707 Virginia Court, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

707 Virginia Court, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$459,000
707 Virginia Court, Lake Arrowhead, California 92352
3Beds
2Baths
1,320Sqft
4,400Lot

Price Vs. Estimate

The estimated value ($459,000) is $0 (0%) lower than the list price ($459,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey Investment/Second Home: Well-established Airbnb with proven income potential, fully stocked and ready for immediate use as an investment property or second home.
Top Cons:
Absence of Explicit Lake Rights: The listing does not specify if the property includes Lake Arrowhead lake rights, which can be a significant value driver and buyer expectation in this market.

Compared to the nearby listings

Price:$459.0K vs avg $675.0K ($-216,000)14%
Size:1,320 sqft vs avg 1,933 sqft16%
Price/sqft:$348 vs avg $35049%

More Insights

Built in 1991 (34 years old).
Condition: Built in 1991, this property has undergone significant recent upgrades, including brand-new A/C and heating, a new water heater, fresh paint, and new wood-look flooring and light fixtures. The kitchen and bathrooms are updated and functional with stainless steel appliances, though the kitchen counters and bathroom fixtures are not high-end. The home is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Year Built
1991
Close
-
List price
$459K
Original List price
$487K
Price/Sqft
$348
HOA
$285
Days on market
-
Sold On
-
MLS number
IG25074714
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
ViewMountain(s), Neighborhood, Trees/Woods

About this home

LEVEL ENTRY WITH BEDROOM AND FULL BATH ON THE MAIN LEVEL. This charming Lake Arrowhead home is full of features you'll love and is a well-established Airbnb! Well stocked and ready for a new owner to enjoy as a second home/investment property or as a full time residence. Commuter friendly and super close to Hwy 18 for ease of heading down the mountain or up the ski slopes. Set on an extra-large corner lot with level entry into the home, it offers a bedroom and full bath on the main floor. Recent upgrades include brand-new A/C and heating, fresh interior and exterior paint, a new water heater, and updated kitchen and bathrooms. Enjoy breathtaking views and an open-concept layout that seamlessly connects the living, dining, and kitchen areas. The gorgeous stone fireplace and high beamed ceiling add to the home's appeal, along with brand-new wood-look flooring and light fixtures. A spacious laundry room with ample storage and an expansive back deck with mountain and tree views make this home even more inviting. The gated front porch provides privacy, and there's plenty of storage throughout, including additional space in the build-up area. An extra-large parking pad accommodates 3-4 cars to park off-street. Just minutes away from the Lake Arrowhead Village, shopping, dining, groceries, Sky Park/Santa’s Village, snow play and ski areas. With numerous hiking trails nearby and the close proximity to all the wonderful things Lake Arrowhead has to offer, it’s a fantastic location and is on a paved and maintained road.

Condition Rating
Good

Built in 1991, this property has undergone significant recent upgrades, including brand-new A/C and heating, a new water heater, fresh paint, and new wood-look flooring and light fixtures. The kitchen and bathrooms are updated and functional with stainless steel appliances, though the kitchen counters and bathroom fixtures are not high-end. The home is move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Turnkey Investment/Second Home: Well-established Airbnb with proven income potential, fully stocked and ready for immediate use as an investment property or second home.
Recent Extensive Upgrades: Significant recent renovations including new A/C and heating, fresh paint, new water heater, and updated kitchen/bathrooms, minimizing immediate buyer expenses.
Exceptional Accessibility & Layout: Features a highly desirable level entry with a bedroom and full bath on the main level, enhancing convenience and accessibility.
Prime Mountain Location: Strategically located minutes from Lake Arrowhead Village, ski areas, and Hwy 18, offering excellent access to amenities and commuter routes.
Ample Parking & Outdoor Living: Boasts an extra-large corner lot with an expansive back deck and a spacious parking pad accommodating 3-4 cars, a rare and valuable amenity in the area.

Cons

Absence of Explicit Lake Rights: The listing does not specify if the property includes Lake Arrowhead lake rights, which can be a significant value driver and buyer expectation in this market.
Modest Interior Square Footage: At 1320 sqft, the interior living space is relatively modest, especially considering the 'extra-large corner lot,' potentially limiting appeal for buyers seeking more expansive living areas.
Recurring Association Fees: An ongoing association fee of $285 adds to the monthly carrying costs, which may be a consideration for budget-conscious buyers.

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