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612 Timber Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 5 bed, 3 bath

612 Timber Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$965,000
612 Timber Lane, Big Bear Lake, California 92315
5Beds
3Baths
2,403Sqft
9,800Lot

Price Vs. Estimate

The estimated value ($965,000) is $0 (0%) lower than the list price ($965,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9800, living area = 2403.
Top Cons:
Age of Property: Built in 1970, the property is over 50 years old, which may raise concerns about the condition of original structural components or systems not covered by the recent upgrades.

Compared to the nearby listings

Price:$965.0K vs avg $640.0K (+$325,050)79%
Size:2,403 sqft vs avg 1,738 sqft81%
Price/sqft:$402 vs avg $39653%

More Insights

Built in 1970 (55 years old).
Condition: Built in 1970, this property has undergone significant recent upgrades totaling $220,000, making it move-in ready. The bathroom features a very modern renovation with new vanity, glass shower, and stylish tiles. The kitchen has updated countertops, backsplash, and flooring, though the white appliances are functional but not brand new high-end. Flooring throughout the main living areas is modern LVP/laminate. While the extensive renovations bring many areas to a high standard, the underlying structure's age and the specific style of kitchen appliances prevent it from reaching an 'Excellent' rating, aligning it well with 'Good' condition.
Year Built
1970
Close
-
List price
$965K
Original List price
$1.07M
Price/Sqft
$402
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21346
Home ConditionGood
Features
Good View: Trees/Woods
Spa
Patio
ViewTrees/Woods

About this home

Discover an incredible opportunity to own a family retreat that also offers excellent income potential steps away from the Big Bear Lake! This beautiful home features $220,000 in upgrades with a sauna and jacuzzi, ready for your enjoyment or rental income. Nestled among tall pine trees, this property is one of the few in Big Bear Lake that provides privacy, complete with a fenced lot and a custom picnic table shaded for perfect family gatherings. The light-filled living room showcases soaring vaulted beamed ceilings and a cozy native stone fireplace, creating a warm and inviting atmosphere. This classic cabin, located in the desirable North Estates, boasts 5 bedrooms and 3 bathrooms, providing ample space for you and your loved ones to create lasting memories together. As you enter, you'll be captivated by the open floor plan and the distinctive kitchen island that enhances the cabin's charm. The property includes a 2-car attached garage and plenty of off-street parking, with space for your RV or boat. With Pleasure Point Marina, Boulder Bay, and the national forest just steps away, the possibilities for adventure are endless. Embrace all four seasons and start making unforgettable memories in this cozy haven! Property can be sold Furnished making it ready to generate rental income right away!

Condition Rating
Good
Built in 1970, this property has undergone significant recent upgrades totaling $220,000, making it move-in ready. The bathroom features a very modern renovation with new vanity, glass shower, and stylish tiles. The kitchen has updated countertops, backsplash, and flooring, though the white appliances are functional but not brand new high-end. Flooring throughout the main living areas is modern LVP/laminate. While the extensive renovations bring many areas to a high standard, the underlying structure's age and the specific style of kitchen appliances prevent it from reaching an 'Excellent' rating, aligning it well with 'Good' condition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9800, living area = 2403.
Strong Income Potential: Explicitly marketed for rental income, enhanced by recent upgrades and the option to be sold furnished, making it ready to generate revenue immediately.
Extensive Upgrades & Luxury Amenities: Features $220,000 in recent upgrades, including a sauna and jacuzzi, significantly enhancing its appeal and value for both personal enjoyment and rental guests.
Exceptional Proximity to Lake & Recreation: Located 'steps away' from Big Bear Lake, Pleasure Point Marina, Boulder Bay, and the national forest, offering unparalleled access to outdoor activities and attractions.
Enhanced Privacy & Outdoor Living: Nestled among tall pine trees with a fenced lot and a custom picnic table, providing a private and inviting outdoor space for family gatherings.
Spacious & Charming Interior: Boasts 5 bedrooms, 3 bathrooms, 2403 sqft, soaring vaulted beamed ceilings, a cozy native stone fireplace, an open floor plan, and a distinctive kitchen island, offering ample space and classic cabin charm.

Cons

Age of Property: Built in 1970, the property is over 50 years old, which may raise concerns about the condition of original structural components or systems not covered by the recent upgrades.
Significant Price Reduction: A substantial price drop from the original list price of $1,075,000 to $965,000 could indicate a previous overvaluation or slower market absorption.
Lack of Direct Lake View: Despite its close proximity to Big Bear Lake, the property's listed view is 'Trees/Woods,' suggesting it does not offer direct lake views, which are often a premium feature in this market.

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