986 Cameron Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath
ACTIVE$575,000
986 Cameron Drive, Big Bear Lake, California 92315
4Beds
3Baths
1,706Sqft
8,400Lot
Price Vs. Estimate
The estimated value ($575,000) is $0 (0%) lower than the list price ($575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Big Bear Location: Unbeatable proximity to 'The Village', National Forest, Big Bear Lake, and Snow Summit, making it ideal for year-round recreational activities and high rental demand.
Top Cons:
Property Age: Built in 1952, the home is over 70 years old, which may imply potential for aging infrastructure, systems, or the need for ongoing maintenance and updates.
Compared to the nearby listings
Price:$575.0K vs avg $637.5K ($-62,450)42%
Size:1,706 sqft vs avg 1,717 sqft50%
Price/sqft:$337 vs avg $39519%
More Insights
Built in 1952 (73 years old).
Condition: Despite being built in 1952, this property has undergone significant and relatively recent renovations, particularly in the kitchen and bathrooms. The kitchen features updated dark wood cabinets, granite countertops, and stainless steel appliances, which appear to be within the last 5-15 years. The main bathroom has modern wood-look tile in the shower and a contemporary vanity. Flooring throughout most of the home is updated LVP/laminate. The property is move-in ready with functional systems, including A/C in the main house, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5 to 15 years.
Year Built
1952
Close
-
List price
$575K
Original List price
$699K
Price/Sqft
$337
HOA
-
Days on market
-
Sold On
-
MLS number
PW23007807
Home ConditionGood
Features
Good View: Neighborhood, Trees/Woods
Deck
Spa
ViewNeighborhood, Trees/Woods
About this home
Price Reduction! Great rental history!! This special cabin is perfectly situated just behind 'The Village' and steps from the National Forest where you can hike, bike, sled and explore. Located less than a mile from the lake, and just 2.5 miles from Snow Summit, it’s an ideal spot for adventure seekers and those looking to relax. This special cabin offers 2 bedrooms, a third walk through bunk room, 2 baths and A/C in the main house along with another bedroom, bathroom, kitchenette and wood burning stove in the converted garage studio. (Total square footage includes the 440 sq ft studio). Enjoy the peace and serenity of the mountains from this amazing home and get ready to take advantage of all that Big Bear has to offer!
Condition Rating
Good
Despite being built in 1952, this property has undergone significant and relatively recent renovations, particularly in the kitchen and bathrooms. The kitchen features updated dark wood cabinets, granite countertops, and stainless steel appliances, which appear to be within the last 5-15 years. The main bathroom has modern wood-look tile in the shower and a contemporary vanity. Flooring throughout most of the home is updated LVP/laminate. The property is move-in ready with functional systems, including A/C in the main house, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5 to 15 years.
Pros & Cons
Pros
Prime Big Bear Location: Unbeatable proximity to 'The Village', National Forest, Big Bear Lake, and Snow Summit, making it ideal for year-round recreational activities and high rental demand.
Strong Income Potential: Explicitly stated 'Great rental history!!' combined with the versatile studio unit, making this property an attractive investment opportunity.
Flexible Living/Rental Space: The converted garage studio with its own bedroom, bathroom, and kitchenette provides excellent versatility for extended family, guests, or additional rental income.
Significant Value Proposition: A substantial price reduction from the original list price ($699,000 to $575,000) indicates a motivated seller and potential for a favorable acquisition.
Comfort Amenities: Inclusion of A/C in the main house and a wood-burning stove in the studio enhances comfort for occupants across seasons, a desirable feature in mountain homes.
Cons
Property Age: Built in 1952, the home is over 70 years old, which may imply potential for aging infrastructure, systems, or the need for ongoing maintenance and updates.
Non-Traditional Bedroom Layout: The 'walk through bunk room' as the third bedroom in the main house can limit privacy and functionality, potentially impacting its appeal for some buyers or renters.
Extended Market Time: Being on the market since January 2023 (over a year) despite a price reduction suggests potential market resistance or underlying concerns that may require further investigation.