983 Teakwood, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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983 Teakwood
Lake Arrowhead, California 92352
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,676Sq Ft
7,150Lot Size
Property Price
LIST PRICE$389,000
EST. MARKET VALUE
$402,269
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $389,000—positioned well below the $402,269 Fair Market Value by 3%. This valuation gap offers $13,269 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires significant upgrades, yet offers a large lot and mountain views. This value-add asset is ideal for Fix-and-Flip Investors or Contractors seeking a project in the desirable Arrowhead Woods area.
Estimated Market Value
$402,269+$13,269 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 983 Teakwood Subject | $389,000* List Price | 3 | 2 | 1,676 | $240 | - |
A 864 Nadelhorn Drive Active | $479,900 List Price | 4 | 2 | 1,768 | $271 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1979, this 47-year-old home features original-style kitchen cabinetry, dated appliances, and older bathrooms. The listing explicitly states the property is in need of repairs and upgrades, is sold 'as-is', and is positioned as an investor opportunity, indicating a need for significant rehab beyond the new flooring.
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 = 7150, living area = 1676.
- Exceptional Value
Positioned at the lowest price point in the prestigious Arrowhead Woods subdivision, this property represents a rare entry-level or high-margin investment opportunity in a premium market.
- Architectural Character
The home features desirable mountain aesthetics, including soaring ceilings, a wood-burning fireplace, and a spacious primary ensuite, providing a strong foundation for a high-end remodel.
CONSRISKS & DEFICIENCIES
- Significant Repair Needs
The property is sold in 'as-is' condition and requires substantial repairs and upgrades, which will necessitate significant additional capital investment from the buyer.
- Dated Infrastructure
Built in 1979 and currently in need of modernization, the home likely contains original systems and finishes that may not meet contemporary standards without a full renovation.
About 983 Teakwood
INVESTORS FANTASTIC LAKE ARROWEAD OPPORTUNITY! Stunning home with character in need of repairs/upgrades in Arrowhead Woods. As the 2nd house in on access road with 2 car parking deck, getting to the property is fairly easy. Main/entry level hosts large living room with soaring ceilings & wood burning fireplace, dining area, kitchen, laudry/utiilty room, 2 large bedrooms & full bath. The entire upstairs is a generously sized primary ensuite with walk in closet...New flooring throughout the home. Surrounded by mountain pines and cedars, and at the lowest price point in Arrowhead Woods, this property has stunning possibilities. Property is sold "As-is, As disclosed". Buyer to investigate to their satisfaction.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 7,150 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 1.9 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.5 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 8.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,676 | 2,015.827 |
| Lot Size | 7,150 | 10,163.827 |
| Price | $389.0K | $655.9K |
| Price per sq ft | $232 | $341 |
| Built year | 1979 | 1980 |
| HOA | $0 | $544 |
| Days on market | 12 | 78 |
Pricing History
Listed for Sale
Aug 28, 2026
$389,000
Initial Listing