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$657,000

Beds
3
Baths
2.0
sq ft
1,389

305 Summit Dr, Lake Arrowhead, CA 92352

305 Summit Dr

Lake Arrowhead, CA 92352

  • 35 days on market
Exclusive lake access. Short-term rental (STR) approved. Easy winter maintained road access w/ extra parking, direct home access from garage. High ceilings, french doors, deck upgrades and more. Welcome to your woodsy cabin retreat, wonderfully located for a mountain escape! This prime spot with breathtaking views within striking distance of Lake Arrowhead, the Burnt Mill Beach Club, and charming Lake Arrowhead Village shops and restaurants. Parking is a breeze with a new parking deck that fits two additional cars, plus an attached garage parking or storage with direct access to the home. You’ll love the level walk from the garage to the front door—no stairs needed or simply park in the attached garage to enter your home. During snowy winters, easy road access is a bonus thanks to plowed and well-maintained streets, a rare and prized feature in this mountain community. The home boasts three fantastic deck areas, perfect for enjoying the mountain air. Inside, you'll find remodeled spaces with gorgeous new Quartz countertops in the kitchen and bathrooms, complemented by soaring high ceilings. New French doors flood the home with light, showcasing the cozy fireplace. Step outside onto the expansive lot, where the outdoor living continues to impress. The upgraded deck is the perfect spot for lounging or dining, whether you're enjoying a quiet morning coffee or hosting a dinner under the stars. One of the best features? This home comes with exclusive lake rights, granting you access to the pristine waters of Lake Arrowhead! Plus, the spacious deck extends from the main living area, offering stunning views of the surrounding trees. With short-term rental opportunities, this property is perfect for both personal retreats and potential income opportunities.

Details

Property type

Single Family Residence

Est. home value

$652,527

Lot size

7,312 sq ft

Price per sq ft

$474

Year built

1997

Price History

10/01/2024
CRMLS

CRMLS #CV24201642

Listed
$657,000
+10.42%
12/14/2021
CRMLS

CRMLS #RW2302004

Sold
$595,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Rim Of The World

Community features: 

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

$297,543
Asking price
$657,000
Closing costs (~8% of asking)
-$52,560
Est. remaining loan balance
-$306,897
Cash to seller
$297,543

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

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

November 2021

Original loan amount

$327,250

Est. remaining balance

$306,897

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Cynthia Dechaine

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: 11/05/2024 at 8:45 AM

Listing updated: 10/12/2024 at 5:21 PM

Listed by: Rebecca LeBret, REALTY ONE GROUP WEST Phone #: (909) 694-0160

MLS: CRMLS #CV24201642

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