693 Knight Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 3 bath
693 Knight Avenue
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 693 Knight Avenue, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $679,900—significantly undercutting the $718,426 Fair Market Value by 5%. This valuation gap indicates a +$38,526 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Big Bear Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 693 Knight Avenue Subject | $679,900* List Price | 3 | 3 | 1,783 | $403 | - |
A 41602 Mcwhinney Lane Pending | $499,000 List Price | 3 | 3 | 1,260 | $396 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1963, the property has been 'completely remodeled throughout' with luxury vinyl plank flooring, modern finishes, and an upgraded kitchen featuring quartz countertops and stainless steel appliances. The bathrooms are also fully updated with contemporary vanities and fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for an extensively renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Ideally situated within walking distance to both Big Bear Village and the lake, offering unparalleled convenience for recreation, dining, and shopping, significantly boosting its appeal for both personal use and short-term rentals.
- Turnkey & Fully Furnished
The property is completely furnished and includes all appliances, making it truly move-in ready or immediately available for rental income without additional setup costs or effort.
- Extensive Remodel & Modern Finishes
Recently and beautifully remodeled throughout with luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and modern finishes, presenting a fresh and appealing aesthetic that requires no immediate updates.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Age of Original Structure
While extensively remodeled, the home was originally built in 1963. Although updates are noted, potential buyers may have concerns about the age of underlying systems (e.g., plumbing, electrical, foundation) not explicitly mentioned as fully replaced.
- Lack of Central Air Conditioning
The description highlights a wood-burning fireplace for heating but does not mention a cooling system. While Big Bear Lake's climate is generally mild, the absence of central air conditioning could be a drawback during warmer summer months for some occupants or renters.
About 693 Knight Avenue
Welcome to your perfect mountain escape in the heart of Big Bear Lake. Ideally located within walking distance to Big Bear Village and the lake, this beautifully remodeled 3 bedroom, 3 bathroom home offers the ultimate blend of luxury, comfort, and convenience. With 1,783 square feet of thoughtfully designed living space, this turnkey property comes fully furnished, including all appliances, making it truly move-in or rental ready! Inside, the home has been completely remodeled throughout and showcases luxury vinyl plank flooring, modern finishes, and a warm mountain aesthetic. The family room is a standout, featuring soaring natural wood ceilings and a stunning wood-burning rock fireplace that creates an inviting atmosphere for relaxing evenings after a day on the mountain. Large windows fill the space with natural light and enhance the open, airy feel. The upgraded kitchen is designed for both everyday living and entertaining, complete with quartz countertops, stainless steel appliances, and ample cabinetry. A spacious full bathroom is conveniently located on the main floor, along with one of two primary bedrooms, offering flexibility for guests or multigenerational living. Downstairs, you will find a second primary bedroom that is tucked away from the rest of the home. This unique space has its own separate entrance and can function as a secure guest suite or private accommodation, adding versatility and rental appeal. A huge bonus room downstairs provides endless possibilities and can be used as a game room, home theater, or additional entertaining space. There is also a large, lockable storage room, perfect for gear, supplies, or owner storage. Outdoor living is just as impressive. Enjoy a large front porch ideal for morning coffee or evening sunsets, and a spacious rear patio featuring a private spa for year-round relaxation. The backyard pavilion includes lighting and electricity, making it perfect for outdoor gatherings, dining, or events. Parking is easy with private parking in front of the home as well as a gated rear driveway. Whether you are looking for your own private mountain getaway or a short-term rental investment, this home checks every box. Its unbeatable location, fully furnished turnkey condition, flexible layout, and exceptional amenities make it a fantastic opportunity in Big Bear Lake.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 55% |
| Square foot | 1,783 | 1,733 | 53% |
| Lot Size | 5,000 | 8,167 | 15% |
| Price | $679.9K | $650.0K | 57% |
| Price per sq ft | $381 | $392 | 46% |
| Built year | 1963 | 1977 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 215 | 3% |
Pricing History
Listed for Sale
Jan 16, 2026
$679,900
Initial Listing
Sold
Jun 10, 2022
$697,000
Public Record
Sold
Jan 12, 2016
$234,000
Public Record
Sold
Dec 18, 2001
$104,000
Public Record