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855 Lake Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath

855 Lake Drive, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$585,000
855 Lake Drive, Lake Arrowhead, California 92352
3Beds
3Baths
1,422Sqft
5,390Lot

Price Vs. Estimate

The estimated value ($279,633.92) is $305,366.08 (52%) lower than the list price ($585,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: Situated on a corner lot with ample parking and within convenient walking distance to the Tudor House, a local hub for events and entertainment.
Top Cons:
Significant Overpricing: The listing price of $585,000 is substantially higher than the estimated property value of $279,633, suggesting a potential overvaluation of 52% compared to market data.

Compared to the nearby listings

Price:$585.0K vs avg $675.0K ($-90,000)35%
Size:1,422 sqft vs avg 1,933 sqft19%
Price/sqft:$411 vs avg $35168%

More Insights

Built in 1940 (85 years old).
Condition: The property, built in 1940, is move-in ready with several notable updates. The kitchen features modern stainless steel appliances and granite countertops, though the cabinet style and color are a bit dated. Bathrooms have updated vanities and glass-enclosed showers, but the presence of carpet in bathrooms is a detractor. The newly built gazebo, spa, and on-demand water heater are modern amenities. Overall, the home is well-maintained and functional, aligning with the 'good' criteria of being extensively renovated within the last 5-15 years in key areas, without being a full, recent, high-end renovation.
Year Built
1940
Close
-
List price
$585K
Original List price
$599K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
IG25028877
Home ConditionGood
Features
Good View: Trees/Woods
Spa
Patio
ViewTrees/Woods

About this home

Welcome to a charming oasis located in the Arrowhead Villas of Lake Arrowhead. This delightful getaway is situated on a corner lot, offering plenty of parking and convenient walking distance to the Tudor House, known for its concerts, plays, and events. The main floor features a cozy living room, a well-equipped kitchen, a dining area, one bedroom, a 3/4 bath, and a laundry room. Upstairs, you'll find two beautiful rooms, each with a full bath en suite, providing comfort and privacy. The custom-fenced yard is perfect for relaxation and entertainment, boasting a newly built gazebo and spa. Equipped with an on-demand water heater, there is no shortage of hot water. Enjoy the serene surroundings and the convenience of modern amenities in this charming Arrowhead Villas home. Photos of Lake Arrowhead are drone shots and do not reflect a view from the property.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.9mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.8mi
/10
Rim Virtual
Public,•K-8•1.3mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.3mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.3mi
Condition Rating
Good
The property, built in 1940, is move-in ready with several notable updates. The kitchen features modern stainless steel appliances and granite countertops, though the cabinet style and color are a bit dated. Bathrooms have updated vanities and glass-enclosed showers, but the presence of carpet in bathrooms is a detractor. The newly built gazebo, spa, and on-demand water heater are modern amenities. Overall, the home is well-maintained and functional, aligning with the 'good' criteria of being extensively renovated within the last 5-15 years in key areas, without being a full, recent, high-end renovation.
Pros & Cons

Pros

Prime Location & Accessibility: Situated on a corner lot with ample parking and within convenient walking distance to the Tudor House, a local hub for events and entertainment.
Enhanced Outdoor Living: The property features a custom-fenced yard, newly built gazebo, and a spa, creating an ideal space for relaxation and entertaining.
Modern Comforts: Equipped with an on-demand water heater, ensuring efficient and continuous hot water supply for residents.
Functional Layout & Privacy: The upstairs includes two bedrooms, each with its own en-suite full bath, providing comfort and privacy for occupants or guests.
Charming Mountain Retreat: Described as a 'charming oasis' in the Arrowhead Villas, offering serene surroundings and a desirable mountain lifestyle.

Cons

Significant Overpricing: The listing price of $585,000 is substantially higher than the estimated property value of $279,633, suggesting a potential overvaluation of 52% compared to market data.
Absence of Lake Rights: Unlike several comparable properties in the area, the listing does not mention Lake Rights, which is a highly desirable and value-adding feature in Lake Arrowhead.
No Lake View from Property: The description explicitly clarifies that lake photos are drone shots and do not reflect a view from the property, which may disappoint buyers seeking direct lake views.

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