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871 Spruce Lane, Big Bear City, California 92314, Big Bear City, 92314 - 2 bed, 2 bath

871 Spruce Lane, Big Bear City, California 92314 home-pic-0
ACTIVE$399,000
871 Spruce Lane, Big Bear City, California 92314
2Beds
2Baths
1,291Sqft
4,500Lot

Price Vs. Estimate

The estimated value ($258,790.34) is $140,209.66 (35%) lower than the list price ($399,000). This property may be overpriced.

Key pros and cons

Top Pros:
Generous Lot Size & Versatility: The property includes two parcels totaling approximately 9000 square feet, a rare offering that provides ample space for outdoor activities and storage of RVs, boats, or other recreational vehicles.
Top Cons:
Significant Overpricing: The current listing price of $399,000 is substantially higher (35% above) than the estimated property value of $258,790.34, which may deter potential buyers and complicate financing.

Compared to the nearby listings

Price:$399.0K vs avg $415.0K ($-16,000)45%
Size:1,291 sqft vs avg 1,296 sqft50%
Price/sqft:$309 vs avg $35131%

More Insights

Built in 1993 (32 years old).
Condition: The property was built in 1993, making it 31 years old. While the description states the bathrooms have been updated, and they appear clean and functional in the images, the kitchen features dated light wood cabinets and laminate countertops, suggesting it has not undergone a recent extensive renovation. The overall aesthetic is clean and well-maintained, but outdated, particularly in the kitchen. It is move-in ready, but many buyers would likely desire minor updates to modernize the kitchen and potentially other areas.
Year Built
1993
Close
-
List price
$399K
Original List price
$450K
Price/Sqft
$309
HOA
-
Days on market
-
Sold On
-
MLS number
SW24160155
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

RARE OPPORTUNITY!!! TWO that’s right TWO PARCELS FOR THE PRICE OF ONE! (BOTH PARCELS TOGETHER ARE APPROXIMATELY 9000 SQUARE FEET) **AND** Furniture INCLUDED! Step into this cozy hide away in the mountains and curl up next to a warm fire during winter months! This home is perfect for any use, whether you're looking for a permanent residence, vacation home, or Airbnb! MOVE IN READY! Two large sized Bedrooms, plus a dreamy retreat alcove for an office space or extra sleeping accommodations. Two full bathrooms that have been updated. Attached two car garage with direct access to house. Plus a large driveway for additional parking that has been Airbnb approved, just in time for the winter season. Estimated rage between $188 to $220 per night depending on the season. The best part is the quiet location, right outside the tourist spots and looking about a 10-15 minute drive to the Ski Resorts, that take you through this gorgeous town. The two parcels allow for RVs, Boats or recreational vehicles to be stored with gate access to the back lot. Truly an opportunity that can not be passed up!!!

Nearby schools

4/10
Baldwin Lane Elementary School
Public,•K-6•1.9mi
3/10
Big Bear Middle School
Public,•7-8•5.9mi
6/10
Big Bear High School
Public,•9-12•1.5mi
Condition Rating
Fair
The property was built in 1993, making it 31 years old. While the description states the bathrooms have been updated, and they appear clean and functional in the images, the kitchen features dated light wood cabinets and laminate countertops, suggesting it has not undergone a recent extensive renovation. The overall aesthetic is clean and well-maintained, but outdated, particularly in the kitchen. It is move-in ready, but many buyers would likely desire minor updates to modernize the kitchen and potentially other areas.
Pros & Cons

Pros

Generous Lot Size & Versatility: The property includes two parcels totaling approximately 9000 square feet, a rare offering that provides ample space for outdoor activities and storage of RVs, boats, or other recreational vehicles.
Strong Income Potential: Marketed as 'Airbnb approved' and 'MOVE IN READY' with furniture included, this property presents significant potential for short-term rental income, estimated between $188 to $220 per night.
Move-in Ready Condition: With updated bathrooms and included furniture, the home is ready for immediate occupancy or rental, minimizing initial investment for the buyer.
Convenient yet Quiet Location: Located in a quiet area outside the main tourist spots, it offers tranquility while remaining a short 10-15 minute drive to Big Bear's ski resorts and other attractions.
Ample Parking & Garage: Features an attached two-car garage with direct access, a large driveway for additional parking, and extra space on the second parcel for recreational vehicle storage.

Cons

Significant Overpricing: The current listing price of $399,000 is substantially higher (35% above) than the estimated property value of $258,790.34, which may deter potential buyers and complicate financing.
Age of Property & Unspecified System Updates: Built in 1993, the property is over 30 years old. While bathrooms are updated, the description does not specify updates to other critical systems (e.g., roof, HVAC, electrical, plumbing), which may require future capital expenditure.
Absence of Cooling System: The description emphasizes warmth in winter but does not mention a cooling system, which could be a drawback and comfort concern during warmer summer months in Big Bear City.

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