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524 W Rainbow Boulevard, Big Bear, California 92314, Big Bear, 92314 - 2 bed, 2 bath

524 W Rainbow Boulevard, Big Bear, California 92314 home-pic-0
ACTIVE$390,000$1,058/sqft
Est. Value: $356,154
-8%
AboveEstimate
524 W Rainbow Boulevard, Big Bear, California 92314
2Beds
2Baths
1,058Sqft
2,500Lot

Price Vs. Estimate

The estimated value ($356,153.925) is $33,846.075 (8%) lower than the list price ($390,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Mountain Location: The property boasts an excellent location, just minutes from Big Bear Lake, The Village, and major ski resorts (Bear Mountain, Snow Summit), making it highly desirable for year-round recreational activities.
Top Cons:
Older Construction: Built in 1982, the property may feature aging systems or require updates to meet contemporary standards and aesthetics, potentially leading to future maintenance expenses.

Compared to the nearby listings

Price:$390.0K vs avg $415.0K ($-25,000)45%
Size:1,058 sqft vs avg 1,291 sqft34%
Price/sqft:$369 vs avg $34758%

More Insights

Built in 1982 (44 years old).
Condition: Built in 1982, this property is well-maintained and functional but shows significant signs of age and outdated styles. While the kitchen benefits from updated stainless steel appliances and granite countertops, the wood cabinets and overall aesthetic remain dated. Both bathrooms feature very dated fixtures and styles, including a high-tank toilet and an older shower enclosure. The extensive wood paneling throughout the living areas and some bedrooms, along with older light fixtures, contributes to a rustic but largely outdated interior. The property is livable but would require substantial cosmetic updates to meet current quality standards and modern tastes.
Year Built
1982
Close
-
List price
$390K
Original List price
$390K
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
219140720DA
Home ConditionFair
Features
ViewTrees/Woods

About this home

This charming woodsy home is tucked away in a quiet neighborhood, offering the perfect balance of peaceful mountain living and convenient access to everything Big Bear has to offer. Just minutes from Big Bear Lake and The Village, and less than four miles from Bear Mountain and Snow Summit ski resorts, the location is ideal for year-round enjoyment. This 2-bedroom, 2-bath home features two comfortable sleeping areas, with a bathroom on each level for added convenience. The home is being sold fully furnished, making it an excellent vacation retreat, investment property, or year-round residence for those working full-time or remotely from home. The fully fenced backyard is perfect for pets, and the unfinished bonus space, with possible exterior access and offers flexibility for storage or future use. Relax on your front porch and take in the gorgeous surrounding landscape, where nature and tranquility set the tone for everyday living. Big Bear Lake is Southern California's premier four-season mountain lake escape and one of the world's rare Sky Island Forests. Located in the heart of Southern California, it is the jewel of the San Bernardino National Forest, known for excellent fishing, snow sports, hiking, mountain biking, and a vibrant theater, visual arts, and music scene.

J
Jorge Sanchez
Listing Agent
Condition Rating
Fair
Built in 1982, this property is well-maintained and functional but shows significant signs of age and outdated styles. While the kitchen benefits from updated stainless steel appliances and granite countertops, the wood cabinets and overall aesthetic remain dated. Both bathrooms feature very dated fixtures and styles, including a high-tank toilet and an older shower enclosure. The extensive wood paneling throughout the living areas and some bedrooms, along with older light fixtures, contributes to a rustic but largely outdated interior. The property is livable but would require substantial cosmetic updates to meet current quality standards and modern tastes.
Pros & Cons

Pros

Prime Mountain Location: The property boasts an excellent location, just minutes from Big Bear Lake, The Village, and major ski resorts (Bear Mountain, Snow Summit), making it highly desirable for year-round recreational activities.
Turnkey & Income Potential: Being sold fully furnished, this home is ready for immediate use as a vacation retreat, investment property, or a hassle-free year-round residence.
Versatile Unfinished Bonus Space: An unfinished bonus space with potential exterior access offers flexibility for future customization, additional storage, or expansion, adding potential value.
Pet-Friendly Outdoor Living: The fully fenced backyard is ideal for pets, complemented by a front porch perfect for enjoying the tranquil, woodsy surroundings.
Peaceful Woodsy Setting: Tucked away in a quiet neighborhood with a 'Trees/Woods' view, the home offers a serene and charming mountain living experience.

Cons

Older Construction: Built in 1982, the property may feature aging systems or require updates to meet contemporary standards and aesthetics, potentially leading to future maintenance expenses.
Limited Living Space: With 1058 square feet, the home offers relatively compact living areas, which might be a constraint for buyers seeking more spacious accommodations or those with larger families.
Small Lot Size: The 2500 sqft lot is modest for a mountain property, potentially limiting extensive outdoor recreational space, privacy, or future expansion possibilities compared to other homes in the area.
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