720 Buckingham Sq, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
ACTIVE$525,000
720 Buckingham Sq, Lake Arrowhead, California 92352
3Beds
3Baths
1,616Sqft
3,675Lot
Price Vs. Estimate
The estimated value ($525,000) is $0 (0%) lower than the list price ($525,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential: The property is highlighted as a 'Cash-Flowing short term rental' and 'currently a successful short-term rental,' offering significant investment appeal and flexibility for owners.
Top Cons:
Age of Property: Built in 1968, the property is over 50 years old, which may raise concerns about the condition of original major systems (e.g., plumbing, electrical, roof) and potential for future capital expenditures.
Compared to the nearby listings
Price:$525.0K vs avg $675.0K ($-150,000)28%
Size:1,616 sqft vs avg 1,933 sqft27%
Price/sqft:$325 vs avg $35042%
More Insights
Built in 1968 (57 years old).
Condition: Despite being built in 1968, this property has undergone an extensive, high-quality renovation, making it virtually new in terms of its interior components and aesthetic. The kitchen features modern stainless steel appliances, updated green cabinetry, new countertops, and a contemporary tiled backsplash. The bathrooms are fully updated with modern vanities, fixtures, and subway tiling. All flooring is consistent, modern wood-look material in excellent condition. Light fixtures are current, and the overall design is cohesive and 'turnkey,' as described. There are no visible signs of deferred maintenance or outdated elements, aligning perfectly with the 'extensively renovated within 5 years' criteria for an 'Excellent' rating.
Year Built
1968
Close
-
List price
$525K
Original List price
$525K
Price/Sqft
$325
HOA
$61.25
Days on market
-
Sold On
-
MLS number
250032739SD
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
ViewMountain(s)
About this home
Buyer Interest Rate Buydown Option for this TurnKey Lake Arrowhead retreat in highly sought after, Lake Arrowhead Villa's! Quarterly HOA due's includes your water, trash pick up and snowplowing. This home doubles as a family getaway and a Cash-Flowing short term rental and can be sold fully furnished! Entering the home you are immediately greeted with an amazing, and seemingly endless, mountain view full of beautiful pine trees and no obstruction. There are two decks that face out to the majestic scenery, where sunrises and sunsets are absolutely breathtaking! This property offers endless opportunities and is currently a successful short-term rental or could be used for family getaways. Professionally designed with features hand-picked by a local designer. Can be sold fully furnished! Located in the Lake Arrowhead Villas, minutes from Village, close to SkyPark at Santa’s Village, and a short drive to Snow Valley Ski Resort! Don’t miss out on this incredible opportunity! You must see this property to truly appreciate its beauty!
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.4mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.1mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.6mi
/10
Rim Virtual
Public,•K-8•1.1mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.0mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.2mi
Condition Rating
Excellent
Despite being built in 1968, this property has undergone an extensive, high-quality renovation, making it virtually new in terms of its interior components and aesthetic. The kitchen features modern stainless steel appliances, updated green cabinetry, new countertops, and a contemporary tiled backsplash. The bathrooms are fully updated with modern vanities, fixtures, and subway tiling. All flooring is consistent, modern wood-look material in excellent condition. Light fixtures are current, and the overall design is cohesive and 'turnkey,' as described. There are no visible signs of deferred maintenance or outdated elements, aligning perfectly with the 'extensively renovated within 5 years' criteria for an 'Excellent' rating.
Pros & Cons
Pros
Income Potential: The property is highlighted as a 'Cash-Flowing short term rental' and 'currently a successful short-term rental,' offering significant investment appeal and flexibility for owners.
Prime Location & Accessibility: Located in the 'highly sought after, Lake Arrowhead Villa's,' minutes from Lake Arrowhead Village, SkyPark at Santa’s Village, and a short drive to Snow Valley Ski Resort, making it ideal for recreation and rental demand.
Stunning Mountain Views & Outdoor Space: Offers 'amazing, and seemingly endless, mountain view full of beautiful pine trees' from two decks, providing breathtaking sunrises and sunsets and enhancing the retreat experience.
Turnkey & Furnished Option: Described as a 'TurnKey' retreat that 'can be sold fully furnished,' significantly reducing immediate setup costs and effort for a new owner or investor.
HOA Benefits & Buyer Incentive: Quarterly HOA dues include water, trash pick-up, and snowplowing, reducing ongoing maintenance burdens, and a 'Buyer Interest Rate Buydown Option' is available, offering financial flexibility.
Cons
Age of Property: Built in 1968, the property is over 50 years old, which may raise concerns about the condition of original major systems (e.g., plumbing, electrical, roof) and potential for future capital expenditures.
Compact Lot Size: The lot size of 3,675 sqft is relatively small for a mountain retreat, potentially limiting expansive outdoor living space or privacy compared to other properties in the area.
Lack of Specific System Updates: While 'professionally designed' implies aesthetic improvements, the description does not explicitly detail recent upgrades to critical infrastructure systems (e.g., HVAC, electrical, plumbing), which could be a consideration for an older home.