offering a clear income-generating opportunity for investors.
Outdoor Living & Amenities: Features a fenced backyard, a hot tub, and a great entertainers deck, providing excellent spaces for recreation and social gatherings.
Functional Layout & Storage: Offers an oversized kitchen with ample storage, a convenient main-level master bedroom with backyard access, and a 2-car garage with additional storage and a workshop.

Cons

Age of Property: Built in 1968, the property's age, despite stated updates, may imply older underlying systems or design elements that could require future attention.
Absence of Lake View: While offering pleasant trees/woods views, the property lacks direct lake views, which are often a premium feature and highly sought after in the Lake Arrowhead market.
Price Reductions: The property has undergone multiple price reductions from its original list price, which could suggest initial overvaluation or a slower market response, potentially impacting perceived value.

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