866 Eureka Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
ACTIVE$559,900
866 Eureka Drive, Big Bear Lake, California 92315
3Beds
2Baths
1,888Sqft
14,500Lot
Price Vs. Estimate
The estimated value ($559,900) is $0 (0%) lower than the list price ($559,900). This property may be overpriced.
Key pros and cons
Top Pros:
Expansive & Unique Lot: Situated on a generous 14,000+ square foot lot, this property includes a historic cabin, offering significant outdoor space and unique character.
Top Cons:
Substantial Price Reductions: The property has seen significant price drops from its original list price of $695,000 to $559,900, which may indicate market resistance, initial overvaluation, or potential underlying issues.
Compared to the nearby listings
Price:$559.9K vs avg $637.5K ($-77,550)38%
Size:1,888 sqft vs avg 1,738 sqft58%
Price/sqft:$297 vs avg $3957%
More Insights
Built in 1981 (44 years old).
Condition: Built in 1981, this property is 43 years old and appears to have had no major renovations in the last 20-30 years. While described as 'well cared for,' the interior images reveal significantly dated elements, including old carpets, traditional light fixtures, and an outdated bathroom with a pedestal sink. The visible portion of the kitchen also suggests an older style with a wooden island and laminate countertop. The property is functional and maintained but requires substantial cosmetic updates, particularly in the kitchen and bathrooms, to meet current market expectations and styles.
Year Built
1981
Close
-
List price
$560K
Original List price
$695K
Price/Sqft
$297
HOA
-
Days on market
-
Sold On
-
MLS number
SW25026013
Home ConditionFair
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods
About this home
Take advantage of this opportunity to own this lovely well cared for home in Big Bear Lake, situated on over a 14,000 square foot lot featuring a historic cabin! This unique property offers both upstairs and downstairs living areas, two fireplaces, and entrances on both levels. With endless possibilities, this 3-bedroom, 2-bathroom home is surrounded by lush trees and includes a 2-car garage, all located on a peaceful dead-end street. It is conveniently close to hiking trails, the village, ski slopes, and just a short distance from the lake. Motivated Seller!
Condition Rating
Fair
Built in 1981, this property is 43 years old and appears to have had no major renovations in the last 20-30 years. While described as 'well cared for,' the interior images reveal significantly dated elements, including old carpets, traditional light fixtures, and an outdated bathroom with a pedestal sink. The visible portion of the kitchen also suggests an older style with a wooden island and laminate countertop. The property is functional and maintained but requires substantial cosmetic updates, particularly in the kitchen and bathrooms, to meet current market expectations and styles.
Pros & Cons
Pros
Expansive & Unique Lot: Situated on a generous 14,000+ square foot lot, this property includes a historic cabin, offering significant outdoor space and unique character.
Flexible Living Arrangements: The home features both upstairs and downstairs living areas with separate entrances, providing versatility for multi-generational living, guest accommodations, or potential rental income.
Premier Recreational Location: Conveniently located close to hiking trails, the village, ski slopes, and the lake, making it highly desirable for outdoor enthusiasts and vacationers.
Peaceful & Private Setting: Positioned on a dead-end street and surrounded by lush trees, the property offers a quiet, private, and serene environment with natural views.
Cozy Amenities: Equipped with two fireplaces, the home provides a warm and inviting cabin aesthetic, highly sought after in a mountain community like Big Bear Lake.
Cons
Substantial Price Reductions: The property has seen significant price drops from its original list price of $695,000 to $559,900, which may indicate market resistance, initial overvaluation, or potential underlying issues.
Age of Property: Built in 1981, the home is over 40 years old, suggesting that some systems, finishes, or overall aesthetics may require updates or modernization to meet current buyer preferences.
Motivated Seller Indication: The explicit mention of a 'Motivated Seller' can sometimes imply a prolonged time on market or an urgent need to sell, potentially prompting buyers to question the property's value or condition.