tomo logo

$6,000,000

Beds
6
Baths
5.75
sq ft
5,595

27409 N Bay Rd, Blue Jay, CA 92317

27409 N Bay Rd

Lake Arrowhead, CA 92352

  • 40 days on market
Rainbow Bay Lakefront Home. Location, Utility and Value! Located on the West Shore within the Totem Pole Point neighborhood , this amazing Lakefront home has far-reaching, impressive Lake Views, offering rare level access to both the home and included boat dock. Upon entry, you’ll immediately see the value – stunning, wide-open Lake Views and mountain ridge-line forest scenery offer unparalleled breathtaking views . The home captures the full breadth of the lake from west to east, providing a stunning perspective right down the middle of the lake. With approximately 5,590 square feet of well-thought-out living space, it offers 6 bedroom suites with 7 baths. The spacious living room, with its soaring ceilings, along with the family room and primary suite, each share these treasured lakefront views. Step out onto the expansive viewing deck, with level access directly down to your private dock and pier—ideal for embracing lakeside living at its finest. And that’s just the beginning! This home has so much more to offer and is truly a MUST SEE! Furnished per Seller’s Inventory and Dock.

Details

Property type

Single Family Residence

Est. home value

$3,756,612

Lot size

0.3528 acres

Price per sq ft

$1,073

Year built

1988

Monthly HOA fee

$240

Price History

09/26/2024
CRMLS

CRMLS #IG24199581

Listed
$6,000,000
+93.55%
10/13/2020
CRMLS

CRMLS #RW2200602

Sold
$3,100,000
+51.96%
08/12/2013
CRMLS

CRMLS #RW2130091

Sold
$2,040,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Golf, 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

$3,338,312
Asking price
$6,000,000
Closing costs (~8% of asking)
-$480,000
Est. remaining loan balance
-$2,181,688
Cash to seller
$3,338,312

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

September 2020

Original loan amount

$2,400,000

Est. remaining balance

$2,181,688

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Franklin M Chu and Owena E Chu

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: 11/04/2024 at 10:40 PM

Listing updated: 10/22/2024 at 3:20 PM

Listed by: DAVID VAIL, KELLER WILLIAMS LAKE ARROWHEAD Phone #: (909) 359-8030

MLS: CRMLS #IG24199581

CRMLS logo

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