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$399,000

Beds
2
Baths
1.0
sq ft
789

545 Highland Rd, Big Bear Lake, CA 92315

545 Highland Rd

Big Bear, CA 92315

  • 30 days on market
Already approved for short-term rentals! 545 Highland Road is the perfect Big Bear retreat! This charming 2-bedroom, 1-bathroom home offers nearly 800 sq. ft. of modern living space on a spacious 0.19-acre lot, making it an incredible opportunity for investors, vacation rental buyers, or those seeking a serene mountain getaway. The home has been thoughtfully upgraded with a fully permitted electrical system, including a new panel, outlets, GFCIs, and a dedicated hot tub circuit, as well as a new furnace with a NEST thermostat. Additional enhancements include Samsung stainless steel appliances, dual-paned windows, ceramic tile flooring, a tankless water heater, new light fixtures, a ceiling fan, and white/steel security screen doors for added privacy and fresh air. Zoned R3, this property offers exceptional flexibility for future growth, whether you envision adding a second unit, building a duplex, or creating a custom home. Located just minutes from Big Bear's vibrant town center and within walking distance to the lake and Holloway's Marina, the property provides unbeatable convenience and access to the best of mountain living. With its short-term rental approval, modern updates, and expansion potential, 545 Highland Road is a rare gem in Big Bear. Schedule your private tour today!

Details

Property type

Single Family Residence

Est. home value

$447,566

Lot size

8,320 sq ft

Price per sq ft

$506

Year built

1961

HOA

No

Price History

11/22/2024
CLAW

CLAW #24465695

Listed
$399,000
-3.86%
11/06/2021
SanDiego

SanDiego #NDP2112343

Sold
$415,000
+64.68%
08/28/2020
CRMLS

CRMLS #PW20136565

Sold
$252,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$57,102
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$309,978
Cash to seller
$57,102

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

November 2021

Original loan amount

$332,000

Est. remaining balance

$309,978

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Jaime A Padilla and Aurora Padilla

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: 12/22/2024 at 2:05 AM

Listing updated: 12/05/2024 at 2:37 PM

Listed by: Christian Perez, eXp Realty of Greater Los Angeles Phone #: (888) 652-1314

MLS: CLAW #24465695

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