971 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 4 bath
971 Grass Valley
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 971 Grass Valley, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $881,000—significantly undercutting the $920,826 Fair Market Value by 4%. This valuation gap indicates a +$39,826 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 Grass Valley Subject | $881,000* List Price | 3 | 4 | 3,064 | $301 | - |
A 27440 Alpen Drive Sold | $905,000 | 3 | 3 | 2,783 | $325 | 0.3 mi |
B 432 Grizzly Road Sold | $875,000 | 4 | 3 | 3,365 | $260 | 0.7 mi |
C 27685 St Bernard Sold | $890,000 | 3 | 3 | 2,612 | $341 | 0.6 mi |
D 1148 Nadelhorn Drive Sold | $915,000 | 4 | 3 | 2,615 | $350 | 0.4 mi |
E 1096 Nadelhorn Drive Sold | $685,000 | 3 | 3 | 1,994 | $344 | 0.3 mi |
F 27618 W Shore Road Sold | $680,000 | 3 | 3 | 2,242 | $303 | 0.5 mi |
G 27547 Alpen Drive Active | $800,000 List Price | 3 | 4 | 2,838 | $282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, the property is generally well-maintained and functional, but the interior, particularly the kitchen and bathrooms, shows significant signs of being outdated. The main kitchen features dated cabinet styles and flooring, while the bathrooms exhibit very traditional and aged tile, fixtures (e.g., gold-colored), and vanity designs. The mother-in-law suite also presents a dated aesthetic. While livable, the home requires minor to moderate updates to align with modern preferences and styles.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13900, living area = 3064.
- Sought-After Lake Rights
The property offers valuable lake rights to Lake Arrowhead, providing a rare and desirable lifestyle opportunity for water access and recreation.
- Versatile Mother-in-Law Quarter
Includes a fully equipped mother-in-law quarter with a built-in stove, fridge, and microwave, offering flexibility for guests, extended family, or potential rental income.
CONSRISKS & DEFICIENCIES
- Limited Lake Views
The property offers 'peek-a-boo lake views' rather than expansive, unobstructed lakefront vistas, which may not meet the expectations of all buyers seeking prominent lake views.
- Unfinished Outbuilding Potential
While the exterior shed is finished, it only has 'potential for a future bathroom,' indicating additional investment and work would be required to fully realize this space's functionality.
- Potential for Interior Updates
Built in 1989, the description does not explicitly mention recent major interior renovations, suggesting some elements may be original or dated, potentially requiring updates for modern preferences.
About 971 Grass Valley
An exceptional mountain home offering sought-after lake rights to beautiful Lake Arrowhead, this spacious residence delivers a rare and valuable lifestyle opportunity. Set on a generous parcel with charming curb appeal, the home welcomes you with a well-maintained exterior and level-entry parking into a 2-car attached garage with direct access into the home—a highly desirable feature for mountain living. Additional parking across the street provides ample space for a boat, RV, or outdoor toys. Inside, expansive living spaces flow seamlessly into comfortable bedrooms and flexible living areas, including a mother-in-law quarter complete with a built-in stove, fridge, and microwave, ideal for guests, extended family, or potential rental income. The main living area features high ceilings and an open layout, complemented by a fully enclosed sunroom that offers versatile year-round enjoyment. Outdoors, a large patio invites al fresco dining and gatherings while you take in the peaceful setting and peek-a-boo lake views. Additional highlights include a finished exterior shed with potential for a future bathroom, and a spacious, landscaped yard offering room for play, gardening, or future enhancements. Located just minutes from local trails, lake access points, and all the charm of Lake Arrowhead mountain living, this home is perfectly suited as a full-time residence, vacation retreat, or investment opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 13,900 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.8 mi
Valley Of Enchantment Elementary School
Grades K-5 • 5.7 mi
Charles Hoffman Elementary School
Grades K-5 • 8.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,064 | 1,979.5 | 84% |
| Lot Size | 13,900 | 9,767 | 87% |
| Price | $881.0K | $680.0K | 74% |
| Price per sq ft | $288 | $341 | 26% |
| Built year | 1989 | 1977 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 236 | 1% |
Pricing History
Listed for Sale
Jan 30, 2026
$881,000
Initial Listing
Sold
Jul 18, 1995
$255,000
Public Record