1241 Redwood Drive, Big Bear City, California 92314, Big Bear City, - bed, bath
ACTIVE$749,000
1241 Redwood Drive, Big Bear City, California 92314
3Beds
2Baths
1,040Sqft
7,800Lot
Year Built
1974
Close
-
List price
$749K
Original List price
$799K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
23325411
Home ConditionFair
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods
About this home
Turnkey Investment Opportunity in Big Bear Mountain, located in the upscale Fox Farm Neighborhood, this property features front to back elegance and in a open spacious setting. The cabin greets you with a open layout, rustic appeal and modern design ideal for hosting friends & family. Perfect 2nd home that doubles as a rental, this cabin has generated over 60k a year in annual income since 2021
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (178 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,040 | 1,616 | 22% |
| Lot Size | 7,800 | 8,000 | 47% |
| Price | $749K | $640K | 68% |
| Price per square foot | $720 | $403 | 99% |
| Built year | 1974 | 1975 | 50% |
| HOA | |||
| Days on market | 742 | 174 | 99% |
Condition Rating
Fair
The property was built in 1974. The interior photos show a mix of rustic and updated elements. The kitchen appears functional but not recently renovated. The bathrooms are not clearly visible, but the overall style suggests a renovation was done some time ago, but not recently. The property appears maintained but aged, fitting the 'fair' condition.
Pros & Cons
Pros
Investment Opportunity: Proven rental income history, generating over $60k annually since 2021, making it an attractive investment property.
Turnkey Condition: The property is described as 'turnkey,' suggesting it's ready for immediate occupancy or rental use without significant additional work.
Upscale Neighborhood: Located in the desirable Fox Farm neighborhood, known for its upscale appeal and potentially higher property values.
Modern Design & Rustic Appeal: Features a blend of rustic charm and modern design, appealing to a wide range of potential renters or homeowners.
Open Layout: The open layout is ideal for hosting friends and family, enhancing the property's appeal for both personal use and rental purposes.
Cons
Price Reduction: The property has already experienced a price reduction from $799,000 to $749,000, which may indicate pricing challenges or market resistance.
Year Built: Built in 1974, the property may require updates or renovations to meet modern standards and preferences, potentially incurring additional costs.
Square Footage: With 1040 sqft, the property might be considered small for a 3-bedroom, 2-bathroom house, potentially limiting its appeal to larger families or those seeking more space.