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$825,000

Beds
3
Baths
2.0
sq ft
1,850

801 Cameron Dr, Big Bear Lake, CA 92315

801 Cameron Dr

Big Bear Lake, CA 92315

  • 125 days on market
This property has just completed a major overhaul renovation. It is like a brand new modern style luxury home now, "completely furnished" and ready to rent! The living space has increased from 1,100 sq ft to a total of 1,850 sq ft now. It has a total of 3 bedrooms, 4 beds and 2 bathrooms. The original garage has been transformed into a playroom. A new covered carport has been built. There is also a concrete shower stand, a hot tub on the lower deck and a BBQ grill on the upper deck. The entire house is permitted to sleep 9 people now. The main value of the house is in its golden location. It is within a stone throw from the fancy restaurants and popular bars, saloons, fast food outlets and shops on Village Dr and Pine Knot Avenue, i.e. the very heart of the Big Bear Village. It commands a very high rental rate from various short term rental sites. The arbitrage opportunity is that it needs to accumulate some rental income track records for the newly approved large 9-guest, 3-bedroom capability to obtain a good bank loan and to increase the sales price. It was not able to do that during the renovation construction period and the previous much limited capacity. So a good property manager or somebody who is already familiar with Airbnb rental management can simply increase the property value by putting in some adequate marketing efforts without even having to put in any more renovation investment money or buying furniture after the purchase.

Details

Property type

Single Family Residence

Est. home value

$744,886

Lot size

5,810 sq ft

Price per sq ft

$446

Year built

1956

Price History

07/02/2024
CRMLS

CRMLS #NP24135433

Listed
$825,000
+246.64%
10/17/2017
CRMLS

CRMLS #EV17214540

Sold
$238,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing

High school district: 

Bear Valley Unified

Seller’s Loan History

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

Lender

Kristin Lanniciello

Loan start date

January 2022

Original loan amount

$270,000

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

Commercial

Seller

Ellen Lindberg

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 12:50 PM

Listing updated: 10/15/2024 at 11:10 PM

Listed by: Ralph Liu, InvestorsAlly Realty Phone #: (888) 388-5432

MLS: CRMLS #NP24135433

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