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955 Teakwood Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath

955 Teakwood Drive, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$689,000
955 Teakwood Drive, Lake Arrowhead, California 92352
4Beds
3Baths
2,204Sqft
8,100Lot

Price Vs. Estimate

The estimated value ($652,020.825) is $36,979.175 (5%) lower than the list price ($689,000). This property may be overpriced.

Key pros and cons

Top Pros:
Lake Rights Included: The property includes valuable Lake Rights, providing access to Lake Arrowhead, a significant and highly sought-after amenity in the community.
Top Cons:
Absence of Lake Views: While located in Lake Arrowhead with lake rights, the property description only specifies 'Mountain(s), Trees/Woods' views, potentially disappointing buyers seeking direct lake vistas.

Compared to the nearby listings

Price:$689.0K vs avg $675.0K (+$14,000)53%
Size:2,204 sqft vs avg 1,948 sqft65%
Price/sqft:$313 vs avg $35035%

More Insights

Built in 1991 (34 years old).
Condition: Built in 1991, the property is well-maintained with recent functional upgrades including a new hot water heater, HVAC, and A/C. The main living areas feature updated LVP flooring and fresh paint, making it move-in ready. However, the kitchen and bathrooms, while clean and functional, exhibit dated styles with speckled countertops, original-style cabinetry, and older light fixtures. These areas would likely require aesthetic updates to align with current design trends, placing the property in the 'fair' category where it is aged but maintained, and major components show signs of being outdated despite being functional.
Year Built
1991
Close
-
List price
$689K
Original List price
$699K
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
IG25237915
Home ConditionFair
Features
Good View: Mountain(s), Trees/Woods
Deck
Patio
ViewMountain(s), Trees/Woods

About this home

This Place has Style, Class and Glamour! Welcome to A Warm and Inviting Atmosphere, Featuring Spacious Gathering Areas, Including Lovely Living Room, Formal Dining Area, Grand Family Room and Precious Breakfast Area off the Open Kitchen. This Elegant and Sophisticated Lake Rights Residence is An Entertainers Delight - Your Conversation will Flow as Easily as the Floorplan. The Primary Suite has Soaring Ceilings, a Beautiful Bathroom and Huge Closet. The 2 Additional Guest Rooms are Architecturally Unique with High Ceilings and Loft Areas. 4th Bedroom - Bunk Room - is on the Main Level and makes a Perfect Office or Den. Tastefully Furnished and Decorated with Stunning Views throughout the Home. The Backyard is Enchanting with New Gazebo and Firepit Table - This Area has Wonderful Energy and Encompasses a Large Deck and Awesome Patios with a Romantic Balcony off to the Side. The Large Flat Backyard off the Access Road is a Great Opportunity for Additional Parking Giving You Dual Access and Level Entry with a Pathway Already in Place. The 2 Car Attached Garage with Additional Storage Room makes Life Easy. Now Let's Make it Really Easy - Offered Turnkey Furnished! Recently Upgraded with New Hot Water Heater, New HVAC and A/C. Yes, we have Lake Rights. Situated on a County Plowed, Paved and Maintained Road close to Lake Arrowhead Country Club and Golf Course. Owner has had a great experience with this property as a successful Air BnB, showing good seasonal revenue. It is a Refreshing Retreat to Vacation at and a Pleasant Setting to call Home. For a Sneak Preview, check out... https://www.youtube.com/watch?v=6xr8jHFHlfc

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.0mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•5.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•8.1mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•0.3mi
/10
Rim Virtual
Public,•K-8•1.4mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.5mi
Condition Rating
Fair
Built in 1991, the property is well-maintained with recent functional upgrades including a new hot water heater, HVAC, and A/C. The main living areas feature updated LVP flooring and fresh paint, making it move-in ready. However, the kitchen and bathrooms, while clean and functional, exhibit dated styles with speckled countertops, original-style cabinetry, and older light fixtures. These areas would likely require aesthetic updates to align with current design trends, placing the property in the 'fair' category where it is aged but maintained, and major components show signs of being outdated despite being functional.
Pros & Cons

Pros

Lake Rights Included: The property includes valuable Lake Rights, providing access to Lake Arrowhead, a significant and highly sought-after amenity in the community.
Turnkey Furnished: Offered fully furnished, making it immediately ready for personal use as a vacation home or for seamless transition into an income-generating rental property.
Recent System Upgrades: Key systems such as the HVAC, A/C, and hot water heater have been recently replaced, significantly reducing immediate maintenance concerns and improving comfort.
Proven Rental Income Potential: The property has a successful history as an Air BnB, demonstrating good seasonal revenue and strong investment potential for prospective buyers.
Enhanced Outdoor Living & Accessibility: Features an enchanting backyard with a new gazebo, firepit table, large deck, and patios, complemented by dual access from a county-maintained road, enhancing convenience and entertainment options.

Cons

Absence of Lake Views: While located in Lake Arrowhead with lake rights, the property description only specifies 'Mountain(s), Trees/Woods' views, potentially disappointing buyers seeking direct lake vistas.
Potential for Dated Interior Elements: Built in 1991, and despite general descriptions of style, specific mentions of recent kitchen or bathroom remodels are absent, suggesting some interior elements might not align with contemporary design preferences for all buyers.
Non-Traditional Fourth Bedroom: The fourth bedroom is described as a 'Bunk Room,' which may imply a smaller or less conventional space, potentially limiting its appeal or functionality for buyers requiring four standard bedrooms.

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