720 Buckingham Sq, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
ACTIVE$515,000
720 Buckingham Sq, Lake Arrowhead, California 92352
3Beds
3Baths
1,616Sqft
3,675Lot
Price Vs. Estimate
The estimated value ($515,000) is $0 (0%) lower than the list price ($515,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Rental Income Potential: The property boasts a proven track record of generating over $10,000 per month in short-term rental income, making it an attractive investment opportunity.
Top Cons:
Remaining Generator Loan Balance: A significant $23,000 balance remains on the backup generator, which represents an additional financial consideration for the buyer.
Compared to the nearby listings
Price:$515.0K vs avg $675.0K ($-160,000)27%
Size:1,616 sqft vs avg 1,933 sqft27%
Price/sqft:$319 vs avg $35039%
More Insights
Built in 1968 (57 years old).
Condition: Despite being built in 1968, this property has undergone extensive and high-quality renovations, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The kitchen features modern green shaker-style cabinets, light countertops, a contemporary mosaic tile backsplash, and new stainless steel appliances (French door refrigerator, range, microwave). All bathrooms are completely updated with modern floating vanities, round mirrors, contemporary light fixtures, subway tile showers/tubs, and modern hexagonal floor tiles. Throughout the home, there is consistent light wood-look flooring, modern light fixtures, and a fresh, professionally designed aesthetic. The listing also explicitly mentions a 'New furnace, plumbing, and a backup generator,' indicating significant system upgrades. The overall condition is virtually new, with no visible deferred maintenance.
Year Built
1968
Close
-
List price
$515K
Original List price
$515K
Price/Sqft
$319
HOA
$61.25
Days on market
-
Sold On
-
MLS number
250040254SD
Home ConditionExcellent
Features
Excellent View: Mountain(s)
Deck
ViewMountain(s)
About this home
$10,000+ / Month in short term rental income! TurnKey Lake Arrowhead retreat in highly sought-after Arrowhead Villas! $200 Quarterly HOA dues include water, trash pick up, and snowplowing; perfect for an investor looking to cash flow or this home can also make for a great family getaway. Entering the home, you are immediately greeted with an amazing, seemingly endless, mountain view full of beautiful pine trees and no obstruction. Two decks face out to the majestic scenery, where sunrises and sunsets are absolutely breathtaking! Professionally designed with a New furnace, plumbing, and a backup generator ($23,000 remaining balance) Minutes from Lake Arrowhead Village, 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 extensive and high-quality renovations, aligning with the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The kitchen features modern green shaker-style cabinets, light countertops, a contemporary mosaic tile backsplash, and new stainless steel appliances (French door refrigerator, range, microwave). All bathrooms are completely updated with modern floating vanities, round mirrors, contemporary light fixtures, subway tile showers/tubs, and modern hexagonal floor tiles. Throughout the home, there is consistent light wood-look flooring, modern light fixtures, and a fresh, professionally designed aesthetic. The listing also explicitly mentions a 'New furnace, plumbing, and a backup generator,' indicating significant system upgrades. The overall condition is virtually new, with no visible deferred maintenance.
Pros & Cons
Pros
Exceptional Rental Income Potential: The property boasts a proven track record of generating over $10,000 per month in short-term rental income, making it an attractive investment opportunity.
Breathtaking Mountain Views & Outdoor Living: Offers amazing, unobstructed mountain views with beautiful pine trees from multiple vantage points, including two decks perfect for enjoying sunrises and sunsets.
Turnkey & Recently Upgraded: Presented as a turnkey retreat, featuring professional design and recent major upgrades including a new furnace and plumbing, minimizing immediate maintenance needs.
Prime Location & Accessibility: Located in the highly sought-after Arrowhead Villas, minutes from Lake Arrowhead Village, SkyPark at Santa’s Village, and a short drive to Snow Valley Ski Resort.
Comprehensive HOA Benefits: Low quarterly HOA dues of $200 cover essential services such as water, trash pick-up, and snowplowing, providing convenience and cost savings.
Cons
Remaining Generator Loan Balance: A significant $23,000 balance remains on the backup generator, which represents an additional financial consideration for the buyer.
Property Age: Built in 1968, the property's age, despite recent upgrades, may imply potential for older structural components or systems not explicitly mentioned as updated.
Small Lot Size: With a lot size of 3675 sqft, the property offers limited outdoor space, which might be a drawback for buyers seeking larger grounds or expansion potential.