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527 Cottage Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 1 bath

527 Cottage Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$474,000
527 Cottage Lane, Big Bear Lake, California 92315
2Beds
1Bath
976Sqft
10,000Lot

Price Vs. Estimate

The estimated value ($437,150.1) is $36,849.9 (7%) lower than the list price ($474,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Recreational Location: Unbeatable proximity to Big Bear Lake village, the lake itself, and Snow Summit ski resort (under 10 minutes), ideal for a mountain lifestyle.
Top Cons:
Limited Interior Space: With only 976 sqft, 2 bedrooms, and 1 bathroom, the property may be too small for some buyer needs or future expansion without significant renovation.

Compared to the nearby listings

Price:$474.0K vs avg $637.5K ($-163,450)26%
Size:976 sqft vs avg 1,714 sqft16%
Price/sqft:$486 vs avg $39677%

More Insights

Built in 1946 (79 years old).
Condition: Built in 1946, this property shows signs of age with some areas updated more recently than others. The kitchen features dated wooden cabinets, older white appliances, granite-look countertops, and an outdated fluorescent light fixture, suggesting it was last updated 15-30 years ago. However, the bathroom has been recently and tastefully updated with a modern vanity, gold fixtures, and subway tile. The overall flooring is consistent and in good condition, and the property appears well-maintained, but the kitchen would likely require updates for modern tastes, aligning with the 'Fair' condition criteria.
Year Built
1946
Close
-
List price
$474K
Original List price
$489K
Price/Sqft
$486
HOA
-
Days on market
-
Sold On
-
MLS number
IV25030714
Home ConditionFair
Features
Good View: City Lights, Lake
Deck
ViewCity Lights,Lake

About this home

Step into the mountain lifestyle you've been dreaming of! Nestled in a prime location, this inviting 2-bedroom, 1-bathroom home offers the perfect blend of charm and convenience. Imagine waking up to stunning lake views, then taking a leisurely stroll to the village for morning coffee or a lakeside walk. With the slopes of Snow Summit less than 10 minutes away, adventure is always within reach. This two-story home is designed for effortless living. The main floor features a cozy bedroom, ideal for guests or a convenient home office. Upstairs, enjoy privacy and lake views from the second bedroom. Outside, the brand-new concrete driveway welcomes you with style and adds significant curb appeal. The expansive lot offers endless potential for outdoor living—create your own garden oasis, entertain under the stars, or simply bask in the serenity of your surroundings. It’s all about location, and this property delivers—minutes from the village, the lake, and world-class skiing. Don’t miss this rare opportunity to own a slice of paradise where every day feels like a vacation!

Condition Rating
Fair
Built in 1946, this property shows signs of age with some areas updated more recently than others. The kitchen features dated wooden cabinets, older white appliances, granite-look countertops, and an outdated fluorescent light fixture, suggesting it was last updated 15-30 years ago. However, the bathroom has been recently and tastefully updated with a modern vanity, gold fixtures, and subway tile. The overall flooring is consistent and in good condition, and the property appears well-maintained, but the kitchen would likely require updates for modern tastes, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Recreational Location: Unbeatable proximity to Big Bear Lake village, the lake itself, and Snow Summit ski resort (under 10 minutes), ideal for a mountain lifestyle.
Desirable Lake Views: Offers stunning lake views, particularly from the second bedroom, enhancing the property's appeal and value.
Generous Outdoor Space: An expansive 10,000 sqft lot provides significant potential for outdoor living, landscaping, and future expansion.
Enhanced Curb Appeal: Features a brand-new concrete driveway, contributing to a fresh and welcoming first impression.
Charming Mountain Retreat: The home embodies the quintessential Big Bear mountain lifestyle, appealing to buyers seeking a vacation home or serene living.

Cons

Limited Interior Space: With only 976 sqft, 2 bedrooms, and 1 bathroom, the property may be too small for some buyer needs or future expansion without significant renovation.
Age of Property: Built in 1946, the home's age suggests potential for outdated systems or components that may require future maintenance or upgrades.
Above Estimated Market Value: The current listing price of $474,000 is approximately 9% higher than the estimated property value of $431,075, potentially impacting buyer perception and negotiation.

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