544 Community Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 1 bath
ACTIVE$250,000
544 Community Drive, Lake Arrowhead, California 92352
2Beds
1Bath
804Sqft
3,350Lot
Price Vs. Estimate
The estimated value ($189,034.565) is $60,965.435 (24%) lower than the list price ($250,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Development Potential: The property includes three adjacent lots, offering ample space for future expansions, additions, or potential separate development, significantly enhancing its long-term value.
Top Cons:
Advanced Age of Property: Built in 1928, the home is nearly a century old, which may imply outdated systems, potential for deferred maintenance, and the need for significant modernization.
Compared to the nearby listings
Price:$250.0K vs avg $675.0K ($-425,000)2%
Size:804 sqft vs avg 1,933 sqft3%
Price/sqft:$311 vs avg $35033%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this property is nearly a century old with no evidence of major renovations in the past 50 years. The kitchen features very old white appliances, dated laminate countertops, and a brick backsplash, requiring a complete overhaul. The bathroom has a basic fiberglass shower stall and standard fixtures, indicating significant age and a need for modernization. The interior finishes, including extensive wood paneling and older tile flooring, are severely outdated. The exterior deck also shows considerable wear and tear. The property's advanced age and the need for substantial updates to all major systems and aesthetics categorize it as requiring significant rehabilitation.
Year Built
1928
Close
-
List price
$250K
Original List price
$320K
Price/Sqft
$311
HOA
-
Days on market
-
Sold On
-
MLS number
IG25159989
Home ConditionPoor
Features
Good View: Hills, Trees/Woods
Deck
ViewHills, Trees/Woods
About this home
Are you ready for your next great investment opportunity? We are thrilled to present this amazing property for you. This charming one-story home features a dining area and a spacious living room with a cozy fireplace, perfect for enjoying cozy evenings. The property includes three adjacent lots providing ample space for future expansions or additions, making it truly yours. Enjoy hassle-free living with water, trash collection, and snow removal all taken care of by the water company for a monthly fee. Don't miss out on this fantastic opportunity!
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.1mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.0mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.8mi
/10
Rim Virtual
Public,•K-8•1.2mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.0mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.5mi
Condition Rating
Poor
Built in 1928, this property is nearly a century old with no evidence of major renovations in the past 50 years. The kitchen features very old white appliances, dated laminate countertops, and a brick backsplash, requiring a complete overhaul. The bathroom has a basic fiberglass shower stall and standard fixtures, indicating significant age and a need for modernization. The interior finishes, including extensive wood paneling and older tile flooring, are severely outdated. The exterior deck also shows considerable wear and tear. The property's advanced age and the need for substantial updates to all major systems and aesthetics categorize it as requiring significant rehabilitation.
Pros & Cons
Pros
Significant Development Potential: The property includes three adjacent lots, offering ample space for future expansions, additions, or potential separate development, significantly enhancing its long-term value.
Attractive Price Point & Reduction: Currently listed at $250,000, the property has seen a substantial price reduction from its original $320,000, presenting a compelling investment opportunity.
Hassle-Free Living & Included Services: Enjoy convenient living with water, trash collection, and snow removal services managed by the water company for a monthly fee, a significant benefit in a mountain community.
Charming Interior Features: The home boasts a charming one-story layout with a spacious living room and a cozy fireplace, providing immediate comfort and appeal.
Natural Views: The property offers pleasant views of hills and trees/woods, contributing to a serene and picturesque living environment.
Cons
Advanced Age of Property: Built in 1928, the home is nearly a century old, which may imply outdated systems, potential for deferred maintenance, and the need for significant modernization.
Compact Living Space: With only 804 square feet and 2 bedrooms/1 bathroom, the interior living space is relatively small, which might limit its appeal to buyers seeking more expansive accommodations.
Potential for Renovation Costs: Marketed as an 'investment opportunity' for an older home, it is likely that the property will require additional investment for updates, repairs, or renovations to maximize its potential.