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$1,249,000

Beds
5
Baths
3.0
sq ft
3,402

139 Cypress Dr, Lake Arrowhead, CA 92352

139 Cypress Dr

Lake Arrowhead, CA 92352

  • 150 days on market
    • Price drop $50,000↓
Featured in the New York Times, this updated lake rights property exudes modern sophistication and invites you to experience the magic of the mountains from the lap of luxury. Located in the desirable Summit neighborhood (where utilities are underground), on over half an acre, the home's tranquil setting is unmatched. The bright and spacious entry level features vaulted ceilings with an open concept design, creating a seamless flow from the entertainer's kitchen and dining area onto the back deck with expansive views of the forest and mountain peaks in the distance. Also on this level is the inviting living room with a wall of windows and a fireplace for those cozy winter nights, an office (could be used as a bedroom on the main), half bathroom and large game room with a fireplace and slider that opens onto the back deck. There is ease of access from the 2 car garage into the entry level. Downstairs you'll find the well appointed primary suite that opens onto the lower deck and has a luxurious en-suite bathroom featuring a soaking jetted tub, dual sinks and shower. Down the hallway is the laundry alcove, 3 more bedrooms - one of which is currently a bunk/ rec room, a separate 3/4 bathroom and another primary suite with a 3/4 ensuite bathroom. That's 5 bedrooms all conveniently located on the same level. It has an active STR permit and successful rental income history. This home is the epitome of mountain-modern elegance and includes convenient features such as dual zone heat & AC, ample parking, located on a county-maintained road and level entry. Offered fully furnished, this property presents an opportunity to start enjoying mountain life right away.

Details

Property type

Single Family Residence

Est. home value

$1,452,136

Lot size

0.551 acres

Price per sq ft

$368

Year built

1989

Price History

06/04/2024
CRMLS

CRMLS #EV24080140

Price change
$1,249,000
-3.85%
04/22/2024
CRMLS

CRMLS #EV24080140

Listed
$1,299,000
-5.87%
03/22/2024
CRMLS

CRMLS #EV23178085

Removed
$1,380,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Lake

High school district: 

Rim of the World

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$489,843
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$659,237
Cash to seller
$489,843

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citibank Na

Loan start date

August 2021

Original loan amount

$705,500

Est. remaining balance

$659,237

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Kevin Zheng and Nga Kun Chan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/18/2024 at 6:40 PM

Listing updated: 06/04/2024 at 12:04 PM

Listed by: SIMONE KNEPPER, COLDWELL BANKER SKY RIDGE RLTY Phone #: (909) 336-2131

MLS: CRMLS #EV24080140

CRMLS logo

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